Company Quick10K Filing
Kronos
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 116 $1,757
10-Q 2019-11-07 Quarter: 2019-09-30
10-Q 2019-08-07 Quarter: 2019-06-30
10-Q 2019-05-08 Quarter: 2019-03-31
10-K 2019-03-11 Annual: 2018-12-31
10-Q 2018-11-07 Quarter: 2018-09-30
10-Q 2018-08-07 Quarter: 2018-06-30
10-Q 2018-05-08 Quarter: 2018-03-31
10-K 2018-03-12 Annual: 2017-12-31
10-Q 2017-11-08 Quarter: 2017-09-30
10-Q 2017-08-08 Quarter: 2017-06-30
10-Q 2017-05-08 Quarter: 2017-03-31
10-K 2017-03-10 Annual: 2016-12-31
10-Q 2016-11-07 Quarter: 2016-09-30
10-Q 2016-08-05 Quarter: 2016-06-30
10-Q 2016-05-06 Quarter: 2016-03-31
10-K 2016-03-10 Annual: 2015-12-31
10-Q 2015-11-06 Quarter: 2015-09-30
10-Q 2015-08-07 Quarter: 2015-06-30
10-Q 2015-05-07 Quarter: 2015-03-31
10-K 2015-03-12 Annual: 2014-12-31
10-Q 2014-11-07 Quarter: 2014-09-30
10-Q 2014-08-07 Quarter: 2014-06-30
10-Q 2014-05-08 Quarter: 2014-03-31
10-K 2014-03-12 Annual: 2013-12-31
10-Q 2013-11-06 Quarter: 2013-09-30
10-Q 2013-08-07 Quarter: 2013-06-30
10-Q 2013-05-08 Quarter: 2013-03-31
10-K 2013-03-12 Annual: 2012-12-31
10-Q 2012-11-05 Quarter: 2012-09-30
10-Q 2012-08-09 Quarter: 2012-06-30
10-Q 2012-05-09 Quarter: 2012-03-31
10-K 2012-03-06 Annual: 2011-12-31
10-Q 2011-11-03 Quarter: 2011-09-30
10-Q 2011-08-03 Quarter: 2011-06-30
10-Q 2011-05-04 Quarter: 2011-03-31
10-K 2011-03-07 Annual: 2010-12-31
10-Q 2010-10-22 Quarter: 2010-09-30
10-Q 2010-08-03 Quarter: 2010-06-30
10-Q 2010-05-04 Quarter: 2010-03-31
10-K 2010-03-10 Annual: 2009-12-31
8-K 2019-11-07 Earnings, Regulation FD, Exhibits
8-K 2019-10-23
8-K 2019-09-03 Control
8-K 2019-08-07 Earnings, Regulation FD, Exhibits
8-K 2019-07-16 Control
8-K 2019-05-15 Code of Ethics, Exhibits
8-K 2019-05-15 Shareholder Vote, Regulation FD, Exhibits
8-K 2019-05-08 Earnings, Regulation FD, Exhibits
8-K 2019-03-18 Officers
8-K 2019-03-11 Earnings, Regulation FD, Exhibits
8-K 2019-02-20 Regulation FD, Exhibits
8-K 2018-11-07 Earnings, Regulation FD, Exhibits
8-K 2018-10-24 Regulation FD, Exhibits
8-K 2018-08-07 Earnings, Regulation FD, Exhibits
8-K 2018-05-16 Shareholder Vote, Regulation FD, Exhibits
8-K 2018-05-08 Earnings, Regulation FD, Exhibits
8-K 2018-03-15 Officers
8-K 2018-03-12 Earnings, Regulation FD, Exhibits
8-K 2018-02-21 Regulation FD, Exhibits
KRO 2019-09-30
Note 1 - Organization and Basis of Presentation:
Note 2 - Accounts and Other Receivables:
Note 3 - Inventories, Net:
Note 4 - Marketable Securities:
Note 5 - Leases:
Note 6 - Other Noncurrent Assets:
Note 7 - Long-Term Debt:
Note 8 - Accounts Payable and Accrued Liabilities:
Note 9 - Other Noncurrent Liabilities:
Note 10 - Revenue Recognition:
Note 11 - Employee Benefit Plans:
Note 12 - Income Taxes:
Note 13 - Stockholders' Equity:
Note 14 - Commitments and Contingencies:
Note 15 - Financial Instruments:
Note 16 - Recent Accounting Pronouncement:
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 3. Quantitative and Qualitative Disclosure About Market Risk
Item 4. Controls and Procedures
Part II. Other Information
Item 1. Legal Proceedings
Item 1A. Risk Factors
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Item 6. Exhibits
EX-31.1 kro-ex311_6.htm
EX-31.2 kro-ex312_7.htm
EX-32.1 kro-ex321_8.htm

Kronos Earnings 2019-09-30

KRO 10Q Quarterly Report

Balance SheetIncome StatementCash Flow

Comparables ($MM TTM)
Ticker M Cap Assets Liab Rev G Profit Net Inc EBITDA EV G Margin EV/EBITDA ROA
POL 2,374 2,931 2,360 3,521 752 142 270 3,689 21% 13.6 5%
WDFC 2,238 313 160 317 231 69 88 2,264 73% 25.7 22%
IOSP 2,177 1,490 626 1,534 457 92 190 2,229 30% 11.7 6%
PQG 2,089 4,442 2,722 1,598 392 77 413 4,151 24% 10.0 2%
MTX 2,077 3,149 1,728 1,813 454 154 338 2,739 25% 8.1 5%
TSE 1,838 2,804 2,059 4,230 374 138 325 2,472 9% 7.6 5%
KRO 1,757 1,959 1,091 1,681 434 116 250 1,881 26% 7.5 6%
TROX 1,713 5,416 4,487 2,066 422 -65 396 4,540 20% 11.5 -1%
GCP 1,621 1,270 758 1,061 392 74 147 1,691 37% 11.5 6%
OEC 1,509 1,273 1,114 0 0 0 0 2,132 0%

10-Q 1 kro-10q_20190930.htm 10-Q kro-10q_20190930.htm

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

☒  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2019

OR

☐  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from          to          

Commission file number 1-31763

 

KRONOS WORLDWIDE, INC.

(Exact name of registrant as specified in its charter)

 

 

Delaware

 

76-0294959

(State or other jurisdiction of

incorporation or organization)

 

(IRS Employer

Identification No.)

5430 LBJ Freeway, Suite 1700

Dallas, Texas 75240-2620

(Address of principal executive offices)

Registrant’s telephone number, including area code: (972) 233-1700

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

 

Trading Symbol(s)

 

Name of each exchange on which registered

Common stock

 

KRO

 

NYSE

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months and (2) has been subject to such filing requirements for the past 90 days.    Yes      No  

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes      No  

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company or an emerging growth company.  See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer          

Accelerated filer

Non-accelerated filer

  Smaller reporting company  

Emerging growth company  

 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).    Yes      No  

Number of shares of the registrant’s common stock, $.01 par value per share, outstanding on November 1, 2019:  115,651,706.

 

 

 


 

KRONOS WORLDWIDE, INC. AND SUBSIDIARIES

INDEX

 

 

  

 

  

Page
number

 

Part I.

  

FINANCIAL INFORMATION

  

 

 

Item 1.

  

Financial Statements

  

 

 

  

 

Condensed Consolidated Balance Sheets -
   December 31, 2018; September 30, 2019 (unaudited)

  

3

 

  

 

Condensed Consolidated Statements of Income (unaudited) -
   Three and nine months ended September 30, 2018 and 2019

  

5

 

  

 

Condensed Consolidated Statements of Comprehensive Income (unaudited) -
   Three and nine months ended September 30, 2018 and 2019

  

6

 

  

 

Condensed Consolidated Statements of Stockholders’ Equity (unaudited) -
   Three and nine months ended September 30, 2018 and 2019

  

7

 

  

 

Condensed Consolidated Statements of Cash Flows (unaudited) -
   Nine months ended September 30, 2018 and 2019

  

9

 

  

 

Notes to Condensed Consolidated Financial Statements (unaudited)

  

11

Item 2.

  

 

Management’s Discussion and Analysis of Financial Condition and Results of Operations

  

20

Item 3.

  

 

Quantitative and Qualitative Disclosure About Market Risk

  

30

Item 4.

  

 

Controls and Procedures

  

30

 

Part II.

  

OTHER INFORMATION

  

 

 

Item 1.

  

Legal Proceedings

  

31

Item 1A.

  

 

Risk Factors

  

31

Item 2.

 

Unregistered Sales of Equity Securities and Use of Proceeds

 

31

Item 6.

  

 

Exhibits

  

31

 

Items 3, 4 and 5 of Part II are omitted because there is no information to report.

  

 

 

 

 

 

- 2 -


 

KRONOS WORLDWIDE, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions)

 

 

 

December 31,

 

 

September 30,

 

 

2018

 

 

2019

 

 

 

 

 

 

(unaudited)

 

ASSETS

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

 

Cash and cash equivalents

$

373.3

 

 

$

385.8

 

Restricted cash

 

1.4

 

 

 

1.1

 

Accounts and other receivables

 

312.5

 

 

 

348.3

 

Inventories, net

 

497.9

 

 

 

434.9

 

Prepaid expenses and other

 

16.3

 

 

 

16.8

 

 

 

 

 

 

 

 

 

Total current assets

 

1,201.4

 

 

 

1,186.9

 

 

 

 

 

 

 

 

 

Other assets:

 

 

 

 

 

 

 

Investment in TiO2 manufacturing joint venture

 

81.3

 

 

 

83.1

 

Marketable securities

 

3.4

 

 

 

3.3

 

Note receivable from Valhi

 

-

 

 

 

5.0

 

Operating lease right-of-use assets

 

-

 

 

 

30.1

 

Deferred income taxes

 

122.0

 

 

 

107.7

 

Other

 

3.6

 

 

 

3.3

 

 

 

 

 

 

 

 

 

Total other assets

 

210.3

 

 

 

232.5

 

 

 

 

 

 

 

 

 

Property and equipment:

 

 

 

 

 

 

 

Land

 

41.0

 

 

 

39.3

 

Buildings

 

211.7

 

 

 

206.1

 

Equipment

 

1,102.6

 

 

 

1,079.6

 

Mining properties

 

114.0

 

 

 

113.2

 

Construction in progress

 

38.0

 

 

 

45.8

 

 

 

1,507.3

 

 

 

1,484.0

 

Less accumulated depreciation and amortization

 

1,020.9

 

 

 

1,018.5

 

 

 

 

 

 

 

 

 

Net property and equipment

 

486.4

 

 

 

465.5

 

 

 

 

 

 

 

 

 

Total assets

$

1,898.1

 

 

$

1,884.9

 

 

- 3 -


 

KRONOS WORLDWIDE, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)

(In millions)

 

 

 

December 31,

 

 

September 30,

 

 

2018

 

 

2019

 

 

 

 

 

 

(unaudited)

 

LIABILITIES AND STOCKHOLDERS' EQUITY

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

Current maturities of long-term debt

$

1.5

 

 

$

1.5

 

Accounts payable and accrued liabilities

 

222.9

 

 

 

224.4

 

Income taxes

 

9.0

 

 

 

1.6

 

 

 

 

 

 

 

 

 

Total current liabilities

 

233.4

 

 

 

227.5

 

 

 

 

 

 

 

 

 

Noncurrent liabilities:

 

 

 

 

 

 

 

Long-term debt

 

455.1

 

 

 

434.6

 

Accrued pension costs

 

262.9

 

 

 

249.3

 

Payable to affiliate - income taxes

 

56.6

 

 

 

56.6

 

Operating lease liabilities

 

-

 

 

 

23.1

 

Deferred income taxes

 

21.5

 

 

 

22.0

 

Other

 

28.8

 

 

 

24.9

 

 

 

 

 

 

 

 

 

Total noncurrent liabilities

 

824.9

 

 

 

810.5

 

 

 

 

 

 

 

 

 

Stockholders' equity:

 

 

 

 

 

 

 

Common stock

 

1.2

 

 

 

1.2

 

Additional paid-in capital

 

1,399.1

 

 

 

1,397.8

 

Retained deficit

 

(136.2

)

 

 

(121.0

)

Accumulated other comprehensive loss

 

(424.3

)

 

 

(429.5

)

Treasury stock

 

-

 

 

 

(1.6

)

 

 

 

 

 

 

 

 

Total stockholders' equity

 

839.8

 

 

 

846.9

 

 

 

 

 

 

 

 

 

Total liabilities and stockholders' equity

$

1,898.1

 

 

$

1,884.9

 

Commitments and contingencies (Notes 12 and 14)

See accompanying notes to Condensed Consolidated Financial Statements.  

 

- 4 -


 

KRONOS WORLDWIDE, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(In millions, except per share data)

 

 

 

Three months ended

 

 

Nine months ended

 

 

September 30,

 

 

September 30,

 

 

2018

 

 

2019

 

 

2018

 

 

2019

 

 

(unaudited)

 

Net sales

$

410.3

 

 

$

437.4

 

 

$

1,312.5

 

 

$

1,358.4

 

Cost of sales

 

291.2

 

 

 

349.7

 

 

 

846.8

 

 

 

1,051.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross margin

 

119.1

 

 

 

87.7

 

 

 

465.7

 

 

 

306.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Selling, general and administrative expense

 

57.3

 

 

 

56.9

 

 

 

173.7

 

 

 

172.5

 

Other operating income (expense):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Currency transactions, net

 

(.6

)

 

 

5.8

 

 

 

4.2

 

 

 

5.6

 

Other operating expense, net

 

(3.1

)

 

 

(3.5

)

 

 

(10.7

)

 

 

(11.0

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from operations

 

58.1

 

 

 

33.1

 

 

 

285.5

 

 

 

128.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income (expense):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest and dividend income

 

1.5

 

 

 

1.4

 

 

 

3.7

 

 

 

5.2

 

Marketable equity securities

 

(4.3

)

 

 

(1.9

)

 

 

(6.7

)

 

 

(.1

)

Other components of net periodic pension and OPEB cost

 

(3.7

)

 

 

(3.8

)

 

 

(11.3

)

 

 

(11.4

)

Interest expense

 

(4.9

)

 

 

(4.6

)

 

 

(14.7

)

 

 

(14.1

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes

 

46.7

 

 

 

24.2

 

 

 

256.5

 

 

 

108.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax expense

 

14.1

 

 

 

6.3

 

 

 

75.5

 

 

 

30.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

$

32.6

 

 

$

17.9

 

 

$

181.0

 

 

$

77.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per basic and diluted share

$

.28

 

 

$

.16

 

 

$

1.56

 

 

$

.67

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares used in the calculation

  of net income per share

 

115.9

 

 

 

115.7

 

 

 

115.9

 

 

 

115.8

 

 

See accompanying notes to Condensed Consolidated Financial Statements.  

 

- 5 -


 

KRONOS WORLDWIDE, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In millions)

 

 

 

Three months ended

 

 

Nine months ended

 

 

September 30,

 

 

September 30,

 

 

2018

 

 

2019

 

 

2018

 

 

2019

 

 

(unaudited)

 

Net income

$

32.6

 

 

$

17.9

 

 

$

181.0

 

 

$

77.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income (loss), net of tax:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Currency translation

 

4.5

 

 

 

(18.7

)

 

 

(10.0

)

 

 

(11.7

)

Defined benefit pension plans

 

2.4

 

 

 

2.2

 

 

 

7.3

 

 

 

6.7

 

Other postretirement benefit plans

 

-

 

 

 

(.1

)

 

 

(.2

)

 

 

(.2

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total other comprehensive income (loss), net

 

6.9

 

 

 

(16.6

)

 

 

(2.9

)

 

 

(5.2

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Comprehensive income

$

39.5

 

 

$

1.3

 

 

$

178.1

 

 

$

72.5

 

 

See accompanying notes to Condensed Consolidated Financial Statements.

 

- 6 -


 

KRONOS WORLDWIDE, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

(In millions)

 

 

Three and nine months ended September 30, 2018 (unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

 

 

 

Additional

 

 

Retained

 

 

other

 

 

 

 

 

 

Common

 

 

paid-in

 

 

earnings

 

 

comprehensive

 

 

 

 

 

 

stock

 

 

capital

 

 

(deficit)

 

 

income (loss)

 

 

Total

 

 

 

 

Balance at December 31, 2017

$

1.2

 

 

$

1,399.0

 

 

$

(267.2

)

 

$

(378.7

)

 

$

754.3

 

Change in accounting principle - ASU 2016-01

 

-

 

 

 

-

 

 

 

4.8

 

 

 

(4.8

)

 

 

-

 

Balance at January 1, 2018, as adjusted

 

1.2

 

 

 

1,399.0

 

 

 

(262.4

)

 

 

(383.5

)

 

 

754.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

-

 

 

 

-

 

 

 

70.7

 

 

 

-

 

 

 

70.7

 

Other comprehensive income, net of tax

 

-

 

 

 

-

 

 

 

-

 

 

 

13.0

 

 

 

13.0

 

Dividends paid - $.17 per share

 

-

 

 

 

-

 

 

 

(19.7

)

 

 

-

 

 

 

(19.7

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at March 31, 2018

 

1.2

 

 

 

1,399.0

 

 

 

(211.4

)

 

 

(370.5

)

 

 

818.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

-

 

 

 

-

 

 

 

77.7

 

 

 

-

 

 

 

77.7

 

Other comprehensive loss, net of tax

 

-

 

 

 

-

 

 

 

-

 

 

 

(22.8

)

 

 

(22.8

)

Issuance of common stock

 

-

 

 

 

.1

 

 

 

-

 

 

 

-

 

 

 

.1

 

Dividends paid - $.17 per share

 

-

 

 

 

-

 

 

 

(19.7

)

 

 

-

 

 

 

(19.7

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at June 30, 2018

 

1.2

 

 

 

1,399.1

 

 

 

(153.4

)

 

 

(393.3

)

 

 

853.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

-

 

 

 

-

 

 

 

32.6

 

 

 

-

 

 

 

32.6

 

Other comprehensive income, net of tax

 

-

 

 

 

-

 

 

 

-

 

 

 

6.9

 

 

 

6.9

 

Dividends paid - $.17 per share

 

-

 

 

 

-

 

 

 

(19.7

)

 

 

-

 

 

 

(19.7

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at September 30, 2018

$

1.2

 

 

$

1,399.1

 

 

$

(140.5

)

 

$

(386.4

)

 

$

873.4

 

 

 

 

 

 

 

 

- 7 -


 

KRONOS WORLDWIDE, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (CONTINUED)

(In millions)

 

 

 

Three and nine months ended September 30, 2019 (unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Additional

 

 

Retained

 

 

other

 

 

 

 

 

 

 

 

 

 

Common

 

 

paid-in

 

 

earnings

 

 

comprehensive

 

 

Treasury

 

 

 

 

 

 

stock

 

 

capital

 

 

(deficit)

 

 

income (loss)

 

 

stock

 

 

Total

 

 

 

 

Balance at December 31, 2018

$

1.2

 

 

$

1,399.1

 

 

$

(136.2

)

 

$

(424.3

)

 

$

-

 

 

$

839.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

-

 

 

 

-

 

 

 

30.3

 

 

 

-

 

 

 

-

 

 

 

30.3

 

Other comprehensive income, net of tax

 

-

 

 

 

-

 

 

 

-

 

 

 

2.1

 

 

 

-

 

 

 

2.1

 

Dividends paid - $.18 per share

 

-

 

 

 

-

 

 

 

(20.9

)

 

 

-

 

 

 

-

 

 

 

(20.9

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at March 31, 2019

 

1.2

 

 

 

1,399.1

 

 

 

(126.8

)

 

 

(422.2

)

 

 

-

 

 

 

851.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

-

 

 

 

-

 

 

 

29.5

 

 

 

-

 

 

 

-

 

 

 

29.5

 

Other comprehensive income, net of tax

 

-

 

 

 

-

 

 

 

-

 

 

 

9.3

 

 

 

-

 

 

 

9.3

 

Issuance of common stock

 

-

 

 

 

.1

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

.1

 

Dividends paid - $.18 per share

 

-

 

 

 

-

 

 

 

(20.8

)

 

 

-

 

 

 

-

 

 

 

(20.8

)

Treasury stock acquired

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(1.4

)

 

 

(1.4

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at June 30, 2019

 

1.2

 

 

 

1,399.2

 

 

 

(118.1

)

 

 

(412.9

)

 

 

(1.4

)

 

 

868.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

-

 

 

 

-

 

 

 

17.9

 

 

 

-

 

 

 

-

 

 

 

17.9

 

Other comprehensive loss, net of tax

 

-

 

 

 

-

 

 

 

-

 

 

 

(16.6

)

 

 

-

 

 

 

(16.6

)

Dividends paid - $.18 per share

 

-

 

 

 

-

 

 

 

(20.8

)

 

 

-

 

 

 

-

 

 

 

(20.8

)

Treasury stock acquired

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(1.6

)

 

 

(1.6

)

Treasury stock retired

 

-

 

 

 

(1.4

)

 

 

-

 

 

 

-

 

 

 

1.4

 

 

 

-