Kronos Worldwide Inc
Q4 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: +0.34%.
Did KRO Beat Earnings? Q4 2025 Results
Kronos Worldwide delivered a deeply disappointing fourth quarter, posting a loss of $0.72 per share against a consensus estimate of $0.24, a miss of nearly 196% that underscored the severity of the TiO2 market's deterioration. Revenue came in at $418.30 million, topping estimates by 12.07%, yet still fell 1.1% from a year earlier, a combination that highlights how volume gains alone cannot offset the weight of collapsing margins. The single most damaging factor was a dramatic pullback in production capacity, with facilities running at just 55% of practical capacity in Q4 2025 compared to 97% a year prior, generating roughly $54.00 million in unabsorbed fixed costs for the quarter alone. Average TiO2 selling prices also fell 8% year-over-year in the period, compounding the operational pain. Additional charges, including $10.30 million in restructuring costs and a $9.00 million pension settlement loss, deepened the quarterly net loss to $82.80 million, and analysts watching the stock have broadly maintained skeptical outlooks, reflecting concern that a meaningful profit recovery remains elusive.
- Higher unabsorbed fixed production costs from production curtailments (facilities at 55% capacity in Q4 2025 vs 97% in Q4 2024)
- Lower average TiO2 selling prices (down 8% YoY in Q4, down 4% for full year)
- Higher TiO2 sales volumes (up 7% in Q4 YoY, up 2% for full year)
- Approximately $54 million of unabsorbed fixed production costs in Q4 2025
- Workforce reduction restructuring costs of approximately $10.3 million in Q4
- $9.0 million pension plan termination settlement loss in Q4
- $8.5 million non-cash deferred income tax expense for German valuation allowance in Q4
- Currency exchange rate fluctuations (primarily euro) increased Q4 net sales by approximately $13 million
KRO YoY Financials
KRO Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.