secwatch.observer — SEC 8-K summary
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Issuer:     KRONOS WORLDWIDE INC (KRO)
CIK:        0001257640
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001257640-23-000035
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kronos Worldwide reports Q2 net loss of $8.2M vs $45.9M profit; revenue down 22%
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- Net loss per share $0.07 vs income of $0.40 in Q2 2022; first-half net loss $23.4M ($0.20/shr) vs income $103.4M ($0.90).
- Revenue $443.2M (Q2) and $869.5M (6M), down 22% and 23% YoY respectively on lower TiO2 volumes.
- TiO2 sales volumes fell 26% in Q2 and 28% in 6M; average selling prices down 2% Q2 but up 1% in 6M.
- Production capacity utilization dropped to 64% in Q2 (70% in 6M) vs 95-98% last year; fixed cost under-absorption $22M/$54M.
- Quarterly dividend maintained at $0.19 per share, payable Sept. 14, 2023 to holders of record Sept. 1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1257640/000125764023000035/0001257640-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1257640/000125764023000035/kro-20230802x8k.htm
  HTML page:      https://secwatch.observer/filing/0001257640-23-000035

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