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Dec 31, 2020
Kronos Q4 2020 Earnings Report
Kronos Worldwide reported increased net sales and net income in Q4 2020 compared to Q4 2019.
Key Takeaways
Kronos Worldwide, Inc. reported net income of $10.2 million, or $.09 per share, in the fourth quarter of 2020 compared to net income of $9.4 million, or $.08 per share, in the fourth quarter of 2019. Net sales of $414.9 million in the fourth quarter of 2020 were $42.2 million, or 11%, higher than in the fourth quarter of 2019.
Net sales increased due to higher sales volumes, partially offset by lower average TiO2 selling prices.
TiO2 sales volumes were 12% higher due to higher demand in European and North American markets.
Average TiO2 selling prices were 3% lower.
Segment profit increased due to higher income from operations resulting from higher sales volumes and lower production costs, partially offset by lower average TiO2 selling prices.
Forward Guidance
The extent of the impact of the COVID-19 pandemic on our future operations will depend on the time period and degree to which the COVID-19 pandemic persists in the global economy.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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