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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,012	1,922	2,223	2,296	1,850	1,898
Revenue Growth (YoY)	2.73%	-13.53%	-3.22%	24.15%	-2.52%	4.25%
Cost of Revenue	1,679	1,677	1,732	1,716	1,438	1,463
Gross Profit	333.6	245.2	490.4	580.2	412.1	434.6
Selling, General & Admin	290.6	291.8	317.9	328.9	303.7	310.7
Other Operating Expenses	-25.5	-25.5	-16	-15.3	-19.7	-9.2
Operating Expenses	265.1	266.3	301.9	313.6	284	301.5
Operating Income	68.5	-21.1	188.5	266.6	128.1	133.1
Interest Expense	-37.3	-28.3	-27.9	-32.5	-36.2	-40.8
Interest & Investment Income	22.6	21	10.9	4	4.8	10.9
Currency Exchange Gain (Loss)	-3.5	1.4	11.5	1.6	-4	2
Other Non Operating Income (Expenses)	1.8	2.7	2	2	1.9	3.7
EBT Excluding Unusual Items	52.1	-24.3	185	241.7	94.6	108.9
Gain (Loss) on Sale of Investments	0.3	0.3	0.5	-	-0.1	0.3
Gain (Loss) on Sale of Assets	-	1.5	-2	16	4.5	7.1
Asset Writedown	-0.4	-	-16.4	-	-	-
Legal Settlements	-	-	-	-	-	-19.3
Pretax Income	53	-19.5	169.9	257.8	100.6	104.7
Income Tax Expense	1.9	-22.4	33.8	60.1	15.9	26.5
Earnings From Continuing Operations	51.1	2.9	136.1	197.7	84.7	78.2
Earnings From Discontinued Operations	-	-	-	-	4.3	-
Net Income to Company	51.1	2.9	136.1	197.7	89	78.2
Minority Interest in Earnings	-26.5	-15	-45.9	-70.5	-33.8	-29
Net Income	24.6	-12.1	90.2	127.2	55.2	49.2
Net Income to Common	24.6	-12.1	90.2	127.2	55.2	49.2
Net Income Growth	215.38%	-	-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)	0.86	-0.42	3.16	4.46	1.94	1.73
EPS (Diluted)	0.86	-0.42	3.16	4.46	1.94	1.73
EPS Growth	214.23%	-	-29.15%	130.27%	12.20%	-81.23%
Free Cash Flow	60.8	-44.6	-32.7	395.6	86.7	117.3
Free Cash Flow Per Share	2.13	-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	16.58%	12.76%	22.07%	25.27%	22.28%	22.90%
Operating Margin	3.40%	-1.10%	8.48%	11.61%	6.93%	7.01%
Profit Margin	1.22%	-0.63%	4.06%	5.54%	2.98%	2.59%
Free Cash Flow Margin	3.02%	-2.32%	-1.47%	17.23%	4.69%	6.18%
EBITDA	126	31.7	245.7	324.4	192.8	187.7
EBITDA Margin	6.26%	1.65%	11.06%	14.13%	10.42%	9.89%
D&A For EBITDA	57.5	52.8	57.2	57.8	64.7	54.6
EBIT	68.5	-21.1	188.5	266.6	128.1	133.1
EBIT Margin	3.40%	-1.10%	8.48%	11.61%	6.93%	7.01%
Effective Tax Rate	3.58%	-	19.89%	23.31%	15.81%	25.31%
Revenue as Reported	2,060	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.