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Jun 30, 2022
Kronos Q2 2022 Earnings Report
Kronos Worldwide's financial performance improved in Q2 2022, with increased net income and net sales compared to Q2 2021
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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