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Kronos Worldwide (KRO) guidance and outlook

Kronos Worldwide's 10-Q filed Nov 5, 2026 makes 21 forward-looking statements.

Guidance and outlook

Forward-looking statements, 10-Q filed Nov 5, 2026

• Over the long-term, we expect demand for TiO 2 will grow by 2% to 3% per year, consistent with our expectations for the long-term growth in GDP.
• We estimate that changes in currency exchange rates decreased segment profit by approximately $5 million in the third quarter of 2026 compared to the same period in 2025, as discussed in the effects of currency exchange rates section below.
• We would generally expect our overall effective tax rate, excluding the effect of any increase or decrease in our deferred income tax asset valuation allowances, changes in our reserve for uncertain tax positions, or tax law changes to be higher than the U.S. federal statutory tax rate of 21% primarily because of our sizeable non-U.S. operations.
• Additionally, we estimate that changes in currency exchange rates (primarily the euro) increased our net sales by approximately $39 million in the first nine months of 2026 as compared to the first nine months of 2025.
• We estimate that changes in currency exchange rates decreased segment profit by approximately $23 million in the first nine months of 2026 compared to the same period in 2025, as discussed in the effects of currency exchange rates section below.
• Prior to December 31, 2025, and using all available evidence, we had concluded that no deferred income tax asset valuation allowance was required to be recognized with respect to such carryforwards, principally because (i) such carryforwards have an indefinite carryforward period, (ii) we have utilized a portion of such carryforwards during the most recent three-year period and (iii) we currently expect to…
• Our order backlog entering the fourth quarter remains favorable compared to the prior year, and combined with planned maintenance activities at several of our facilities, we expect finished goods inventory levels to remain below normal.
• Based on our performance during the first nine months of 2026, we expect full-year net sales and sales volumes to exceed 2025 levels, and we expect gross margin and operating income margins to improve compared to 2025.
• We implemented additional price increases during the second and third quarters of 2026 in response to higher production, energy and distribution costs, and, based on price increases we have announced to our customers and continued cost pressures, we expect our average TiO2 selling prices in the fourth quarter of 2026 to be improved.
• Gross margins improved during the third quarter and first nine months of 2026 and are expected to remain above 2025 levels for the full year, benefiting from lower cost inventory produced during 2026, more favorable selling prices and the ongoing effects of our cost-reduction initiatives.
• We operated our facilities within our normal capacity range during the first nine months of 2026, and we currently expect to continue operating within our normal capacity range for the remainder of the year.
• We also continue to pursue targeted sales growth opportunities in regions affected by logistical challenges and trade measures that have reduced the competitiveness of certain imports.

Kronos Worldwide's latest quarter

Questions

What does Kronos Worldwide expect?

Over the long-term, we expect demand for TiO 2 will grow by 2% to 3% per year, consistent with our expectations for the long-term growth in GDP. We estimate that changes in currency exchange rates decreased segment profit by approximately $5 million in the third quarter of 2026 compared to the same period in 2025, as discussed in the effects of currency exchange rates section below. We would generally expect our overall effective tax rate, excluding the effect of any increase or decrease in our deferred income tax asset valuation allowances, changes in our reserve for uncertain tax positions,

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.