---
schema_version: "secwatch.filing_event.v1"
accession: "0001257640-24-000041"
form_type: "8-K"
ticker: "KRO"
cik: "0001257640"
company_name: "KRONOS WORLDWIDE INC"
filed_at: "2024-08-07T23:59:59+00:00"
generated_at: "2026-05-31T11:37:49.356263+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Kronos returns to profit in Q2; acquires LPC for $185M, cuts dividend to $0.05/share

## Summary
- Q2 net income $19.5M ($0.17/diluted share) vs net loss $8.2M ($0.07) a year ago; sales up 13% to $500.5M.
- TiO2 segment profit $41.1M (vs loss $2.3M in Q2 2023); sales volumes +29% YoY, average prices -8%.
- Acquired remaining 50% of Louisiana Pigment Co. for $185M upfront plus $15M earn-out; financed via revolver draw.
- Quarterly dividend reduced to $0.05 per share beginning Q3 2024 to support debt service, leverage reduction and capex.
- Issued €75M of 9.50% Senior Secured Notes at 107.5% premium; amended revolver to $300M with maturity extended to 2029.

## SEC filing metadata
- accession: 0001257640-24-000041
- form_type: 8-K
- ticker: KRO
- cik: 0001257640
- company_name: KRONOS WORLDWIDE INC
- filed_at: 2024-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1257640/000125764024000041/0001257640-24-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1257640/000125764024000041/kro-20240807x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001257640-24-000041
- JSON: https://secwatch.observer/filing/0001257640-24-000041.json
- Plain text: https://secwatch.observer/filing/0001257640-24-000041.txt

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