NYSE$KRO

Kronos Worldwide Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Kronos Worldwide reported increased net sales and net income compared to the same quarter last year.

Kronos Worldwide reported net sales of $478.6 million and net income of $25.7 million for the second quarter of 2021. Net sales increased due to higher sales volumes and higher average TiO2 selling prices. Net income increased due to higher income from operations.

  • Net sales increased by 24% compared to Q2 2020, reaching $478.6 million.
  • Net income was $25.7 million, or $0.22 per share, compared to $18.6 million, or $0.16 per share, in Q2 2020.
  • TiO2 sales volumes were 16% higher than in Q2 2020.
  • Average TiO2 selling prices were 3% higher than in Q2 2020.

Headline financials

Total Revenue

$479M

Previous: $386M+24.0%
EPS (adj)

$0.22

Previous: $0.16+37.5%
EBITDA

$52.9M

Previous: $42.9M+23.3%
Capital Expenditures

-$21.2M

Previous: -$25.4M+16.5%
Free Cash Flow

$4.5M

Previous: -$6.8M+166.2%
Net Income

$25.7M

Previous: $18.6M+38.2%
Operating Income

$43.8M

Previous: $33M+32.7%
Gross Profit

$109M

Previous: $95.8M+13.8%
Cash & Equivalents

$364M

Previous: $341M+6.6%
Total Assets

$1.96B

Previous: $1.9B+2.8%

Revenue & EPS history

Kronos · Revenue · Quarterly

$479M

Q2 2021+24%vs Q2 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

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

  • TiO2
    -$14.8M

Forward guidance

The company's future performance is subject to various risks and uncertainties, including supply and demand for products, economic conditions, and fluctuations in currency exchange rates.

Headwinds

  • Future supply and demand for our products
  • The extent of the dependence of certain of our businesses on certain market sectors
  • The cyclicality of our business
  • Customer and producer inventory levels
  • Unexpected or earlier-than-expected industry capacity expansion

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 Q2 2021

Historical avgQ2 2021

-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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