secwatch.observer — SEC 8-K summary
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Issuer:     KRONOS WORLDWIDE INC (KRO)
CIK:        0001257640
Form:       8-K
Filed at:   2023-03-08T23:59:59+00:00
Accession:  0001257640-23-000014
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1257640/000125764023000014/0001257640-23-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1257640/000125764023000014/kro-20230308x8k.htm
  HTML page:      https://secwatch.observer/filing/0001257640-23-000014

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