Quarterly ResultMay 6, 2026, 04:18 PM
Kronos Worldwide Q1 Net Loss $4.8M vs. $18.1M Net Income YoY
AI Summary
Kronos Worldwide reported a net loss of $4.8 million, or $0.04 per share, in Q1 2026, a significant decline from net income of $18.1 million, or $0.16 per share, in Q1 2025. This was primarily driven by lower average TiO2 selling prices and production volumes, partially offset by higher sales volumes and reduced production costs due to Q4 2025 cost reduction initiatives. Net sales increased 4% to $509.8 million, benefiting from higher sales volumes and favorable currency exchange rates. The CEO noted a $74.5 million sequential improvement in segment profit, indicating positive early results from the restructuring efforts.
Key Highlights
- Net loss of $4.8 million ($.04 per share) in Q1 2026, compared to net income of $18.1 million ($.16 per share) in Q1 2025.
- Net sales increased 4% to $509.8 million in Q1 2026 from $489.8 million in Q1 2025.
- TiO2 segment profit decreased to $15.1 million in Q1 2026 from $41.6 million in Q1 2025.
- EBITDA was $27.7 million in Q1 2026, down from $51.2 million in Q1 2025.
- Sales volumes increased to 142 thousand metric tons in Q1 2026 from 136 thousand metric tons in Q1 2025.
- Production volumes decreased to 128 thousand metric tons in Q1 2026 from 143 thousand metric tons in Q1 2025.
- Average TiO2 selling prices increased 2% during the first quarter of 2026.
- Cost reduction initiatives implemented in Q4 2025 contributed to lower production costs.