Kronos Worldwide Reports Turnaround in 2024 Earnings

Kronos Worldwide ( (KRO) ) has released its Q4 earnings. Here is a breakdown of the information Kronos Worldwide presented to its investors.

Kronos Worldwide, Inc. is a prominent international producer of titanium dioxide products, primarily serving the chemical industry. In its latest earnings report, Kronos Worldwide revealed a net loss of $13.2 million for the fourth quarter of 2024, compared to a net loss of $5.3 million in the same period of 2023. However, the company reported a significant turnaround for the full year, with a net income of $86.2 million, contrasting with a net loss of $49.1 million in 2023. This improvement was driven by increased sales and production volumes, alongside lower production costs. Key highlights from the report include a 6% increase in net sales for the fourth quarter of 2024 compared to the previous year, and a 13% increase for the full year. The acquisition of the remaining interest in Louisiana Pigment Company, L.P. also contributed to the company’s improved financial performance. Despite the quarterly loss, Kronos Worldwide’s segment profit turned positive, reaching $33.1 million in the fourth quarter of 2024, compared to a segment loss of $1.3 million in the same period of 2023. The company’s EBITDA also saw a substantial increase, reaching $252.9 million for the full year of 2024. Looking ahead, Kronos Worldwide remains focused on capitalizing on improved demand and optimizing its production capabilities, while navigating potential risks such as currency fluctuations and changes in raw material costs.