Selling, general and administrative expense - Kronos’ selling, general and administrative expense increased $2.4 million, or 4%, in the second quarter of 2026 compared to the second quarter of 2025, as the unfavorable impact of changes in currency exchange rates and higher distribution costs more than offset cost savings realized from the fourth quarter of 2025 restructuring.

filing / Aug 5, 2026 / receipt

Kronos’ selling, general and administrative expense increased $4.4 million, or 4%, in the first six months of 2026 compared to the first six months of 2025, as the unfavorable impact of changes in currency exchange rates and slightly higher distribution costs more than offset cost savings realized from the fourth quarter of 2025 restructuring.

filing / Aug 5, 2026 / receipt

The cost-reduction initiatives Kronos implemented during the fourth quarter of 2025, including workforce reductions and other measures designed to align its cost structure with current demand continue to benefit Kronos’ operating results in 2026.

filing / Aug 5, 2026 / receipt

Cost of sales and gross margin - Kronos’ cost of sales increased by $43.5 million, or 11%, in the first quarter of 2026 compared to the first quarter of 2025 due to the effects of a 4% increase in sales volumes and the unfavorable impact from changes in currency exchange rates partially offset by lower production costs driven primarily by the cost reduction initiatives as well as lower raw material and energy costs.

filing / May 6, 2026 / receipt

During the fourth quarter of 2025, Kronos implemented cost reduction initiatives, including workforce reductions and other measures, to permanently improve its cost structure and enable more efficient operation of its facilities at lower production rates for extended periods.

filing / May 6, 2026 / receipt