Kronos Q2 2022 Earnings Report
Key Takeaways
Kronos Worldwide, Inc. reported a significant increase in net income for the second quarter of 2022, rising to $45.9 million, or $.40 per share, compared to $25.7 million, or $.22 per share, in the second quarter of 2021. Net sales also increased to $565.3 million, up 18% from the second quarter of 2021, driven primarily by higher average TiO2 selling prices.
Net income increased to $45.9 million, or $.40 per share, compared to $25.7 million, or $.22 per share in Q2 2021.
Net sales increased by 18% to $565.3 million compared to Q2 2021, driven by higher average TiO2 selling prices.
Average TiO2 selling prices were 26% higher compared to Q2 2021.
TiO2 segment profit increased to $69.5 million compared to $47.7 million in Q2 2021.
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Forward Guidance
The statements in this release relating to matters that are not historical facts are forward-looking statements that represent management's beliefs and assumptions based on currently available information. Actual future results could differ materially from those described in such forward-looking statements.