NYSE$KRO
Kronos Worldwide Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Reported net income decrease due to lower income from operations resulting from lower sales volumes and lower average TiO2 selling prices, partially offset by lower production costs.
Kronos Worldwide reported a decrease in net income for Q3 2020, with net income at $8.1 million, or $0.07 per share, compared to $17.9 million, or $0.16 per share, in Q3 2019. The decrease was primarily due to lower sales volumes and lower average TiO2 selling prices, partially offset by lower production costs.
- Net income decreased to $8.1 million, or $0.07 per share, compared to $17.9 million, or $0.16 per share, in the third quarter 2019.
- Net sales were $416.9 million, a decrease of 5% compared to Q3 2019.
- TiO2 sales volumes decreased by 6% compared to the same quarter last year.
- Average TiO2 selling prices were 4% lower compared to Q3 2019.
Headline financials
Revenue & EPS history
Kronos · Revenue · Quarterly
$417M
Revenue by segment
Kronos · $417M total across 1 segment · Q3 2020
- TiO2$417M—100.0%
Forward guidance
The extent of the COVID-19 impact on our future operations will depend on the time period and degree to which the COVID-19 pandemic persists in the global economy thereby reducing customer demand for certain of our products, including the timing and extent to which our customers’ operations continue to be impacted, our customers’ perception as to when consumer demand for their products will return to pre-pandemic levels and on any future disruptions in our operations or our suppliers’ operations, all of which are difficult to predict.
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 Q3 2020
-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
| Quarter | Report date | Reaction (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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