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 (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.
Bookmark this page for direct access to primary source materials about titanium dioxide market dynamics and Kronos Worldwide's operational milestones. Regular updates ensure you maintain current awareness of this chemical sector innovator.
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.
FAQ
What is the current stock price of Kronos Worldwide (KRO)?
What is the market cap of Kronos Worldwide (KRO)?
