earnings
confidence high
sentiment positive
materiality 0.75
Kronos Worldwide Q4 net loss $13.2M on tax items; full year swings to $86.2M profit
KRONOS WORLDWIDE INC
- Net loss Q4 $13.2M ($0.12/sh) vs $5.3M loss in Q4 2023, due to $24.7M deferred tax charges.
- Full year 2024 net income $86.2M ($0.75/sh) vs $49.1M loss in 2023 on higher volumes and lower costs.
- Net sales Q4 $423.1M (+6% YoY); full year $1.9B (+13% YoY). TiO2 volumes +4% Q4, +20% full year.
- Segment profit Q4 $33.1M vs $1.3M loss; full year $141.0M vs $39.8M loss. Capacity utilization 96%.
- Acquired remaining 50% of Louisiana Pigment Co. in July 2024; recorded $64.5M non-cash gain.