VALHI, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.08B | $2.10B | $1.92B | $2.22B | $2.30B | $1.85B | $1.90B | $1.82B |
| Cost of Revenue | $1.78B | $1.68B | $1.68B | $1.73B | $1.72B | $1.44B | $1.46B | $1.21B |
| Gross Profit | $295.4M | $424.5M | $245.2M | $490.4M | $580.2M | $412.1M | $434.6M | $609.2M |
| Gross Margin | 14.2% | 20.2% | 12.8% | 22.1% | 25.3% | 22.3% | 22.9% | 33.5% |
| Operating Expenses | ||||||||
| Research & Development | $17.0M | $14.0M | $18.0M | $16.0M | $17.0M | $16.0M | $17.0M | $16.0M |
| SG&A Expense | $312.3M | $256.2M | $277.4M | $304.0M | $311.9M | $283.6M | $294.2M | $310.0M |
| Operating Income | $63.3M | $210.7M | $34.2M | $239.4M | $318.6M | $186.1M | $192.7M | $370.7M |
| Operating Margin | 3.0% | 10.0% | 1.8% | 10.8% | 13.9% | 10.1% | 10.2% | 20.4% |
| Interest Expense | $57.1M | $49.9M | $28.3M | $27.9M | $32.5M | $36.2M | $40.8M | $55.7M |
| Pretax Income | $-43.0M | $244.2M | $-19.5M | $169.9M | $257.8M | $100.6M | $104.7M | $236.2M |
| Income Tax Expense | $11.9M | $82.9M | $-24.6M | $36.8M | $60.1M | $15.9M | $26.5M | $-30.7M |
| Net Income | $-57.6M | $108.0M | $-9.9M | $87.2M | $127.2M | $55.2M | $49.2M | $262.2M |
| Net Margin | -2.8% | 5.1% | -0.5% | 3.9% | 5.5% | 3.0% | 2.6% | 14.4% |
| EPS (Basic) | $-2.02 | $3.79 | $-0.35 | $3.06 | $4.46 | $1.94 | $1.73 | $9.20 |
| EPS (Diluted) | $-2.02 | $3.79 | $-0.35 | $3.06 | $4.46 | $1.94 | $1.73 | $9.20 |
| Shares Outstanding (Basic) | 29 | 29 | 28.5M | 28.5M | 28.5M | 28.5M | 28.5M | 355.3M |
| Shares Outstanding (Diluted) | 29 | 29 | 28.5M | 28.5M | 28.5M | 28.5M | 28.5M | 355.3M |
| Dividends Per Share | $0.32 | $0.32 | $0.32 | $0.32 | $0.32 | $0.48 | $0.96 | $0.96 |