NYSE$KRO

Kronos Worldwide Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Kronos Worldwide reported increased net income due to higher TiO2 selling prices and sales volumes.

Kronos Worldwide reported a significant increase in net income for Q1 2022, driven by higher average TiO2 selling prices and increased sales volumes. Net sales also increased, although were negatively impacted by currency exchange rates.

  • Net income increased to $57.5 million, or $0.50 per share, compared to $19.6 million, or $0.17 per share, in Q1 2021.
  • Net sales rose to $562.9 million, a $97.9 million (21%) increase from Q1 2021.
  • TiO2 sales volumes increased by 2% compared to Q1 2021.
  • Average TiO2 selling prices were 24% higher than in Q1 2021, with prices at the end of Q1 2022 being 7% higher than at the end of 2021.

Headline financials

Total Revenue

$563M

Previous: $465M+21.1%
EPS (adj)

$0.50

Previous: $0.17+194.1%
EBITDA

$93.2M

No prior period
Capital Expenditures

-$14.2M

Previous: -$10.8M-31.5%
Free Cash Flow

$43.3M

Previous: $8.8M+392.0%
Net Income

$57.5M

Previous: $19.6M+193.4%
Operating Income

$83.3M

Previous: $34M+145.0%
Gross Profit

$149M

Previous: $95.7M+56.0%
Cash & Equivalents

$350M

Previous: $374M-6.3%
Total Assets

$2.04B

Previous: $2B+1.9%

Revenue & EPS history

Kronos · Revenue · Quarterly

$563M

Q1 2022+21.1%vs Q1 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Kronos · -$14.8M total across 1 segment · Q1 2023

  • TiO2
    -$14.8M

Forward guidance

The Company disclaims any intention or obligation to update or revise any forward-looking statement whether as a result of changes in information, future events or otherwise.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-1.2%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+4.7%

Avg return

30 days after

44%

27 / 62 earnings

Positive

+19.7%

Q3 2016

Best reaction

-19.8%

Q2 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.9%-5.9%-17.6%
Q4 2025-3.3%-4.8%+20.3%
Q3 2025-7.0%+2.5%+0.2%
Q1 2025-2.0%+4.0%-10.1%
Q3 2024+4.6%-1.9%-12.9%
Q2 2024+0.5%+2.4%+2.7%
Q1 2024+4.1%+2.5%+9.4%
Q4 2023+15.7%+26.3%+38.9%
Q3 2023+14.5%+7.0%+31.5%
Q2 2023-6.9%-1.9%-10.1%
Q1 2023-8.9%-8.0%-3.5%
Q4 2022-13.2%-17.8%-18.1%
Q3 2022-7.9%-0.5%-3.3%
Q2 2022-6.2%-12.1%-27.4%
Q1 2022+1.2%-0.8%+21.6%
Q4 2021+8.6%+11.2%+11.6%
Q3 2021+4.3%+2.8%+3.2%
Q2 2021-6.3%-5.3%-6.7%
Q1 2021-0.1%-1.5%-7.1%
Q4 2020+1.1%-2.8%+4.9%
Q3 2020-0.4%+1.1%+8.1%
Q2 2020+5.4%+10.8%+11.9%
Q1 2020-5.6%+2.4%+20.5%
Q4 2019-12.6%-7.6%+16.0%
Q3 2019+7.6%+8.7%+2.3%
Q2 2019-5.8%-11.3%-4.8%
Q1 2019+2.4%+1.0%+8.5%
Q4 2018-4.8%-5.9%-2.9%
Q3 2018-15.2%-16.2%-26.6%
Q2 2018-0.3%-4.9%-11.8%
Q1 2018-6.0%-1.8%+4.5%
Q4 2017+0.0%-1.7%-3.9%
Q3 2017+0.5%+3.2%-3.0%
Q2 2017-11.5%-7.9%-0.9%
Q1 2017+7.8%+12.7%+8.4%
Q4 2016+7.1%+10.2%+16.7%
Q3 2016+19.7%+38.0%+57.0%
Q2 2016+12.5%+15.4%+51.0%
Q1 2016-3.0%
Q4 2015-2.3%
Q3 2015-14.4%
Q2 2015-19.8%
Q1 2015-9.4%
Q4 2014+7.8%
Q3 2014-0.9%
Q2 2014-0.7%
Q1 2014-4.7%
Q4 2013+8.0%
Q3 2013+2.1%
Q2 2013-2.5%
Q1 2013-3.0%
Q4 2012-2.1%
Q3 2012+2.1%
Q2 2012+4.4%
Q1 2012-11.1%
Q4 2011+0.8%
Q3 2011+2.7%
Q2 2011-19.2%
Q1 2011-4.7%
Q4 2010+3.6%
Q2 2010+7.8%
Q1 2010-5.2%

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