Quarterly ResultAug 5, 2026, 04:21 PM
Kronos Worldwide Q2 Net Income $15.2M; YTD EPS $0.09
AI Summary
Kronos Worldwide reported a significant turnaround in the second quarter of 2026, achieving net income of $15.2 million, or $0.13 per share, compared to a net loss in the prior year. For the first six months of 2026, net income increased to $10.4 million on higher net sales of $1,067.9 million. This improvement was primarily driven by higher sales volumes, lower production costs from cost reduction initiatives, and reduced raw material costs, partially offset by lower average TiO2 selling prices and a $2.0 million income tax expense related to a German tax audit.
Key Highlights
- Q2 2026 net income was $15.2M, a significant improvement from a $9.2M net loss in Q2 2025.
- Q2 2026 diluted EPS was $0.13, up from a $(0.08) loss per share in Q2 2025.
- Six-month 2026 net sales increased to $1,067.9M from $984.2M in the prior year period.
- Six-month 2026 net income rose to $10.4M, compared to $8.9M in the first six months of 2025.
- Net cash provided by operating activities for six months 2026 was $2.0M, a significant improvement from $(81.7)M used in 2025.
- Long-term debt increased to $569.6M at June 30, 2026, from $557.4M at December 31, 2025.
- Six-month 2026 net income includes a $2.0M income tax expense for an uncertain German tax position.
- Dividends paid were $0.10 per share for the six months ended June 30, 2026.
Price Impact
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