 Dallas, March 10, 2021 GLOBE NEWSWIRE -- Kronos Worldwide, Inc. NYSE:KRO today reported net income of 10.2 million, or .09 per share, in the fourth quarter of 2020 compared to net income of 9.4 million, or .08 per share, in the fourth quarter of 2019. For the full year of 2020, Kronos Worldwide reported net income of 63.9 million, or .55 per share, compared to net income of 87.1 million, or .75 per share for the full year of 2019. We reported higher net income in the fourth quarter of 2020 as compared to the fourth quarter of 2019 primarily due to higher income from operations resulting from higher sales volumes and lower production costs, partially offset by lower average TiO2 selling prices. We reported lower net income for the full year of 2020 compared to the full year of 2019 primarily due to lower income from operations resulting from the effects of lower sales volumes, lower average TiO2 selling prices and higher raw materials and other production costs, as discussed below. Our results of operations for the full year of 2020 were significantly impacted by the COVID-19 pandemic, specifically through sharply reduced demand for certain of our products resulting from the rapid contraction across the global economy occurring in the second quarter, with demand continuing to strengthen throughout the second half of 2020. 