secwatch.observer — SEC 8-K summary
======================================

Issuer:     KRONOS WORLDWIDE INC (KRO)
CIK:        0001257640
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001257640-22-000013
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kronos Q3 net income falls 42% to $0.18/sh; sales down 8% on 20% lower TiO2 volumes
--------------------------------------------------------------------------------

- Q3 net income $21.0M ($0.18/sh) vs $36.0M ($0.31/sh) YoY; nine-month net income $124.4M ($1.08/sh) up from $81.3M ($0.70/sh).
- Q3 net sales $459.6M (-8% YoY); TiO2 sales volumes down 20% YoY; average prices up 21% YoY.
- Segment profit Q3 $34.6M (down from $60.8M); nine-month $190.9M (up from $146.6M).
- Production capacity utilization fell to 93% in Q3 from 100% in Q3 2021 due to maintenance and demand alignment.
- Currency (euro) reduced Q3 sales by ~$31M but boosted operating income by ~$13M YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1257640/000125764022000013/0001257640-22-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1257640/000125764022000013/kro-20221102x8k.htm
  HTML page:      https://secwatch.observer/filing/0001257640-22-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer