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Jun 30, 2024
Kronos Q2 2024 Earnings Report
Reported a net income increase due to higher sales and production volumes, and lower production costs, despite lower average TiO2 selling prices.
Key Takeaways
Kronos Worldwide, Inc. reported a net income of $19.5 million, or $.17 per share, in the second quarter of 2024, compared to a net loss of $8.2 million, or $.07 per share, in the second quarter of 2023. Net sales increased by 13% to $500.5 million. The company's TiO2 segment profit was $41.1 million, a significant improvement from the $2.3 million loss in the same quarter last year.
Net income was $19.5 million, or $.17 per share, compared to a net loss of $8.2 million, or $.07 per share, in Q2 2023.
Net sales increased by 13% to $500.5 million compared to Q2 2023.
TiO2 sales volumes were 29% higher than in Q2 2023.
TiO2 segment profit was $41.1 million, compared to a $2.3 million loss in Q2 2023.
Forward Guidance
The company did not provide specific forward guidance in this earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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