Business segment information (Tables)

3 Months Ended

Mar. 31, 2026

Business segment information

Schedule of Holding Percentage of Subsidiaries

		% controlled at
Business segment	Entity	March 31, 2026
Chemicals	Kronos	81%
Component products	CompX	87%
Real estate management and development	BMI and LandWell	63 - 77%

Schedule of Segment Operating Performance

	Three months ended
	March 31,
	2025		2026
	(In millions)
Net sales:
Chemicals	$	489.8	$	509.8
Component products		40.3		40.6
Real estate management and development		8.5		9.7
Total net sales	$	538.6	$	560.1
Cost of sales:
Chemicals	$	383.4	$	427.0
Component products		28.1		27.3
Real estate management and development		4.6		2.8
Total cost of sales	$	416.1	$	457.1
Gross margin:
Chemicals	$	106.4	$	82.8
Component products		12.2		13.3
Real estate management and development		3.9		6.9
Total gross margin	$	122.5	$	103.0
Operating income:
Chemicals	$	41.2	$	14.5
Component products		5.9		7.1
Real estate management and development		3.0		11.3
Total operating income		50.1		32.9
General corporate items:
Interest income and other		4.3		3.5
Other components of net periodic pension and OPEB expense		(.8)		(.8)
Changes in market value of Valhi common stock held by subsidiaries		(1.7)		.5
General expenses, net		(7.9)		(7.3)
Interest expense		(13.2)		(14.7)
Income before income taxes	$	30.8	$	14.1

	Three months ended
	March 31,
	2025		2026
	(In millions)
Depreciation and amortization:
Chemicals	$	14.4	$	16.0
Component products		1.0		.9
Real estate management and development		—		—
Total	$	15.4	$	16.9