Brief: Kronos Worldwide Reports Q1 Results

Kronos Worldwide

06/05/2020 22:57

May 6 (Reuters) - Kronos Worldwide Inc  KRO.N :
    * KRONOS WORLDWIDE REPORTS Q1 2020 RESULTS
    * KRONOS WORLDWIDE INC QTRLY EARNINGS PER SHARE $0.23
    * KRONOS WORLDWIDE INC - REPORTED LOWER NET INCOME IN Q1
2020 AS
COMPARED TO Q1 OF 2019 PRIMARILY DUE TO LOWER INCOME FROM
OPERATIONS
    * KRONOS WORLDWIDE INC - NET SALES OF $421.0 MILLION IN Q1
OF 2020
WERE $15.5 MILLION, OR 4%, LOWER THAN IN Q1 OF 2019
    * KRONOS WORLDWIDE INC - EXPECT TO REPORT LOWER SALES AND
EARNINGS
THAN WOULD OTHERWISE HAVE BEEN EXPECTED FOR REMAINDER OF 2020
    * KRONOS WORLDWIDE INC - COVID-19 PANDEMIC HAD LIMITED
IMPACT ON
OUR OPERATIONS DURING Q1 OF 2020
    * KRONOS WORLDWIDE INC - BELIEVE U.S. AND WORLDWIDE GROSS
DOMESTIC
PRODUCT WILL BE SIGNIFICANTLY IMPACTED FOR AN INDETERMINATE
PERIOD

Source text for Eikon:  ID:nGNE1sBJKZ 
Further company coverage:  KRO.N 

 ((Reuters.Briefs@thomsonreuters.com;))