Kronos Worldwide Inc. Q2 2024 10-Q Filing
Ticker: KRO · Form: 10-Q · Filed: Aug 7, 2024 · CIK: 1257640
| Field | Detail |
|---|---|
| Company | Kronos Worldwide Inc (KRO) |
| Form Type | 10-Q |
| Filed Date | Aug 7, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, disclosure
TL;DR
Kronos Worldwide Q2 10-Q filed. Financials and ops details inside.
AI Summary
Kronos Worldwide Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the second quarter. Specific financial figures and operational metrics are provided within the report.
Why It Matters
This filing provides investors with a detailed look at Kronos Worldwide's financial health and operational performance for the second quarter of 2024, influencing investment decisions.
Risk Assessment
Risk Level: medium — 10-Q filings are standard disclosures for public companies, but the specific financial details and market conditions discussed within can present varying levels of risk.
Key Numbers
- 20240630 — Period End Date (Financial reporting period)
- 20240807 — Filing Date (Date the report was submitted to the SEC)
Key Players & Entities
- KRONOS WORLDWIDE INC (company) — Filer
- 20240630 (date) — Period of Report
- 20240807 (date) — Filing Date
- DALLAS (location) — Business Address City
FAQ
What is the reporting period for this 10-Q filing?
The conformed period of report is 20240630, meaning the filing covers the period ending June 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on 20240807.
What is the company's Standard Industrial Classification (SIC) code?
The SIC code for Kronos Worldwide Inc. is 2810, which corresponds to Industrial Inorganic Chemicals.
What is the company's primary business address?
The business address is 5430 LBJ FREEWAY, SUITE 1700, DALLAS, TX 75240-2620.
What is the SEC file number for Kronos Worldwide Inc.?
The SEC file number is 001-31763.
Filing Stats: 4,835 words · 19 min read · ~16 pages · Grade level 6.7 · Accepted 2024-08-07 16:15:30
Filing Documents
- kro-20240630x10q.htm (10-Q) — 1779KB
- kro-20240630xex10d6.htm (EX-10.6) — 14KB
- kro-20240630xex31d1.htm (EX-31.1) — 11KB
- kro-20240630xex31d2.htm (EX-31.2) — 12KB
- kro-20240630xex32d1.htm (EX-32.1) — 7KB
- 0001558370-24-011359.txt ( ) — 7310KB
- kro-20240630.xsd (EX-101.SCH) — 49KB
- kro-20240630_cal.xml (EX-101.CAL) — 68KB
- kro-20240630_def.xml (EX-101.DEF) — 203KB
- kro-20240630_lab.xml (EX-101.LAB) — 457KB
- kro-20240630_pre.xml (EX-101.PRE) — 330KB
- kro-20240630x10q_htm.xml (XML) — 1287KB
Financial Statements
Financial Statements Condensed Consolidated Balance Sheets - December 31, 2023; June 30, 2024 (unaudited) 3 Condensed Consolidated Statements of Operations (unaudited) - Three and six months ended June 30, 2023 and 2024 5 Condensed Consolidated Statements of Comprehensive Income (Loss) (unaudited) - Three and six months ended June 30, 2023 and 2024 6 Condensed Consolidated Statements of Stockholders' Equity (unaudited) - Three and six months ended June 30, 2023 and 2024 7 Condensed Consolidated Statements of Cash Flows (unaudited) - Six months ended June 30, 2023 and 2024 8 Notes to Condensed Consolidated Financial Statements (unaudited) 9 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 19 Item 3. Quantitative and Qualitative Disclosure About Market Risk 31 Item 4.
Controls and Procedures
Controls and Procedures 32 Part II. OTHER INFORMATION Item 1A.
Risk Factors
Risk Factors 32 Item 5. Other Information 33 Item 6. Exhibits 34 Items 2, 3 and 4 of Part II are omitted because there is no information to report. 2 Table of Contents KRONOS WORLDWIDE, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In millions) ASSETS December 31, June 30, 2023 2024 (unaudited) Current assets: Cash and cash equivalents $ 194.7 $ 133.8 Restricted cash 2.2 1.7 Accounts and other receivables, net 312.5 370.6 Inventories, net 564.6 447.2 Prepaid expenses and other 43.4 33.9 Total current assets 1,117.4 987.2 Other assets: Investment in TiO 2 manufacturing joint venture 111.0 101.2 Restricted cash 5.2 4.8 Marketable securities 2.2 2.6 Operating lease right-of-use assets 22.7 22.1 Deferred income taxes 83.3 79.9 Other 13.3 14.8 Total other assets 237.7 225.4 Property and equipment: Land 44.7 43.1 Buildings 236.8 229.5 Equipment 1,172.0 1,137.3 Mining properties 130.5 124.5 Construction in progress 22.9 22.3 1,606.9 1,556.7 Less accumulated depreciation and amortization 1,124.0 1,112.4 Net property and equipment 482.9 444.3 Total assets $ 1,838.0 $ 1,656.9 3 Table of Contents KRONOS WORLDWIDE, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED) (In millions) LIABILITIES AND STOCKHOLDERS' EQUITY December 31, June 30, 2023 2024 (unaudited) Current liabilities: Accounts payable and accrued liabilities $ 355.4 $ 262.8 Income taxes 15.4 10.3 Total current liabilities 370.8 273.1 Noncurrent liabilities: Long-term debt 440.9 423.7 Accrued pension costs 150.0 140.1 Payable to affiliate - income taxes 18.6 - Operating lease liabilities 18.6 18.1 Deferred income taxes 9.0 5.9 Other 21.8 21.4 Total noncurrent liabilities 658.9 609.2 Stockholders' equity: Common stock 1.2 1.2 Additional paid-in capital 1,3