Kronos Worldwide sees Q2 sales $495M-$510M, consensus $568M

Sees Q2 EBITDA $49M-$56M. The company said, “TiO2 sales volumes in the second quarter of 2024 are expected to be approximately 134,000 metric tons which is 29% higher than the second quarter of 2023 and 3% higher than the first quarter of 2024. Compared to the second quarter of 2023 the increase in net sales was somewhat offset by lower average TiO2 selling prices; however, compared to the first quarter of 2024 slightly higher average TiO2 selling prices favorably impacted net sales. TiO2 production volumes in the second quarter of 2024 are expected to be approximately 137,000 metric tons, which is 54% higher than the second quarter of 2023 and 13% higher than the first quarter of 2024.”