VHI Valhi Inc
Valhi, Inc. is a holding company, which engages in the manufacture and marketing of titanium dioxide pigments. It operates through the following segments: Chemicals, Component Products, and Real Estate Management and Development. The Chemicals segment produces and markets titanium dioxide pigments for paints, plastics, paper, fibers, and ceramics. The Component Products segment includes security products, stainless steel exhaust systems, gauges, throttle controls, and trim tabs. The Real Estate Management and Development segment develops land holdings for commercial, industrial, and residential purposes. The company was founded in 1987 and is headquartered in Dallas, TX.
Company profile
Ticker
VHI
Exchange
Website
CEO
Robert Dennis Graham
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
Venator Materials • Linde • Kronos Worldwide • Air Products & Chemicals • Minerals • NL Industries • LSB Industries • Tronox • Luxfer • Quantumsphere ...
SEC CIK
Corporate docs
IRS number
870110150
Calendar
7 May 20
1 Jun 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 459.3M | 414.1M | 475.2M | 528.6M | |
| Net income | 37.9M | 14.4M | 17.2M | 18.2M | |
| Diluted EPS | 0.07 | 0.03 | 0.04 | 0.02 | |
| Net profit margin | 8.25% | 3.48% | 3.62% | 3.44% | |
| Operating income | 71M | 25M | 41.4M | 65.9M | |
| Net change in cash | -40.7M | 19.4M | 33.9M | 6.6M | |
| Cash on hand | 483.1M | 523.8M | 504.4M | 470.5M | |
| Cost of revenue | 359.6M | 322.9M | 376.8M | 405.4M |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 1.9B | 1.82B | 1.88B | 1.52B | |
| Net income | 78.2M | 301M | 302.6M | -3M | |
| Diluted EPS | 0.14 | 0.77 | 0.61 | -0.05 | |
| Net profit margin | 4.12% | 16.54% | 16.10% | -0.20% | |
| Operating income | 192.7M | 370.7M | 380.3M | 119.2M | |
| Net change in cash | 24M | 64.1M | 276M | -42.6M | |
| Cash on hand | 523.8M | 499.8M | 435.7M | 159.7M | |
| Cost of revenue | 1.46B | 1.21B | 1.27B | 1.21B |
Financial data from Valhi earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|
| 23 May 19 | Tidlund Mary A. | Common stock, $0.01 par value per share | Grant | Aquire A | 0 | 10,000 | 0 | 16,900 |
| 23 May 19 | Feehan Loretta J. | Common stock, $0.01 par value per share | Grant | Aquire A | 0 | 10,000 | 0 | 19,900 |
| 23 May 19 | Herrington Terri | Common stock, $0.01 par value per share | Grant | Aquire A | 0 | 10,000 | 0 | 12,900 |
| 23 May 19 | Barry Thomas E | Common stock, $0.01 par value per share | Grant | Aquire A | 0 | 10,000 | 0 | 68,400 |
Institutional ownership Q1 2020
2.6% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 57 |
| Opened positions | 4 |
| Closed positions | 22 |
| Increased positions | 16 |
| Reduced positions | 21 |
13F shares |
Current |
|---|---|
| Total value | 28.99M |
| Total shares | 8.65M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| BLK BlackRock | 1.7M | $1.75M |
| Renaissance Technologies | 1.54M | $1.59M |
| California Public Employees Retirement System | 974.49K | $1M |
| NTRS Northern Trust | 441.53K | $455K |
| BK Bank Of New York Mellon | 439.1K | $452K |
| STT State Street | 428.92K | $442K |
| Geode Capital Management | 407.8K | $420K |
| Greenbrier Partners Capital Management | 334.63K | $345K |
| Raymond James & Associates | 274.05K | $282K |
| Howland Capital Management | 244K | $251K |
Financial report summary
?Competition
Huntsman • Huntsman International • Huntsman • Huntsman • Tronox • The Chemours Co. • Venator Materials • Venator MaterialsRisks
- Our assets consist primarily of investments in our operating subsidiaries, and we are dependent upon distributions from our subsidiaries to service our liabilities.
- Demand for, and prices of, certain of our Chemicals Segment’s products are influenced by changing market conditions for its products, which may result in reduced earnings or operating losses.
- Higher costs or limited availability of our raw materials may reduce our earnings and decrease our liquidity. In addition, many of our raw material contracts contain fixed quantities we are required to purchase.
- We could incur significant costs related to legal and environmental remediation matters.
- Many of the markets in which our Component Products Segment operates are mature and highly competitive resulting in pricing pressure and the need to continuously reduce costs.
- Our development of innovative features for current products is critical to sustaining and growing our Component Product Segment’s sales.
- If our intellectual property were to be declared invalid, or copied by or become known to competitors, or if our competitors were to develop similar or superior intellectual property or technology, our ability to compete could be adversely impacted.
- Our Real Estate Management and Development Segment owns a significant amount of real property in Henderson, Nevada. A prolonged downturn in the local real estate market in Nevada could negatively impact our ability to successfully complete the development of such real property.
- Our leverage may impair our financial condition or limit our ability to operate our businesses.
- Global climate change legislation could negatively impact our financial results or limit our ability to operate our businesses.
- Technology failures or cyber security breaches could have a material adverse effect on our operations.
Management Discussion
- ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Content analysis
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H.S. junior Avg
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New words:
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Removed:
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Financial reports
10-Q
2020 Q1
Quarterly report
7 May 20
10-K
2019 FY
Annual report
12 Mar 20
10-Q
2019 Q3
Quarterly report
8 Nov 19
10-Q
2019 Q2
Quarterly report
8 Aug 19
10-Q
2019 Q1
Quarterly report
9 May 19
10-K
2018 FY
Annual report
11 Mar 19
10-Q
2018 Q3
Quarterly report
8 Nov 18
10-Q
2018 Q2
Quarterly report
8 Aug 18
10-Q
2018 Q1
Quarterly report
9 May 18
10-K
2017 FY
Annual report
15 Mar 18
Current reports
8-K
Quarterly Cash Dividend and Results of Annual Stockholder Meeting
28 May 20
8-K
Valhi Reports First Quarter 2020 Results
7 May 20
8-K
Changes in Control of Registrant
28 Apr 20
8-K
Valhi Announces Plans for Reverse Stock Split
24 Apr 20
8-K
Departure of Directors or Certain Officers
18 Mar 20
8-K
Valhi Reports Fourth Quarter 2019 Results
12 Mar 20
8-K
Valhi Declares Quarterly Dividend
27 Feb 20
8-K
Valhi Reports Third Quarter 2019 Results
8 Nov 19
8-K
Valhi Declares Quarterly Dividend
31 Oct 19
8-K
Changes in Control of Registrant
4 Sep 19
Registration and prospectus
424B3
Prospectus supplement
29 Mar 19
S-3
Shelf registration
11 Mar 19
S-8 POS
Registration of securities for employees (post-effective amendment)
26 Jun 12
S-8
Registration of securities for employees
31 May 12
S-8 POS
Registration of securities for employees (post-effective amendment)
28 Sep 06
S-8 POS
Registration of securities for employees (post-effective amendment)
28 Sep 06
S-8 POS
Registration of securities for employees (post-effective amendment)
28 Sep 06
S-8 POS
Registration of securities for employees (post-effective amendment)
28 Sep 06
425
Business combination disclosure
5 Apr 04
SC TO-T/A
Third party tender offer statement (amended)
3 Jun 03
Proxies
DEFA14A
Additional proxy soliciting materials
7 Apr 20
DEF 14A
Definitive proxy
7 Apr 20
PRE 14A
Preliminary proxy
18 Mar 20
DEFA14A
Additional proxy soliciting materials
26 Mar 19
DEF 14A
Definitive proxy
26 Mar 19
DEF 14A
Definitive proxy
4 Apr 18
DEFA14A
Additional proxy soliciting materials
4 Apr 18
DEF 14A
Definitive proxy
6 Apr 17
DEF 14A
Definitive proxy
6 Apr 16
PRE 14A
Preliminary proxy
23 Mar 16
Other
SD
Conflict minerals disclosure
26 May 20
SD
Conflict minerals disclosure
29 May 19
EFFECT
Notice of effectiveness
29 Mar 19
SD
Conflict minerals disclosure
24 May 18
SD
Conflict minerals disclosure
30 May 17
SD
Conflict minerals disclosure
27 May 16
UPLOAD
Letter from SEC
4 Jan 16
CORRESP
Correspondence with SEC
2 Nov 15
CORRESP
Correspondence with SEC
2 Nov 15
UPLOAD
Letter from SEC
19 Oct 15
Ownership
SC 13D/A
VALHI / CONTRAN ownership change
28 Apr 20
SC 13D/A
Valhi Inc /De/
4 Sep 19
3
VALHI / Michael Shawn Simmons ownership change
3 Jun 19
4
VALHI / Mary A. Tidlund ownership change
23 May 19
4
VALHI / Loretta J. Feehan ownership change
23 May 19
4
VALHI / Terri Herrington ownership change
23 May 19
4
VALHI / THOMAS E BARRY ownership change
23 May 19
4
VALHI / W HAYDEN MCILROY ownership change
23 May 19
3
VALHI / Jane Rast Grimm ownership change
12 Mar 19
SC 13D/A
Valhi Inc /De/
25 Jan 19