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Dec 31, 2023
Kronos Q4 2023 Earnings Report
Kronos Worldwide reported a net loss with increased sales volumes and decreased TiO2 selling prices.
Key Takeaways
Kronos Worldwide, Inc. reported a net loss of $5.3 million in Q4 2023, compared to a net loss of $19.9 million in Q4 2022. Net sales were $400.1 million, a 17% increase from Q4 2022, driven by higher sales volumes in Europe and North America, despite lower average TiO2 selling prices.
Net loss decreased to $5.3 million from $19.9 million year-over-year.
Net sales increased by 17% to $400.1 million due to higher sales volumes.
TiO2 sales volumes increased by 29% compared to Q4 2022.
Average TiO2 selling prices decreased by 11% compared to Q4 2022.
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. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we cannot give any assurances that these expectations will prove to be correct.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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