8-K
filed November 2, 2023, 7:59 PM ET
ticker KRO
CIK 0001257640
earnings
confidence high
sentiment negative
materiality 0.85
Kronos Worldwide Q3 net loss $20.4M vs profit $21.0M a year ago; TiO2 volumes down 6%
KRONOS WORLDWIDE INC
2023-Q3 EPS reported
-$0.38
revenue$1,266,400,000
- Net loss of $20.4M ($0.18 per share) in Q3 2023 vs net income of $21.0M ($0.18) in Q3 2022.
- Net sales $396.9M, down 14% YoY; TiO2 volumes -6%, average selling prices -8%.
- TiO2 segment loss $21.4M vs profit $34.6M; production curtailments caused $20M unabsorbed fixed costs in Q3.
- Capacity utilization fell to 73% in Q3 (71% YTD) from 93% a year ago; historic industry downturn cited.
- CEO sees early demand improvement; company focused on cost savings and liquidity preservation.
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 third quarter of 2023 results: revenue $396.9 million.
- Period
- third quarter of 2023
- Revenue
- $396.9 million
- Result
- reported results
Exact text from the filing
fixed production and other costs, as discussed further below. Comparability of our results was also impacted by the effects of changes in currency exchange rates. Net sales of $396.9 million in the third quarter of 2023 were $62.7 million, or 14%, lower than in the third quarter of 2022. Net sales of $1.3 billion in the first nine months of 2023 were $321.4 million,
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
KRONOS WORLDWIDE INC reported third quarter of 2023 results: revenue $396.9 million.
- Period
- third quarter of 2023
- Revenue
- $396.9 million
- Result
- reported results
Exact text from the filing
Net sales of $396.9 million in the third quarter of 2023 were $62.7 million, or 14%, lower than in the third quarter of 2022.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
KRONOS WORLDWIDE INC reported first nine months of 2023 results: revenue $1.3 billion.
- Period
- first nine months of 2023
- Revenue
- $1.3 billion
- Result
- reported results
Exact text from the filing
changes in currency exchange rates. Net sales of $396.9 million in the third quarter of 2023 were $62.7 million, or 14%, lower than in the third quarter of 2022. Net sales of $1.3 billion in the first nine months of 2023 were $321.4 million, or 20%, lower than in the first nine months of 2022. Net sales decreased in the third quarter and first nine months of 2023
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
KRONOS WORLDWIDE INC reported first nine months of 2023 results: revenue $1.3 billion.
- Period
- first nine months of 2023
- Revenue
- $1.3 billion
- Result
- reported results
Exact text from the filing
Net sales of $1.3 billion in the first nine months of 2023 were $321.4 million, or 20%, lower than in the first nine months of 2022.
View on SEC.gov
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