Kronos(US:KRO) Globenewswireยท2025-05-07 20:15Core Insights - Kronos Worldwide, Inc. reported a net income of $18.1 million, or $0.16 per share, for Q1 2025, a significant increase from $8.1 million, or $0.07 per share, in Q1 2024, primarily driven by higher sales and production volumes, increased TiO2 selling prices, and reduced production costs [1][11] Financial Performance - Net sales for Q1 2025 reached $489.8 million, reflecting a $11.0 million, or 2%, increase compared to Q1 2024, attributed to higher sales volumes in North America and Europe, despite lower export sales [2] - The TiO2 segment profit for Q1 2025 was $41.6 million, up from $23.4 million in Q1 2024, driven by increased sales and production volumes, higher TiO2 prices, and lower production costs [3][10] - EBITDA for Q1 2025 was reported at $51.2 million, compared to $31.7 million in Q1 2024, indicating improved operational efficiency [4][14] Production and Sales Metrics - TiO2 production volumes increased by 18% in Q1 2025 compared to Q1 2024, with production facilities operating at average capacities of 93% in 2025 versus 87% in 2024 [3][10] - Average TiO2 selling prices were 2% higher at the start of 2025 compared to the beginning of 2024, although they declined by 3% during Q1 2025 due to market pressures [2][15] Currency Impact - Currency exchange rate fluctuations, particularly with the euro, negatively impacted net sales by approximately $11 million and segment profit by about $5 million in Q1 2025 compared to Q1 2024 [2][3]