Kronos Worldwide Rises After Reporting Preliminary Sales
Kronos Worldwide Inc. (KRO), a producer of titanium dioxide pigments for paints and plastics, gained after reporting preliminary sales.
Kronos, based in Dallas, increased 2.6 percent to $15.16 at the close in New York. The shares have fallen 16 percent this year.
Third-quarter net sales will be $480 million to $495 million, compared with $548 million last year, because of lower sales volumes, the company said in a statement today. Segment profits will be $35 million to $45 million, compared with $159.2 million a year earlier, Kronos said.
To contact the reporter on this story: Lydia Mulvany in New York at email@example.com
To contact the editor responsible for this story: Simon Casey at firstname.lastname@example.org