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Kronos Worldwide, Inc. - KRO STOCK NEWS

Welcome to our dedicated news page for Kronos Worldwide (Ticker: KRO), a resource for investors and traders seeking the latest updates and insights on Kronos Worldwide.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Kronos Worldwide's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Kronos Worldwide's position in the market.

Rhea-AI Summary
Kronos Worldwide, Inc. (KRO) reported a net loss of $5.3 million in Q4 2023, an improvement from Q4 2022, but a full-year net loss of $49.1 million compared to net income in 2022. The company faced challenges due to lower sales volumes, TiO2 selling prices, and production volumes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.65%
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-
Rhea-AI Summary
Kronos Worldwide, Inc. (KRO) declares a quarterly dividend of $0.19 per share, reinforcing its commitment to shareholders. The dividend is payable on March 14, 2024, to stockholders of record on March 5, 2024. Kronos is a leading global producer of titanium dioxide products.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.23%
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dividends
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Rhea-AI Summary
Kronos Worldwide, Inc. announced the early tender results for the exchange offer of 3.75% Senior Secured Notes due 2025 for 9.50% Senior Secured Notes due 2029. The aggregate principal amount of Old Notes validly tendered and not validly withdrawn is €374,035,000. The Company does not expect to accept any additional Old Notes for exchange. The Company has also received the requisite number of consents to adopt the Proposed Amendments. The Exchange Offer is subject to certain conditions and will expire on February 21, 2024.
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Rhea-AI Sentiment
End-of-Day
0.33%
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none
Rhea-AI Summary
Kronos Worldwide, Inc. has announced an exchange offer for its 3.75% Senior Secured Notes due 2025 for newly issued 9.50% Senior Secured Notes due 2029, with additional cash consideration. The offer also includes a Consent Solicitation and an Additional New Notes Offering. The exchange offer is subject to certain conditions and will expire on February 21, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.38%
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none
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Rhea-AI Summary
Kronos Worldwide, Inc. reports a net loss of $20.4 million in Q3 2023 compared to net income of $21.0 million in Q3 2022. For the first nine months of 2023, the company reported a net loss of $43.8 million compared to net income of $124.4 million in the same period of 2022. The decrease in net income is primarily due to lower sales volumes and lower average TiO2 selling prices. Net sales in Q3 2023 were $62.7 million lower than in Q3 2022, and net sales for the first nine months of 2023 were $321.4 million lower than in the same period of 2022. TiO2 sales volumes were lower in both Q3 and the first nine months of 2023 compared to the same periods of 2022. The company's TiO2 segment also reported a loss in Q3 2023 and the first nine months of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.95%
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Rhea-AI Summary
Kronos Worldwide, Inc. declares a regular quarterly dividend of $0.19 per share on its common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.49%
Tags
dividends
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.98%
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dividends
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.98%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.42%
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dividends
Rhea-AI Summary
Kronos Worldwide reports a net loss of $15.2 million in Q1 2023, compared to net income of $57.5 million in Q1 2022. Net sales decreased by 24% to $426.3 million. TiO2 sales volumes were 29% lower, but average TiO2 selling prices were 4% higher. TiO2 segment profit decreased from $86.8 million to a loss of $14.8 million. EBITDA decreased from $93.2 million to ($5.0) million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.46%
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Kronos Worldwide, Inc.

NYSE:KRO

KRO Rankings

KRO Stock Data

1.31B
21.54M
81.28%
15.54%
0.71%
All Other Miscellaneous Chemical Product and Preparation Manufacturing
Manufacturing
Link
US
Dallas

About KRO

kronos worldwide, inc. produces and markets titanium dioxide pigments (tio2) in europe, north america, the asia pacific, and internationally. the company produces tio2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, including paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, foods, and cosmetics. it also produces ilmenite, a raw material used directly as a feedstock by sulfate-process tio2 plants; iron-based chemicals, which are used as treatment and conditioning agents for industrial effluents and municipal wastewater, as well as in the manufacture of iron pigments, cement, and agricultural products; titanium oxychloride for use in the formulation of pearlescent pigments, and production of electroceramic capacitors for cell phones and other electronic devices; and titanyl sulfate that is used in pearlescent pigments, natural gas pipe, and other sp