Kronos Worldwide, Inc. (N:KRO)
Business Focus: Commodity Chemicals
| Sector: Basic Materials | Industry: Commodity Chemicals |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 5430 LBJ Freeway, Suite 1700 DALLAS TX 75240 |
| Tel: | N/A |
| Website: | https://kronostio2.com/en |
| IR: | See website |
| Key People | ||
| James M. Buch President, Chief Executive Officer, Director | Andrew B. Nace Executive Vice President | Michael S. Simmons Vice Chairman of the Board |
| Tim C. Hafer Chief Financial Officer, Executive Vice President | Benjamin R. Corona President - Americas | Dennis Werner President - EMEAA |
| Brian W. Christian Chief Operating Officer, Executive Vice President | Rainer F. Gruber Executive Vice President, Chief Manufacturing and Technology Officer | John A. Sunny Executive Vice President, Chief Information Officer | Kristin B. Mccoy Executive Vice President - Global Tax |
| Business Overview |
| Kronos Worldwide, Inc. is a global producer and marketer of value-added titanium dioxide pigments, or TiO2, a base industrial product used in a wide range of applications. The Company, along with its distributors and agents, sells and provides technical services for its products. TiO2 is a white inorganic pigment used in applications, such as coatings, plastics and paper, as well as many specialty products such as inks, cosmetics and pharmaceuticals. The Company offers its customers a broad portfolio of products that include over 50 different TiO 2 pigment grades under the KRONOS trademark, which provide a variety of performance properties to meet customers' specific requirements. The Company manufactures and sells iron-based chemicals, which are co-products and processed co-products of the sulfate and chloride process TiO2 pigment production. It also manufactures and sells other specialty chemicals, which are side-stream products from the production of TiO2. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Kronos Worldwide, Inc. revenues decreased 14% to $1.67B. Net loss totaled $49.1M vs. income of $104.5M. Revenues reflect United States segment decrease of 16% to $1.03B, Germany segment decrease of 19% to $726.4M. Net loss reflects Currency transaction gains, net decrease of 88% to $1.4M (income), Interest expense increase of 1% to $17.1M (expense). Dividend per share remained flat at $0.76. |
| Employees: | 2,196 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,551M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,667M as of Dec 31, 2023 |
| EBITDA (TTM): | -$11.30M as of Dec 31, 2023 |
| Net annual income (TTM): | -$49.10M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$129.40M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $246.20M as of Dec 31, 2023 |
| Shares outstanding: | 115,027,016 as of Feb 29, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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