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Kronos Worldwide Inc (KRO) is a leading producer of titanium dioxide pigments essential for industrial coatings, plastics, and specialty applications. This page serves as the definitive source for official company announcements and market-relevant updates.
Investors and industry professionals will find curated press releases detailing financial results, production innovations, and strategic initiatives. Our repository includes updates on rutile/anatase pigment developments, environmental compliance measures, and global market expansions.
Key content categories cover quarterly earnings reports, manufacturing process enhancements, and industry partnership announcements. Stay informed about KRO's role in advancing coating technologies and specialty chemical solutions.
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Kronos Worldwide (NYSE: KRO), a major international producer of titanium dioxide products, has announced its plans to release its first quarter 2025 earnings report. The company expects to publish the results after market close on Wednesday, May 7, 2025, pending the completion of quarter-end closing procedures.
Kronos Worldwide (NYSE:KRO) reported Q4 2024 results with a net loss of $13.2 million (-$0.12 per share), compared to a $5.3 million loss (-$0.05 per share) in Q4 2023. For full-year 2024, net income was $86.2 million ($0.75 per share) versus a loss of $49.1 million in 2023.
Q4 2024 net sales increased 6% to $423.1 million, driven by 4% higher TiO2 sales volumes and 2% higher selling prices. Full-year 2024 sales rose 13% to $1.9 billion despite 5% lower average TiO2 prices, offset by 20% higher sales volumes.
Key highlights include:
- Acquisition of remaining 50% stake in Louisiana Pigment Company, resulting in a $64.5 million non-cash gain
- Production capacity utilization increased to 96% in 2024 vs 72% in 2023
- Q4 TiO2 segment profit of $33.1 million compared to $1.3 million loss in Q4 2023
- Improved demand across all major markets with lower production costs in energy and raw materials
Kronos Worldwide (NYSE: KRO), a major international producer of titanium dioxide products, has announced its board of directors has declared a regular quarterly dividend of $0.05 per share on its common stock. The dividend will be payable on March 20, 2025 to stockholders of record at the close of business on March 11, 2025.
Kronos Worldwide reported significant financial improvements in Q3 2024, with net income of $71.8 million ($0.62 per share) compared to a net loss of $20.4 million in Q3 2023. Net sales increased 22% to $484.7 million, driven by 21% higher TiO2 sales volumes and improved demand across major markets. The company acquired the remaining 50% stake in Louisiana Pigment Company, recognizing a non-cash gain of $64.5 million. Production volumes increased 37% year-over-year, with capacity utilization reaching 93% in the first nine months of 2024. Despite these improvements, average TiO2 selling prices were 1% lower compared to Q3 2023.
Kronos Worldwide (NYSE: KRO) has announced a quarterly dividend of $0.05 per share on its common stock. The dividend will be paid on December 12, 2024 to stockholders of record as of the close of business on November 29, 2024. Kronos Worldwide is a major international producer of titanium dioxide products.
Kronos Worldwide (NYSE:KRO) reported net income of $19.5 million ($0.17 per share) in Q2 2024, compared to a net loss of $8.2 million in Q2 2023. Net sales increased 13% to $500.5 million in Q2 2024. The improvement was driven by higher sales volumes (+29%) and production volumes (+54%), partially offset by lower average TiO2 selling prices (-8%). The company's TiO2 segment profit was $41.1 million in Q2 2024, up from a loss of $2.3 million in Q2 2023. Kronos also acquired the remaining 50% stake in Louisiana Pigment Company for $185 million upfront and a potential $15 million earn-out. The acquisition was financed through a $132 million borrowing and cash on hand. The company expects this move to strengthen its competitive position and generate significant synergies.
Kronos Worldwide, Inc. (NYSE: KRO) announced that its subsidiary, Kronos International, Inc. (KII), will issue an additional €75 million of 9.50% Senior Secured Notes due 2029 through a private placement. These notes will be added to the existing €276,174,000 of notes issued in February 2024. Priced at a premium of 107.50%, the offering is expected to yield approximately €80,625,000 (about $87,500,000) before fees.
The proceeds will be used to repay a portion of the company's global revolving credit facility with Wells Fargo, which was used for the recent acquisition of the remaining equity interest in Louisiana Pigment Company, L.P. The notes will be guaranteed by Kronos Worldwide and its domestic subsidiaries, secured by first-priority interests in certain assets. The offering, oversubscribed and to qualified institutional buyers, is expected to close around July 30, 2024.
Kronos Worldwide (NYSE: KRO) announced a private offering of €75 million in additional 9.50% Senior Secured Notes due 2029 through its subsidiary, Kronos International. These notes will supplement the existing €276,174,000 in notes issued on February 12, 2024. The new notes will have identical terms to the existing ones, except for the issue date and price. Kronos Worldwide and its domestic subsidiaries will fully guarantee the notes, which will be secured by first-priority interests in certain company assets.
The offering's completion depends on market conditions. Proceeds will be used to repay part of Kronos' global revolving credit facility with Wells Fargo, which was used for the recent acquisition of the remaining equity in Louisiana Pigment Company, a TiO2 production facility. This private placement is only available to qualified institutional buyers and non-U.S. persons in offshore transactions, in compliance with Securities Act regulations.
Kronos Worldwide, Inc. (NYSE: KRO) has announced three significant developments:
1. Acquisition: Kronos has acquired the remaining 50% joint venture interest in Louisiana Pigment Company, L.P. (LPC) for $185 million upfront, with a potential $15 million earn-out. This makes LPC a wholly-owned subsidiary of Kronos.
2. Credit Facility Amendment: Kronos has amended its global revolving credit facility with Wells Fargo, increasing the maximum borrowing amount from $225 million to $300 million and extending the maturity date to 2029.
3. Dividend Reduction: The company has declared a quarterly dividend of $0.05 per share, a decrease of $0.14 compared to the previous quarter, to focus on maintaining a strong balance sheet and evaluating strategic investment opportunities.
Kronos Worldwide (NYSE: KRO) announced on May 15, 2024, that its board of directors has declared a regular quarterly dividend of $0.19 per share on its common stock. The dividend is payable on June 20, 2024, to stockholders of record at the close of business on June 10, 2024.
At the 2024 annual stockholder meeting, the stockholders elected directors including James M. Buch, Loretta J. Feehan, John E. Harper, Kevin B. Kramer, Meredith W. Mendes, Cecil H. Moore, Jr., Michael S. Simmons, and R. Gerald Turner for a one-year term. Additionally, a resolution approving the compensation of named executive officers on a nonbinding advisory basis was adopted.
Kronos Worldwide is a significant producer of titanium dioxide products.
