KRONOS WORLDWIDE, INC. REPORTS THIRD QUARTER 2026 RESULTS
Key Highlights
- ➤Q3 net income $34.8 million versus prior-year net loss of $37.0 million
- ➤Q3 net sales $541.1 million, up 18% year over year
- ➤Q3 TiO2 segment profit $61.0 million versus prior-year loss of $15.3 million
- ➤Q4 demand expected softer seasonally; production volumes forecast lower amid maintenance
- ➤Average Q3 TiO2 selling prices rose 5% year over year
Expert Statements
Brian W. Christian, President and Chief Executive Officer of Kronos Worldwide, Inc.
“Our third quarter results reflect continued execution of our strategic initiatives even though end use demand remains below historical levels,”
Brian W. Christian, President and Chief Executive Officer of Kronos Worldwide, Inc.
“Operating results improved compared with the second quarter, supported by progress across our operational, commercial and cost reduction initiatives.”
Brian W. Christian, President and Chief Executive Officer of Kronos Worldwide, Inc.
“Looking ahead, we expect normal seasonal trends to result in softer fourth quarter demand while our production volumes are expected to be lower due to the timing of recurring maintenance at several facilities.”
Brian W. Christian, President and Chief Executive Officer of Kronos Worldwide, Inc.
“As a result, our inventory levels are expected to remain below historical levels.”
Brian W. Christian, President and Chief Executive Officer of Kronos Worldwide, Inc.
“We remain focused on the factors within our control, including operational performance, cost discipline, and cash generation.”
Brian W. Christian, President and Chief Executive Officer of Kronos Worldwide, Inc.
“We believe the progress we are making provides a solid foundation as we move forward.”
Dallas, Texas, Nov. 05, 2026 (GLOBE NEWSWIRE) -- Kronos Worldwide, Inc. (NYSE:KRO) today reported net income of $34.8 million, or $.30 per share, in the third quarter of 2026 compared to a net loss of $37.0 million, or $.32 per share, in the third quarter of 2025. For the first nine months of 2026, Kronos reported net income of $45.2 million, or $.39 per share, compared to a net loss of $28.1 million, or $.24 per share, in the first nine months of 2025. Net income increased in the third quarter and first nine months of 2026 compared to the same periods in 2025 primarily due to higher income from operations as a result of the effects of higher sales and production volumes, lower raw material costs (primarily feedstock costs) and lower production costs resulting from cost reduction initiatives implemented in the fourth quarter of 2025, partially offset by higher distribution costs. Additionally, average TiO(2) selling prices for the third quarter of 2026 were higher than the prior-year period. Our results of operations in the third quarter and first nine months of 2025 were significantly impacted by reduced demand in all major markets and unabsorbed fixed production costs due to reduced production volumes. Comparability of our results was also impacted by the effects of changes in currency exchange rates.
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