Earnings Releases·Nov 5, 2026, 4:20 PM ET

Valhi, Inc. — Third Quarter 2026 Earnings Summary

Net income turned positive to $30.2 million ($1.06/share) in Q3 2026 from a $22.2 million loss in Q3 2025, driven by a 17% surge in total net sales to $589.0 million and a 684% increase in operating income to $67.4 million.
The Chemicals segment led the turnaround with an 18% sales increase to $541.1 million and a swing to $60.5 million operating income from a $15.9 million loss, fueled by higher TiO2 prices, volume growth, and cost reductions.
Year-to-date net income for the first nine months reached $54.5 million ($1.91/share) compared to a $4.4 million loss in 2025, with total sales rising 11% to $1,755.2 million.
Real Estate sales declined 41% in Q3 and 13% year-to-date due to slower development activity, though the segment recognized a $5.8 million gain from an office building sale and $7.3 million from a commercial parcel sale.
No specific forward guidance or M&A announcements were provided; management highlighted risks including currency fluctuations, raw material costs, and pending litigation, while noting a $12.1 million non-cash deferred tax benefit in 2026.