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2024-07-01 23:10 Kronos Worldwide Reports First Quarter 2021 Results | Kronos Worldwide , Inc. Kronos Worldwide Reports First Quarter 2021 Results 05/05/21 Kronos Dallas , Texas , May 05 , 2021 ( GLOBE NEWSWIRE ) Worldwide , Inc. ( NYSE : KRO ) today reported net income of $ 19.6 million , or $ .17 per share , in the first quarter of 2021 compared to net income of $ 27.0 million , or $ .23 per share , in the first quarter of 2020. Net income in the first quarter of 2021 was lower than in the first quarter of 2020 primarily due to lower income from operations resulting from the net effects of changes in currency exchange rates , higher sales volumes , lower production costs and slightly lower average TiO2 selling prices , as discussed . below . Net sales of $ 465.0 million in the first quarter of 2021 were $ 44.0 million , or 10 % higher than in the first quarter of 2020 primarily due to higher sales volumes partially offset by lower average TiO2 selling prices . TiO2 sales volumes were 3 % higher in the first quarter of 2021 as compared to the first quarter of 2020 primarily due to higher demand in our North American and Latin American markets , partially offset by lower demand in our European market . Average TiO2 selling prices were 1 % lower in the first quarter of 2021 as compared to the first quarter of 2020. Average TiO2 selling prices at the end of the first quarter of 2021 were 1 % higher than our average TiO2 selling prices at the end of 2020. Fluctuations in currency exchange rates ( primarily the euro ) also affected net sales comparisons , increasing net sales by approximately $ 20 million in the first quarter of 2021 compared to the first quarter of 2020 . The table at the end of this press release shows how each of these items impacted net sales . Our TiO2 segment profit ( see description of non - GAAP information below ) in the first quarter of 2021 was $ 38.1 million as compared to $ 47.2 million in the first quarter of 2020. Segment profit decreased in the first quarter of 2021 https://kronosworldwideinc.gcs-web.com/node/12676 1/9