Kronos Worldwide Q4 2022 net loss of $19.9M; TiO2 volumes drop 40% YoY

KRONOS WORLDWIDE INC

Net loss of $19.9M ($0.18/share) in Q4 2022 vs net income of $31.6M ($0.28/share) in Q4 2021.
Net sales $342.4M, down 31% YoY; TiO2 sales volumes fell 40% globally.
TiO2 segment loss $15.0M vs profit $55.6M in prior-year quarter; production curtailments drove ~$26M unabsorbed fixed costs.
Full-year 2022 net income $104.5M ($0.90/share) vs $112.9M ($0.98); EBITDA $202.5M vs $224.3M.
Capacity utilization dropped to 65% in Q4 2022 vs 100% in Q4 2021; average TiO2 prices up 15% but volume declines offset.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KRONOS WORLDWIDE INC reported financial results for full year of 2022.

Period: full year of 2022
Result: reported results

Exact text from the filing

The registrant hereby furnishes the information set forth in its press release entitled “Kronos Worldwide, Inc. Reports Fourth Quarter 2022 Results” that the registrant issued on March 8, 2023

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KRONOS WORLDWIDE INC reported financial results for fourth quarter of 2022.

Period: fourth quarter of 2022
Result: reported results

Exact text from the filing

The registrant hereby furnishes the information set forth in its press release entitled “Kronos Worldwide, Inc. Reports Fourth Quarter 2022 Results” that the registrant issued on March 8, 2023

View on SEC.gov

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Source: SEC EDGAR

accession 0001257640-23-000014

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