Kronos Worldwide | 10-Q: FY2025 Q3 Revenue: USD 456.9 M

Revenue: As of FY2025 Q3, the actual value is USD 456.9 M.

EPS: As of FY2025 Q3, the actual value is USD -0.32.

EBIT: As of FY2025 Q3, the actual value is USD -5.3 M.

Segment Revenue

• Net Sales: For the nine months ended September 30, 2025, net sales were $1,441.1 million, a decrease from $1,464.0 million in the same period of 2024.

Operational Metrics

• Net Income (Loss): The company reported a net loss of $28.1 million for the nine months ended September 30, 2025, compared to a net income of $99.4 million in the same period of 2024.
• Gross Margin: Gross margin decreased to 15% in the first nine months of 2025 from 19% in the same period of 2024.
• Segment Profit (Loss): Segment profit decreased to $37.2 million in the first nine months of 2025 from $107.9 million in the same period of 2024.

Cash Flow

• Operating Cash Flow: Net cash used in operating activities was - $89.6 million for the nine months ended September 30, 2025, compared to net cash provided of $23.2 million in the same period of 2024.

Unique Metrics

• Production Capacity Utilization: The company operated at 85% of practical capacity in the first nine months of 2025, down from 93% in the same period of 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to reduce operating rates in the fourth quarter of 2025 to align with current demand levels and improve operating cash flows. They expect to gain market share due to capacity reductions in the TiO2 market and are implementing cost reduction initiatives to improve long-term cost structure.
• Non-Core Business: The acquisition of the remaining interest in Louisiana Pigment Company is expected to add value by expanding product offerings and increasing sales, although the impact will be limited in the near term due to soft demand and competitive pressures.