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. reports developments tied to its role as an international producer of titanium dioxide products. Company updates center on TiO2 selling prices, sales volumes, production levels, raw material and energy costs, currency effects and regional demand across North American, European, Latin American and export markets.
News also covers quarterly and annual earnings releases, board-declared cash dividends on common stock, cost-reduction and operating realignment initiatives, pension-related items and product mix changes. Kronos' titanium dioxide pigments are used in coatings and plastics applications, including automotive, aircraft, machinery, appliances, traffic paint, packaging, housewares, toys and computer cases.
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.
Kronos Worldwide, Inc. (NYSE: KRO) declared a quarterly dividend of $0.19 per share, payable on June 16, 2022, to stockholders of record by June 6, 2022. During its 2022 annual stockholder meeting, shareholders elected new board members and approved the compensation for executive officers. The board size increased from seven to nine members, with R. Colin Gouveia and James M. Buch elected to fill the new seats. Kronos is a leading global manufacturer of titanium dioxide products.
Kronos Worldwide, Inc. (NYSE: KRO) reported a net income of $57.5 million, or $0.50 per share, for Q1 2022, up from $19.6 million, or $0.17 per share, in Q1 2021. Net sales reached $562.9 million, a 21% increase year-over-year, driven by higher TiO2 selling prices, which were 24% higher, and improved sales volumes. The TiO2 segment profit rose to $86.8 million from $38.1 million a year earlier. Production volumes increased by 6%, with facilities operating at full capacity. However, currency fluctuations impacted net sales negatively by approximately $22 million.
Kronos Worldwide (NYSE: KRO) announced a significant increase in net income for Q4 2021, reporting $31.6 million ($0.28 per share), up from $10.2 million ($0.09 per share) in Q4 2020. For the full year 2021, net income rose to $112.9 million ($0.98 per share) from $63.9 million ($0.55 per share) in 2020. Net sales in Q4 2021 were $496 million, a 20% increase year-over-year, driven by higher TiO2 selling prices. Full-year net sales reached $1.9 billion, an 18% rise compared to 2020. Production levels and sales volumes improved due to increased global economic activity.
Kronos Worldwide, Inc. (NYSE: KRO) has announced a $0.01 increase in its quarterly dividend, bringing it to $0.19 per share. The new dividend will be payable on March 17, 2022, to stockholders recorded as of March 8, 2022. This reflects Kronos's commitment to returning value to its shareholders despite market fluctuations. Kronos Worldwide is recognized as a leading global producer of titanium dioxide products, essential across various industries.