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Article: Valhi Reports First Quarter 2009 Results.(Financial report)
- Article from:
- Chemicals & Chemistry
- Article date:
- May 22, 2009
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Valhi, Inc. (NYSE:VHI) reported a net loss attributable to Valhi stockholders of $20.0 million, or $.18 per diluted share, in the first quarter of 2009 as compared to a net loss attributable to Valhi stockholders of $5.9 million, or $.05 per diluted share, in the first quarter of 2008. The Company's first quarter 2009 results include a gain on litigation settlement of $.07 per diluted share and a gain on the sale of a business of $.04 per diluted share.
The Chemicals Segment's sales decreased $84.5 million in the first quarter of 2009 as compared to the first quarter of 2008. Net sales decreased in the first quarter of 2009 primarily due to lower sales volumes as ...