KRONOS WORLDWIDE INC
Business
Kronos Worldwide Inc. is a global producer and marketer of titanium dioxide (TiO2) pigments used for whiteness and opacity in coatings, plastics, and paper. The company operates six manufacturing facilities across Europe and North America using chloride and sulfate production processes, and owns an ilmenite mine in Norway. Kronos produces iron-based and specialty chemicals as co-products and sells over 30 TiO2 grades under the KRONOS trademark to approximately 3,000 customers.
Summary from 10-K filed 2026-03-09
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 1,859 | 1,887 | 1,667 | 1,930 | 1,939 | |
| Cost of sales | 1,646 | 1,528 | 1,502 | 1,539 | 1,493 | |
| Gross margin | 213 | 359 | 165 | 391 | 446 | |
| Selling, general and administrative expense | 245 | 226 | 211 | 231 | 249 | |
| Currency transactions, net | 5 | 2 | 1 | 12 | 2 | |
| Other income, net | 4 | 2 | 3 | 3 | 3 | |
| Corporate expense | −13 | −15 | −14 | −15 | −15 | |
| Income (loss) from operations | −37 | 123 | −56 | 160 | 187 | |
| Gain on remeasurement of investment in TiO2 manufacturing joint venture | — | 65 | — | — | — | |
| Gain on remeasurement of earn-out liability | 5 | — | — | — | — | |
| Interest and dividend income | 1 | 6 | 7 | 5 | 400,000 | |
| Marketable equity securities | −2 | 1 | −1 | −1 | 2 | |
| Other components of net periodic pension and OPEB cost | −12 | −2 | −6 | −13 | −17 | |
| Interest expense | −53 | −43 | −17 | −17 | — | |
| Income (loss) before income taxes | −97 | 150 | −73 | 134 | 153 | |
| Income tax expense (benefit) | 14 | 63 | −24 | 29 | 41 | |
| Net income (loss) | −111 | 86 | −49 | 105 | 113 | |
| Net income (loss) per share - basic (in dollars per share) | −0.96 | 0.75 | −0.43 | 0.9 | 0.98 | |
| Net income (loss) per share - diluted (in dollars per share) | −0.96 | 0.75 | −0.43 | 0.9 | 0.98 | |
| Weighted average shares used in the calculation of net income (loss) per share - basic (in shares) | 115 | 115 | 115 | 116 | 115.5 | |
| Weighted average shares used in the calculation of net income (loss) per share - diluted (in shares) | 115 | 115 | 115 | 116 | 115.5 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 33 | 107 | 195 | 328 | 406 | |
| Restricted cash | 4 | 3 | 2 | 2 | 2 | |
| Accounts and other receivables, net | 284 | 291 | 295 | 252 | 361 | |
| Receivables from affiliates | 3 | 600,000 | 17 | 3 | — | |
| Inventories, net | 629 | 657 | 565 | 609 | 432 | |
| Prepaid expenses and other | 41 | 47 | 43 | 49 | 39 | |
| Total current assets | 995 | 1,105 | 1,117 | 1,242 | 1,258 | |
| Restricted cash | 6 | 5 | 5 | 5 | 5 | |
| Marketable securities | 2 | 3 | 2 | 3 | 4 | |
| Operating lease right-of-use assets | 20 | 21 | 23 | 22 | 20 | |
| Deferred income taxes | 36 | 55 | 83 | 52 | 107 | |
| Goodwill | 3 | 3 | — | — | — | |
| Other | 32 | 28 | 13 | 13 | 14 | |
| Total other assets | 98 | 114 | 238 | 208 | 251 | |
| Land | 79 | 74 | 45 | 42 | 44 | |
| Buildings | 280 | 254 | 237 | 215 | 222 | |
| Equipment | 1,459 | 1,307 | 1,172 | 1,093 | 1,122 | |
| Mining properties | 134 | 116 | 131 | 120 | 130 | |
| Construction in progress | 45 | 41 | 23 | 77 | 73 | |
| Gross property and equipment | 1,997 | 1,792 | 1,607 | 1,546 | 1,591 | |
| Less accumulated depreciation and amortization | 1,273 | 1,097 | 1,124 | 1,061 | 1,087 | |
| Net property and equipment | 724 | 694 | 483 | 485 | 503 | |
| Total assets | 1,817 | 1,914 | 1,838 | 1,934 | 2,013 | |
| Current maturities of long-term debt | — | 78 | — | 1 | 1 | |
| Accounts payable and accrued liabilities | 353 | 358 | 324 | 289 | 257 | |
| Payables to affiliates | 1 | 18 | 31 | 23 | — | |
| Income taxes | 14 | 22 | 15 | 13 | 12 | |
| Total current liabilities | 369 | 477 | 371 | 327 | 289 | |
| Long-term debt | 557 | 429 | 441 | 424 | 450 | |
| Accrued pension costs | 81 | 118 | 150 | 129 | 287 | |
| Operating lease liabilities | 16 | 17 | 19 | 17 | 16 | |
| Deferred income taxes | 15 | 25 | 9 | 26 | 28 | |
| Other | 28 | 32 | 22 | 21 | 28 | |
| Total noncurrent liabilities | 697 | 620 | 659 | 651 | 854 | |
| Common stock, $.01 par value; 240.0 shares authorized; 115.0 shares issued and outstanding | 1 | 1 | 1 | 1 | 1 | |
| Additional paid-in capital | 1,390 | 1,390 | 1,390 | 1,394 | 1,395 | |
| Retained deficit | −345 | −211 | −242 | −105 | −122 | |
| Accumulated other comprehensive loss | −296 | −364 | −341 | −332 | −404 | |
| Total stockholders' equity | 751 | 817 | 808 | 957 | 870 | |
| Total liabilities and stockholders' equity | 1,817 | 1,914 | 1,838 | 1,934 | 2,013 | |
| Commitments and contingencies (Notes 5, 12 and 15) | — | — | — | — | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net income (loss) | −111 | 86 | −49 | 105 | 113 | |
| Depreciation | 61 | 60 | 49 | 52 | 51 | |
| Amortization of operating lease right-of-use assets | 4 | 4 | 5 | 5 | 7 | |
| Premium on issuance of senior secured notes | 4 | 6 | — | — | — | |
| Deferred income taxes | −500,000 | 31 | −39 | −1 | 14 | |
| Benefit plan expense greater (less) than cash funding | −7 | −8 | −5 | — | — | |
| Loss on pension plan termination | 9 | — | — | — | — | |
| Distributions from (contributions to) TiO2 manufacturing joint venture, net | — | −3 | 3 | −11 | 4 | |
| Fixed asset impairment | 0 | 0 | 4 | — | — | |
| Other, net | −1 | 4 | 2 | 4 | 800,000 | |
| Accounts and other receivables, net | 32 | −8 | −44 | 86 | −59 | |
| Inventories, net | 77 | −43 | 56 | −198 | 66 | |
| Prepaid expenses | 10 | −6 | 6 | −13 | −21 | |
| Accounts payable and accrued liabilities | −26 | 12 | 34 | 37 | 47 | |
| Income taxes | −11 | 9 | 8 | −100,000 | −2 | |
| Accounts with affiliates | −31 | −7 | −26 | 9 | −26 | |
| Other noncurrent assets | 400,000 | −200,000 | 800,000 | 300,000 | −5 | |
| Other noncurrent liabilities | −5 | 1 | 600,000 | −700,000 | 6 | |
| Net cash provided by operating activities | 3 | 73 | 6 | 82 | 207 | |
| Capital expenditures | −43 | −30 | −47 | −63 | −59 | |
| Acquisition of remaining TiO2 manufacturing joint venture interest, net of cash acquired | — | −157 | — | — | — | |
| Net cash used in investing activities | −43 | −186 | −47 | −63 | −59 | |
| Borrowings | 639 | 159 | — | — | — | |
| Payments | −650 | −149 | — | — | — | |
| Payments on long-term debt | −88 | −53 | −1 | −1 | −1 | |
| Proceeds from issuance of senior secured notes | 88 | 80 | — | — | — | |
| Loan from Contran | — | 54 | — | — | — | |
| Deferred financing fees | −2 | −9 | −100,000 | −100,000 | −2 | |
| Dividends paid | −23 | −55 | −88 | −88 | −83 | |
| Treasury stock acquired | — | — | −3 | −2 | −200,000 | |
| Net cash provided by (used in) financing activities | −36 | 27 | −92 | −92 | −87 | |
| Operating, investing and financing activities | −77 | −87 | −134 | −73 | 61 | |
| Effect of currency exchange rate changes on cash | 5 | −100,000 | 1 | −5 | −11 | |
| Net change for the year | −72 | −87 | −133 | −78 | 51 | |
| Interest, net of amount capitalized | 47 | 38 | 16 | 16 | 18 | |
| Income taxes | 45 | 35 | 17 | 37 | 42 | |
| Change in accruals for capital expenditures | 7 | 7 | 1 | 7 | 5 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is KRONOS WORLDWIDE INC's CIK number?
KRONOS WORLDWIDE INC's SEC CIK number is 0001257640 (1257640). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find KRONOS WORLDWIDE INC's SEC filings?
All of KRONOS WORLDWIDE INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did KRONOS WORLDWIDE INC last report earnings?
KRONOS WORLDWIDE INC (KRO) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001257640-26-000023). This is KRONOS WORLDWIDE INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is KRONOS WORLDWIDE INC's most recent earnings 8-K?
KRONOS WORLDWIDE INC's latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001257640-26-000023. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View KRONOS WORLDWIDE INC's latest earnings 8-K →
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