Valhi, Inc. announced net income attributable to stockholders of $22.8 million, or $0.80 per diluted share, for the fourth quarter of 2024, a significant increase from $4.9 million, or $0.17 per diluted share, in the fourth quarter of 2023. For the full year 2024, the company reported net income of $108.0 million, or $3.79 per diluted share, a substantial turnaround from a net loss of $9.9 million, or $0.35 per diluted share, in 2023. These results were primarily driven by improved operating performance in the Chemicals Segment and an environmental remediation settlement.
The Chemicals Segment's net sales rose 6% to $423.1 million in the fourth quarter of 2024, and 13% to $1.9 billion for the full year, fueled by higher sales volumes and increased average TiO2 selling prices in Q4. Operating income for the Chemicals Segment was $32.6 million in Q4 2024, a notable improvement from an operating loss of $1.6 million in Q4 2023. Full-year operating income for the segment reached $138.5 million, reversing a $41.1 million loss in 2023, due to higher sales and production volumes and lower production costs.
The company's net income in Q4 2024 included $31.4 million from the settlement of an environmental remediation site liability, partially offset by non-cash deferred income tax expenses totaling $24.7 million related to currency translation regulations and a valuation allowance. The Component Products Segment experienced a decrease in net sales to $38.4 million in Q4 2024, while the Real Estate Management and Development Segment's net sales increased to $19.4 million in Q4 2024 due to increased development activities.
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