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 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.