secwatch.observer — SEC 8-K summary
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Issuer:     KRONOS WORLDWIDE INC (KRO)
CIK:        0001257640
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0000059255-22-000043
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kronos Worldwide Q1 net income $57.5M ($0.50/sh) vs $19.6M; sales up 21% to $562.9M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1257640/000005925522000043/0000059255-22-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1257640/000005925522000043/kwi8kq12022er.htm
  HTML page:      https://secwatch.observer/filing/0000059255-22-000043

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