Kronos Q4 net loss narrows to $5.3M; full year net loss $49.1M vs prior year profit

KRONOS WORLDWIDE INC

Q4 2023 net loss $5.3M ($0.05/share) vs Q4 2022 net loss $19.9M ($0.18).
Full year 2023 net loss $49.1M ($0.43/share) vs 2022 net income $104.5M ($0.90).
Q4 net sales $400.1M (+17% YoY); full year $1.7B (-14% YoY) driven by lower TiO2 prices and volumes.
TiO2 segment loss of $1.3M in Q4 and $39.8M for full year, reflecting production curtailments and unabsorbed costs.
EBITDA was $6.9M in Q4 vs -$8.2M; full year EBITDA -$7.2M vs $202.5M in 2022.

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 the full year of 2023 results: revenue $1.7 billion, net income net loss of $49.1 million, or $.43 per share, EPS $.43 per share.

Period: the full year of 2023
Revenue: $1.7 billion
Net income: net loss of $49.1 million, or $.43 per share
EPS: $.43 per share
Result: reported results

Exact text from the filing

in currency exchange rates. Net sales of $400.1 million in the fourth quarter of 2023 were $57.7 million, or 17%, higher than in the fourth quarter of 2022. Net sales of $1.7 billion in the full year of 2023 were $263.7 million, or 14%, lower than in the full year of 2022. Net sales increased in the fourth quarter of 2023 compared to the fourth quarter of

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KRONOS WORLDWIDE INC reported the fourth quarter of 2023 results: revenue $400.1 million, net income net loss of $5.3 million, or $.05 per share, EPS $.05 per share.

Period: the fourth quarter of 2023
Revenue: $400.1 million
Net income: net loss of $5.3 million, or $.05 per share
EPS: $.05 per share
Result: reported results

Exact text from the filing

incurred due to the curtailments, as discussed further below. Comparability of our results was also impacted by the effects of changes in currency exchange rates. Net sales of $400.1 million in the fourth quarter of 2023 were $57.7 million, or 17%, higher than in the fourth quarter of 2022. Net sales of $1.7 billion in the full year of 2023 were $263.7 million, or

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Source: SEC EDGAR

accession 0001257640-24-000016

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