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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