Business segment information (Tables)

3 Months Ended

Mar. 31, 2024

Business segment information

Holding Percentage of Subsidiaries

		% controlled at
Business segment	Entity	March 31, 2024
Chemicals	Kronos	81%
Component products	CompX	87%
Real estate management and development	BMI and LandWell	63% - 77%

Segment Operating Performance

	Three months ended
	March 31,
	2023		2024
	(In millions)
Net sales:
Chemicals	$	426.3	$	478.8
Component products		41.2		38.0
Real estate management and development		25.2		13.8
Total net sales	$	492.7	$	530.6
Cost of sales:
Chemicals	$	395.8	$	407.9
Component products		28.5		28.3
Real estate management and development		14.3		8.1
Total cost of sales	$	438.6	$	444.3
Gross margin:
Chemicals	$	30.5	$	70.9
Component products		12.7		9.7
Real estate management and development		10.9		5.7
Total gross margin	$	54.1	$	86.3
Operating income (loss):
Chemicals	$	(15.1)	$	22.8
Component products		7.0		3.7
Real estate management and development		10.6		5.0
Total operating income		2.5		31.5
General corporate items:
Interest income and other		4.9		5.7
Other components of net periodic pension and OPEB expense		(1.2)		(.6)
Changes in market value of Valhi common stock held by subsidiaries		(1.1)		.5
General expenses, net		(7.9)		(7.8)
Interest expense		(7.0)		(11.3)
Income (loss) before income taxes	$	(9.8)	$	18.0