VHI — what changed in the latest 10-Q
A section-by-section comparison of VHI's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-11-05 vs the prior 10-Q · 2026-08-06
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +59 | −60 | ~46 | 73 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 0 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 4 |
| Legal proceedings | Text added/removed | +2 | −1 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Risk factors, Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-11-05
●Pricing pressure and changes in industry supply and production levels;
We reported net income attributable to Valhi stockholders of $30.2 million, or $1.06 per diluted share, in the third quarter of 2026 compared to a net loss attributable to Valhi stockholders of $22.2 million, or $.78 per diluted share, in the third quarter of 2025. Our net income attributable to Val…
Our diluted net income per share in the third quarter of 2026 includes income of $.28 per share related to the Chemicals Segment’s non-cash deferred income tax benefit related to proposed currency regulations under §987 issued in August 2026.
Our diluted net loss per share in the third quarter of 2025 includes:
●a loss of $.45 per share related to the recognition of a non-cash deferred income tax expense to reduce the Chemicals Segment’s net German deferred tax asset as a result of the German tax rate reduction;
Text removed vs the prior filing · source: 10-Q · 2026-08-06
We reported net income attributable to Valhi stockholders of $22.3 million, or $.78 per diluted share, in the second quarter of 2026 compared to net income attributable to Valhi stockholders of $.9 million, or $.03 per diluted share, in the second quarter of 2025. Our net income attributable to Valh…
Our diluted net income per share in the second quarter of 2026 includes:
●income of $.21 per share related to tax increment infrastructure reimbursement; and
●income of $.10 per share related to the gain on the sale of an office building within our Real Estate Management and Development Segment.
Our diluted net income per share in the second quarter of 2025 includes income of $.31 per share related to tax increment infrastructure reimbursement.
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2026-11-05
In October 2026, NLI was served with a complaint in United States v. NLI Holdings, Inc. (United States District Court for the Western District of New York, Case 1:26-cv-02382). This is a CERCLA cost recovery action brought by the United States to address radiological contamination at two residential…
In October 2026, LandWell and BMI were served with a complaint in Victor Zamora, et al. v. Precision Castparts Corp., et al. (District Court for Clark County, Nevada, Case No. A-26-954762-C). The action was brought by a construction worker and his wife against Precision Castparts Corp., LandWell, BM…
Text removed vs the prior filing · source: 10-Q · 2026-08-06
California Department of Toxic Substances v. NL Industries, Inc. In July 2026, the trial court set the amount of past costs recoverable under CERCLA at $27.5 million but did not allocate that amount among the defendants. NLI has denied liability and will continue to defend vigorously against all cla…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice