Valhi, Inc. reported net income attributable to stockholders of $16.9 million, or $0.59 per diluted share, for the first quarter of 2025. This represents a significant increase from $7.8 million, or $0.27 per diluted share, in the first quarter of 2024. The improved financial performance was primarily driven by higher operating results from the Chemicals Segment.
The Chemicals Segment's net sales increased by 2% to $489.8 million in the first quarter of 2025 compared to the prior-year period. This growth was primarily due to higher sales volumes in North American and European markets, along with higher average TiO2 selling prices. The segment's operating income rose to $41.2 million, up from $22.8 million in Q1 2024, benefiting from increased production volumes and lower per metric ton production costs.
The Component Products Segment also contributed positively, with net sales increasing to $40.3 million and operating income rising to $5.9 million, driven by higher marine components sales. Conversely, the Real Estate Management and Development Segment experienced a decline in net sales to $8.5 million, attributed to a slower pace of development activity for previously sold parcels due to permitting and environmental approval delays. Interest expense increased by $1.9 million due to higher overall debt levels from 2024 debt transactions.
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