| 2025-04-15 16:15:00 |
Kronos Worldwide, Inc. Announces Expected First Quarter 2025 Earnings Release Date
Dallas, texas, april 15, 2025 (globe newswire) -- kronos worldwide, inc. (nyse: kro) announced today that, subject to the completion of quarter-end closing procedures, it expects to report first quarter 2025 earnings in a press release after market close on wednesday, may 7, 2025. kronos worldwide, inc. is a major international producer of titanium dioxide products. |
| 2025-03-06 16:15:00 |
Kronos Worldwide, Inc. Reports Fourth Quarter 2024 Results
Dallas, texas, march 06, 2025 (globe newswire) -- kronos worldwide, inc. (nyse:kro) today reported a net loss of $13.2 million, or $.12 per share, in the fourth quarter of 2024 compared to a net loss of $5.3 million, or $.05 per share, in the fourth quarter of 2023. for the full year of 2024, kronos worldwide reported net income of $86.2 million, or $.75 per share, compared to a net loss of $49.1 million, or $.43 per share, for the full year of 2023. net income decreased in the fourth quarter 2024 compared to the fourth quarter of 2023 primarily due to increases in the company’s income tax expense resulting from (i) final tax regulations on the treatment of certain currency translation gains and losses, which resulted in a non-cash deferred income tax expense of $16.5 million ($.14 per share) and (ii) the recognition of a deferred income tax asset valuation allowance related to the company’s belgian net deferred tax assets, which resulted in a non-cash deferred income tax expense of $8.2 million ($.07 per share). income before income taxes increased $24.9 million in the fourth quarter of 2024 as compared to the fourth quarter of 2023 due to higher income from operations as a result of the effects of higher sales and production volumes and lower production costs (primarily energy and raw materials). net income increased in the full year of 2024 compared to full year of 2023 due to higher income from operations as a result of the effects of higher sales and production volumes and lower production costs (primarily energy and raw materials), partially offset by lower average tio2 selling prices. comparability of our results was also impacted by the effects of changes in currency exchange rates. our results of operations for the full year of 2023 were significantly impacted by reduced demand for tio2 in all major markets and unabsorbed fixed production as a result of production curtailments in response to the sharp decline in demand. demand improved in all of our major markets in 2024 compared to 2023 and we increased production volumes accordingly, contributing to our improved profitability. 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. net income for the full year 2024 includes the recognition of a non-cash gain of $64.5 million ($50.9 million, or $.44 per share, net of income tax expense) associated with the remeasurement of our investment in lpc as a result of the acquisition. |
| 2025-02-26 16:15:00 |
Kronos Worldwide, Inc. Announces Quarterly Dividend
Dallas, tx, feb. 26, 2025 (globe newswire) -- kronos worldwide, inc. (nyse: kro) announced that its board of directors has declared a regular quarterly dividend of five cents ($0.05) per share on its common stock, payable on march 20, 2025 to stockholders of record at the close of business on march 11, 2025. |
| 2024-11-06 16:15:00 |
Kronos Worldwide, Inc. Reports Third Quarter 2024 Results
Dallas, texas, nov. 06, 2024 (globe newswire) -- kronos worldwide, inc. (nyse:kro) today reported net income of $71.8 million, or $.62 per share, in the third quarter of 2024 compared to a net loss of $20.4 million, or $.18 per share, in the third quarter of 2023. for the first nine months of 2024, kronos worldwide reported net income of $99.4 million, or $.86 per share, compared to a net loss of $43.8 million, or $.38 per share, in the first nine months of 2023. net income increased in the third quarter and first nine months of 2024 compared to the same periods in 2023 due to higher income from operations as a result of the effects of higher sales and production volumes, lower production costs (primarily energy and raw materials), partially offset by lower average tio2 selling prices. comparability of our results was also impacted by the effects of changes in currency exchange rates. our results of operations in the first nine months of 2023 were significantly impacted by reduced demand for certain of our products in all major markets and unabsorbed fixed production and other costs due to reduced production volumes. demand has improved in all of our major markets in the first nine months of 2024 and production volumes have increased, contributing to our improved profitability. 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. net income for the third quarter and first nine months of 2024 includes the recognition of a non-cash gain of $64.5 million ($51.0 million, or $.44 per share, net of income tax expense) associated with the remeasurement of our investment in lpc as a result of the acquisition. |
| 2024-10-30 16:15:00 |
Kronos Worldwide, Inc. Announces Quarterly Dividend
Dallas, texas, oct. 30, 2024 (globe newswire) -- kronos worldwide, inc. (nyse: kro) announced that its board of directors has declared a regular quarterly dividend of five cents ($0.05) per share on its common stock, payable on december 12, 2024 to stockholders of record at the close of business on november 29, 2024. |
| 2024-08-07 16:15:00 |
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| 2024-07-23 16:23:00 |
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| 2024-07-23 03:15:00 |
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| 2024-07-17 12:26:00 |
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| 2024-05-15 16:15:00 |
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| 2024-05-08 16:15:00 |
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| 2024-03-06 16:15:00 |
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| 2024-02-21 16:15:00 |
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| 2024-02-05 19:02:00 |
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| 2024-01-23 06:21:00 |
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