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2024-07-01 23:09 Kronos Worldwide Reports Second Quarter 2021 Results | Kronos Worldwide , Inc. Kronos Worldwide Reports Second Quarter 2021 Results 08/04/21 Dallas , Texas , Aug. 04 , 2021 ( GLOBE NEWSWIRE ) -- Kronos Worldwide , Inc. ( NYSE : KRO ) today reported net income of $ 25.7 million , or $ .22 per share , in the second quarter of 2021 compared to net income of $ 18.6 million , or $ .16 per share , in the second quarter of 2020. For the first six months of 2021 , Kronos Worldwide reported net income of $ 45.3 million , or $ .39 per share , compared to net income of $ 45.6 million , or $ .39 per share in the first six months of 2020. Net income in the second quarter of 2021 was higher than in the second quarter of 2020 primarily due to higher income from operations resulting from the effects of higher sales volumes and higher average TiO2 selling prices , partially offset by higher manufacturing and other production costs , as discussed below . Net income for the first six months of 2021 was comparable to net income for the first six months of 2020 as higher net sales resulting from higher sales volumes and average TiO2 selling prices were offset by higher manufacturing and other production costs , including higher costs for raw materials and energy . Net sales of $ 478.6 million in the second quarter of 2021 were $ 92.6 million , or 24 % higher than in the second quarter of 2020. Net sales of $ 943.6 million in the first six months of 2021 were $ 136.6 million , or 17 % , higher than in the first six months of 2020. Net sales increased in the 2021 periods primarily due to higher sales volumes and higher average TiO2 selling prices . TiO2 sales volumes were 16 % higher in the second quarter of 2021 as compared to the second quarter of 2020 and 9 % higher in the first six months of 2021 as compared to the same prior year period due to higher demand in all major markets resulting from overall improvements in global economic activity in the 2021 periods compared to the same periods in 2020 due to the negative economic effects from the COVID - 19 pandemic in the second quarter of 2020. Average TiO2 https://kronosworldwideinc.gcs-web.com/news-releases/news-release-details/kronos-worldwide-reports-second-quarter-2021-results 1/10