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VALHI REPORTS SECOND QUARTER 2025 RESULTS
Globenewswire· 2025-08-07 20:15
Core Insights - Valhi, Inc. reported a significant decline in net income attributable to stockholders, with $0.9 million or $0.03 per share in Q2 2025, down from $19.9 million or $0.70 per share in Q2 2024. For the first half of 2025, net income was $17.8 million or $0.62 per share, compared to $27.7 million or $0.97 per share in the same period of 2024 [1][12]. Chemicals Segment - The Chemicals Segment's net sales were $494.4 million in Q2 2025, a decrease of $6.1 million or 1% compared to Q2 2024. For the first six months of 2025, net sales increased to $984.2 million, up $4.9 million or 1% from the same period in 2024 [2]. - The decline in Q2 2025 net sales was primarily due to lower average TiO2 selling prices, changes in product mix, and lower sales volumes in export markets, partially offset by higher sales volumes in North America [2][3]. - Operating income for the Chemicals Segment fell to $10.3 million in Q2 2025 from $40.5 million in Q2 2024. For the first half of 2025, operating income was $51.5 million, down from $63.3 million in the same period of 2024 [3][4]. - The Chemicals Segment faced unfavorable fixed cost absorption due to reduced operating rates, higher inventory costs, and currency fluctuations, with unabsorbed fixed production costs of approximately $20 million in Q2 2025 [3][4]. Component Products Segment - The Component Products Segment reported net sales of $40.3 million in Q2 2025, an increase from $35.9 million in Q2 2024. For the first six months of 2025, net sales rose to $80.6 million from $73.9 million in the same period of 2024 [5]. - Operating income for this segment increased to $6.3 million in Q2 2025 from $5.1 million in Q2 2024, and for the first half of 2025, it rose to $12.2 million from $8.8 million in the same period of 2024 [5]. Real Estate Management and Development Segment - The Real Estate Management and Development Segment's net sales were $5.7 million in Q2 2025, down from $23.3 million in Q2 2024. For the first six months of 2025, net sales decreased to $14.2 million from $37.1 million in the same period of 2024 [6]. - The decline in land sales revenue was attributed to a slower pace of development activities due to delays in obtaining necessary permits and approvals [6]. Corporate Expenses and Financials - Corporate expenses decreased by 11% in Q2 2025 compared to the same period in 2024, primarily due to lower litigation and environmental remediation costs. For the first half of 2025, corporate expenses were 5% lower than in the same period of 2024 [7]. - Interest income and other decreased by $1.8 million in Q2 2025 and $3.2 million in the first half of 2025, mainly due to lower average interest rates and decreased cash balances. Interest expense increased by $1.9 million in Q2 2025 and $3.8 million in the first half of 2025 due to higher debt levels [7].
VALHI REPORTS FIRST QUARTER 2025 RESULTS
Globenewswire· 2025-05-08 20:15
Core Insights - Valhi, Inc. reported a significant increase in net income attributable to stockholders, reaching $16.9 million or $0.59 per share in Q1 2025, compared to $7.8 million or $0.27 per share in Q1 2024, primarily driven by improved operating results in the Chemicals Segment [1][12]. Chemicals Segment - The Chemicals Segment's net sales were $489.8 million in Q1 2025, an increase of $11 million or 2% from $478.8 million in Q1 2024, attributed to higher sales volumes in North America and Europe, offset by lower export sales and a decline in average TiO2 selling prices [2][12]. - Operating income for the Chemicals Segment rose to $41.2 million in Q1 2025 from $22.8 million in Q1 2024, driven by increased sales and production volumes, higher average TiO2 prices, and reduced production costs [3][12]. - TiO2 production volumes increased by 18% in Q1 2025 compared to Q1 2024, with production facilities operating at average capacities of 93% in 2025 versus 87% in 2024 [3]. Component Products Segment - The Component Products Segment reported net sales of $40.3 million in Q1 2025, up from $38.0 million in Q1 2024, due to increased sales of marine components and security products [4][12]. - Operating income for this segment increased to $5.9 million in Q1 2025 from $3.7 million in Q1 2024, primarily due to higher sales and improved gross margins [4]. Real Estate Management and Development Segment - The Real Estate Management and Development Segment's net sales decreased to $8.5 million in Q1 2025 from $13.8 million in Q1 2024, attributed to a slowdown in development activities and delays in obtaining necessary permits [5][12]. Corporate Expenses - Corporate expenses remained comparable to the same period in 2024, with interest income and other decreasing by $1.4 million due to lower average interest rates and reduced cash balances [6][7]. - Interest expense increased by $1.9 million in Q1 2025 compared to Q1 2024, primarily due to higher debt levels from transactions in the Chemicals Segment [7].
NL REPORTS FIRST QUARTER 2025 RESULTS
Globenewswire· 2025-05-07 20:20
Core Insights - NL Industries, Inc. reported a significant decline in net income for Q1 2025, with net income attributable to NL stockholders at $0.7 million ($0.01 per share), down from $6.8 million ($0.14 per share) in Q1 2024, primarily due to an unrealized loss in marketable equity securities [1][6][16] - CompX experienced an increase in net sales to $40.3 million in Q1 2025, up from $38.0 million in Q1 2024, driven by higher sales in Marine Components and Security Products [2][18] - Kronos' net sales rose to $489.8 million in Q1 2025, a 2% increase from the previous year, attributed to higher sales volumes in North America and Europe, despite lower export volumes [4][20] NL Industries Financial Performance - The company recognized an unrealized loss of $8.5 million in Q1 2025 compared to a gain of $2.4 million in Q1 2024 related to marketable equity securities [1][6] - Corporate expenses increased by $0.3 million in Q1 2025, mainly due to higher environmental remediation costs [6][16] - Interest and dividend income decreased by $0.6 million in Q1 2025, attributed to lower average interest rates and decreased cash balances [6][16] CompX Performance - CompX's segment profit increased to $5.9 million in Q1 2025 from $3.7 million in Q1 2024, primarily due to higher Marine Components sales and improved gross margins [2][18] - The increase in net sales was primarily driven by higher demand in the towboat and government markets [2][18] Kronos Performance - Kronos' income from operations surged to $38.4 million in Q1 2025, up from $19.5 million in Q1 2024, driven by increased sales and production volumes, as well as reduced production costs [5][20] - TiO2 production volumes increased by 18% in Q1 2025 compared to the same period in 2024, with production facilities operating at average capacities of 93% [5][20] - Average TiO2 selling prices were 2% higher at the start of 2025 compared to the beginning of 2024, although they declined by 3% during Q1 2025 due to market pressures [4][5]