secwatch.observer — SEC 8-K summary
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Issuer:     KRONOS WORLDWIDE INC (KRO)
CIK:        0001257640
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001257640-24-000023
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1257640/000125764024000023/0001257640-24-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1257640/000125764024000023/kro-20240508x8k.htm
  HTML page:      https://secwatch.observer/filing/0001257640-24-000023

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