Revenue: As of FY2025 Q3, the actual value is USD 503.5 M.EPS: As of FY2025 Q3, the actual value is USD -0.78.EBIT: As of FY2025 Q3, the actual value is USD 7.3 M.<h3>Chemicals Segment</h3><ul><li>Net Sales: $456.9 million for Q3 2025, a decrease of 6% from $484.7 million in Q3 2024. For the first nine months of 2025, net sales were $1,441.1 million, a decrease of 2% from $1,464.0 million in the same period in 2024.</li><li>Cost of Sales: $410.4 million for Q3 2025, an increase of 7% from $384.4 million in Q3 2024. For the first nine months of 2025, cost of sales were $1,225.9 million, an increase of 3% from $1,193.0 million in the same period in 2024.</li><li>Gross Margin: $46.5 million for Q3 2025, a decrease of 54% from $100.3 million in Q3 2024. For the first nine months of 2025, gross margin was $215.2 million, a decrease of 21% from $271.0 million in the same period in 2024.</li><li>Operating Income (Loss): Operating loss of $15.9 million for Q3 2025, compared to operating income of $42.6 million in Q3 2024. For the first nine months of 2025, operating income was $35.6 million, a decrease of 66% from $105.9 million in the same period in 2024.</li></ul><h3>Component Products Segment</h3><ul><li>Net Sales: $40.0 million for Q3 2025, an increase of 19% from $33.6 million in Q3 2024. For the first nine months of 2025, net sales were $120.6 million, an increase of 12% from $107.5 million in the same period in 2024.</li><li>Cost of Sales: $29.0 million for Q3 2025, an increase of 20% from $24.1 million in Q3 2024. For the first nine months of 2025, cost of sales were $84.5 million, an increase of 9% from $77.2 million in the same period in 2024.</li><li>Gross Margin: $11.0 million for Q3 2025, an increase of 16% from $9.5 million in Q3 2024. For the first nine months of 2025, gross margin was $36.1 million, an increase of 19% from $30.3 million in the same period in 2024.</li><li>Operating Income: $4.8 million for Q3 2025, an increase of 42% from $3.3 million in Q3 2024. For the first nine months of 2025, operating income was $17.0 million, an increase of 40% from $12.1 million in the same period in 2024.</li></ul><h3>Real Estate Management and Development Segment</h3><ul><li>Net Sales: $6.6 million for Q3 2025, a decrease of 57% from $15.3 million in Q3 2024. For the first nine months of 2025, net sales were $20.8 million, a decrease of 60% from $52.4 million in the same period in 2024.</li><li>Cost of Sales: $3.5 million for Q3 2025, a decrease of 60% from $8.8 million in Q3 2024. For the first nine months of 2025, cost of sales were $10.9 million, a decrease of 63% from $29.8 million in the same period in 2024.</li><li>Gross Margin: $3.1 million for Q3 2025, a decrease of 52% from $6.5 million in Q3 2024. For the first nine months of 2025, gross margin was $9.9 million, a decrease of 56% from $22.6 million in the same period in 2024.</li><li>Operating Income: $19.7 million for Q3 2025, a decrease of 10% from $21.8 million in Q3 2024. For the first nine months of 2025, operating income was $41.6 million, an increase of 16% from $36.0 million in the same period in 2024.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Chemicals Segment: The segment expects lower operating income for 2025 compared to 2024 due to decreased sales volumes and higher production costs. The segment is implementing cost reduction initiatives and expects to reduce operating rates in Q4 2025 to align with current demand levels.</li><li>Component Products Segment: The segment expects higher operating income in 2025 due to increased sales in the marine components market and higher sales to the government security market. The segment is also facing cost pressures from raw material price increases and tariff-related surcharges.</li><li>Real Estate Management and Development Segment: The segment expects to complete its land development obligations over the next two to three years and recognizes revenue over time using cost-based input methods. The segment also expects to spend approximately $30 million on land development costs during 2025.</li></ul>

Valhi | 10-Q: FY2025 Q3 Revenue: USD 503.5 M