>>
Home / Knowledge / News / Information Technology / Kronos Q4 turns profitable
Kronos Q4 turns profitable
13
Mar '14
Kronos Worldwide, Inc. reported net income for the fourth quarter of 2013 of $2.9 million, or $.03 per share, compared to a net loss of $18.1 million, or $.16 per share, in the fourth quarter of 2012.  
 
For the full year of 2013, Kronos Worldwide reported a net loss of $102.0 million, or $.88 per share, compared with net income of $218.5 million, or $1.89 per share in 2012.  Comparability of the Company's results for the fourth quarter periods was impacted by lower income from operations in 2013 principally due to lower average TiO2 selling prices, partially offset by lower raw materials costs.  
 
Comparability of the full year periods was impacted by lower income from operations in 2013, principally due to lower average TiO2 selling prices, higher raw materials and other production costs and a litigation settlement charge in 2013, as discussed further below.  Comparability of the Company's results for the fourth quarter and full year of 2013 was also impacted by unabsorbed fixed production and other costs associated with the labor lockout at our Canadian plant, and costs resulting from the terms of a new collective bargaining agreement reached with our unionized Canadian workforce and other back-to-work expenses, as discussed further below.
 
Net sales of $368.6 million in the fourth quarter of 2013 were $28.2 million, or 7%, lower than in the fourth quarter of 2012.  Net sales of $1,732.4 million in the full year of 2013 were $243.9 million, or 12%, lower than in the full year 2012.  Net sales decreased in the fourth quarter of 2013 as compared to the fourth quarter of 2012 primarily due to lower average TiO2 selling prices.  Net sales decreased in the full year of 2013 primarily due to lower average TiO2 selling prices, partially offset by higher sales volumes.  
 
The Company's average TiO2 selling prices decreased 10% in the fourth quarter of 2013 as compared to the fourth quarter of 2012, and decreased 19% for the full year as compared to 2012.  The Company's average TiO2 selling prices at the end of 2013 were 7% lower than at the end of 2012 and were 1% higher in the fourth quarter of 2013 as compared to the third quarter of 2013.  
 
TiO2 sales volumes in the fourth quarter of 2013 were 1% lower than in the fourth quarter of 2012, while sales volumes for the full year 2013 were 6% higher than in 2012.  TiO2 sales volumes in the fourth quarter of 2013 were impacted by the continued lockout of unionized employees at the Company's Canadian TiO2 facility, and the resulting curtailment of production at such facility during the lockout.  
 
Click here to view full results.
 

Kronos


Must ReadView All

Pic: U.S. Senator Kirsten Gillibrand

Textiles | On 17th May 2022

FABRIC Act introduced in US Senate, to protect 100,000 garment workers

Senator Kirsten Gillibrand recently announced the introduction of her ...

Pic: Shutterstock

Textiles | On 17th May 2022

US-EU TTC finalises economic, tech policies, initiatives at Paris meet

The US-EU Trade and Technology Council, in its second ministerial...

Pic: Shutterstock

Textiles | On 17th May 2022

Global fiscal recovery to slow in 2022 & 2023: Fitch Ratings

Global fiscal recovery in 2021 that followed the COVID-19 shock of...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under own supervision

Textile Industry, Head honchos

Textile Industry
Head honchos

Fabric selection & recommendation based on client's brief

Textile Industry, Head honchos

Textile Industry
Head honchos

Luxury is not just about high prices but ability to create desire

Dhiraj Shah,

Dhiraj Shah

The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC), set...

Mohammad Ali Khokon,

Mohammad Ali Khokon

<div>The Bangladesh Textile Mills Association (BTMA) is the national trade ...

Ishak Aydin Ozturk,

Ishak Aydin Ozturk

<font face="Calibri, sans-serif">Innovative pioneer in textile production, ...

Seth Casden, Hologenix

Seth Casden
Hologenix

Hologenix is a material sciences company dedicated to developing products...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Manish Malhotra, Label Manish Malhotra

Manish Malhotra
Label Manish Malhotra

A multitalented designer and founder of an eponymous label, Manish...

Asmita Marwa, Asmita Marwa Design

Asmita Marwa
Asmita Marwa Design

Indian fashion designer Asmita Marwa has been rated by Vogue as one of the ...

Paul Gaudio, Brand - Unless

Paul Gaudio
Brand - Unless

Former global creative director of Adidas and current Co-founder of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Eurofins BLC Leather Technology Centre Ltd
BTC Textiles LLC
Gloria Jeans
Brückner Trockentechnik GmbH & Co. KG
TESTEX AG, Swiss Textile Testing Institute
Shanghai  Aige Exhibition Service Co., Ltd
NV Michel Van de Wiele
Amazon China
Bluestem Global Sourcing Limited
KAS Direct Sourcing
Walmart
Jindal Worldwide Limited
The LYCRA Company Singapore  Pte. Ltd
Loris Bellini S.r.l.
Green Fibre
Savio Macchine Tessili S.P.A.
Target Corporation (MN)
KIABI
Under Armour Global Sourcing Ltd
Vianney Textil Hogar S.A. De C.V.
Etam Group Strategy Hong Kong Limited
TÜYAP IHTISAS FUARLARI A.S.
Lenzing Aktiengesellschaft
Grasim Industries Limited
Kornit Digital Asia Pacific Ltd
Maceton Limited
Calvin Klein
Woolmark Services India Pvt. Ltd.
Rieter India Private Limited
OVS Hong Kong Sourcing Ltd.
Recron Polyester from Reliance Industries Limited
China World International Exhibition Company Limited
John Varvatos
Varner AS Retail
SHAHI Exports Pvt Ltd
MAS Active / MAS Kreeda / MAS Bodyline
Istanbul Fuarcilik A.S.
Nihalani Events Management
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Chico’ FAS
Datacolor AG Europe
Equinox Impex India
T.T. Limited
Seasalt Limited
Vardhman Textile Ltd
Abit
Colours India Inc
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Flainox S.r.l.
Infor (Hong Kong) Limited
Truetzschler India Private Limited
Aquarelle Clothing Limited
Phong Phu international JSC (PPJ)
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
EPCH
Landmark Group
Splash
Bluesign Technologies Ag
Pt. Peraga Nusantara Jaya Sakti
Marzoli Machines Textile s.r.l.
Arvind Limited
THE BOMBAY DYEING ;& MFG.CO. LTD
Page Industries Limited (Bangalore)
Karl Mayer Textilmaschinenfabrik GmbH
Jiangsu Yingyang Nonwoven Machinery Company Limited
Puma
Aramark Uniform ;& Career Apparel, LLC
DuPont de Nemours, Inc.,
Lottmann Communications
Kern – Liebers Textile
G-Star Raw C.V.
Thai Trade Center
Cat Tuong Real Estate Group Joint Stock Company
Babyshop
USTER
EMBEE CORPORATION
Permoda(Koaj/Armi/Pronto/Bkul)
Color Service s.r.l.
SYNERGIES HONG KONG LIMITED
CSGIA(China Screen Printing & Graphic Imaging Association)
Palexpo SA
Inter Expo Center Ltd.
Xtema - Thomas Lebherz Textilmaschinen
PVH Corporation
Rayonese Textile Inc., Division de Culp Inc.
Saurer Textile Solutions Pvt. Ltd.
IKEA of Sweden AB
Lenzing Aktiengesellschaft - India
International Textile Manufacturers Federation
Sportmaster Ltd.
IDH – The Sustainable Trade Initiative
Huntsman (Singapore) Pte Ltd
Applied DNA Sciences Inc
GIOVANNI BOZZETTO S.p.A.
Thai Acrylic Fibre Company Limited
IFF Media Ag - International Media Services
Boardriders Asia Sourcing Limited
Sateri (Jiujiang) Fiber Co.,Ltd
Indo Tex
Groz-Beckert East Asia LLP
Sportswear Company Spa
Rosset ;& Cia Limited
Helly Hansen Far East Ltd
Tuyap Tum Fuarcilik Yapim A.S.
Gap International Sourcing Limited
Desigual - ABASIC, S.A.
H;&M Hennes ;& Mauritz (Far East) Ltd
FESPA (Reigate)
Officina Meccanica Dora Enrico Srl
H. Stoll AG & Company KG
Tchibo GmbH
C;&A Sourcing International Ltd
Comasia Limited
Mesdan SPA
Hirdaramani International Export Private Limited
NITI Aayog
Reiter India Private Limited
Stahl Holdings B.V.,
COTTON COUNCIL INTERNATIONAL
Italian Trade Commission
BRINKMANN GMBH
Datatex Consulting Srl
Newtech Textile Technology Development (Shanghai) Company Limited
Mayer & Cie. GmbH & Co. KG
Benetton Group
VNU Exhibitions Asia
ITMA Services Pte Ltd
Sainsbury's Argos Asia Limited
Lectra Technologies India Pvt Ltd.
EUROVET ASIA LTD
Tommy Hilfiger
FULGAR SpA
Weitmann & Konrad GmbH & Co. KG
N9 World Technologies Private Limited
APLF Limited
UBM China (Shanghai)
Groz-Beckert KG
Chori Company Limited
Midas Clothing Limited
Esprit Europe Services GmbH
Centric Software
Gokaldas Exports Limited
Lululemon Athletica Inc
Asos
Alison Hayes Romania
X-Rite Asia Pacific Limited (HK)
BIMBA ;& LOLA SL
GERBER TECHNOLOGY LTD.
Meera Dyestuff Industries
Lisa S.P.A.
Brandix Lanka Limited
J ;& P Coats
Guess Europe Sagl,
Gatsby Africa
Lacoste (Wanchai)
Performance Days
CGS Inc.
International Sourcing Expo Australia
BIANCA
GHCL LIMITED
LC Waikiki
K AND D ITMACH EXPOSITIONS LLP
Taiwan Textile Federation (TTF)
Restoque S.A.
BTSR International S.P.A.
Dow Silicones Corporation
Eastman Chemical Company
Nandan Denim Limited
The LYCRA Company Singapore  Pte. Ltd
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
IIGM Private Limited
Aleph Srl
Messe Duesseldorf
G.A.S. unternehmenskommunikation gmbh
The Top Form Brassiere Manufacturing Company Limited
Tory Burch Hong Kong Ltd
JES MEDIA, INC
Recron Polyester from Reliance Industries Limited
Copenhagen Fashion Summit
Coats Digital Limited
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Hela Clothing Pvt Ltd
Shima Seiki Mfg. Ltd.
Alix Partners
TESCO INTERNATIONAL SOURCING LIMITED
Itema Weaving (India) Private Limited
Tradewind International Servicing
DyStar India Pvt. Ltd
ZAITEX spa
Decathlon
TEXVALLEY MARKET LIMITED
Zünd Systemtechnik AG
Zydex Industries
Thermore (Far East) Ltd.
Lifestyle
Haelixa AG
Messe Frankfurt Exhibition GmbH
Indofil Industries Limited - Specialty & Performance Chemicals Division

May 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search