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, 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.
Kronos Worldwide reported a net income of $36.0 million for Q3 2021, up from $8.1 million in Q3 2020, reflecting improved sales volumes and average TiO2 prices. Net sales reached $499.8 million, a 20% increase year-over-year. For the first nine months of 2021, net income was $81.3 million, compared to $53.7 million in the same period in 2020. TiO2 sales volumes rose by 6% in Q3 2021 due to higher demand in Europe and North America. The company's EBITDA soared to $65.5 million in Q3 2021 from $28.6 million in Q3 2020.
Kronos Worldwide has declared a quarterly dividend of $0.18 per share on its common stock, with a payment date set for December 16, 2021. Shareholders on record by the close of business on December 2, 2021 will be eligible to receive this dividend. The company is recognized as a significant global producer of titanium dioxide products.
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.