GlobeNewswire·Nov 5, 2026, 4:15 PM ET

VALHI REPORTS THIRD QUARTER 2026 RESULTS

VHI

Valhi reported a net income of $30.2 million ($1.06 per share) for Q3 2026, compared to a net loss of $22.2 million ($0.78 per share) in Q3 2025.
Net income for the first nine months of 2026 was $54.5 million ($1.91 per share), contrasting with a net loss of $4.4 million ($0.15 per share) in the same period of 2025.
Q3 2026 net income growth was driven by higher operating income in the Chemicals Segment, partially offset by lower operating income in the Real Estate Management & Development Segment.
Chemicals Segment net sales reached $541.1 million in Q3 2026, an 18% increase from 2025, and $1.6 billion for the first nine months, a 12% increase.
Chemicals sales growth was attributed to market share gains in European & North American markets, anti-dumping duties, changing supply conditions, & higher average TiO2 prices.
Currency exchange rate fluctuations, primarily the euro, increased Chemicals net sales by approximately $39 million for the first nine months of 2026.
Chemicals Segment operating income turned positive to $60.5 million in Q3 2026 from a $15.9 million loss in 2025, & rose to $115.4 million for the first nine months from $35.6 million.
Chemicals operating income improvements resulted from higher sales volumes, reduced unabsorbed fixed production costs, lower raw material costs, & cost reduction initiatives, offset by higher energy & distribution costs.
Currency exchange rate fluctuations decreased Chemicals operating income by approximately $5 million in Q3 2026 & $23 million for the first nine months.
Component Products Segment net sales increased to $44.0 million in Q3 2026 & $128.2 million for the first nine months, driven by higher marine component & security product sales.
Component Products operating income rose to $6.4 million in Q3 2026 & $22.4 million for the first nine months due to higher sales & gross margins.
Real Estate Management & Development Segment net sales declined to $3.9 million in Q3 2026 & $18.0 million for the first nine months due to slower development activity.
Real Estate segment recognized $16.7 million in tax increment infrastructure reimbursements for the first nine months of 2026 & a $5.8 million gain on the sale of its office building in Q2 2026.
Corporate expenses were 13% lower in Q3 2026 & 8% lower for the first nine months, primarily due to lower general & administrative costs.
Interest expense decreased by $1.1 million in Q3 2026 due to lower debt balances but increased by $1.3 million for the first nine months due to higher interest rates.
Q3 2026 net income included a $12.1 million non-cash deferred income tax benefit related to proposed currency regulations, while Q1 2026 included a $2.0 million tax expense for an uncertain German tax position.

Company: Valhi, Inc.
Keywords: NYSE:VHI, Valhi, Inc.