Business
KRONOS WORLDWIDE, INC. REPORTS FIRST QUARTER 2025 RESULTS
Dallas, Texas, May 07, 2025 (GLOBE NEWSWIRE) -- Kronos Worldwide, Inc. (NYSE:KRO) today reported net income of $18.1 million, or $.16 per share, in the first quarter of 2025 compared to net income of $8.1 million, or $.07 per share, in the first quarter of 2024. Net income increased in the first quarter of 2025 as compared to the first quarter of 2024 primarily due to higher income from operations as a result of higher sales and production volumes, higher average TiO2 selling prices, and decreas
About this update from Kronos Worldwide Inc
[{"type":"image","alt":"Kronos Worldwide","displaySize":"","headline":null,"caption":"Kronos Worldwide","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":97,"url":"https://media.zenfs.com/en/globenewswire.com/60595ce78e5227a90b5229ea295dd518"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/i53gf7.Czr3cnPl79zHB.w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEzNjtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/60595ce78e5227a90b5229ea295dd518","width":300,"height":97}},"lazy":false},{"type":"text","content":"Dallas, Texas, May 07, 2025 (GLOBE NEWSWIRE) -- Kronos Worldwide, Inc. (NYSE:KRO) today reported net income of $18.1 million, or $.16 per share, in the first quarter of 2025 compared to net income of $8.1 million, or $.07 per share, in the first quarter of 2024. Net income increased in the first quarter of 2025 as compared to the first quarter of 2024 primarily due to higher income from operations as a result of higher sales and production volumes, higher average TiO2 selling prices, and decreases in per metric ton production costs (primarily raw materials, utilities and unabsorbed fixed costs due to improved operating rates in 2025). Comparability of our results was also impacted by the effects of changes in currency exchange rates. As previously reported, effective July 16, 2024, we acquired the 50% joint venture interest in Louisiana Pigment Company, L.P. (“LPC”) previously held by Venator Investments, Ltd. Prior to the acquisition, we held a 50% joint venture interest in LPC. Following the acquisition, LPC became a wholly-owned subsidiary of ours. We accounted for the acquisition as a business combination. The results of operations of LPC have been included in our results of operations beginning as of the acquisition date.","length":1261,"tagName":"p"},{"type":"text","content":"Net sales of $489.8 million in the first quarter of 2025 were $11.0 million, or 2%, higher than in the first quarter of 2024. Net sales increased in the first quarter of 2025 compared to the first quarter of 2024 primarily due to the effects of higher sales volumes in our North American and European markets somewhat offset by lower sales volumes in our export markets, higher average TiO2 selling prices and changes in product mix. We started 2025 with average TiO2 selling prices 2% higher than at the beginning of 2024 but our...