Overview

* Valhi ( VHI ) reports Q3 net loss of $22.2 mln, compared to net income last year

* Chemicals Segment Q3 sales down 6% due to lower TiO2 prices and volumes

* Component Products Segment Q3 sales rise driven by security and marine components

Outlook

* Company did not provide specific guidance for future quarters

Result Drivers

* CHEMICALS SEGMENT DECLINE - Lower TiO2 selling prices and volumes in European and export markets drove a 6% decrease in net sales

* REAL ESTATE SALES DECLINE - Reduced development activity led to lower net sales in the Real Estate Management and Development Segment

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales $503.50

mln

Q3 Net -$22.2

Income mln

Q3 $8.60

Operatin mln

g Income

Q3 -$7.60

Pretax mln

Profit

Analyst Coverage

* The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 5 three months ago

Press Release:

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(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.)