Kronos Worldwide, Inc.

Kronos Worldwide, Inc. reported a challenging fiscal year 2025 with net sales of $1.86 billion and a net loss of $110.9 million. The company generated a gross margin of $213.0 million, representing an 11.4% gross margin, but this was insufficient to cover selling, general and administrative expenses of $245.2 million, resulting in an operating loss of $36.5 million. Significant non-operating items included a $64.5 million gain from remeasuring the TiO2 manufacturing joint venture investment and a $4.6 million gain from remeasuring an earn-out liability, partially offset by $53.0 million in interest expense. The company maintained positive operating cash flow of $2.5 million despite the net loss, supported by $60.5 million in depreciation. Total assets stood at $1.82 billion with stockholders' equity of $751.1 million, though the retained deficit expanded to -$344.9 million. The company paid $23.0 million in dividends and invested $42.9 million in capital expenditures while managing a debt position that included $557.4 million in long-term debt and $78.3 million in current maturities.

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