Here's Why You Should Buy Kronos Worldwide Stock Right Now

Core Viewpoint - Kronos Worldwide, Inc. (KRO) is expected to benefit from increased demand for titanium dioxide (TiO2) and reduced pricing pressure, alongside cost-reduction initiatives that will support margins [1] Group 1: Stock Performance - KRO has outperformed its industry over the past year, with shares increasing by 32.8% compared to a 9.6% decline in the industry [2] - The Zacks Consensus Estimate for KRO's earnings in 2024 is projected at 88 cents, indicating a year-over-year growth of 304.7% [2] Group 2: Earnings Estimates - Earnings estimates for KRO have been revised upward over the past 60 days, with the 2024 estimate increasing by 3.5% and the third-quarter estimate rising by 9.7% [3] Group 3: Demand and Production - KRO is well-positioned to benefit from higher TiO2 demand, with consumption growing at a compound annual growth rate of approximately 2% since 2000 [4] - The company anticipates that sales volumes in 2024 will exceed those of 2023 due to improved demand [5] Group 4: Cost Management - KRO is implementing cost-reduction strategies and aligning production with expected demand, which is expected to enhance margins [6] - The company expects to report improved margins in 2024 due to reduced energy costs, cost-cutting initiatives, and sustained selling price increases [7]