Business segment information (Tables)

6 Months Ended

Jun. 30, 2024

Business segment information

Holding Percentage of Subsidiaries

		% controlled at
Business segment	Entity	June 30, 2024
Chemicals	Kronos	81%
Component products	CompX	87%
Real estate management and development	BMI and LandWell	63% - 77%

Segment Operating Performance

	Three months ended				Six months ended
	June 30,				June 30,
	2023		2024		2023		2024
	(In millions)
Net sales:
Chemicals	$	443.2	$	500.5	$	869.5	$	979.3
Component products		36.6		35.9		77.8		73.9
Real estate management and development		27.3		23.3		52.5		37.1
Total net sales	$	507.1	$	559.7	$	999.8	$	1,090.3
Cost of sales:
Chemicals	$	399.4	$	400.7	$	795.2	$	808.6
Component products		26.3		24.8		54.8		53.1
Real estate management and development		15.9		12.9		30.2		21.0
Total cost of sales	$	441.6	$	438.4	$	880.2	$	882.7
Gross margin:
Chemicals	$	43.8	$	99.8	$	74.3	$	170.7
Component products		10.3		11.1		23.0		20.8
Real estate management and development		11.4		10.4		22.3		16.1
Total gross margin	$	65.5	$	121.3	$	119.6	$	207.6
Operating income (loss):
Chemicals	$	(2.6)	$	40.5	$	(17.7)	$	63.3
Component products		4.4		5.1		11.4		8.8
Real estate management and development		10.2		9.2		20.8		14.2
Total operating income		12.0		54.8		14.5		86.3
General corporate items:
Interest income and other		4.7		5.5		9.6		11.2
Gain on land sales		1.5		—		1.5		—
Other components of net periodic pension and OPEB expense		(7.5)		(.6)		(8.7)		(1.2)
Changes in market value of Valhi common stock held by subsidiaries		(1.1)		.1		(2.2)		.6
General expenses, net		(9.5)		(10.3)		(17.4)		(18.1)
Interest expense		(7.2)		(11.9)		(14.2)		(23.2)
Income (loss) before income taxes	$	(7.1)	$	37.6	$	(16.9)	$	55.6