---
schema_version: "secwatch.filing_event.v1"
accession: "0001257640-24-000031"
form_type: "8-K"
ticker: "KRO"
cik: "0001257640"
company_name: "KRONOS WORLDWIDE INC"
filed_at: "2024-07-17T23:59:59+00:00"
generated_at: "2026-05-31T20:09:28.659649+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Kronos buys remaining 50% of LPC for $185M, cuts dividend to $0.05, prelim Q2 EBITDA $49-56M

## Summary
- Acquired 50% JV interest in LPC for $185M upfront plus up to $15M earn-out based on 2025-2026 EBITDA; financed via $132M revolver draw and cash.
- Amended credit facility: maximum increased from $225M to $300M, maturity extended to July 2029, LPC added to borrowing base.
- Preliminary Q2 2024 net sales $495-510M (up ~12-15% YoY); EBITDA $49-56M vs $3.6M in Q2 2023; TiO2 sales volumes up 29% YoY.
- Board cuts quarterly dividend to $0.05/share (from $0.19), payable Sep 19 to holders of record Sep 6, to strengthen balance sheet.
- Expects non-cash charges of ~$10M in Q2 and ~$5M in Q3 from Canada sulfate line closure; full-year 2024 outlook improved.

## SEC filing metadata
- accession: 0001257640-24-000031
- form_type: 8-K
- ticker: KRO
- cik: 0001257640
- company_name: KRONOS WORLDWIDE INC
- filed_at: 2024-07-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.02, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1257640/000125764024000031/0001257640-24-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1257640/000125764024000031/kro-20240716x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001257640-24-000031
- JSON: https://secwatch.observer/filing/0001257640-24-000031.json
- Plain text: https://secwatch.observer/filing/0001257640-24-000031.txt

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