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. (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.
Kronos Worldwide (NYSE: KRO) reported a net income of $25.7 million ($.22/share) in Q2 2021, up from $18.6 million ($.16/share) in Q2 2020. For the first six months, net income totaled $45.3 million ($.39/share), slightly down from $45.6 million in the same period in 2020. Q2 2021 net sales reached $478.6 million, a 24% increase year-over-year. The rise was attributed to higher sales volumes and TiO2 prices, despite increased manufacturing costs. Average capacity utilization was 99% in H1 2021, up from 95% in 2020.
Kronos Worldwide, Inc. (NYSE: KRO) has declared a quarterly dividend of $0.18 per share, payable on June 17, 2021, to stockholders of record by June 7, 2021. The announcement was made during the company's 2021 annual stockholder meeting, where shareholders elected several directors for a one-year term and approved executive compensation disclosures in a nonbinding advisory vote. Kronos Worldwide is recognized as a significant producer of titanium dioxide products.
Kronos Worldwide (NYSE:KRO) reported a net income of $19.6 million (or $0.17 per share) in Q1 2021, down from $27.0 million (or $0.23 per share) in Q1 2020. The decline was attributed to lower income from operations, despite a 10% increase in net sales at $465.0 million, driven by higher sales volumes. TiO2 sales volumes rose by 3% year-over-year, although average selling prices dropped by 1%. EBITDA decreased to $43.3 million from $54.9 million in the previous year, impacted by currency fluctuations and lower TiO2 prices.