Kronos Q1 2021 Earnings Report
Key Takeaways
Kronos Worldwide reported first quarter 2021 results with net sales increasing by 10% to $465.0 million, driven by higher sales volumes. However, net income decreased to $19.6 million, or $.17 per share, due to lower income from operations.
Net sales increased by 10% compared to the first quarter of 2020, reaching $465.0 million.
Net income decreased to $19.6 million, or $.17 per share, compared to $27.0 million, or $.23 per share, in the first quarter of 2020.
TiO2 sales volumes increased by 3% due to higher demand in North American and Latin American markets.
Average TiO2 selling prices were 1% lower compared to the first quarter of 2020 but 1% higher than at the end of 2020.
Kronos
Kronos
Forward Guidance
The company provided forward-looking statements regarding future performance, highlighting various risks and uncertainties that could impact actual results.