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 (NYSE: KRO) reported a net income of $10.2 million, or $0.09 per share, for Q4 2020, up from $9.4 million, or $0.08 per share, in Q4 2019. Full-year net income fell to $63.9 million, or $0.55 per share, compared to $87.1 million, or $0.75 per share, in 2019. Q4 net sales were $414.9 million, an 11% increase year-over-year, while full-year sales decreased 5% to $1.6 billion. The company cited improved demand in Q4 but noted ongoing challenges from lower sales volumes and selling prices throughout 2020 due to the COVID-19 pandemic.
Kronos Worldwide, Inc. (NYSE: KRO) has declared a quarterly dividend of $0.18 per share, scheduled for payment on March 18, 2021. Stockholders must be on record by the close of business on March 9, 2021 to receive this dividend. Known for its production of titanium dioxide products, Kronos is positioned as a leading player in the international market.
Kronos Worldwide reported a net income of $8.1 million in Q3 2020, a decline from $17.9 million in Q3 2019. For the first nine months, net income totaled $53.7 million, down from $77.7 million year-on-year. The decline was attributed to lower sales volumes and TiO2 selling prices, significantly impacted by the COVID-19 pandemic. Net sales also decreased by 5% in Q3 and 10% year-to-date, influenced by fluctuating demand across global markets. Segment profit fell to $22.7 million in Q3 2020 from $36.8 million in Q3 2019.
Kronos Worldwide, Inc. (NYSE: KRO) has declared a quarterly dividend of $0.18 per share on its common stock. This dividend will be paid on December 10, 2020 to stockholders of record as of December 1, 2020. Kronos is recognized as a significant international producer of titanium dioxide products, highlighting its commitment to providing returns to its shareholders.
Kronos Worldwide, Inc. (NYSE: KRO) has declared a quarterly dividend of $0.18 per share, reflecting the company's commitment to returning value to shareholders. This dividend will be payable on September 10, 2020, to stockholders of record as of September 1, 2020. As a key player in the titanium dioxide market, Kronos continues to maintain its financial stability despite market fluctuations, ensuring its shareholders benefit from consistent dividends.
Kronos Worldwide reported a net income of $18.6 million or $0.16 per share for Q2 2020, down from $29.5 million or $0.25 per share in Q2 2019. For the first half of 2020, net income was $45.6 million, down 24% year-over-year.
Net sales for Q2 2020 were $386 million, a 20% decline from the previous year, primarily due to lower TiO2 sales volumes and pricing, impacted by the COVID-19 pandemic. Segment profit also fell to $37 million from $51.1 million in Q2 2019. Currency fluctuations further contributed to decreased sales.
Kronos Worldwide, Inc. (NYSE: KRO) has declared a quarterly dividend of $0.18 per share, payable on June 18, 2020, to stockholders of record by the close of business on June 9, 2020. Additionally, during its 2020 annual stockholder meeting, KRO's stockholders elected seven directors for a one-year term and approved a nonbinding advisory resolution on the compensation of named executive officers as outlined in the proxy statement. Kronos is a leading international producer of titanium dioxide products.
Kronos Worldwide reported a net income of $27.0 million in Q1 2020, down from $30.3 million in Q1 2019, reflecting lower sales volumes and higher production costs. Total net sales reached $421.0 million, a 4% decrease year-over-year. TiO2 sales volumes fell 5%, particularly in North America and Latin America, while average selling prices remained stable. The company anticipates a decline in sales and earnings for the remainder of 2020 due to uncertainties from the COVID-19 pandemic, although its operations were minimally affected in Q1.