Valhi, Inc. (VHI)

Valhi Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,077	1,922	2,223	2,296	1,850	1,898
Revenue Growth (YoY)	10.99%	-13.53%	-3.22%	24.15%	-2.52%	4.25%
Cost of Revenue	1,687	1,677	1,732	1,716	1,438	1,463
Gross Profit	389.9	245.2	490.4	580.2	412.1	434.6
Selling, General & Admin	295	291.8	317.9	328.9	303.7	310.7
Other Operating Expenses	-35	-25.5	-16	-15.3	-19.7	-9.2
Operating Expenses	260	266.3	301.9	313.6	284	301.5
Operating Income	129.9	-21.1	188.5	266.6	128.1	133.1
Interest Expense	-43.5	-28.3	-27.9	-32.5	-36.2	-40.8
Interest & Investment Income	22.9	21	10.9	4	4.8	10.9
Currency Exchange Gain (Loss)	1.7	1.4	11.5	1.6	-4	2
Other Non Operating Income (Expenses)	6	2.7	2	2	1.9	3.7
EBT Excluding Unusual Items	117	-24.3	185	241.7	94.6	108.9
Gain (Loss) on Sale of Investments	65	0.3	0.5	-	-0.1	0.3
Gain (Loss) on Sale of Assets	-	1.5	-2	16	4.5	7.1
Asset Writedown	-1	-	-16.4	-	-	-
Legal Settlements	-	-	-	-	-	-19.3
Pretax Income	182.4	-19.5	169.9	257.8	100.6	104.7
Income Tax Expense	44	-22.4	33.8	60.1	15.9	26.5
Earnings From Continuing Operations	138.4	2.9	136.1	197.7	84.7	78.2
Earnings From Discontinued Operations	-	-	-	-	4.3	-
Net Income to Company	138.4	2.9	136.1	197.7	89	78.2
Minority Interest in Earnings	-50.5	-15	-45.9	-70.5	-33.8	-29
Net Income	87.9	-12.1	90.2	127.2	55.2	49.2
Net Income to Common	87.9	-12.1	90.2	127.2	55.2	49.2
Net Income Growth	-	-	-29.09%	130.43%	12.20%	-81.24%
Shares Outstanding (Basic)	29	29	29	29	29	29
Shares Outstanding (Diluted)	29	29	29	29	29	29
EPS (Basic)	3.08	-0.42	3.16	4.46	1.94	1.73
EPS (Diluted)	3.08	-0.42	3.16	4.46	1.94	1.73
EPS Growth	-	-	-29.15%	130.27%	12.20%	-81.23%
Free Cash Flow	39.1	-44.6	-32.7	395.6	86.7	117.3
Free Cash Flow Per Share	1.37	-1.56	-1.15	13.88	3.04	4.12
Dividend Per Share	0.320	0.320	0.320	0.320	0.480	0.960
Dividend Growth	0%	0%	0%	-33.33%	-50.00%	0%
Gross Margin	18.77%	12.76%	22.07%	25.27%	22.28%	22.90%
Operating Margin	6.25%	-1.10%	8.48%	11.61%	6.93%	7.01%
Profit Margin	4.23%	-0.63%	4.06%	5.54%	2.98%	2.59%
Free Cash Flow Margin	1.88%	-2.32%	-1.47%	17.23%	4.69%	6.18%
EBITDA	192.2	31.7	245.7	324.4	192.8	187.7
EBITDA Margin	9.25%	1.65%	11.06%	14.13%	10.42%	9.89%
D&A For EBITDA	62.3	52.8	57.2	57.8	64.7	54.6
EBIT	129.9	-21.1	188.5	266.6	128.1	133.1
EBIT Margin	6.25%	-1.10%	8.48%	11.61%	6.93%	7.01%
Effective Tax Rate	24.12%	-	19.89%	23.31%	15.81%	25.31%
Revenue as Reported	2,142	1,977	2,266	2,335	1,878	1,938
Advertising Expenses	-	2	2	1	1	2

Source: S&P Capital IQ. Standard template. Financial Sources.