{"id":959276,"date":"2026-05-06T18:40:14","date_gmt":"2026-05-06T22:40:14","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/kronos-worldwide-inc-reports-first-quarter-2026-results\/"},"modified":"2026-05-06T18:40:14","modified_gmt":"2026-05-06T22:40:14","slug":"kronos-worldwide-inc-reports-first-quarter-2026-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/kronos-worldwide-inc-reports-first-quarter-2026-results\/","title":{"rendered":"KRONOS WORLDWIDE, INC. REPORTS FIRST QUARTER 2026 RESULTS"},"content":{"rendered":"
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DALLAS, TEXAS, May 06, 2026 (GLOBE NEWSWIRE) — Kronos Worldwide, Inc. (NYSE:KRO) today reported a net loss of $4.8 million, or $.04 per share, in the first quarter of 2026 compared to net income of $18.1 million, or $.16 per share, in the first quarter of 2025. Net income decreased in the first quarter of 2026 compared to the prior year period primarily due to lower income from operations as a result of lower average TiO2<\/sub> selling prices and lower production volumes, partially offset by higher sales volumes and lower production costs driven primarily by cost reduction initiatives implemented in the fourth quarter of 2025 to structurally realign our operations, as well as lower raw material and energy costs. Comparability of our results was also impacted by the effects of changes in currency exchange rates.<\/p>\n

Net sales of $509.8 million in the first quarter of 2026 were $20.0 million, or 4%, higher than in the first quarter of 2025. Net sales increased in the first quarter of 2026 compared to the first quarter of 2025 primarily due to the effects of higher sales volumes in our North American, Latin American and export markets and the favorable impact of changes in currency exchange rates (primarily the euro), which we estimate increased our net sales by approximately $30 million. These increases were partially offset by lower sales volumes in our European market and lower average TiO2<\/sub> selling prices. We started 2026 with average TiO2<\/sub> selling prices lower than at the beginning of 2025; however, our average TiO2 <\/sub>selling prices increased 2% during the first quarter of 2026 as we work to recover pricing lost during 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 $15.1 million in the first quarter of 2026 compared to $41.6 million in the first quarter of 2025. Segment profit decreased in the first quarter of 2026 compared to the first quarter of 2025 primarily due to the effects of lower average TiO2<\/sub> selling prices, lower production volumes, and the unfavorable impact of changes in currency exchange rates, partially offset by higher sales volumes and lower production costs. Lower production costs benefited in part from cost reduction initiatives implemented in the fourth quarter of 2025, including workforce reductions and other measures, which were designed to permanently improve our cost structure and enable more efficient operation of our facilities at lower production rates for extended periods. Fluctuations in currency exchange rates (primarily the euro) decreased our segment profit by approximately $6 million in the first quarter of 2026 compared to the first quarter of 2025.<\/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 first quarter of 2026 was $27.7 million compared to EBITDA of $51.2 million in the first quarter of 2025.<\/p>\n

\u201cThe fourth quarter of 2025 reflected the difficult actions we took to structurally realign our operations, which contributed to a segment loss of $59.4 million and negative EBITDA in that period,\u201d said Brian W. Christian, President and Chief Executive Officer. \u201cThose actions, together with several other strategic initiatives, were designed to permanently improve our cost structure, and we are encouraged by the $74.5 million sequential improvement in segment profit in the first quarter as these actions begin to benefit our results. We remain focused on executing our pricing and cost initiatives to drive further improvement.\u201d<\/p>\n

Our net loss for the three months ended March 31, 2026 includes an income tax expense of $2.0 million ($.02 per share) to recognize an uncertain tax position related to a German tax audit.<\/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