VALHI REPORTS SECOND QUARTER 2023 RESULTS

Dallas, TX , Aug. 03, 2023 (GLOBE NEWSWIRE) -- Valhi, Inc. (NYSE: VHI) reported a net loss attributable to Valhi stockholders of $5.1 million, or $.18 per share, in the second quarter of 2023 compared to net income of $28.0 million, or $.98 per share, in the second quarter of 2022. For the first six months of 2023, Valhi reported a net loss attributable to Valhi stockholders of $10.0 million, or $.35 per share, compared to net income of $73.4 million, or $2.57 per share, in the first six months of 2022. Net income attributable to Valhi stockholders decreased in the second quarter and first six months of 2023 compared to the same periods of 2022 primarily due to the net effects of lower operating results from our Chemicals and Component Products Segments in 2023 and the impairment of our Real Estate Management and Development Segment’s water delivery system fixed assets in the second quarter of 2022.