earnings
confidence high
sentiment positive
materiality 0.85
Kronos Worldwide swings to Q3 profit of $71.8M; TiO2 demand strengthens
KRONOS WORLDWIDE INC
2024-Q3 EPS reported
$0.86
revenue$1,464,000,000
- Net income $71.8M ($0.62/share) vs net loss $20.4M (-$0.18) in Q3 2023.
- Net sales $484.7M (+22% YoY); TiO2 sales volumes +21%, average prices -1%.
- Segment profit $43.4M vs segment loss $21.4M; capacity utilization 92% in Q3.
- EBITDA $123.3M vs -$12.7M; includes $64.5M non-cash gain from LPC remeasurement.
- Acquired remaining 50% of Louisiana Pigment Company on July 16, 2024; now wholly owned.