KRO
Kronos Worldwide, Inc.4.6700
-0.2000-4.11%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
537.30MP/E (TTM)
-Basic EPS (TTM)
-0.35Dividend Yield
0.04%Recent Filings
8-K
Kronos reports wider 2025 losses
Kronos Worldwide posted a Q4 2025 net loss of $82.8 million ($0.72/share), swinging from $13.2 million loss last year, while full-year 2025 loss hit $110.9 million versus $86.2 million profit in 2024. Production plunged to 77% capacity amid curtailments, fueling $111 million unabsorbed fixed costs and 8% lower TiO2 prices despite volume gains. Losses deepened. Restructuring hit $10.3 million.
10-K
FY2025 results
Kronos Worldwide posted FY2025 net sales of $1.86B, down 1% y/y from $1.89B, with TiO2 sales volumes up 2% to 512k metric tons yet average selling prices off 4% amid prolonged market weakness; production fell 10% to 480k tons at 77% capacity utilization (derived), hammered by Q4's 55% rate and $54M unabsorbed fixed costs as demand softened. Q4 sales volumes surged 7% y/y on European market share grabs from competitor closures, but pricing eroded 10% from year-start levels while gross margin cratered to 11% from 19%. Production curtailments preserved liquidity; Q4 workforce cuts hit 226 jobs for $10M restructuring. Debt stands at $557M with $251M revolver availability and no near-term maturities. Q4 slashed dividends to $0.05/share. Chinese competition pressures pricing.
8-K
CEO retires; insider succeeds
Kronos Worldwide's CEO James M. Buch retires effective February 27, 2026, after notifying the board on February 20. Board elects insider Brian W. Christian, 47, president since May 2025, as new CEO and director same date. Leadership transitions smoothly. Board also declared $0.05 quarterly dividend, payable March 19 to March 10 record holders.
10-Q
Q3 FY2025 results
Kronos posted Q3 net loss of $37.0M ($.32/share) versus $71.8M income ($.62/share) a year ago, as revenue fell 6% y/y to $456.9M from lower TiO2 prices and 3% softer volumes while gross margin plunged to 10% from 21% on $27M unabsorbed fixed costs from 80% capacity utilization (derived). YTD revenue dipped 2% y/y to $1,441.1M with flat volumes but 2% lower prices; operating income dropped to $26.6M from $94.3M, yet net loss narrowed to $28.1M from $99.4M income after stripping 2024's $64.5M LPC remeasurement gain. Cash fell to $27.7M amid $89.6M operating outflow, offset by revolver draws to $626.2M total debt (9.5% notes due 2029); $342M revolver availability remains. LPC JV buyout closed July 2024 for $178.2M net cash, recognizing $2.6M goodwill. Debt covenants met. Customer inventory destocking lingers.
8-K
Q3 loss on taxes, prices
Kronos swung to a Q3 net loss of $37.0 million ($.32/share) from $71.8 million income, driven by German tax rate cuts triggering $19.3 million deferred tax hit and lower TiO2 prices, volumes. Sales fell 6% to $456.9 million amid market uncertainty; operations lost $19.2 million versus $38.9 million profit. Capacity utilization dropped to 80%.
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