Quarterly ResultAug 5, 2026, 04:18 PM
Kronos Worldwide Q2 Net Income $15.2M, Sales Up 13%
AI Summary
Kronos Worldwide, Inc. reported a strong second quarter and first half of 2026, with net income reaching $15.2 million ($0.13 per share) in Q2, a significant improvement from a net loss in the prior year. Net sales for Q2 increased 13% to $558.1 million. The positive results were primarily driven by higher sales volumes, lower production costs due to cost reduction initiatives, and reduced raw material costs, despite being partially offset by lower average TiO2 selling prices and unfavorable currency exchange rates. The company's CEO noted solid progress and positive momentum entering the second half of 2026.
Key Highlights
- Net income for Q2 2026 was $15.2 million, or $0.13 per share, compared to a net loss of $9.2 million, or $0.08 per share, in Q2 2025.
- Net sales in Q2 2026 increased 13% to $558.1 million, up from $494.4 million in Q2 2025.
- Net income for the first six months of 2026 was $10.4 million, or $0.09 per share, up from $8.9 million, or $0.08 per share, in H1 2025.
- Net sales for the first six months of 2026 rose 9% to $1.1 billion, from $984.2 million in H1 2025.
- TiO2 segment profit was $41.0 million in Q2 2026, significantly up from $10.9 million in Q2 2025.
- EBITDA for Q2 2026 was $52.9 million, compared to $22.2 million in Q2 2025.
- TiO2 sales volumes increased 16% in Q2 2026 and 10% in H1 2026 compared to prior year periods.
- Average TiO2 selling prices increased 4% during the first six months of 2026.
Price Impact
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