Valhi ( (VHI) ) has shared an update.
Valhi, Inc. reported a significant turnaround in its financial performance for the third quarter and first nine months of 2024, with net income of $57.5 million compared to a loss in the previous year, driven by strong results from its Chemicals Segment. The acquisition of a joint venture interest in Louisiana Pigment Company contributed to a substantial non-cash gain, boosting net sales and operating income. Despite lower TiO2 prices, increased sales volumes and reduced production costs lifted the Chemicals Segment, while other segments faced challenges due to decreased sales and development delays.
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