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, Inc. (NYSE: KRO) has declared a quarterly dividend of $0.18 per share on its common stock. The dividend will be payable on September 16, 2021, to stockholders of record as of the close of business on September 2, 2021. As a prominent international producer of titanium dioxide products, this dividend reflects the company's ongoing commitment to returning value to its shareholders.
Kronos Worldwide (NYSE: KRO) reported a net income of $25.7 million ($.22/share) in Q2 2021, up from $18.6 million ($.16/share) in Q2 2020. For the first six months, net income totaled $45.3 million ($.39/share), slightly down from $45.6 million in the same period in 2020. Q2 2021 net sales reached $478.6 million, a 24% increase year-over-year. The rise was attributed to higher sales volumes and TiO2 prices, despite increased manufacturing costs. Average capacity utilization was 99% in H1 2021, up from 95% in 2020.
Kronos Worldwide, Inc. (NYSE: KRO) has declared a quarterly dividend of $0.18 per share, payable on June 17, 2021, to stockholders of record by June 7, 2021. The announcement was made during the company's 2021 annual stockholder meeting, where shareholders elected several directors for a one-year term and approved executive compensation disclosures in a nonbinding advisory vote. Kronos Worldwide is recognized as a significant producer of titanium dioxide products.
Kronos Worldwide (NYSE:KRO) reported a net income of $19.6 million (or $0.17 per share) in Q1 2021, down from $27.0 million (or $0.23 per share) in Q1 2020. The decline was attributed to lower income from operations, despite a 10% increase in net sales at $465.0 million, driven by higher sales volumes. TiO2 sales volumes rose by 3% year-over-year, although average selling prices dropped by 1%. EBITDA decreased to $43.3 million from $54.9 million in the previous year, impacted by currency fluctuations and lower TiO2 prices.
Kronos Worldwide (NYSE: KRO) reported a net income of $10.2 million, or $0.09 per share, for Q4 2020, up from $9.4 million, or $0.08 per share, in Q4 2019. Full-year net income fell to $63.9 million, or $0.55 per share, compared to $87.1 million, or $0.75 per share, in 2019. Q4 net sales were $414.9 million, an 11% increase year-over-year, while full-year sales decreased 5% to $1.6 billion. The company cited improved demand in Q4 but noted ongoing challenges from lower sales volumes and selling prices throughout 2020 due to the COVID-19 pandemic.
Kronos Worldwide, Inc. (NYSE: KRO) has declared a quarterly dividend of $0.18 per share, scheduled for payment on March 18, 2021. Stockholders must be on record by the close of business on March 9, 2021 to receive this dividend. Known for its production of titanium dioxide products, Kronos is positioned as a leading player in the international market.
Kronos Worldwide reported a net income of $8.1 million in Q3 2020, a decline from $17.9 million in Q3 2019. For the first nine months, net income totaled $53.7 million, down from $77.7 million year-on-year. The decline was attributed to lower sales volumes and TiO2 selling prices, significantly impacted by the COVID-19 pandemic. Net sales also decreased by 5% in Q3 and 10% year-to-date, influenced by fluctuating demand across global markets. Segment profit fell to $22.7 million in Q3 2020 from $36.8 million in Q3 2019.
Kronos Worldwide, Inc. (NYSE: KRO) has declared a quarterly dividend of $0.18 per share on its common stock. This dividend will be paid on December 10, 2020 to stockholders of record as of December 1, 2020. Kronos is recognized as a significant international producer of titanium dioxide products, highlighting its commitment to providing returns to its shareholders.
Kronos Worldwide, Inc. (NYSE: KRO) has declared a quarterly dividend of $0.18 per share, reflecting the company's commitment to returning value to shareholders. This dividend will be payable on September 10, 2020, to stockholders of record as of September 1, 2020. As a key player in the titanium dioxide market, Kronos continues to maintain its financial stability despite market fluctuations, ensuring its shareholders benefit from consistent dividends.
Kronos Worldwide reported a net income of $18.6 million or $0.16 per share for Q2 2020, down from $29.5 million or $0.25 per share in Q2 2019. For the first half of 2020, net income was $45.6 million, down 24% year-over-year.
Net sales for Q2 2020 were $386 million, a 20% decline from the previous year, primarily due to lower TiO2 sales volumes and pricing, impacted by the COVID-19 pandemic. Segment profit also fell to $37 million from $51.1 million in Q2 2019. Currency fluctuations further contributed to decreased sales.
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