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Dec 31, 2019
Kronos Q4 2019 Earnings Report
Kronos Worldwide reported increased net sales but decreased net income due to lower average selling prices and higher costs.
Key Takeaways
Kronos Worldwide's fourth quarter 2019 net sales increased by 7% compared to the fourth quarter of 2018, driven by higher sales volumes. However, net income decreased due to lower average selling prices and higher raw materials and production costs.
Net sales increased by 7% compared to Q4 2018.
Net income decreased from $24.0 million to $9.4 million compared to Q4 2018.
Average TiO2 selling prices were 3% lower than in Q4 2018.
TiO2 sales volumes were 14% higher than in Q4 2018.
Kronos
Kronos
Forward Guidance
The company faces risks and uncertainties related to future supply and demand, economic conditions, raw material costs, and other factors.