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 major international producer of titanium dioxide products, and its news flow reflects the dynamics of the titanium dioxide pigment market and the company’s financial performance. This page aggregates news releases, earnings announcements and other public updates related to KRO stock.
Company press releases furnished on Form 8-K frequently cover quarterly and year-to-date results, highlighting changes in net income or loss, TiO2 sales volumes, average TiO2 selling prices, product mix, production volumes and fixed cost absorption. These earnings updates often discuss how operating rates at TiO2 production facilities, raw material and energy costs, distribution and warehousing costs, and currency exchange rates affect reported segment profit and EBITDA.
Investors following Kronos Worldwide news will also see capital markets and financing announcements, such as private offerings of euro-denominated 9.50% senior secured notes due 2029 issued by its subsidiary Kronos International, Inc. The related filings describe the use of proceeds, key terms of the notes, and covenants that apply to the company and its subsidiaries. These items help readers understand how Kronos Worldwide manages its capital structure and upcoming debt maturities.
Another recurring category of news involves dividend declarations and corporate governance events. The company has issued press releases announcing regular quarterly dividends on its common stock, as well as the results of its annual stockholder meeting, including director elections and advisory votes on executive compensation.
Because Kronos Worldwide operates in a cyclical industry, its news releases often include commentary on demand trends, tariffs, trade tensions, competition, and other risk factors that may influence future results. By reviewing the news feed on this page, readers can track how management describes current market conditions, operational decisions and strategic actions affecting KRO.
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Kronos Worldwide reported a net loss of $19.9 million, or $.18 per share, for Q4 2022, a decline from $31.6 million net income in Q4 2021. For 2022, net income was $104.5 million, down from $112.9 million in 2021. Contributing factors include lower sales volumes, higher production costs, and unfavorable currency exchange rates, which collectively decreased net sales by 31% in Q4 and maintained consistency at $1.9 billion for the full year. TiO2 sales volumes fell 40% in Q4 2022 compared to Q4 2021. Despite these challenges, average TiO2 selling prices rose 15% in Q4 and 21% for the full year. EBITDA for Q4 2022 was ($8.2 million), a significant drop from $62.6 million in Q4 2021.
Kronos Worldwide, Inc. (NYSE: KRO) has declared a regular quarterly dividend of $0.19 per share, set to be paid on March 16, 2023. Shareholders must be on record by the close of business on March 7, 2023 to receive the dividend. This announcement underscores Kronos' commitment to return value to its shareholders. As a major international producer of titanium dioxide products, the company continues to demonstrate its stability in the market.
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.