Higher sales volumes driven by stronger demand for TiO2 in major markets drive Kronos Worldwide's (KRO) top line in Q1.
Kronos Worldwide (KRO) delivered earnings and revenue surprises of 75% and 5.31%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Dallas, Texas, May 08, 2024 (GLOBE NEWSWIRE) -- Kronos Worldwide, Inc. (NYSE:KRO) today reported net income of $8.1 million, or $.07 per share, in the first quarter of 2024 compared to a net loss of $15.2 million, or $.13 per share, in the first quarter of 2023. Net income increased in the first quarter of 2024 as compared to the first quarter of 2023 primarily due to higher income from operations as a result of the net effect of higher sales and production volumes, lower average TiO2 selling pr