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v3.25.3

Business segment information (Tables) | 9 Months Ended
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Sep. 30, 2025
Business segment information |
Schedule of Holding Percentage of Subsidiaries | ​
​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | % controlled at |
Business segment | ​ | Entity | ​ | September 30, 2025 |
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 | ​ | Nine months ended
​ | ​ | September 30, | ​ | September 30,
​ |  | 2024 |  | 2025 |  | 2024 |  | 2025
​ | ​ | (In millions)
Net sales: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Chemicals | ​ | $ | 484.7 | ​ | $ | 456.9 | ​ | $ | 1,464.0 | ​ | $ | 1,441.1
Component products | ​ |  | 33.6 | ​ |  | 40.0 | ​ |  | 107.5 | ​ |  | 120.6
Real estate management and development | ​ |  | 15.3 | ​ |  | 6.6 | ​ |  | 52.4 | ​ |  | 20.8
Total net sales | ​ | $ | 533.6 | ​ | $ | 503.5 | ​ | $ | 1,623.9 | ​ | $ | 1,582.5
Cost of sales: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Chemicals | ​ | $ | 384.4 | ​ | $ | 410.4 | ​ | $ | 1,193.0 | ​ | $ | 1,225.9
Component products | ​ |  | 24.1 | ​ |  | 29.0 | ​ |  | 77.2 | ​ |  | 84.5
Real estate management and development | ​ |  | 8.8 | ​ |  | 3.5 | ​ |  | 29.8 | ​ |  | 10.9
Total cost of sales | ​ | $ | 417.3 | ​ | $ | 442.9 | ​ | $ | 1,300.0 | ​ | $ | 1,321.3
Gross margin: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Chemicals | ​ | $ | 100.3 | ​ | $ | 46.5 | ​ | $ | 271.0 | ​ | $ | 215.2
Component products | ​ |  | 9.5 | ​ |  | 11.0 | ​ |  | 30.3 | ​ |  | 36.1
Real estate management and development | ​ |  | 6.5 | ​ |  | 3.1 | ​ |  | 22.6 | ​ |  | 9.9
Total gross margin | ​ | $ | 116.3 | ​ | $ | 60.6 | ​ | $ | 323.9 | ​ | $ | 261.2
Operating income (loss): | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Chemicals | ​ | $ | 42.6 | ​ | $ | (15.9) | ​ | $ | 105.9 | ​ | $ | 35.6
Component products | ​ |  | 3.3 | ​ |  | 4.8 | ​ |  | 12.1 | ​ |  | 17.0
Real estate management and development | ​ |  | 21.8 | ​ |  | 19.7 | ​ |  | 36.0 | ​ |  | 41.6
Total operating income | ​ |  | 67.7 | ​ |  | 8.6 | ​ |  | 154.0 | ​ |  | 94.2
General corporate items: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Interest income and other | ​ | ​ | 5.4 | ​ | ​ | 4.6 | ​ | ​ | 16.6 | ​ | ​ | 12.6
Gain on remeasurement of investment in TiO2 manufacturing joint venture | ​ | ​ | 64.5 | ​ | ​ | — | ​ | ​ | 64.5 | ​ | ​ | —
Gain on remeasurement of earn-out liability | ​ | ​ | — | ​ | ​ | 4.6 | ​ | ​ | — | ​ | ​ | 4.6
Insurance recoveries | ​ | ​ | 1.1 | ​ | ​ | — | ​ | ​ | 1.3 | ​ | ​ | —
Other components of net periodic pension and OPEB expense | ​ |  | (.6) | ​ |  | (.9) | ​ |  | (1.8) | ​ |  | (2.4)
Changes in market value of Valhi common stock held by subsidiaries | ​ |  | 3.7 | ​ |  | (.1) | ​ |  | 4.3 | ​ |  | (1.8)
General expenses, net | ​ |  | (8.5) | ​ |  | (9.5) | ​ |  | (26.8) | ​ |  | (26.6)
Interest expense | ​ |  | (13.4) | ​ |  | (14.9) | ​ |  | (36.6) | ​ |  | (41.9)
Income (loss) before income taxes | ​ | $ | 119.9 | ​ | $ | (7.6) | ​ | $ | 175.5 | ​ | $ | 38.7
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended | ​ | Nine months ended
​ | ​ | September 30, | ​ | September 30,
​ |  | 2024 |  | 2025 |  | 2024 |  | 2025
​ | ​ | (In millions)
Depreciation and amortization: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Chemicals | ​ | $ | 17.8 | ​ | $ | 16.2 | ​ | $ | 48.3 | ​ | $ | 46.2
Component products | ​ |  | 1.0 | ​ |  | .9 | ​ |  | 2.8 | ​ |  | 2.8
Real estate management and development | ​ |  | — | ​ |  | — | ​ |  | .1 | ​ |  | —
Total | ​ | $ | 18.8 | ​ | $ | 17.1 | ​ | $ | 51.2 | ​ | $ | 49.0
​

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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