Welcome to our dedicated page for Kronos Worldwide news (Ticker: KRO), a resource for investors and traders seeking the latest updates and insights on Kronos Worldwide stock.
Kronos Worldwide, Inc. (NYSE: KRO) is a globally recognized manufacturer and marketer of titanium dioxide pigments (TiO2), which are essential in imparting whiteness, brightness, opacity, and durability to a diverse range of products. The company operates in various regions including Europe, North America, the Asia Pacific, and internationally, ensuring a global reach.
TiO2 is produced in two primary crystalline forms, rutile and anatase, each offering unique properties that make them suitable for different applications. Kronos Worldwide’s TiO2 is widely used in products such as paints, coatings, plastics, paper, fibers, and ceramics. Additionally, TiO2 finds specialized uses in inks, food, and cosmetics, showcasing the versatility of the pigment.
Beyond TiO2, Kronos Worldwide is involved in producing ilmenite, which is a vital feedstock for sulfate-process TiO2 plants, and iron-based chemicals employed as treatment agents for industrial effluents and municipal wastewater. The company also manufactures titanium oxychloride and titanyl sulfate, which are used in the formulation of pearlescent pigments, electroceramic capacitors, natural gas pipes, and other specialized applications.
The company’s products play a pivotal role in various sectors, with significant portions of sales coming from coatings applied to automobiles, aircraft, machinery, appliances, and both commercial and residential structures. Additionally, TiO2 is crucial in plastics used for packaging materials, food packaging, housewares, appliances, toys, and computer cases. A substantial portion of the company's revenue is generated from the United States.
Recent achievements and ongoing projects reflect Kronos Worldwide’s commitment to innovation and sustainability in its operations, reinforcing its position as a leader in the TiO2 market. The company continuously invests in research and development to enhance product quality and expand its application spectrum.
For the latest updates, financial performance, and developments, investors can contact Bryan A. Hanley, the Senior Vice President & Treasurer, at (972) 233-1700.
Kronos Worldwide (NYSE: KRO) reported a third-quarter net income of $21.0 million ($0.18 per share) for 2022, down from $36.0 million ($0.31 per share) in 2021. Year-to-date, net income reached $124.4 million ($1.08 per share), an increase from $81.3 million ($0.70 per share) in 2021. Q3 net sales were $459.6 million, an 8% decline year-over-year, primarily due to reduced sales volumes. Despite lower sales volumes, average TiO2 selling prices increased by 21%. Currency fluctuations negatively impacted sales by approximately $31 million for the quarter and $83 million year-to-date.
Kronos Worldwide, Inc. (NYSE: KRO) has declared a quarterly dividend of $0.19 per share on its common stock. This dividend is scheduled for payment on December 15, 2022, to stockholders who are on record by the close of business on December 1, 2022.
The company is a key international producer of titanium dioxide products, which serve various industries. This dividend announcement reflects the company's ongoing commitment to returning value to its shareholders.
Kronos Worldwide, Inc. (NYSE: KRO) reported a net income of $45.9 million ($0.40 per share) for Q2 2022, rising from $25.7 million ($0.22 per share) in Q2 2021. Year-to-date, net income reached $103.4 million ($0.90 per share), compared to $45.3 million ($0.39 per share) in the same 2021 period. Strong results were driven by a 18% increase in net sales to $565.3 million for Q2 2022 and 20% growth to $1.1 billion for the first half of 2022, mainly due to higher TiO2 selling prices, despite a 1% drop in sales volumes.
Kronos Worldwide, Inc. (NYSE: KRO) has declared a quarterly dividend of $0.19 per share on its common stock. The dividend is payable on September 15, 2022, to stockholders of record by the close of business on September 1, 2022. As a significant producer of titanium dioxide products, Kronos continues to provide returns to its shareholders.
Kronos Worldwide, Inc. (NYSE: KRO) declared a quarterly dividend of $0.19 per share, payable on June 16, 2022, to stockholders of record by June 6, 2022. During its 2022 annual stockholder meeting, shareholders elected new board members and approved the compensation for executive officers. The board size increased from seven to nine members, with R. Colin Gouveia and James M. Buch elected to fill the new seats. Kronos is a leading global manufacturer of titanium dioxide products.
Kronos Worldwide, Inc. (NYSE: KRO) reported a net income of $57.5 million, or $0.50 per share, for Q1 2022, up from $19.6 million, or $0.17 per share, in Q1 2021. Net sales reached $562.9 million, a 21% increase year-over-year, driven by higher TiO2 selling prices, which were 24% higher, and improved sales volumes. The TiO2 segment profit rose to $86.8 million from $38.1 million a year earlier. Production volumes increased by 6%, with facilities operating at full capacity. However, currency fluctuations impacted net sales negatively by approximately $22 million.
Kronos Worldwide (NYSE: KRO) announced a significant increase in net income for Q4 2021, reporting $31.6 million ($0.28 per share), up from $10.2 million ($0.09 per share) in Q4 2020. For the full year 2021, net income rose to $112.9 million ($0.98 per share) from $63.9 million ($0.55 per share) in 2020. Net sales in Q4 2021 were $496 million, a 20% increase year-over-year, driven by higher TiO2 selling prices. Full-year net sales reached $1.9 billion, an 18% rise compared to 2020. Production levels and sales volumes improved due to increased global economic activity.
Kronos Worldwide, Inc. (NYSE: KRO) has announced a $0.01 increase in its quarterly dividend, bringing it to $0.19 per share. The new dividend will be payable on March 17, 2022, to stockholders recorded as of March 8, 2022. This reflects Kronos's commitment to returning value to its shareholders despite market fluctuations. Kronos Worldwide is recognized as a leading global producer of titanium dioxide products, essential across various industries.
Kronos Worldwide reported a net income of $36.0 million for Q3 2021, up from $8.1 million in Q3 2020, reflecting improved sales volumes and average TiO2 prices. Net sales reached $499.8 million, a 20% increase year-over-year. For the first nine months of 2021, net income was $81.3 million, compared to $53.7 million in the same period in 2020. TiO2 sales volumes rose by 6% in Q3 2021 due to higher demand in Europe and North America. The company's EBITDA soared to $65.5 million in Q3 2021 from $28.6 million in Q3 2020.
Kronos Worldwide has declared a quarterly dividend of $0.18 per share on its common stock, with a payment date set for December 16, 2021. Shareholders on record by the close of business on December 2, 2021 will be eligible to receive this dividend. The company is recognized as a significant global producer of titanium dioxide products.
FAQ
What is the current stock price of Kronos Worldwide (KRO)?
What is the market cap of Kronos Worldwide (KRO)?
What does Kronos Worldwide, Inc. produce?
Where does Kronos Worldwide, Inc. operate?
What are the primary applications of TiO2 produced by Kronos Worldwide?
What are the two crystalline forms of TiO2 produced by Kronos?
What other products does Kronos Worldwide manufacture?
How is Kronos Worldwide contributing to environmental sustainability?
What are some specialty uses of TiO2?
Who can be contacted for investor relations at Kronos Worldwide?
Where does the majority of Kronos Worldwide's revenue come from?
What industries benefit from Kronos Worldwide's TiO2 products?
