secwatch.observer — SEC 8-K summary
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Issuer:     KRONOS WORLDWIDE INC (KRO)
CIK:        0001257640
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0001257640-24-000016
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1257640/000125764024000016/0001257640-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1257640/000125764024000016/kro-20240306x8k.htm
  HTML page:      https://secwatch.observer/filing/0001257640-24-000016

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