Kronos Worldwide Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Kronos Worldwide Inc. has filed its 2023 annual report (10-K) detailing its financial performance and business operations for the fiscal year ending December 31, 2023.</b>

AI Summary

KRONOS WORLDWIDE INC (KRO) filed a Annual Report (10-K) with the SEC on March 6, 2024. Kronos Worldwide Inc. filed its 2023 Form 10-K on March 6, 2024. The filing covers the fiscal year ending December 31, 2023. The company's SIC code is 2810 (Industrial Inorganic Chemicals). Kronos Worldwide Inc. is headquartered in Dallas, Texas. The company was formerly known as Kronos Inc. before a name change on July 30, 2003.

Why It Matters

For investors and stakeholders tracking KRONOS WORLDWIDE INC, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Kronos Worldwide's financial health, operational performance, and strategic outlook for investors and stakeholders. Understanding the details within this report is crucial for assessing the company's position in the industrial inorganic chemicals market and its future prospects.

Risk Assessment

Risk Level: medium — KRONOS WORLDWIDE INC shows moderate risk based on this filing. The filing is a standard 10-K, which is a routine annual report. However, the specific financial and operational details within the report will determine the actual risk level for investors.

Analyst Insight

Review the detailed financial statements and risk factors within the 10-K to understand Kronos Worldwide's performance and potential challenges in the industrial inorganic chemicals sector.

Key Numbers

• 20231231 — Fiscal Year End (Period of report)
• 20240306 — Filing Date (Date the 10-K was filed)
• 2810 — SIC Code (Standard Industrial Classification)
• 001-31763 — SEC File Number (SEC filing number)

Key Players & Entities

• KRONOS WORLDWIDE INC (company) — Filer name
• KRONOS INC (company) — Former company name
• DALLAS (location) — Business address city
• TX (location) — Business address state

FAQ

Industry Context

Kronos Worldwide Inc. operates in the industrial inorganic chemicals sector, specifically focusing on titanium dioxide pigments.

Regulatory Implications

The company is subject to SEC regulations for public filings, including the annual 10-K report.

What Investors Should Do

1. Analyze the financial statements for revenue, net income, and other key performance indicators.
2. Review the Management's Discussion and Analysis (MD&A) section for insights into business trends and strategies.
3. Examine the Risk Factors section for potential challenges and uncertainties facing the company.

Key Dates

• 2024-03-06: 10-K Filing — Annual report filed with the SEC.
• 2003-07-30: Name Change — Date Kronos Inc. changed its name to Kronos Worldwide Inc.

Year-Over-Year Comparison

This is the initial filing of the 2023 10-K. A comparison to the previous year's filing (2022 10-K) would be necessary for detailed year-over-year analysis.

Filing Documents

• kro-20231231x10k.htm (10-K) — 3197KB
• kro-20231231xex10d18.htm (EX-10.18) — 13KB
• kro-20231231xex21d1.htm (EX-21.1) — 24KB
• kro-20231231xex23d1.htm (EX-23.1) — 2KB
• kro-20231231xex31d1.htm (EX-31.1) — 11KB
• kro-20231231xex31d2.htm (EX-31.2) — 13KB
• kro-20231231xex32d1.htm (EX-32.1) — 7KB
• kro-20231231xex97.htm (EX-97) — 132KB
• kro-20231231x10k004.jpg (GRAPHIC) — 65KB
• 0001558370-24-002607.txt (&nbsp;) — 14840KB
• kro-20231231.xsd (EX-101.SCH) — 82KB
• kro-20231231_cal.xml (EX-101.CAL) — 112KB
• kro-20231231_def.xml (EX-101.DEF) — 389KB
• kro-20231231_lab.xml (EX-101.LAB) — 736KB
• kro-20231231_pre.xml (EX-101.PRE) — 610KB
• kro-20231231x10k_htm.xml (XML) — 3218KB

BUSINESS

ITEM 1. BUSINESS General Kronos Worldwide, Inc. (NYSE: KRO) (Kronos), incorporated in Delaware in 1989, is a leading global producer and marketer of value-added titanium dioxide pigments, or TiO 2 , a base industrial product used in a wide range of applications. We, along with our distributors and agents, sell and provide technical services for our products to approximately 3,000 customers in 100 countries with the majority of our sales in Europe, North America and the Asia Pacific region. We believe we have developed considerable expertise and efficiency in the manufacture, sale, shipment and service of our products in domestic and international markets. TiO 2 is a white inorganic pigment used in a wide range of products for its exceptional durability and its ability to impart whiteness, brightness and opacity. TiO 2 is a critical component of everyday applications, such as coatings, plastics and paper, as well as many specialty products such as inks, cosmetics and pharmaceuticals. TiO 2 is widely considered to be superior to alternative white pigments in large part due to its hiding power (or opacity), which is the ability to cover or mask other materials effectively and efficiently. TiO 2 is designed, marketed and sold based on specific end-use applications. TiO 2 is the largest commercially used whitening pigment because it has a high refractive rating, giving it more hiding power than any other commercially produced white pigment. In addition, TiO 2 has excellent resistance to interaction with other chemicals, good thermal stability and resistance to ultraviolet degradation. Although there are other white pigments on the market, we believe there are no effective substitutes for TiO 2 because no other white pigment has the physical properties for achieving comparable opacity and brightness or can be incorporated in as cost-effective a manner. Pigment extenders such as kaolin clays, calcium carbonate and polymeric opacifiers are used together with TiO 2 in a

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View this 10-K filing on SEC EDGAR