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Kronos Worldwide, Inc. produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. The company offers TiO2 in two crystalline forms comprising rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, including paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, foods, cosmetics, and pharmaceuticals. It also produces and sells ilmenite, a raw material used directly as a feedstock by sulfate-process TiO2 plants; iron-based chemicals, which are used as treatment and conditioning agents for industrial effluents and municipal wastewater, as well as in the manufacture of iron pigments, cement, and agricultural products; and specialty chemicals for use in the formulation of pearlescent pigments, and production of electroceramic capacitors for cell phones and other electronic devices, as well as for use in natural gas pipe and other specialty applications. In addition, the company provides technical services for its products. It sells its products under the KRONOS brand through agents and distributors to paint, plastics, decorative laminate, and paper manufacturers. The company was founded in 1916 and is headquartered in Dallas, Texas. Kronos Worldwide, Inc. is a subsidiary of Valhi, Inc.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.9B | $20M | $-111M | $-40M | -14.8% | -1.5% | -228.7% |
| 2024 | $1.9B | $257M | $86M | $43M | 10.6% | 13.2% | - |
| 2023 | $1.7B | $-3M | $-49M | $-42M | -6.1% | -13.7% | -147.0% |
| 2022 | $1.9B | $207M | $105M | $19M | 10.9% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 1,930.20 | 1,666.50 | 1,887.10 | 1,859.40 |
| Cost Of Revenue | 1,539.10 | 1,501.60 | 1,527.80 | 1,646.40 |
| Gross Profit | 391.10 | 164.90 | 359.30 | 213 |
| Operating Expense | 243 | 222.30 | 238 | 254.90 |
| Operating Income | 148.10 | -57.40 | 121.30 | -41.90 |
| EBITDA | 207 | -2.70 | 256.90 | 20.40 |
| EBIT | 150.80 | -55.80 | 192.50 | -44.40 |
| Pretax Income | 133.90 | -72.90 | 149.60 | -97.40 |
| Tax Provision | 29.40 | -23.80 | 63.40 | 13.50 |
| Net Income | 104.50 | -49.10 | 86.20 | -110.90 |
| Net Income Common Stockholders | 104.50 | -49.10 | 86.20 | -110.90 |
| Total Expenses | 1,782.10 | 1,723.90 | 1,765.80 | 1,901.30 |
| Interest Expense | 16.90 | 17.10 | 42.90 | 53 |
| Interest Income | 5.10 | 6.90 | 5.50 | 1.20 |
| Research And Development | 0 | 18 | 14 | 16 |
| Selling General And Administration | 231.30 | 193.20 | 211.60 | 229.20 |
| Normalized EBITDA | 196.50 | -3.10 | 254.10 | 12 |
| Normalized Income | 96.31 | -49.37 | 83.99 | -117.54 |
| Basic EPS | 0.90 | -0.43 | 0.75 | 0 |
| Diluted EPS | 0.90 | -0.43 | 0.75 | 0 |
| Tax Effect Of Unusual Items | 2.31 | 0.13 | 0.59 | 1.76 |
| Tax Rate For Calcs | 0.22 | 0.33 | 0.21 | 0.21 |
| Total Unusual Items | 10.50 | 0.40 | 2.80 | 8.40 |
| Total Unusual Items Excluding Goodwill | 10.50 | 0.40 | 2.80 | 8.40 |
| Net Income From Continuing Operation Net Minority Interest | 104.50 | -49.10 | 86.20 | -110.90 |
| Reconciled Depreciation | 56.20 | 53.10 | 64.40 | 64.80 |
| Reconciled Cost Of Revenue | 1,539.10 | 1,501.60 | 1,527.80 | 1,646.40 |
| Net Interest Income | -11.80 | -10.20 | -37.40 | -51.80 |
| Net Income From Continuing And Discontinued Operation | 104.50 | -49.10 | 86.20 | -110.90 |
| Total Operating Income As Reported | 159.60 | -56 | 122.90 | -36.50 |
| Diluted Average Shares | 115.50 | 115.10 | 115 | 0 |
| Basic Average Shares | 115.50 | 115.10 | 115 | 0 |
| Diluted NI Availto Com Stockholders | 104.50 | -49.10 | 86.20 | -110.90 |
| Net Income Including Noncontrolling Interests | 104.50 | -49.10 | 86.20 | -110.90 |
| Net Income Continuous Operations | 104.50 | -49.10 | 86.20 | -110.90 |
| Other Income Expense | -2.40 | -5.30 | 65.70 | -3.70 |
| Other Non Operating Income Expenses | -12.90 | -5.70 | 62.90 | -12.10 |
| Special Income Charges | 0 | 0 | 0 | 4.60 |
| Other Special Charges | 12.90 | 5.70 | 1.60 | 0 |
| Restructuring And Mergern Acquisition | 0 | 0 | 0 | -4.60 |
| Gain On Sale Of Security | 10.50 | 0.40 | 2.80 | 3.80 |
| Net Non Operating Interest Income Expense | -11.80 | -10.20 | -37.40 | -51.80 |
| Interest Expense Non Operating | 16.90 | 17.10 | 42.90 | 53 |
| Interest Income Non Operating | 5.10 | 6.90 | 5.50 | 1.20 |
| Other Operating Expenses | 11.70 | 11.10 | 12.40 | 9.70 |
| Selling And Marketing Expense | 0 | 101 | 115 | 126 |
| General And Administrative Expense | 246.40 | 92.20 | 96.60 | 103.20 |
| Other Gand A | 246.40 | 92.20 | 96.60 | 103.20 |
| Salaries And Wages | 12.90 | 5.70 | 0 | 0 |
| Operating Revenue | 1,930.20 | 1,666.50 | 1,887.10 | 1,859.40 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Kronos Worldwide, Inc.this co. | KRO | $826M | - | 1.10 | -14.8% | 81.56 |
| Ramaco Resources, Inc. | METC | $956M | - | 2.00 | -10.6% | 72.74 |
| Ferroglobe PLC | GSM | $839M | - | 1.41 | -24.7% | -28.41 |
| NWPX Infrastructure, Inc. | NWPX | $829M | 24.16 | 2.09 | 9.0% | 13.51 |
| Koppers Holdings Inc. | KOP | $798M | 13.91 |
| 1.36 |
| 9.8% |
| 7.98 |
| Dakota Gold Corp. | DC | $708M | - | 5.38 | -26.3% | -22.19 |
| Contango Silver & Gold Inc. | CTGO | $668M | - | 12.73 | -143.8% | -17.00 |
| AdvanSix Inc. | ASIX | $657M | 13.58 | 0.81 | 6.0% | 7.29 |
| Rayonier Advanced Materials Inc. | RYAM | $633M | - | 1.99 | -128.8% | 9.78 |
| Peer Median | - | 13.91 | 1.99 | -17.6% | 7.63 | |