(Thomson Reuters ONE via COMTEX) -- CRANBURY, NEW JERSEY - May 9, 2013 - Kronos Worldwide, Inc. (NYSE:KRO) today announced a price increase for all titanium dioxide products sold in North America.
May 8, 2013.Kronos Worldwide, Inc. (NYSE:KRO) today reported a net loss for the first quarter of 2013 of $41.1 million, or $.35 per share, compared to net income of $136.9 million, or $1.18 per share, in the first quarter of 2012.
Kronos Worldwide, Inc. (NYSE:KRO) was in 4 hedge funds' portfolio at the end of the fourth quarter of 2012. KRO shareholders have witnessed a decrease in support from the world's most elite money managers in recent months.
Revenue: Decreased 17.41% to $463.6 million from the year-earlier quarter. Actual vs. Wall St. Expectations: Kronos Worldwide Inc. reported adjusted EPS loss of $0.35 per share. By that measure, the company missed the mean analyst estimate of $0.08.
NEW YORK, May 13, 2013 (BUSINESS WIRE) -- Fitch Ratings has downgraded the Issuer Default Rating (IDR) and senior secured term loan of Kronos Worldwide, Inc. (NYSE:KRO) to 'BB-' from 'BB'. A complete list of rating actions is at the end of this release.
Fitch Downgrades Kronos Worldwide's IDR To 'BB-'; Outlook Stable. 5/13/2013 7:56 PM ET. Fitch Ratings said Monday that it has downgraded the Issuer Default Rating and senior secured term loan of Kronos Worldwide, Inc. (KRO: Quote) to 'BB-' from 'BB'.
Kronos Worldwide (NYSE: KRO) last released its earnings data on Wednesday, May 8th. The company reported ($0.35) earnings per share for the quarter, missing the analysts' consensus estimate of $0.08 by $0.43.
Wall Street Journal (press release) - May 10, 2013
... controlled by Contran, is also primarily a holding company with operations in chemicals (through Kronos Worldwide, Inc.), component products (through CompX International Inc.) and waste management industries (through Waste Control Specialists LLC).
The major producers of TiO2 pigment are: E.I. du Pont de Nemours & Co; Cristal Global, Huntsman Corporation, Tronox Incorporated, Kronos Worldwide Inc, Ishihara Sangyo Kaisha Ltd and Rockwood Holdings Inc. The major producers of TiO2 feedstock are: ...
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