earnings
confidence high
sentiment positive
materiality 0.85
Kronos Worldwide Q1 net income $57.5M ($0.50/sh) vs $19.6M; sales up 21% to $562.9M
KRONOS WORLDWIDE INC
2022-Q1 EPS reported
$0.50
revenue$562,900,000
- Net income of $57.5M ($0.50 per share) in Q1 2022 vs $19.6M ($0.17) in Q1 2021; net sales $562.9M (+21% YoY).
- Average TiO2 selling prices rose 24% YoY; sales volumes up 2% and production volumes up 6%.
- TiO2 segment profit $86.8M vs $38.1M in prior year, driven by higher prices and volumes, partly offset by higher costs.
- Production at full practical capacity (vs 97% last year); EBITDA $93.2M vs $43.3M.
- Currency headwinds (euro) reduced net sales by ~$22M and operating income by ~$5M in the quarter.