Kronos Worldwide Q4 2021 net income triples to $0.28/sh; revenue up 20%

KRONOS WORLDWIDE INC

Q4 net income $31.6M ($0.28 EPS) vs $10.2M ($0.09 EPS) in Q4 2020; full-year EPS $0.98 vs $0.55.
Q4 net sales $496M, up 20% YoY; full-year sales $1.9B, up 18%.
TiO2 segment profit Q4 $55.6M (Q4 2020: $23.4M); full-year $202.2M ($130.3M).
Average TiO2 selling prices rose 17% YoY in Q4; production at full capacity (100% utilization).
EBITDA Q4 $62.6M vs $30.7M; full-year EBITDA $224.3M vs $157.1M.

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