USACritical Materials & Supply Chain▲
Valhi Q2 Earnings Surge as Chemical Volumes, Margins Improve
Valhi reported second-quarter net sales of $606.1 million, up 12.2% from $540.4 million a year earlier, while net income attributable to stockholders rose to $22.3 million from $0.9 million. Earnings per share increased to 78 cents from 3 cents, and consolidated operating income nearly doubled to $67.7 million from $35.5 million, led by stronger results in the Chemicals segment. Chemicals net sales increased 13% to $558.1 million, with operating income surging 292% to $40.4 million, as titanium dioxide sales volume rose 16% to 153,000 metric tons and gross margin expanded to 18% of sales from 13%. Component Products sales rose 8% to $43.6 million, with operating income climbing 41% to $8.9 million, while Real Estate Management and Development sales fell to $4.4 million from $5.7 million. Management said Chemicals maintained positive momentum as market-share gains lifted volumes across all major markets, particularly Europe, and the company expects full-year consolidated operating income to exceed 2025 levels.