earnings
confidence high
sentiment positive
materiality 0.80
Kronos Worldwide Q3 net income surges to $36M ($0.31/sh) from $8.1M; sales up 20%
KRONOS WORLDWIDE INC
2022-Q3 EPS reported
$0.70
revenue$1,443,400,000
- Net income Q3 2021: $36.0M ($0.31/sh) vs $8.1M ($0.07/sh) in Q3 2020; nine-month net income $81.3M ($0.70/sh) up from $53.7M ($0.46/sh).
- Net sales $499.8M, up 20% YoY; TiO2 sales volumes +6%, average selling prices +11%.
- TiO2 segment profit $60.8M vs $22.7M; EBITDA $65.5M vs $28.6M; production capacity utilization 100% in Q3.
- Company cites higher demand in European and North American markets driving improvement; partially offset by higher raw material and energy costs.