Kronos Worldwide swings to Q1 net income of $8.1M; TiO2 volumes up 28% YoY

KRONOS WORLDWIDE INC

2024-Q1 EPS reported $0.07 revenue$478,800,000

Net income $8.1M ($0.07 EPS) vs net loss $15.2M ($0.13 EPS) in Q1 2023.
Net sales $478.8M, up 12% YoY; TiO2 sales volumes rose 28%, but avg selling prices fell 11%.
TiO2 segment profit $23.4M vs segment loss $14.8M; capacity utilization improved to 87% from 76%.
EBITDA $31.7M vs ($5.0M); unabsorbed fixed costs decreased by ~$10M to $10–12M.
Included a $1.5M charge for write-off of deferred financing costs ($0.01 EPS impact).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

KRONOS WORLDWIDE INC reported First Quarter 2024 results: revenue $478.8 million, net income $8.1 million, EPS $.07 per share.

Period: First Quarter 2024
Revenue: $478.8 million
Net income: $8.1 million
EPS: $.07 per share
Result: reported results

Exact text from the filing

production costs (primarily energy and raw material costs). Comparability of our results was also impacted by the effects of changes in currency exchange rates. Net sales of $478.8 million in the first quarter of 2024 were $52.5 million, or 12%, higher than in the first quarter of 2023. Net sales increased in the first quarter of 2024 compared to the first quarter

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Source: SEC EDGAR

accession 0001257640-24-000023

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