 Dallas, Texas, Nov. 04, 2020 GLOBE NEWSWIRE -- Kronos Worldwide, Inc. NYSE:KRO today reported net income of 8.1 million, or .07 per share, in the third quarter of 2020 compared to net income of 17.9 million, or .16 per share, in the third quarter of 2019. For the first nine months of 2020, Kronos Worldwide reported net income of 53.7 million, or .46 per share, compared to net income of 77.7 million, or .67 per share in the first nine months of 2019. We reported lower net income in the third quarter of 2020 as compared to the third quarter of 2019 primarily due to lower income from operations resulting from the effects of lower sales volumes and lower average TiO2 selling prices, partially offset by lower production costs. We reported lower net income in the first nine months of 2020 compared to the same period in 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 first nine months 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 improving throughout the third quarter of 2020, but not to pre-pandemic levels in all regions of the world. Comparability of our results was also impacted by the effects of changes in currency exchange rates, also discussed below. 