{"id":1018108,"date":"2026-11-05T23:13:47","date_gmt":"2026-11-06T04:13:47","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/kronos-worldwide-inc-reports-third-quarter-2026-results\/"},"modified":"2026-11-05T23:13:47","modified_gmt":"2026-11-06T04:13:47","slug":"kronos-worldwide-inc-reports-third-quarter-2026-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/kronos-worldwide-inc-reports-third-quarter-2026-results\/","title":{"rendered":"KRONOS WORLDWIDE, INC. REPORTS THIRD QUARTER 2026 RESULTS"},"content":{"rendered":"
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Dallas, Texas, Nov. 05, 2026 (GLOBE NEWSWIRE) — Kronos Worldwide, Inc. (NYSE:KRO) today reported net income of $34.8 million, or $.30 per share, in the third quarter of 2026 compared to a net loss of $37.0 million, or $.32 per share, in the third quarter of 2025. For the first nine months of 2026, Kronos reported net income of $45.2 million, or $.39 per share, compared to a net loss of $28.1 million, or $.24 per share, in the first nine months of 2025. Net income increased in the third quarter and first nine months of 2026 compared to the same periods in 2025 primarily due to higher income from operations as a result of the effects of higher sales and production volumes, lower raw material costs (primarily feedstock costs) and lower production costs resulting from cost reduction initiatives implemented in the fourth quarter of 2025, partially offset by higher distribution costs. Additionally, average TiO2<\/sub> selling prices for the third quarter of 2026 were higher than the prior-year period. Our results of operations in the third quarter and first nine months of 2025 were significantly impacted by reduced demand in all major markets and unabsorbed fixed production costs due to reduced production volumes. Comparability of our results was also impacted by the effects of changes in currency exchange rates.<\/p>\n

Net sales of $541.1 million in the third quarter of 2026 were $84.2 million, or 18%, higher than in the third quarter of 2025. Net sales of $1.6 billion in the first nine months of 2026 were $167.9 million, or 12%, higher than the first nine months of 2025. Net sales increased in the third quarter of 2026 compared to the same period of 2025 primarily due to market share gains in our European and North American markets, reflecting the effect of anti-dumping duties that remain in effect in certain markets and changing supply conditions, and higher average TiO2<\/sub> selling prices. Net sales increased during the first nine months of 2026 compared to the same period of 2025 primarily due to market share gains in our European and North American markets previously noted and by changes in currency exchange rates (primarily the euro), which we estimate increased our net sales by approximately $39 million. We started 2026 with average TiO2<\/sub> selling prices lower than at the beginning of 2025; however, our average TiO2 <\/sub>selling prices have increased 11% during the first nine months of 2026. Throughout this period, we successfully implemented price increases and surcharges in response to rising operating costs, including energy and distribution costs. As a result, our average TiO2<\/sub> selling prices for the first nine months of 2026 were 1% lower than the corresponding period of 2025, while average TiO2<\/sub> selling prices for the third quarter of 2026 were 5% higher than in the third quarter of 2025. The table at the end of this press release shows how each of these items impacted net sales.<\/p>\n

Our TiO2<\/sub> segment profit (see description of non-GAAP information below) was $61.0 million in the third quarter of 2026 compared to a loss of $15.3 million in the third quarter of 2025. For the first nine months of 2026, our segment profit was $117.1 million compared to $37.2 million in the first nine months of 2025. Segment profit increased in both the third quarter and first nine months of 2026 compared to corresponding 2025 periods primarily due to higher sales volumes and higher production rates resulting in reduced unabsorbed fixed production costs, lower raw material costs (primarily feedstock) and lower production costs primarily driven by the cost reduction initiatives implemented in the fourth quarter of 2025. These favorable factors were partially offset by higher energy and distribution costs as well as the unfavorable impact on changes in currency exchange rates. Fluctuations in currency exchange rates (primarily the euro) decreased our segment profit by approximately $5 million in the third quarter of 2026 and approximately $23 million in the first nine months of 2026 compared to the same prior year periods.<\/p>\n

Our net income (loss) before interest expense, income taxes and depreciation and amortization expense (EBITDA) (see description of non-GAAP information below) in the third quarter of 2026 was $72.7 million compared to EBITDA of $.6 million in the third quarter of 2025. For the first nine months of 2026, our EBITDA was $153.3 million compared to EBITDA of $74.0 million in the first nine months of 2025.<\/p>\n

Other income in the third quarter and first nine months of 2025 includes a non-cash pre-tax gain of $4.6 million ($3.6 million or $.03 per share, net of income tax expense) resulting from the remeasurement of the earn-out liability related to our 2024 acquisition of the remaining ownership interest in Louisiana Pigment Company, L.P.\u00a0 Our net income for the three and nine months ended September 30, 2026 includes a non-cash deferred income tax benefit of $12.1 million ($.11 per share) related to proposed currency regulations under \u00a7987 released in August, 2026. Our net income for the nine months ended September 30, 2026 also includes tax expense of $2.0 million ($.02 per share) to recognize an uncertain tax position related to a German tax audit. Our net loss for the three and nine months ended September 30, 2025 includes a non-cash deferred income tax expense of $19.3 million ($.17 per share) to reduce our net German deferred tax asset as a result of legislation enacted in Germany during the third quarter of 2025.<\/p>\n

\u201cOur third quarter results reflect continued execution of our strategic initiatives even though end use demand remains below historical levels,\u201d said Brian W. Christian, President and Chief Executive Officer. \u201cOperating results improved compared with the second quarter, supported by progress across our operational, commercial and cost reduction initiatives. Looking ahead, we expect normal seasonal trends to result in softer fourth quarter demand while our production volumes are expected to be lower due to the timing of recurring maintenance at several facilities.\u00a0 As a result,\u00a0our inventory levels are expected to remain below historical levels.\u00a0 We remain focused on the factors within our control, including operational performance, cost discipline, and cash generation.\u00a0 We believe the progress we are making provides a solid foundation as we move forward.\u201d<\/p>\n

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. Such statements by their nature involve substantial risks and uncertainties that could significantly impact expected results, and actual future results could differ materially from those described in such forward-looking statements. While it is not possible to identify all factors, we continue to face many risks and uncertainties. The factors that could cause actual future results to differ materially include, but are not limited to, the following:<\/p>\n