Core Viewpoint - Kronos Worldwide, Inc. announced the sale of €75 million in additional 9.50% Senior Secured Notes due 2029 through an institutional private placement, which will be issued as additional notes to existing notes previously issued [1][3] Group 1: Notes Issuance - The additional notes will have the same terms as the existing notes, except for the issuance date and price [1] - The notes were oversubscribed and priced at a premium of 105%, with expected proceeds of approximately €78.8 million (around $91.9 million) before fees and expenses [3] - The closing of this offering is anticipated to occur on or about September 15, 2025, subject to customary closing conditions [3] Group 2: Use of Proceeds - The company intends to use the proceeds to pay amounts due under its 3.75% Senior Secured Notes maturing on September 15, 2025, or to repay any amounts drawn under its global revolving credit facility with Wells Fargo [3] - Any remaining net proceeds will be allocated for general corporate purposes [3] Group 3: Company Overview - Kronos Worldwide, Inc. is a leading global producer and marketer of titanium dioxide pigments, serving approximately 3,000 customers in 100 countries, primarily in Europe, North America, and the Asia Pacific region [6] - The company has developed considerable expertise in the manufacture, sale, shipment, and service of its products in both domestic and international markets [6]

Core Viewpoint - Kronos Worldwide, Inc. is raising €75 million through a private offering of additional 9.50% Senior Secured Notes due 2029, which will be issued by its subsidiary, Kronos International, Inc. [1] Group 1: Offering Details - The new Notes will be offered as additional notes to the existing €351,174,000 aggregate principal amount of 9.50% Senior Secured Notes due 2029 issued earlier in 2024 [1] - The Notes will have the same terms as the Existing Notes, except for the issuance date and issue price, and will initially trade under different ISIN and Common Code numbers [1] - The offering is subject to market conditions and the proceeds will be used to pay off existing 3.75% Senior Secured Notes due September 15, 2025, or to repay amounts drawn from a revolving credit facility [3] Group 2: Guarantees and Security - The Notes will be fully guaranteed on a senior basis by the Company and its domestic, wholly-owned subsidiaries, secured by first-priority security interests in certain assets [2] Group 3: Company Overview - Kronos Worldwide, Inc. is a leading global producer of titanium dioxide pigments, serving approximately 3,000 customers in 100 countries, with a significant presence in Europe, North America, and the Asia Pacific region [6]

Core Insights - Kronos Worldwide, Inc. (KRO) reported a second-quarter 2025 loss of 8 cents per share, a decline from earnings of 17 cents in the same quarter last year, and missed the Zacks Consensus Estimate of earnings of 13 cents [1][8] - Net sales decreased by approximately 1.2% year over year to $494.4 million, primarily due to lower average titanium dioxide (TiO2) selling prices, an unfavorable product mix, and reduced sales volumes in export markets, partially offset by higher sales volumes in North America. This figure also missed the Zacks Consensus Estimate of $501 million [2][8] KRO's Volumes and Pricing - TiO2 production volumes fell by 8.8% year over year to 125 thousand metric tons in the second quarter, while TiO2 sales volumes decreased by 1.5% to 132 thousand metric tons [3] KRO's Financials - The company ended the quarter with cash and cash equivalents of $18.9 million and long-term debt of $501.4 million [5] KRO's Segment Performance - TiO2 segment profit was reported at $10.9 million, down from $41.1 million a year ago, primarily due to reduced operating income from unfavorable fixed cost absorption, higher-cost inventory from the previous quarter, and currency fluctuations [4] KRO's Outlook - The company anticipates continued demand pressure until tariff uncertainties are resolved, with unclear potential impacts from global tariff and trade tensions on demand for the remainder of 2025. Customer inventory levels are expected to remain low, and customers are hesitant to rebuild stock, leading to shorter order notices [6][8] KRO's Price Performance - Shares of Kronos have declined by 48.7% over the past year, compared to a 23.8% decline in the industry [7]

Core Insights - NL Industries reported a significant decline in GAAP net profit for Q2 2025, primarily due to challenges in the Kronos Worldwide chemical segment, despite growth in the CompX components business [1][2][3] Financial Performance - GAAP earnings per share (EPS) for Q2 2025 were $0.01, missing analyst estimates of $0.19 and down from $0.16 in Q2 2024, representing a 93.8% year-over-year decline [2][1] - Net income attributable to NL stockholders fell to $0.3 million from $7.9 million in Q2 2024, marking a 96.2% decrease [2][1] - Income from operations increased to $2.8 million from $0.8 million in Q2 2024, reflecting a 250% improvement [2] - Kronos' net sales decreased by 1% year-over-year, totaling $494.4 million in Q2 2025, driven by lower TiO2 selling prices and reduced export sales volumes [5][2] Segment Analysis - Kronos Worldwide, the primary value driver for NL Industries, experienced a significant operational downturn, with an equity loss of $2.8 million compared to a profit of $6.0 million in Q2 2024 [7][1] - CompX reported a strong performance with net sales rising 12.3% to $40.3 million, and segment profit increasing from $5.1 million to $6.3 million, driven by higher sales in government security and marine markets [9][1] Market Conditions - Demand for titanium dioxide (TiO2) has softened due to global uncertainties, including U.S. trade policies and geopolitical tensions, leading to cautious inventory management by customers [4][11] - Average TiO2 selling prices declined by 4% in the first half of 2025, with a 1% decrease noted in Q2 2025 compared to Q2 2024 [10][11] Operational Factors - Kronos operated at 81% capacity in Q2 2025, down from 99% in Q2 2024, resulting in $20 million of unabsorbed fixed costs due to reduced utilization rates [6][11] - CompX's growth was supported by strong demand in security products and marine hardware, with improved gross margins across product lines [9][11] Strategic Outlook - NL Industries did not provide forward guidance for upcoming quarters, citing ongoing risks related to market conditions and raw material costs [13][14] - Investors are advised to monitor trends in TiO2 demand, pricing, and capacity utilization, as well as the integration of the Louisiana Pigment Company [14][13]

Company Performance - Kronos Worldwide reported a quarterly loss of $0.08 per share, missing the Zacks Consensus Estimate of $0.13, and down from earnings of $0.17 per share a year ago, representing an earnings surprise of -161.54% [1] - The company posted revenues of $494.4 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 1.32%, and down from $500.5 million in the same quarter last year [2] - Over the last four quarters, Kronos Worldwide has surpassed consensus EPS estimates only once and has topped consensus revenue estimates just once [2] Stock Performance - Kronos Worldwide shares have declined approximately 43.6% since the beginning of the year, contrasting with the S&P 500's gain of 7.1% [3] - The current Zacks Rank for Kronos Worldwide is 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.14 on revenues of $484.36 million, and for the current fiscal year, it is $0.53 on revenues of $1.9 billion [7] - The trend of estimate revisions for Kronos Worldwide was unfavorable prior to the earnings release, which may impact future stock movements [5][6] Industry Context - The Chemical - Diversified industry, to which Kronos Worldwide belongs, is currently ranked in the bottom 7% of over 250 Zacks industries, suggesting a challenging environment [8]

[Financial Performance Summary](index=1&type=section&id=Financial%20Performance%20Summary) Kronos Worldwide experienced a net loss in Q2 2025 and reduced net income year-to-date, primarily due to lower production volumes and unabsorbed fixed costs, despite stable net sales [Net Income and Earnings Per Share (EPS)](index=1&type=section&id=Net%20Income%20and%20Earnings%20Per%20Share%20(EPS)) Kronos Worldwide reported a net loss in Q2 2025 and a significant decline in year-to-date net income and EPS, driven by unabsorbed fixed costs | Metric | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :--- | :--- | :--- | :--- | :--- | | **Net Income (Loss)** | ($9.2 M) | $19.5 M | $8.9 M | $27.6 M | | **EPS (diluted)** | ($0.08) | $0.17 | $0.08 | $0.24 | - The decrease in net income for both Q2 and the first six months of 2025 was primarily driven by **lower production volumes**, leading to **higher unabsorbed fixed costs**[1](index=1&type=chunk) [Net Sales Analysis](index=1&type=section&id=Net%20Sales%20Analysis) Net sales in Q2 2025 slightly decreased due to lower TiO2 selling prices and export volumes, while year-to-date sales saw a modest increase | Period | Net Sales | Change YoY | | :--- | :--- | :--- | | **Q2 2025** | $494.4 M | -1% | | **YTD 2025** | $984.2 M | +1% | - Q2 2025 sales were negatively impacted by **lower average TiO2 selling prices (-1%)**, **changes in product mix (-1%)**, and **lower sales volumes in export markets** This was partially offset by **higher sales volumes in North America** and a **positive currency effect (+2%)**[2](index=2&type=chunk)[15](index=15&type=chunk) - Market conditions in the first half of 2025 were affected by **global uncertainty**, **geopolitical tensions**, and **customer hesitancy to build inventories**, which deferred anticipated market recovery and impacted sales volumes and pricing[2](index=2&type=chunk) [Segment Profit and EBITDA (Non-GAAP)](index=1&type=section&id=Segment%20Profit%20and%20EBITDA%20(Non-GAAP)) TiO2 segment profit and EBITDA significantly declined in Q2 and year-to-date 2025, primarily due to unfavorable fixed cost absorption from reduced production | Metric | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :--- | :--- | :--- | :--- | :--- | | **Segment Profit** | $10.9 M | $41.1 M | $52.5 M | $64.5 M | | **EBITDA** | $22.2 M | $56.2 M | $73.4 M | $87.9 M | - The decrease in Q2 segment profit was primarily due to **unfavorable fixed cost absorption from reduced operating rates**, **higher cost inventory**, and **currency fluctuations**[3](index=3&type=chunk) - **Unabsorbed fixed production costs** related to decreased production volumes were approximately **$20 million in Q2 2025** and **$18 million for the first six months of 2025**[3](index=3&type=chunk) [Operational Highlights](index=1&type=section&id=Operational%20Highlights) Operational highlights include reduced production capacity utilization in H1 2025, contributing to higher unabsorbed costs, and the acquisition of Louisiana Pigment Company [Production and Capacity Utilization](index=3&type=section&id=Production%20and%20Capacity%20Utilization) Production capacity utilization significantly decreased in Q2 and H1 2025, notably to 81% in Q2, leading to increased unabsorbed fixed costs Capacity Utilization | Period | 2025 Utilization | 2024 Utilization | | :--- | :--- | :--- | | **Q1** | 93% | 87% | | **Q2** | 81% | 99% | | **H1** | 87% | 93% | Production Volumes | Period | 2025 Production (k tons) | 2024 Production (k tons) | | :--- | :--- | :--- | | **Q2** | 125 | 137 | | **H1** | 268 | 258 | [Corporate Developments](index=1&type=section&id=Corporate%20Developments) Kronos Worldwide acquired the remaining 50% interest in Louisiana Pigment Company, L.P. in July 2024, making it a wholly-owned subsidiary - The company acquired the remaining **50% interest in Louisiana Pigment Company, L.P. (LPC)** on **July 16, 2024**, making it a **wholly-owned subsidiary** LPC's results are included in Kronos's operations from that date[1](index=1&type=chunk) [Financial Statements and Reconciliations](index=5&type=section&id=Financial%20Statements%20and%20Reconciliations) This section presents detailed unaudited financial statements, including consolidated statements of operations and reconciliations of non-GAAP measures like Segment Profit and EBITDA [Condensed Consolidated Statements of Operations](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) The statement details the company's financial performance, showing declines in gross margin, income from operations, and a net loss in Q2 2025 Key Financial Metrics (in millions) | Metric | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :--- | :--- | :--- | :--- | :--- | | **Net Sales** | $494.4 | $500.5 | $984.2 | $979.3 | | **Gross Margin** | $62.8 | $100.2 | $169.7 | $171.7 | | **Income from Operations** | $7.4 | $35.9 | $45.8 | $55.4 | | **Net Income (Loss)** | ($9.2) | $19.5 | $8.9 | $27.6 | TiO2 Volumes (in thousands of metric tons) | Metric | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :--- | :--- | :--- | :--- | :--- | | **Sales Volumes** | 132 | 134 | 268 | 264 | | **Production Volumes** | 125 | 137 | 268 | 258 | [Reconciliation of Non-GAAP Measures](index=6&type=section&id=Reconciliation%20of%20Non-GAAP%20Measures) This section reconciles non-GAAP financial measures, bridging Income from Operations to Segment Profit and Net Income (Loss) to EBITDA Reconciliation to Segment Profit (in millions) | Metric | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :--- | :--- | :--- | :--- | :--- | | **Income from Operations** | $7.4 | $35.9 | $45.8 | $55.4 | | **Segment Profit** | $10.9 | $41.1 | $52.5 | $64.5 | Reconciliation to EBITDA (in millions) | Metric | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :--- | :--- | :--- | :--- | :--- | | **Net Income (Loss)** | ($9.2) | $19.5 | $8.9 | $27.6 | | **EBITDA** | $22.2 | $56.2 | $73.4 | $87.9 | [Forward-Looking Statements and Risk Factors](index=3&type=section&id=Forward-Looking%20Statements%20and%20Risk%20Factors) The company identifies key forward-looking statements and risks, including those related to TiO2 supply and demand, raw material costs, global economic conditions, and competitive pressures - Management has identified several key risks that could affect future performance, including: * **Future supply and demand for TiO2 products** * **Changes in raw material and energy costs** * **General global economic and political conditions**, including tariffs and trade policies * **Operating interruptions and technology-related disruptions** * **Competition from other producers**, including Chinese suppliers * **Fluctuations in currency exchange rates**[7](index=7&type=chunk)[10](index=10&type=chunk)

[Part I. Financial Information](index=3&type=section&id=Part%20I.%20FINANCIAL%20INFORMATION) [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) This section presents Kronos Worldwide, Inc.'s unaudited condensed consolidated financial statements for Q2 and H1 2025, detailing financial performance, position, and cash flows, along with significant accounting notes [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets increased to **$1,940.4 million** by June 30, 2025, driven by property and equipment, while total liabilities grew due to long-term debt, resulting in a modest rise in stockholders' equity Condensed Consolidated Balance Sheet Highlights (In millions) | Balance Sheet Item | Dec 31, 2024 | June 30, 2025 | | :--- | :--- | :--- | | **Total current assets** | $1,105.3 | $1,087.6 | | Cash and cash equivalents | $106.7 | $18.9 | | Net property and equipment | $694.1 | $731.2 | | **Total assets** | **$1,913.5** | **$1,940.4** | | **Total current liabilities** | $476.6 | $390.2 | | Long-term debt | $429.1 | $501.4 | | **Total liabilities** | $996.5 | $1,093.6 | | **Total stockholders' equity** | $817.0 | $846.8 | [Condensed Consolidated Statements of Operations](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) The company reported a **net loss of $9.2 million** in Q2 2025 and a significant decline in H1 2025 net income, primarily due to increased cost of sales and compressed gross margins Key Operating Results (In millions, except per share data) | Metric | Q2 2024 | Q2 2025 | H1 2024 | H1 2025 | | :--- | :--- | :--- | :--- | :--- | | Net sales | $500.5 | $494.4 | $979.3 | $984.2 | | Gross margin | $100.2 | $62.8 | $171.7 | $169.7 | | Income from operations | $35.9 | $7.4 | $55.4 | $45.8 | | Net income (loss) | $19.5 | $(9.2) | $27.6 | $8.9 | | Net income (loss) per share | $0.17 | $(0.08) | $0.24 | $0.08 | [Condensed Consolidated Statements of Comprehensive Income](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income) Comprehensive income decreased to **$5.4 million** in Q2 2025 but significantly increased to **$41.2 million** for H1 2025, largely driven by positive currency translation adjustments Comprehensive Income Summary (In millions) | Metric | Q2 2024 | Q2 2025 | H1 2024 | H1 2025 | | :--- | :--- | :--- | :--- | :--- | | Net income (loss) | $19.5 | $(9.2) | $27.6 | $8.9 | | Currency translation | $1.9 | $14.2 | $(18.7) | $31.5 | | **Comprehensive income** | **$21.9** | **$5.4** | **$9.9** | **$41.2** | [Condensed Consolidated Statements of Stockholders' Equity](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders%27%20Equity) Total stockholders' equity increased to **$846.8 million** by June 30, 2025, primarily due to other comprehensive income, despite reduced dividends per share - Dividends paid per share were reduced to **$0.10** in the first six months of 2025, compared to **$0.38** in the same period of 2024[20](index=20&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash used in operating activities significantly increased to **$81.7 million** in H1 2025 due to unfavorable working capital and lower net income, while financing activities provided cash Cash Flow Summary (In millions) | Cash Flow Activity | Six months ended June 30, 2024 | Six months ended June 30, 2025 | | :--- | :--- | :--- | | Net cash used in operating activities | $(5.1) | $(81.7) | | Cash flows from investing activities | $(8.1) | $(23.2) | | Net cash provided by (used in) financing activities | $(48.4) | $13.9 | | **Net change in cash** | **$(61.6)** | **$(91.0)** | [Notes to Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Notes detail the full consolidation of LPC, a decline in TiO2 segment profit, an amended Global Revolver increasing borrowing capacity, and expected deferred tax expense from German tax rate changes - Effective July 16, 2024, the company acquired the remaining 50% interest in Louisiana Pigment Company, L.P. (LPC), making it a wholly-owned subsidiary. LPC's results are consolidated from that date[26](index=26&type=chunk)[61](index=61&type=chunk) - In July 2025, the company amended its Global Revolver, increasing the maximum borrowing amount from **$300 million** to **$350 million**[38](index=38&type=chunk) - Germany enacted legislation that will reduce the corporate tax rate starting in 2028. The company expects to record a deferred income tax expense of **$20 million to $23 million** in Q3 2025 as a result[51](index=51&type=chunk) TiO2 Segment Profit (In millions) | Period | 2024 | 2025 | | :--- | :--- | :--- | | Three months ended June 30 | $41.1 | $10.9 | | Six months ended June 30 | $64.5 | $52.5 | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=23&type=section&id=Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes the decline in Q2 and H1 2025 profitability to lower production volumes and higher costs, while addressing industry uncertainty, LPC integration, and strengthened liquidity [Results of Operations](index=23&type=section&id=Results%20of%20Operations) Q2 2025 saw a 1% net sales decrease and gross margin compression due to rising costs, while H1 2025 net sales increased 1% but gross margin still compressed due to reduced production rates and lower capacity utilization - Net income decreased in Q2 2025 primarily due to lower production volumes, which resulted in lower absorption of fixed production costs[71](index=71&type=chunk) Production Capacity Utilization Rates | Period | 2024 | 2025 | | :--- | :--- | :--- | | First Quarter | 87% | 93% | | Second Quarter | 99% | 81% | - For Q2 2025, changes in currency exchange rates increased net sales by approximately **$8 million** and segment profit by approximately **$14 million** compared to Q2 2024[85](index=85&type=chunk)[91](index=91&type=chunk)[110](index=110&type=chunk) [Outlook](index=37&type=section&id=Outlook) Management anticipates lower full-year 2025 operating results due to weak demand, pricing pressures, and lower fixed cost absorption, despite moderating raw material costs - The company expects to report lower operating results for the full year of 2025 as compared to 2024 due to weaker demand, pricing pressures, and lower fixed cost absorption[120](index=120&type=chunk) - Customer demand slowed in Q2 2025 and is expected to remain challenging due to high interest rates, inflation, and global tariff/trade tensions[119](index=119&type=chunk) - Raw material, energy, and other input costs are trending lower, with benefits expected to be reflected in operating results in the second half of 2025[120](index=120&type=chunk) [Liquidity and Capital Resources](index=39&type=section&id=Liquidity%20and%20Capital%20Resources) Liquidity is primarily from operating cash flows and the revolving credit facility, with cash used in operations significantly increasing in H1 2025, prompting an increase in Global Revolver capacity - Cash used for operating activities increased to **$81.7 million** in H1 2025 from **$5.1 million** in H1 2024, primarily due to unfavorable changes in working capital and lower income[126](index=126&type=chunk)[131](index=131&type=chunk) - In July 2025, the company increased its Global Revolver borrowing capacity to **$350 million** to provide additional liquidity for general corporate purposes and to support near-term debt maturities, including the **€75 million** notes due September 2025[122](index=122&type=chunk)[132](index=132&type=chunk) - Capital expenditures for 2025 are planned to be approximately **$45 million**, with **$23.2 million** spent through June 30, 2025[140](index=140&type=chunk) [Quantitative and Qualitative Disclosure About Market Risk](index=43&type=section&id=Quantitative%20and%20Qualitative%20Disclosure%20About%20Market%20Risk) No material changes in market risks, including currency, interest rates, equity, and raw material prices, have occurred since the 2024 Annual Report filing - There have been no material changes in market risks (currency exchange rates, interest rates, equity security, and raw material prices) since the 2024 Annual Report[145](index=145&type=chunk) [Controls and Procedures](index=43&type=section&id=Controls%20and%20Procedures) The CEO and CFO concluded that disclosure controls and procedures were effective as of June 30, 2025, with no material changes to internal control over financial reporting - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of June 30, 2025[146](index=146&type=chunk) - No material changes to internal control over financial reporting were identified during the quarter ended June 30, 2025[149](index=149&type=chunk) [Part II. Other Information](index=44&type=section&id=Part%20II.%20OTHER%20INFORMATION) [Risk Factors](index=44&type=section&id=Item%201A.%20Risk%20Factors) This section refers to the 2024 Annual Report for risk factors, indicating no new or materially changed risks in this quarterly filing - The report refers to the risk factors section of the 2024 Annual Report, implying no material updates to risk factors in this quarter[152](index=152&type=chunk) [Exhibits](index=44&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including the Fourth Amendment to the Credit Agreement and officer certifications - A key exhibit filed is the Fourth Amendment to the Credit Agreement, dated July 17, 2025[154](index=154&type=chunk)

Core Points - Kronos Worldwide, Inc. reported a net loss of $9.2 million, or $0.08 per share, in Q2 2025, a significant decline from a net income of $19.5 million, or $0.17 per share, in Q2 2024 [1] - For the first half of 2025, net income was $8.9 million, or $0.08 per share, compared to $27.6 million, or $0.24 per share, in the same period of 2024 [1] - The decrease in net income was primarily due to lower production volumes and higher unabsorbed fixed costs [1][2] Financial Performance - Net sales for Q2 2025 were $494.4 million, down $6.1 million, or 1%, from Q2 2024 [2] - For the first six months of 2025, net sales increased to $984.2 million, up $4.9 million, or 1%, compared to the same period in 2024 [2] - The decline in Q2 sales was attributed to lower average TiO2 selling prices and reduced sales volumes in export markets, partially offset by higher sales in North America [2] Segment Profit and Costs - TiO2 segment profit in Q2 2025 was $10.9 million, down from $41.1 million in Q2 2024 [3] - For the first half of 2025, segment profit was $52.5 million, compared to $64.5 million in the same period of 2024 [3] - Unabsorbed fixed production costs in Q2 2025 were approximately $20 million due to reduced operating rates [3] EBITDA - EBITDA for Q2 2025 was $22.2 million, a decrease from $56.2 million in Q2 2024 [4] - For the first six months of 2025, EBITDA was $73.4 million, down from $87.9 million in the same period of 2024 [4] Market Conditions - The TiO2 industry faced challenges due to global uncertainties related to U.S. trade policies and geopolitical tensions, affecting customer inventory levels and sales volumes [2] - Average TiO2 selling prices started 2025 at 2% higher than the beginning of 2024 but declined by 4% during the first half of 2025 [2]

Core Viewpoint - Kronos Worldwide, Inc. has declared a regular quarterly dividend of $0.05 per share on its common stock, indicating a commitment to returning value to shareholders [1] Company Summary - Kronos Worldwide, Inc. is a significant international producer of titanium dioxide products, highlighting its role in the industry [1] Dividend Details - The declared dividend of $0.05 per share will be payable on September 18, 2025, to stockholders of record as of the close of business on September 5, 2025 [1]

Company Overview - Kronos Worldwide (KRO) is expected to report a year-over-year decline in earnings despite higher revenues for the quarter ended June 2025, with earnings projected at $0.13 per share, reflecting a -23.5% change from the previous year [3][12] - Revenues are anticipated to be $500.99 million, which is a slight increase of 0.1% compared to the same quarter last year [3] Earnings Estimates and Revisions - The consensus EPS estimate has been revised down by 51.86% over the last 30 days, indicating a significant reassessment by analysts [4] - The Most Accurate Estimate for Kronos Worldwide matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [12] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, but its predictive power is significant primarily for positive readings [9][10] - Kronos Worldwide currently holds a Zacks Rank of 4, which complicates the prediction of an earnings beat [12] Historical Performance - In the last reported quarter, Kronos Worldwide was expected to post earnings of $0.17 per share but delivered only $0.16, resulting in a surprise of -5.88% [13] - Over the past four quarters, the company has only beaten consensus EPS estimates once [14] Industry Context - In comparison, DuPont de Nemours (DD), another player in the Zacks Chemical - Diversified industry, is expected to post earnings of $1.06 per share for the same quarter, indicating a year-over-year increase of +9.3% [18] - DuPont's revenues are projected to be $3.22 billion, up 1.4% from the previous year, with a lower Most Accurate Estimate leading to an Earnings ESP of -0.62% [19]