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.
Kronos Worldwide, Inc. reported a net income of $8.1 million, or $.07 per share, in the first quarter of 2024, a significant improvement from a net loss of $15.2 million, or $.13 per share, in the first quarter of 2023. This positive result was driven by higher sales and production volumes, lower TiO2 selling prices, and decreased production costs. Net sales of $478.8 million in Q1 2024 were 12% higher than in Q1 2023, primarily due to stronger demand for TiO2 in major markets and increased sales volumes. TiO2 segment profit also saw a notable increase to $23.4 million in Q1 2024 from a loss of $14.8 million in Q1 2023. Overall, the company showed significant financial improvement in the first quarter of 2024 compared to the same period in 2023.
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