Valhi reports fourth quarter 2024 results

Dallas, texas, march 06, 2025 (globe newswire) -- valhi, inc. (nyse: vhi) reported net income attributable to valhi stockholders of $22.8 million, or $.80 per share, in the fourth quarter of 2024 compared to net income of $4.9 million, or $.17 per share, in the fourth quarter of 2023. for the full year of 2024, valhi reported net income attributable to valhi stockholders of $108.0 million, or $3.79 per share, compared to a net loss of $9.9 million, or $.35 per share, for the full year of 2023. net income attributable to valhi stockholders increased in the fourth quarter of 2024 as compared to the fourth quarter of 2023 primarily due to higher operating results from the chemicals segment and aggregate income of $31.4 million ($20.6 million, or $.72 per share, net of tax and noncontrolling interest) related to the settlement of a liability for an environmental remediation site in 2024 partially offset by an increase in the company's tax expense resulting from (i) final tax regulations on the chemicals segment's treatment of certain currency translation gains and losses, which resulted in a non-cash deferred income tax expense of $16.5 million ($10.9 million, or $.38 per share, net of tax and noncontrolling interest) and (ii) the recognition of a deferred income tax asset valuation allowance related to the chemicals segment's belgian net deferred tax assets, which resulted in a non-cash deferred income tax expense of $8.2 million ($5.4 million, or $.19 per share, net of tax and noncontrolling interest). net income attributable to valhi stockholders increased in the full year of 2024 as compared to the full year of 2023 primarily due to the net effects of higher operating results from the chemicals segment, a third quarter non-cash gain related to the chemicals segment acquisition of the 50% joint venture interest in louisiana pigment company, l.p. (“lpc”) discussed below, the settlement of a liability for an environmental remediation site and an increase in our tax expense, discussed above.
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