Business segment information (Tables)

6 Months Ended

Jun. 30, 2025

Business segment information

Holding Percentage of Subsidiaries

		% controlled at
Business segment	Entity	June 30, 2025
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,
	2024		2025		2024		2025
	(In millions)
Net sales:
Chemicals	$	500.5	$	494.4	$	979.3	$	984.2
Component products		35.9		40.3		73.9		80.6
Real estate management and development		23.3		5.7		37.1		14.2
Total net sales	$	559.7	$	540.4	$	1,090.3	$	1,079.0
Cost of sales:
Chemicals	$	400.7	$	432.1	$	808.6	$	815.5
Component products		24.8		27.4		53.1		55.5
Real estate management and development		12.9		2.8		21.0		7.4
Total cost of sales	$	438.4	$	462.3	$	882.7	$	878.4
Gross margin:
Chemicals	$	99.8	$	62.3	$	170.7	$	168.7
Component products		11.1		12.9		20.8		25.1
Real estate management and development		10.4		2.9		16.1		6.8
Total gross margin	$	121.3	$	78.1	$	207.6	$	200.6
Operating income:
Chemicals	$	40.5	$	10.3	$	63.3	$	51.5
Component products		5.1		6.3		8.8		12.2
Real estate management and development		9.2		18.9		14.2		21.9
Total operating income		54.8		35.5		86.3		85.6
General corporate items:
Interest income and other		5.5		3.7		11.2		8.0
Other components of net periodic pension and OPEB expense		(.6)		(.7)		(1.2)		(1.5)
Changes in market value of Valhi common stock held by subsidiaries		.1		—		.6		(1.7)
General expenses, net		(10.3)		(9.2)		(18.1)		(17.1)
Interest expense		(11.9)		(13.8)		(23.2)		(27.0)
Income before income taxes	$	37.6	$	15.5	$	55.6	$	46.3

	Three months ended				Six months ended
	June 30,				June 30,
	2024		2025		2024		2025
	(In millions)
Depreciation and amortization:
Chemicals	$	19.0	$	15.6	$	30.5	$	30.0
Component products		.9		.9		1.8		1.9
Real estate management and development		—		—		.1		—
Total	$	19.9	$	16.5	$	32.4	$	31.9