Kronos Worldwide (KRO) Releases Earnings Results, Beats Expectations By $0.07 EPS

Kronos Worldwide (KRO) reported quarterly earnings results on Friday, May-6-2016. The company said it had a profit of $-0.03 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $-0.10. The company posted revenue of $318.40 million in the period, compared to analysts expectations of $308.50 million. The company’s revenue was down -12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.

Kronos Worldwide closed down -0.14 points or -2.19% at $6.26 with 3,01,537 shares getting traded on Wednesday. Post opening the session at $6.38, the shares hit an intraday low of $6.25 and an intraday high of $6.57 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 28, 2016, Klemens Schluter (COO) purchased 5,000 shares at $5.74 per share price. According to the SEC, on Jan 28, 2016, Steven L Watson (Chairman of the Board) purchased 6,000 shares at $4.12 per share price. On Nov 12, 2015, Benjiman R Corona (President, Global Sales Mgmt) purchased 2,500 shares at $6.53 per share price, according to the Form-4 filing with the securities and exchange commission.

KRONOS Worldwide Inc. is a United States-based manufacturer of titanium dioxide. Its products include KRONOS Pigments for Coatings KRONOS Pigments for Plastics KRONOS Special Grades Titanium Chemicals Photocatalysts and KRONOS ecochem. It offers technical services for coatings plastics paper and paper laminates and weathering among others. Its coatings applications include industrial coatings architectural coatings and wood protection coatings. Its plastics applications include polyolefins/masterbatches and polystyrene. Its paper applications include cardboard paper pulp and packaging. Its man-made fiber applications include polyester and polyamide. Its other applications include concrete and other cementitious systems health food and beauty and ceramic glass and welding rods. It operates in Leverkusen Germany; Nordenham Germany; Varennes Canada and Lake Charles United States among others.

Kronos Worldwide

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