Kronos Worldwide Inc SEC Filings

Kronos Worldwide (KRO) reported weaker results. Q3 2025 net sales were $456.9 million, down 6% year over year, with gross margin falling to 10% from 21%. The company posted a net loss of $37.0 million, versus $71.8 million of net income a year ago. Management cited lower TiO2 selling prices and reduced production rates that drove approximately $27 million of unabsorbed fixed costs in the quarter.

For the first nine months, net sales were $1.44 billion (down 2%) and net loss was $28.1 million. Operating cash flow used was $89.6 million, reflecting inventory positioning and lower absorption. Interest expense increased, and income tax expense includes a non-cash $19.3 million charge tied to Germany’s corporate tax rate reduction. Debt rose as KII issued an additional €75 million of 9.50% senior secured notes due 2029 to refinance 3.75% notes; long-term debt increased to $626.2 million, and the Global Revolver was upsized to $350 million with $70.2 million outstanding.

Kronos Worldwide, Inc., through its wholly owned subsidiary Kronos International, Inc., completed an institutional private placement of €75 million aggregate principal amount of 9.50% senior secured notes due 2029 as additional notes to its existing 9.50% senior secured notes.

The company reports net proceeds of approximately €77.3 million (about $90.4 million) after fees and expenses, which were used to pay amounts due at maturity on its 3.75% Senior Secured Notes due September 15, 2025, with any remaining proceeds earmarked for general corporate purposes. The new and existing notes form one series under the indenture, bear interest at 9.50% per year payable semi-annually on March 15 and September 15, and mature on March 15, 2029.

The notes are fully and unconditionally guaranteed on a senior secured basis by the company and certain domestic subsidiaries and are secured by pledged equity interests. The indenture includes covenants limiting additional debt, liens, restricted payments, affiliate transactions, and asset transfers, with some covenants suspended if the notes achieve specified investment-grade ratings and no default is continuing.

Kronos Worldwide, Inc. reported that its wholly owned subsidiary, Kronos International, Inc., has agreed to sell €75 million principal amount of senior secured notes due 2029 in an institutional private placement. This transaction effectively means the company is raising debt financing from institutional investors rather than through a public bond market.

The notes offering is expected to close on or about September 15, 2025, subject to customary closing conditions, so the funds are not yet available. The company emphasized that this notice and the related press release are not an offer to sell or a solicitation to buy the notes, and cautioned that statements about the offering are forward-looking and subject to risks described in its most recent annual and quarterly reports.

Kronos Worldwide, Inc. disclosed a range of material risks affecting its titanium dioxide (TiO2) business, focusing on factors that could reduce demand, raise costs or interrupt operations. Key vulnerabilities include shifts in supply and demand, tariff or trade barriers, raw material and energy cost fluctuations, industry capacity changes, and customer or competitor consolidation. The company also highlighted operational risks such as labor disputes, natural disasters, unplanned downtime and technology disruptions including cyber attacks that could affect production or the supply chain. Financial and regulatory exposures cited include currency volatility, interest-rate and refinancing risks, covenant compliance, liquidity constraints, tax matters, environmental and health-and-safety regulations, and pending or potential litigation.

The disclosure is a broad risk summary identifying many external and internal risks that could materially affect operations, costs and demand for the company’s TiO2 products. It references filings' Risk Factors for additional detail.

Kronos Worldwide insider Kristin B. McCoy, Executive Vice President, Global Tax, reported a purchase of 2,000 shares of Kronos Worldwide, Inc. (KRO) on 08/15/2025 at a reported price of $6.05 per share. Following the transaction the filing lists 2,000 shares beneficially owned. The Form 4 was signed by an attorney-in-fact on behalf of Ms. McCoy on 08/18/2025. The filing indicates the purchase was reported under transaction code P (purchase).

Andrew B. Nace, Executive Vice President of Kronos Worldwide, Inc. (KRO), reported multiple open-market purchases of company common stock on 08/13/2025. The Form 4 shows four purchases totaling 3,000 shares at prices between $5.76 and $5.98. After these transactions his reported direct beneficial ownership equals 19,453.147 shares.

Bryan A. Hanley, Senior VP and Treasurer of Kronos Worldwide, Inc. (KRO), reported acquiring 2,500 shares of the company's common stock on 08/11/2025 at a reported price of $4.90 per share. The transaction increased his direct beneficial ownership to 6,000 shares. The Form 4 was signed by an attorney-in-fact on behalf of Mr. Hanley.

Bart W. Reichert, Vice President, Internal Audit of Kronos Worldwide (KRO), reported acquiring 20,000 shares of common stock on 08/11/2025 at a price of $4.96 per share, bringing his direct beneficial ownership to 20,000 shares. The disclosure on Form 4 shows a non-derivative purchase only; no derivative transactions are reported and the form was submitted by one reporting person through an attorney-in-fact.