Valhi, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 05, 2020 at 04:32 pm EST
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Valhi, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was USD 461.2 million compared to USD 488.8 million a year ago. Net income was USD 15.4 million compared to USD 13.1 million a year ago. Basic earnings per share from continuing operations was USD 0.54 compared to USD 0.46 a year ago. For the nine months, total revenue was USD 1,366.8 million compared to USD 1,519 million a year ago. Net income was USD 30.7 million compared to USD 38.5 million a year ago. Basic earnings per share from continuing operations was USD 1.08 compared to USD 1.35 a year ago.
Valhi, Inc. is primarily a holding company, which operates through its subsidiaries, NL Industries, Inc., Kronos Worldwide, Inc., CompX International Inc., BasicManagement, Inc. and The LandWell Company. Its segments include Chemicals, Component Products, and Real Estate Management and Development. Chemicals segment produces and markets value-added titanium dioxide pigments. Component Products segment manufactures security products used in the postal, recreational transportation, office and institutional furniture, cabinetry, tool storage, healthcare and a variety of other industries. The segment also a manufacture wake enhancement system, stainless steel exhaust systems, gauges, throttle controls, trim tabs and related hardware and accessories for the recreational marine industry. Real Estate Management and Development segment owns real property in Henderson, Nevada. The segment develops certain land holdings for commercial, industrial and residential purposes in Henderson, Nevada.
VALHI, INC. 
