secwatch.observer — SEC 8-K summary
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Issuer:     KRONOS WORLDWIDE INC (KRO)
CIK:        0001257640
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001257640-23-000022
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kronos reports Q1 net loss of $15.2M vs $57.5M profit; TiO2 sales volumes down 29%
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- Net loss of $15.2M ($0.13 per share) vs net income of $57.5M ($0.50) in Q1 2022.
- Net sales of $426.3M, down 24% YoY; TiO2 sales volumes fell 29%.
- TiO2 segment reported a loss of $14.8M vs profit of $86.8M in prior-year quarter.
- Production curtailments caused $22M of unabsorbed fixed costs; capacity utilization 76%.
- EBITDA turned negative at ($5.0M) from $93.2M in Q1 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1257640/000125764023000022/0001257640-23-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1257640/000125764023000022/kro-20230503x8k.htm
  HTML page:      https://secwatch.observer/filing/0001257640-23-000022

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