Companies /Basic Materials

Kronos Worldwide Inc

NYSE: KRO Specialty Chemicals
$8.05
▼ $0.09 (−1.11%) today
Markets closed · 12:53am ET

Q3 2025 Earnings

Reported Nov 6, 2025, 4:25pm ET · SEC source
$-0.32
Miss −433.33%
EPS · est. $-0.06
$456.9M
Miss −3.26%
Revenue · est. $472.3M
+8.0%
Beating market
KRO vs S&P since report
2 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−8%−4%0+4%Nov 6Nov 7report 4:25pm ETearnings+0.1%−2.2%
−8%−4%0+4%Nov 6Nov 7earnings+0.1%−2.2%
KRO −2.2%S&P 500 +0.1%
−8%−4%0+4%Nov 6Nov 7report 4:25pm ETearnings−0.3%−2.2%
−8%−4%0+4%Nov 6Nov 7earnings−0.3%−2.2%
KRO −2.2%NASDAQ −0.3%
0+7%+14%+21%Nov 5Nov 14report 4:25pm ETearnings+0.1%+11.6%
0+7%+14%+21%Nov 5Nov 14earnings+0.1%+11.6%
KRO +11.6%S&P 500 +0.1%
0+8%+16%+24%Nov 5Nov 14report 4:25pm ETearnings−0.5%+11.6%
0+8%+16%+24%Nov 5Nov 14earnings−0.5%+11.6%
KRO +11.6%NASDAQ −0.5%
−6.78%
Day of report
+5.23%
Next session
+7.50%
One week
+10.45%
30 days

S&P 500 over the same 30 days: +2.47%.

Did KRO Beat Earnings? Q3 2025 Results

Kronos Worldwide delivered a deeply disappointing third quarter of 2025, posting a net loss of $0.32 per share against a consensus estimate of a $0.06 loss, a miss of 433.33% that sent shares plunging more than 11% in after-hours trading. Revenue of $456.90 million fell 3.26% short of the $472.29 million analysts had expected and declined 5.7% from the year-ago period, as lower TiO2 selling prices and reduced production volumes squeezed results across the board. The most consequential operational headwind was a sharp drop in facility utilization, from 92% in Q3 2024 to just 80% in Q3 2025, which alone generated roughly $27.00 million in unabsorbed fixed production costs for the quarter. A $19.30 million non-cash deferred tax charge tied to newly enacted German tax legislation added further pressure. Looking ahead, management offered little optimism, citing persistent uncertainty around U.S. trade policy, geopolitical tensions, and customers' continued reluctance to build inventory as factors likely to keep demand subdued and pricing momentum elusive.

Key Takeaways
  • Lower production volumes resulting in approximately $27 million of unabsorbed fixed production costs in Q3 2025
  • Average TiO2 selling prices declined 7% year-over-year in Q3 2025
  • TiO2 sales volumes declined 3% year-over-year in Q3 2025
  • Production facility utilization dropped to 80% in Q3 2025 from 92% in Q3 2024
  • $19.3 million non-cash deferred income tax expense from German corporate tax rate reduction legislation
  • Currency exchange rate fluctuations (primarily the euro) increased net sales by approximately $14 million in Q3 2025 vs Q3 2024
  • Higher cost inventory produced in Q2 2025 flowed through cost of sales in Q3 2025

Forward Guidance & Outlook

Management highlighted unprecedented global uncertainty related to U.S. trade policies, geopolitical tensions, and general customer hesitancy to build inventories, which has prolonged the TiO2 market downturn and impacted sales volumes and pricing momentum. Average TiO2 selling prices declined 6% during the first nine months of 2025 after starting the year 2% higher than 2024 levels. Production utilization rates declined from 93% in Q1 2025 to 80% in Q3 2025, suggesting continued demand weakness. Tariff risks remain a key concern, particularly potential U.S. tariffs on imports from Canada and Europe where the company has manufacturing facilities.

KRO YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$200.0M$400.0M$484.7M$456.9MRevenue$101.2M$47.0MGross Profit
$0$200.0M$400.0MRevenueGross Profit

KRO Revenue by Segment

TiO2$456.9M

Figures from SEC filings and company reports. Not investment advice.