Overview

* Valhi Inc ( VHI ) Q2 net income drops to $0.9 mln from $19.9 mln year ago

* Chemicals Segment sales fall 1% due to lower TiO(2) prices and volumes

* Component Products Segment sales rise, driven by security and marine components

Outlook

* Valhi ( VHI ) cites global uncertainty impacting TiO2 market recovery

* Company notes hesitancy in customer inventory building affecting sales

Result Drivers

* CHEMICALS SEGMENT - Lower TiO(2) prices and reduced export volumes led to a 1% decline in sales

* COMPONENT PRODUCTS - Increased sales driven by higher demand in security and marine components

* REAL ESTATE - Sales decline due to development delays, partially offset by tax reimbursements

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales $540.40

mln

Q2 Net $7.50

Income mln

Q2 $35.50

Operatin mln

g Income

Q2 $15.50

Pretax mln

Profit

Analyst Coverage

* The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 5 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)