Why You Should Add Kronos Worldwide (KRO) to Your Portfolio Now

Core Viewpoint - Kronos Worldwide, Inc. (KRO) is expected to benefit from increased demand for titanium dioxide (TiO2) and reduced pricing pressure, alongside cost-reduction initiatives that will support margins [1][4][13]. Group 1: Stock Performance - KRO shares have increased approximately 25% over the past six months and have outperformed the industry with a 49.1% rise compared to a 6.9% decline in the industry [1][3]. - The Zacks Consensus Estimate for KRO's earnings for 2024 is projected at 85 cents, indicating a year-over-year growth of 297.7% [10]. Group 2: Growth Prospects - Sales volumes for KRO in 2024 are expected to exceed those of 2023 due to improved demand [5]. - The company has seen a 157.6% increase in the Zacks Consensus Estimate for 2024 over the past two months, with a 175% upward revision for the second quarter [11]. Group 3: Demand and Cost Initiatives - KRO is well-positioned to benefit from a compound annual growth rate of around 2% in TiO2 consumption since 2000, with significant consumption expected in Western Europe and North America [12]. - Internal cost initiatives are anticipated to support margins in 2024, with expectations of reduced energy costs and improved selling prices contributing to better operating results [13][15].