KRO - Kronos Converts TiO2 Into Cash Flow
Kronos Worldwide (KRO), a bellwether of titanium dioxide industry, had a tough year. Regarding one-year returns Kronos underperformed the U.S. chemicals industry, lost 51.7% of market capitalization and expectedly failed to beat S&P 500 (SPY). The main culprit was a sequence of the top line and earnings misses happened because of planned maintenance, higher raw materials prices, production costs, combined with unfavorable TiO2 prices.
KRO data by YChartsSince IPO, its performance has been cyclical, with long rallies and downward plunges, mirroring revenue ups and downs.
KRO data by YCharts