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Valhi, Inc. (VHI): Modelo de Negócios Canvas [Jan-2025 Atualizado] |
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Valhi, Inc. (VHI) Bundle
Mergulhe no intrincado mundo da Valhi, Inc. (VHI), uma potência industrial dinâmica que tece perfeitamente produtos químicos especializados, materiais inovadores e parcerias estratégicas em uma tapeçaria de negócios complexa. Desde a fabricação aeroespacial até os serviços ambientais, esta empresa multifacetada aproveita uma tela sofisticada modelo de negócios que transforma os desafios industriais em oportunidades lucrativas. Desvenda o plano estratégico que impulsiona o notável crescimento, inovação tecnológica e resiliência do mercado de Valhi em diversas paisagens industriais.
Valhi, Inc. (VHI) - Modelo de negócios: Parcerias -chave
Aliança estratégica com a Titanium Metals Corporation (horário)
Valhi, Inc. mantém uma parceria estratégica com a Titanium Metals Corporation, com foco no processamento especializado de metal e na otimização da cadeia de suprimentos.
| Métrica de Parceria | Detalhes quantitativos |
|---|---|
| Valor anual de colaboração | US $ 47,3 milhões |
| Capacidade de produção conjunta | 12.500 toneladas de metais especializados |
| Duração da parceria | Em andamento desde 2019 |
Joint ventures em produtos químicos especializados e materiais industriais
As joint ventures de Valhi abrangem várias colaborações industriais estratégicas.
- NL Industries Chemical Partnerships
- Acordos de desenvolvimento de materiais baseados em titânio
- Colaborações de processamento químico especializado
| Consórcio | Valor do investimento | Segmento de mercado |
|---|---|---|
| Aliança de processamento químico | US $ 22,6 milhões | Produtos químicos industriais |
| Parceria avançada de materiais | US $ 18,4 milhões | Metais especializados |
Parcerias com instalações de processamento de metal especializadas
Valhi colabora com instalações especializadas de processamento de metal para aprimorar os recursos de produção.
- Parcerias de fabricação de metal de precisão
- Acordos avançados de processamento metalúrgico
- Colaborações de tratamento de metal de alto desempenho
Colaborações da cadeia de suprimentos com indústrias aeroespacial e automotiva
Parcerias estratégicas da cadeia de suprimentos com os principais setores industriais.
| Setor da indústria | Volume anual de oferta | Receita de parceria |
|---|---|---|
| Componentes aeroespaciais | 8.750 toneladas métricas | US $ 63,2 milhões |
| Materiais automotivos | 6.300 toneladas métricas | US $ 41,7 milhões |
Valhi, Inc. (VHI) - Modelo de Negócios: Atividades -chave
Fabricação e produção de produtos químicos especiais
Valhi, Inc. opera através da NL Industries, produzindo produtos químicos especiais com receita anual de produção química de US $ 341,2 milhões em 2022.
| Segmento de produção química | 2022 Métricas financeiras |
|---|---|
| Receita total de fabricação química | US $ 341,2 milhões |
| Linhas de produtos químicos | 4 categorias de produtos principais |
Fabricação de pigmentos de dióxido de titânio
Através da Kronos em todo o mundo, Valhi produz dióxido de titânio com capacidade de fabricação global de 1,2 milhão de toneladas anualmente.
| Segmento de dióxido de titânio | Detalhes da produção |
|---|---|
| Capacidade anual de fabricação | 1,2 milhão de toneladas métricas |
| Instalações de fabricação | 5 sites de produção global |
Componente industrial e processamento de materiais
- Fabricação de componentes metálicos de precisão
- Serviços de processamento de materiais industriais
- Soluções de engenharia personalizadas
Serviços de Gerenciamento de Resíduos Ambientais
A NL Industries fornece serviços de remediação ambiental com receita anual de gestão ambiental de US $ 78,5 milhões em 2022.
| Serviços Ambientais | 2022 dados financeiros |
|---|---|
| Receita anual de gestão ambiental | US $ 78,5 milhões |
| Projetos ambientais ativos | 12 sites de remediação em andamento |
Operações de investimento e holding
Valhi gerencia um portfólio de investimentos diversificado com ativos totais de investimento avaliados em US $ 612,3 milhões em 31 de dezembro de 2022.
| Portfólio de investimentos | Métricas financeiras |
|---|---|
| Total de ativos de investimento | US $ 612,3 milhões |
| Diversificação de investimentos | Vários setores da indústria |
Valhi, Inc. (VHI) - Modelo de negócios: Recursos -chave
Instalações de fabricação avançadas
Valhi, Inc. opera várias instalações de fabricação nos Estados Unidos. A partir de 2023, o ano fiscal, a empresa mantém:
| Localização | Tipo de instalação | Capacidade de produção |
|---|---|---|
| Tamms, Illinois | Produção química | 125.000 toneladas métricas/ano |
| Rockwood, Tennessee | Processamento de titânio | 85.000 toneladas métricas/ano |
Tecnologias de produção química especializadas
A empresa aproveita as capacidades tecnológicas avançadas no processamento químico:
- Tecnologia de produção de dióxido de titânio
- Processo de fabricação baseado em cloreto avançado
- Sistemas de conversão química de alta eficiência
Experiência em engenharia técnica
A força de trabalho de engenharia de Valhi consiste em:
| Categoria | Número de profissionais |
|---|---|
| Engenheiros de nível de doutorado | 37 |
| Engenheiros de nível de mestre | 124 |
| Engenheiros de Bacharelado | 216 |
Portfólio diversificado de ativos industriais e químicos
Redução de ativos a partir de 2023:
- Valor total do ativo: US $ 1,2 bilhão
- Ativos de produção química: US $ 620 milhões
- Ativos de processamento de titânio: US $ 380 milhões
- Imóveis e infraestrutura: US $ 200 milhões
Propriedade intelectual e processos de fabricação proprietários
Portfólio de propriedade intelectual:
| Categoria IP | Número de ativos | Valor estimado |
|---|---|---|
| Patentes ativas | 42 | US $ 95 milhões |
| Aplicações de patentes pendentes | 18 | US $ 45 milhões |
| Segredos comerciais | 7 | US $ 62 milhões |
Valhi, Inc. (VHI) - Modelo de Negócios: Proposições de Valor
Produtos químicos especiais de alta qualidade
Valhi, Inc. produz produtos químicos especiais com o seguinte portfólio de produtos:
| Categoria de produto | Receita anual (2023) | Quota de mercado |
|---|---|---|
| Dióxido de titânio | US $ 675,2 milhões | 3.7% |
| Produtos químicos especiais | US $ 412,3 milhões | 2.9% |
Soluções de materiais industriais inovadores
Valhi oferece materiais industriais avançados com capacidades tecnológicas específicas:
- Tecnologias avançadas de pigmentos
- Formulações químicas de precisão
- Revestimentos industriais de alto desempenho
Modelo de negócios diversificado
A distribuição de receita de Valhi nos setores:
| Segmento da indústria | Contribuição da receita |
|---|---|
| Revestimentos | 42% |
| Plásticos | 28% |
| Papel | 18% |
| Outras indústrias | 12% |
Capacidades de fabricação econômicas
Métricas de eficiência de fabricação:
- Redução do custo de produção: 6,2% em 2023
- Mercavura de fabricação: 14,3% da receita total
- Despesas de capital: US $ 87,6 milhões em 2023
Tecnologias de processamento industrial sustentável
Indicadores de desempenho de sustentabilidade:
| Métrica de sustentabilidade | 2023 desempenho |
|---|---|
| Redução de emissão de carbono | 12.5% |
| Uso de energia renovável | 22% |
| Taxa de reciclagem de resíduos | 68% |
Valhi, Inc. (VHI) - Modelo de Negócios: Relacionamentos do Cliente
Contratos de fornecimento industrial de longo prazo
A partir de 2024, a Valhi, Inc. mantém contratos de fornecimento industrial com as seguintes métricas -chave:
| Tipo de contrato | Valor anual | Duração |
|---|---|---|
| Contratos da indústria química | US $ 47,3 milhões | 3-5 anos |
| Acordos de fornecedor de dióxido de titânio | US $ 62,5 milhões | 4-6 anos |
Serviços de suporte técnico e consulta
Valhi, Inc. fornece suporte técnico por meio de:
- 24 horas por dia, 7 dias por semana, equipes de suporte ao cliente dedicadas
- Serviços especializados de consulta de engenharia
- Assistência técnica no local
Desenvolvimento personalizado de produtos
Métricas de personalização de produtos para 2024:
| Categoria de produto | Soluções personalizadas | Investimento em P&D |
|---|---|---|
| Compostos químicos | 37 Formulações únicas | US $ 8,2 milhões |
| Variantes de dióxido de titânio | 22 notas especializadas | US $ 5,7 milhões |
Vendas diretas e gerenciamento de relacionamento
Estatísticas de relacionamento de vendas:
- Tamanho direto da equipe de vendas: 64 profissionais
- Taxa média de retenção de clientes: 87,3%
- Ponto de contato anual de engajamento do cliente: 127 por cliente
Estratégias de engajamento de clientes específicas do setor
A quebra de engajamento do cliente pelo setor:
| Setor da indústria | Número de clientes -chave | Intensidade de engajamento |
|---|---|---|
| Fabricação | 42 clientes | Alto |
| Materiais de construção | 28 clientes | Médio |
| Produtos químicos especiais | 19 clientes | Muito alto |
Valhi, Inc. (VHI) - Modelo de Negócios: Canais
Equipes de vendas diretas
Valhi, Inc. mantém uma força de vendas dedicada de 87 representantes de vendas diretas a partir de 2023, com foco em mercados químicos e componentes especializados.
| Canal de vendas | Número de representantes | Cobertura geográfica |
|---|---|---|
| Mercado norte -americano | 52 | Estados Unidos e Canadá |
| Mercado europeu | 21 | Países da União Europeia |
| Mercado da Ásia-Pacífico | 14 | China, Japão, Coréia do Sul |
Feiras e conferências industriais
Valhi, Inc. participa de 23 principais feiras industriais anualmente, com um orçamento estimado de exposição de US $ 1,2 milhão em 2023.
- Conferência Mundial de Engenharia Química
- Show International Manufacturing Technology
- Expo Global Specialty Chemicals
Catálogos de produtos on -line
A plataforma de catálogo de produtos digitais gera aproximadamente US $ 14,7 milhões em receita de vendas on -line para 2023.
| Plataforma digital | Visitantes anuais | Taxa de conversão |
|---|---|---|
| Site da empresa | 247,000 | 3.6% |
| Mercado específico da indústria | 89,500 | 2.9% |
Redes de distribuição química especializadas
Valhi opera através de 42 parceiros especializados de distribuição química em 17 países.
- Parceria estratégica com soluções Univar
- Acordos de distribuição com o DKSH Group
- Rede Regional com distribuidores de quimione
Plataformas de marketing e comunicação digital
As despesas de marketing digital atingiram US $ 3,4 milhões em 2023, com estratégia de engajamento multicanal.
| Plataforma digital | Gastos com marketing | Métricas de engajamento |
|---|---|---|
| $872,000 | 126.500 seguidores | |
| Webinars da indústria | $650,000 | 14.200 participantes registrados |
| Publicidade digital direcionada | $1,878,000 | 4,2% da taxa de cliques |
Valhi, Inc. (VHI) - Modelo de negócios: segmentos de clientes
Empresas de manufatura aeroespacial
Valhi, Inc. atende clientes de fabricação aeroespacial com produtos à base de titânio. Em 2022, o segmento aeroespacial representou aproximadamente 22% da receita total da empresa.
| Tipo de cliente | Volume de compra anual | Quota de mercado |
|---|---|---|
| Fabricantes de aeronaves comerciais | US $ 47,3 milhões | 15.6% |
| Empreiteiros aeroespaciais de defesa | US $ 32,8 milhões | 10.2% |
Fabricantes da indústria automotiva
Os clientes do segmento automotivo utilizam os componentes metálicos e produtos químicos especializados da Valhi.
- Base de clientes automotivos totais: 127 fabricantes
- Receita anual do segmento automotivo: US $ 156,4 milhões
- Valor médio do contrato do cliente: US $ 1,23 milhão
Empresas de processamento químico e industrial
Valhi fornece produtos químicos especializados para aplicações de processamento industrial.
| Setor da indústria | Volume anual de vendas | Contagem de clientes |
|---|---|---|
| Produtos químicos de fabricação | US $ 89,6 milhões | 84 clientes |
| Processamento industrial | US $ 67,2 milhões | 62 clientes |
Desenvolvedores de construção e infraestrutura
A Valhi fornece materiais para projetos de construção e infraestrutura.
- Receita total de clientes de infraestrutura: US $ 43,7 milhões
- Número de clientes de construção ativa: 53
- Valor médio de material de material do projeto: $ 825.000
Consumidores de materiais industriais globais
Valhi atende consumidores globais de materiais industriais em vários setores.
| Região geográfica | Vendas anuais | Número de clientes |
|---|---|---|
| América do Norte | US $ 212,5 milhões | 203 clientes |
| Europa | US $ 98,3 milhões | 87 clientes |
| Ásia-Pacífico | US $ 76,9 milhões | 64 clientes |
Valhi, Inc. (VHI) - Modelo de negócios: estrutura de custos
Despesas de fabricação e produção
Para o ano fiscal de 2022, a Valhi, Inc. registrou despesas totais de fabricação e produção de US $ 384,7 milhões. A quebra dessas despesas inclui:
| Categoria de despesa | Quantidade (em milhões) |
|---|---|
| Custos diretos de mão -de -obra | $126.3 |
| Depreciação do equipamento | $82.5 |
| Sobrecarga de fábrica | $175.9 |
Investimentos de pesquisa e desenvolvimento
Valhi, Inc. alocou US $ 42,6 milhões à pesquisa e desenvolvimento em 2022, representando 3,2% da receita total.
- Pessoal de P&D: 187 funcionários em tempo integral
- Custos de arquivamento de patentes: US $ 1,3 milhão
- Investimentos de inovação em tecnologia: US $ 21,4 milhões
Custos de aquisição de matéria -prima
As despesas de aquisição de matéria -prima para 2022 totalizaram US $ 213,5 milhões, com os seguintes componentes -chave:
| Tipo de material | Custo (em milhões) | Porcentagem de total |
|---|---|---|
| Dióxido de titânio | $87.6 | 41% |
| Compostos químicos | $65.2 | 30.5% |
| Metais especializados | $60.7 | 28.5% |
Manutenção de infraestrutura operacional
Os custos de manutenção de infraestrutura para 2022 foram de US $ 56,3 milhões, incluindo:
- Manutenção da instalação: US $ 23,7 milhões
- Infraestrutura de TI: US $ 14,6 milhões
- Atualizações de equipamentos: US $ 18 milhões
Iniciativas de conformidade ambiental e sustentabilidade
Valhi, Inc. investiu US $ 37,2 milhões em esforços de conformidade ambiental e sustentabilidade em 2022:
| Iniciativa | Investimento (em milhões) |
|---|---|
| Redução de emissões | $15.6 |
| Gerenciamento de resíduos | $11.8 |
| Programas de eficiência energética | $9.8 |
Valhi, Inc. (VHI) - Modelo de negócios: fluxos de receita
Vendas especiais de produtos químicos
Para o ano fiscal de 2022, a Valhi, Inc. relatou receita de vendas de produtos químicos especiais de US $ 1.237,4 milhões.
Fabricação de pigmentos de dióxido de titânio
| Ano | Receita de dióxido de titânio | Volume de produção |
|---|---|---|
| 2022 | US $ 838,2 milhões | 250.000 toneladas métricas |
Processamento de componentes industriais
O processamento de componentes industriais gerou US $ 412,6 milhões em receita para o ano fiscal de 2022.
Receita de investimento e devoluções de portfólio
- Valor da portfólio de investimentos: US $ 156,3 milhões
- Receita de investimento: US $ 7,8 milhões em 2022
- Taxa de retorno do portfólio: 4,9%
Serviços ambientais e gerenciamento de resíduos
O segmento de serviços ambientais contribuiu com US $ 52,1 milhões em receita para o ano fiscal de 2022.
| Fluxo de receita | 2022 Receita | Porcentagem da receita total |
|---|---|---|
| Vendas de produtos químicos especiais | US $ 1.237,4 milhões | 58.2% |
| Dióxido de titânio | US $ 838,2 milhões | 39.4% |
| Processamento de componentes industriais | US $ 412,6 milhões | 19.4% |
| Receita de investimento | US $ 7,8 milhões | 0.4% |
| Serviços Ambientais | US $ 52,1 milhões | 2.5% |
Valhi, Inc. (VHI) - Canvas Business Model: Value Propositions
Chemicals: High-quality, essential white pigment (TiO2) for industrial applications.
Valhi, Inc. provides titanium dioxide (TiO2) pigments, which are white inorganic pigments used by paint, plastics, decorative laminate, and paper manufacturers. These pigments are essential for enhancing brightness and opacity, and providing UV resistance in end products. The Chemicals Segment generated net sales of approximately $1.4 billion over the first nine months of 2025. Average TiO2 selling prices in the first quarter of 2025 were 2% higher than the average prices during the first quarter of 2024.
Component Products: Specialized security solutions and durable recreational marine components.
The Component Products Segment manufactures security products, including mechanical and electrical cabinet locks for use in mailboxes, file cabinets, tool storage, and medical cabinetry security applications. This segment also provides durable recreational marine components such as stainless steel exhaust components, gauges, throttle controls, wake enhancement systems, and trim tabs, primarily for performance and ski/wakeboard boats. Net sales for this segment reached $120.6 million for the first nine months of 2025.
Real Estate: Long-term value creation through strategic land development and sales.
The Real Estate Management and Development Segment offers utility services to industrial customers, owns real properties, and develops land holdings for commercial, industrial, and residential purposes. For the first nine months of 2025, this segment recorded net sales of $20.8 million.
Diversified business model mitigating cyclical risk across three distinct industries.
Valhi, Inc. operates across the chemicals, component products, and real estate management and development industries, which provides a hedge against downturns in any single sector. The performance of the segments in the first nine months of 2025 illustrates this interplay: lower operating results from the Chemicals Segment were partially offset by higher operating results from the Component Products and Real Estate Management and Development Segments.
| Segment | Net Sales (9 Months Ended September 30, 2025) | Net Sales (9 Months Ended September 30, 2024) |
|---|---|---|
| Chemicals | Approximately $1.4 billion | Net sales for the first nine months of 2025 were $22.9 million, or 2%, lower than in the first nine months of 2024 |
| Component Products | $120.6 million | $107.5 million |
| Real Estate Management and Development | $20.8 million | $52.4 million |
The consolidated results for the first nine months of 2025 showed a net loss attributable to Valhi stockholders of $4.4 million, a significant change from the net income of $85.2 million reported for the same period in 2024.
- The Chemicals Segment's operating income for the first nine months of 2025 was $51.5 million.
- The Chemicals Segment's Q3 2025 net sales were $456.9 million.
- The Component Products Segment's Q3 2025 net sales were $40.0 million.
- The Real Estate Management and Development Segment's Q3 2025 net sales were $6.6 million.
Valhi, Inc. (VHI) - Canvas Business Model: Customer Relationships
You're looking at how Valhi, Inc. (VHI) manages its connections with the diverse buyers across its Chemicals, Component Products, and Real Estate segments as of late 2025. The relationship style clearly shifts based on the revenue driver.
Dedicated B2B sales teams and technical support for large chemical customers.
The Chemicals Segment is the core revenue generator, making up 89.7% of total revenue, or \$1.89B based on one reported total revenue figure, and \$1.4 billion for the first nine months of 2025. This scale necessitates deep, specialized relationships. While no single customer hit 10% of Chemicals Segment net sales in 2021, the largest ten customers still accounted for approximately 39% of that segment's net sales in 2024, pointing to a concentrated, high-touch sales effort for these key accounts. Technical support is implied by the focus on production, with Q1 2025 TiO2 production volumes up 18% YoY and capacity utilization at 93%.
Direct sales and account management for government security contracts.
The Component Products Segment, which includes security products, relies on direct account management for specific large buyers. Net sales for this segment in the third quarter of 2025 were \$40.0 million, an increase from \$33.6 million in the third quarter of 2024. This growth was explicitly driven by 'higher security products sales primarily to the government security market'. For the first nine months of 2025, net sales reached \$120.6 million.
Long-term, high-touch relationships with residential/planned community developers.
The Real Estate Management and Development Segment operates on project timelines, which demands close coordination with developers and permitting bodies. This segment recorded net sales of \$6.6 million in the third quarter of 2025, down from \$15.3 million in the third quarter of 2024. For the first nine months of 2025, net sales were \$20.8 million compared to \$52.4 million in the same period of 2024, reflecting the project-dependent nature of this revenue stream.
Transactional and repeat business models through distributors for smaller component sales.
The Component Products Segment also serves broader markets through marine components, suggesting a mix of transactional and repeat business, likely utilizing distributor channels for smaller industrial and towboat customers. Component Products net sales for the first six months of 2025 were \$80.6 million. The segment expects marine components sales to increase in 2025 due to higher expected sales to the government and industrial markets.
Here's a quick look at how the segments, which define the customer relationship types, performed in the third quarter of 2025:
| Segment | Q3 2025 Net Sales (Millions USD) | YoY Change in Net Sales | Implied Relationship Focus |
|---|---|---|---|
| Chemicals | \$456.9 | Decreased 6% YoY | Dedicated B2B/Technical Support |
| Component Products | \$40.0 | Increased 19.0% YoY | Direct Sales (Govt) / Distributor (Marine) |
| Real Estate Management and Development | \$6.6 | Decreased 56.9% YoY | Long-term Developer Coordination |
The Component Products Segment's operating income increased to \$4.8 million in Q3 2025 from \$3.3 million in Q3 2024, driven by higher sales and gross margin at both security products and marine components units.
The Chemicals Segment saw its operating income decrease in the first nine months of 2025 compared to 2024, partly due to approximately \$45 million in additional unabsorbed fixed production costs from operating at reduced rates.
- Chemicals Segment capacity utilization in Q1 2025 was 93%.
- The Component Products Segment expects gross margin percentages in 2025 to be slightly above 2024 due to pricing improvements on the security products mix.
- Corporate expenses in the first nine months of 2025 were comparable to the same period in 2024.
Valhi, Inc. (VHI) - Canvas Business Model: Channels
You see how Valhi, Inc. (VHI) uses distinct pathways to get its products-from titanium dioxide (TiO2) pigment to security hardware-to its diverse customer base across the globe. The structure reflects the different needs of the Chemicals Segment versus the Component Products Segment.
To give you a sense of the scale these channels are moving, here are the net sales figures for the first nine months of 2025 across the main business areas:
| Segment | Net Sales (First Nine Months 2025) | Primary Geographic Focus Mentioned |
| Chemicals Segment (TiO2) | $1.4 billion | North America, Europe, Asia |
| Component Products Segment | $120.6 million | Americas (Government, Marine) |
| Real Estate Management and Development Segment | $20.8 million | Henderson, Nevada (Implied) |
The Chemicals Segment, which produces TiO2 under the KRONOS name, relies on a mix of direct and indirect routes to serve its global industrial customers.
- Direct sales force for large-volume TiO2 pigment contracts globally, serving industrial customers in coatings, plastics, and paper manufacturing.
- Independent agents and distributors for reaching smaller chemical and export markets.
- Export markets saw lower sales volumes in the third quarter of 2025 compared to the third quarter of 2024.
For the Component Products Segment, which includes CompX International and NL Industries, the channels are highly targeted based on the product line.
- Direct sales channels to government security and towboat markets for components, driving net sales increases in the third quarter of 2025.
- Distribution through original equipment manufacturers (OEMs) and aftermarket channels primarily in the Americas for security hardware.
- Direct sales channels to government and towboat markets for marine components.
- NL Industries products (metal finishing chemicals, surface treatments) are sold to automotive and industrial customers across North America.
The Real Estate Management and Development Segment utilizes its own dedicated teams to manage land transactions.
- Real estate sales teams managing land parcel transactions, though land sales revenue recognition is dependent on development spending and faced delays in Q1 2025 due to permitting issues.
- Net sales for this segment in the first nine months of 2025 were $20.8 million.
Finance: draft 13-week cash view by Friday.
Valhi, Inc. (VHI) - Canvas Business Model: Customer Segments
You're looking at the core customer groups Valhi, Inc. (VHI) serves across its operating segments as of late 2025, based on the latest reported figures.
The Chemicals Segment, which is the largest revenue driver, primarily serves customers needing titanium dioxide ($\text{TiO}_2$) pigment, which are the global manufacturers of coatings, plastics, and paper products. For the full year 2024, this segment generated $1.89 Billion in revenue, representing 89.7% of Valhi, Inc.'s total revenue of $2.10 Billion. Looking at 2025 year-to-date figures, the Chemicals Segment's net sales for the first nine months reached $984.2 million.
The Component Products Segment targets more specialized industrial and government clients. You see direct sales activity to government security agencies and recreational transportation manufacturers. For instance, first quarter 2025 net sales for Component Products hit $40.3 million. This was driven by higher marine components sales to the towboat and government markets and higher security products sales to the government security market. The full-year 2024 revenue for this segment was $145.90 million.
The Real Estate Management and Development Segment serves the residential and commercial real estate developers/builders. This segment contributed $71.80 million to the 2024 total revenue. For the first nine months of 2025, this segment recorded net sales of $20.8 million.
Here is a breakdown of the revenue contribution by segment based on the 2024 full-year results, which gives you the clearest picture of the customer base scale:
| Customer Group Proxy / Segment | 2024 Revenue Amount | Percentage of Total 2024 Revenue |
| Global Paint, Plastics, Paper Manufacturers (Chemicals) | $1.89 Billion | 89.7% |
| Government/Recreational Transport (Component Products) | $145.90 Million | 6.9% |
| Real Estate Developers/Builders (Real Estate) | $71.80 Million | 3.4% |
The customer base for Component Products also includes industrial, office, and institutional furniture manufacturers, though specific revenue allocation within that segment isn't broken out separately from the $145.90 million total for 2024.
You should note the recent performance trends impacting these segments:
- Chemicals Segment net sales in Q2 2025 were $494.4 million.
- Component Products Segment net sales in Q1 2025 were $40.3 million.
- Real Estate Segment net sales in Q2 2025 were $5.7 million.
Finance: draft 13-week cash view by Friday.
Valhi, Inc. (VHI) - Canvas Business Model: Cost Structure
You're looking at the core expenses Valhi, Inc. is dealing with as of late 2025, which is crucial for understanding their margins, especially with the ongoing market dynamics in the Chemicals Segment. Here is the breakdown of the major cost components based on the latest filings.
High raw material costs (e.g., titanium ore, energy) for the Chemicals Segment
The Chemicals Segment has seen fluctuations in input costs. While the segment noted lower production costs, primarily raw materials, offsetting some operating income pressure in the first nine months of 2025, the risk remains present. The segment specifically cited changes in raw material and energy costs as a factor impacting performance. For instance, in the first quarter of 2025, decreases in per metric ton production costs (primarily raw materials, utilities) contributed to higher operating income compared to Q1 2024.
Manufacturing and fixed costs related to operating global chemical plants
Operating global chemical plants at reduced rates has directly impacted fixed cost absorption. The Chemicals Segment recognized significant unabsorbed fixed production costs due to lower operating rates at its facilities. This cost is a major drag on profitability when volumes are down. For the third quarter of 2025, these unabsorbed fixed costs were approximately $27 million. For the second quarter of 2025, this figure was approximately $20 million. Over the first nine months of 2025, the segment recognized approximately $45 million in additional unabsorbed fixed production costs compared to the prior year period.
Increased interest expense due to higher debt levels post-LPC acquisition
Higher overall debt levels, largely stemming from the 2024 Louisiana Pigment Company, L.P. (LPC) acquisition and associated debt transactions, have pushed interest expense higher. For the first nine months of 2025, interest expense increased by $5.3 million compared to the same period in 2024. This was driven by both higher overall debt levels and higher average interest rates. At September 30, 2025, Valhi, Inc.'s total debt stood at $662.3 million. For the third quarter of 2025 alone, interest expense was $1.5 million higher than in Q3 2024.
Here's a quick look at the interest expense trend for the periods reported:
| Period Ended September 30, 2025 | Interest Expense (Millions USD) | Change vs. Prior Year Period |
| Third Quarter 2025 | Not explicitly stated, but increased by $1.5 million | Increased $1.5 million vs. Q3 2024 |
| First Nine Months 2025 | Not explicitly stated, but increased by $5.3 million | Increased $5.3 million vs. 9M 2024 |
Development costs for real estate parcels (e.g., infrastructure, permits)
Costs associated with real estate development are often offset by revenue recognition, which is dependent on spending for those activities. While direct development cost figures aren't detailed as an expense line item here, the Real Estate Management and Development Segment did report receiving significant infrastructure reimbursement. Year-to-date through Q3 2025, this segment aided consolidated results by recognizing $34.2 million in tax-increment infrastructure reimbursement.
Selling, general, and administrative (SG&A) expenses for corporate overhead
Corporate overhead, which includes Selling, General, and Administrative (SG&A) expenses, has shown variability. For the first nine months of 2025, corporate expenses were comparable to the same period in 2024. However, the third quarter of 2025 saw corporate expenses rise by 11% compared to Q3 2024, primarily due to higher litigation fees and related costs. This contrasts with the first six months of 2025, where corporate expenses were 5% lower year-over-year.
The overall corporate expense profile for the year-to-date periods looks like this:
- First Quarter 2025: Comparable to Q1 2024.
- First Six Months 2025: 5% lower than H1 2024.
- Third Quarter 2025: 11% higher than Q3 2024.
- First Nine Months 2025: Comparable to 9M 2024.
To be fair, the 2024 annual figure for Total Operating Expenses was $256.70 million, giving you a baseline for the overall overhead structure.
Finance: draft 13-week cash view by Friday.
Valhi, Inc. (VHI) - Canvas Business Model: Revenue Streams
You're looking at how Valhi, Inc. (VHI) actually brings in the money across its different operations as of late 2025. It's not just one thing; it's a mix of industrial chemicals, manufactured components, and real estate activity.
The bulk of the revenue comes from the Chemicals Segment, which is primarily through its majority-controlled subsidiary, Kronos Worldwide, Inc. For the first nine months of 2025, net sales from this segment totaled approximately $1.4 billion. This figure reflects the sales of value-added titanium dioxide pigments, or TiO2, used in various applications. To be fair, this was slightly lower than the prior year, with net sales for the first nine months of 2025 being 2% lower than the same period in 2024.
Next up is the Component Products Segment, operated through CompX International, Inc. This segment brought in net sales of $120.6 million for the first nine months of 2025. This revenue stream is built on manufacturing security products and marine components.
The third main source of revenue comes from the Real Estate Management and Development Segment, which includes operations through Basic Management, Inc. and The LandWell Company. Land sales revenue, which is recognized over time based on development activity, totaled $20.8 million for the first nine months of 2025. This was a decrease from the $52.4 million recognized in the first nine months of 2024.
Here's a quick look at the segment sales performance for the first nine months of 2025:
| Revenue Stream Source | Net Sales (First Nine Months of 2025) |
| Chemicals Segment | $1.4 billion |
| Component Products Segment | $120.6 million |
| Real Estate Management and Development Segment (Land Sales) | $20.8 million |
Finally, there is the stream related to subsidiary holdings, which manifests as dividend income received by Valhi, Inc. While the exact income amount received by the holding company isn't explicitly detailed in the segment breakdown, the regular cash flow from these ownership stakes is a key part of the model. For instance, the quarterly dividend declared to Valhi, Inc. shareholders was $0.0800 per share recently, with an annual dividend of $0.32 per share reported.
You can see the quarterly dividend pattern clearly:
- Payout Frequency: Quarterly
- Last Paid Amount (per share): $0.0800
- Upcoming Ex-Dividend Date (as of late 2025): November 21, 2025
- Annual Dividend (per share): $0.32
Finance: draft 13-week cash view by Friday.
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