---
schema_version: "secwatch.filing_event.v1"
accession: "0001257640-23-000054"
form_type: "8-K"
ticker: "KRO"
cik: "0001257640"
company_name: "KRONOS WORLDWIDE INC"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-08T23:28:22.053257+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Kronos Worldwide Q3 net loss $20.4M vs profit $21.0M a year ago; TiO2 volumes down 6%

## Summary
- 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.

## SEC filing metadata
- accession: 0001257640-23-000054
- form_type: 8-K
- ticker: KRO
- cik: 0001257640
- company_name: KRONOS WORLDWIDE INC
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1257640/000125764023000054/0001257640-23-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1257640/000125764023000054/kro-20231102x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001257640-23-000054
- JSON: https://secwatch.observer/filing/0001257640-23-000054.json
- Plain text: https://secwatch.observer/filing/0001257640-23-000054.txt

## Key facts
- Earnings Releases
  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
  source text: 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,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1257640/000125764023000054/0001257640-23-000054-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1257640/000125764023000054/0001257640-23-000054-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1257640/000125764023000054/0001257640-23-000054-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1257640/000125764023000054/0001257640-23-000054-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.