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Tronox Holdings plc reports developments as an integrated producer of titanium dioxide pigment and related titanium products. Its updates commonly cover TiO2 and zircon sales volumes, pricing, foreign-exchange effects, adjusted EBITDA, capital expenditures, and restructuring charges tied to pigment-plant actions.
The company also reports quarterly dividends and earnings-call schedules. Its business descriptions emphasize titanium-bearing mineral sands mining, upgrading facilities that produce high-grade feedstock materials, pig iron and monazite, and product uses in paints, plastics, paper and other industrial applications.
Tronox Holdings plc (NYSE:TROX) announced that the British Competition and Markets Authority intends to conduct a Phase 2 investigation into its acquisition of TiZir Titanium and Iron from Eramet S.A. The decision follows an earlier May 2020 announcement regarding the acquisition. Tronox may propose remedies to the CMA during the investigation process. The transaction does not require notification in the UK or meet the premerger reporting thresholds in the U.S. The company is cooperating with investigations by both CMA and the Federal Trade Commission.
Tronox Holdings plc (NYSE:TROX) announced the appointment of John D. Romano and Jean-François Turgeon as co-CEOs on an interim basis, following the leave of absence of Jeffry N. Quinn due to his involvement in a securities complaint. Romano and Turgeon, who have extensive experience in the titanium dioxide industry, will ensure company stability and continued execution of Tronox's long-term strategies. The Board emphasizes that this leadership change is in the best interest of Tronox and its stakeholders.
Tronox Holdings plc (NYSE:TROX) announced a quarterly dividend of $0.07 per share, payable on November 30, 2020, to shareholders on record by November 16, 2020.
This decision highlights the company's commitment to returning value to its shareholders amid its operations in manufacturing titanium dioxide pigment and other titanium products.
Tronox reported Q3 2020 revenue of $675 million, up 17% from Q2 2020, but down 12% year-over-year. Net income surged to $902 million, due to a non-cash tax benefit. Adjusted EBITDA fell 20% to $148 million, with a 22% margin. TiO2 sales volumes increased 16%% sequentially, while zircon volumes dropped 15%. The company raised its synergy target for the year to $235 million, indicating a strong recovery trajectory despite pandemic impacts. Guidance for Q4 2020 suggests improving sales trends and a strong outlook for zircon sales.
Tronox Holdings plc (NYSE: TROX) has announced the schedule for its third-quarter 2020 earnings release and webcast conference call.
Earnings Release: Scheduled for October 28, 2020, after market close.
Webcast Conference Call: Set for October 29, 2020, at 9:00 a.m. ET, accessible via internet broadcast and phone.
For further details, visit tronox.com.
Tronox Holdings plc (NYSE:TROX) announced a quarterly dividend of $0.07 per share, payable on September 1, 2020, to shareholders of record by the close of business on August 18, 2020. This decision underscores the company's commitment to returning value to its shareholders and reflects its operational stability in the titanium dioxide pigment market. Tronox continues to be a leading integrated manufacturer in the industry, benefiting from its diverse product range and a strong workforce.
Tronox reported Q2 2020 revenue of $578 million, down 30% from $827 million YoY, primarily due to COVID-19 impacts. The company experienced a net loss of $4 million (loss per share: $0.03) compared to a profit of $26 million last year. Adjusted EBITDA was $142 million with a 25% margin. TiO2 sales dropped 25%, while zircon sales saw a 2% increase. The company maintains the full-year synergy target of $190 million and has over $1.1 billion in available liquidity to support ongoing operations and acquisitions.
Tronox Holdings plc (NYSE: TROX) has announced the schedule for its second quarter 2020 earnings release and webcast conference call. The earnings release will occur on July 29, 2020, after market close, available via PR Newswire and Tronox's website. The conference call is set for July 30, 2020, at 8:30 a.m. ET, broadcasted live online and by telephone. Replay options for the call will be available from July 30 until August 4, 2020. Tronox is a leading producer of titanium products globally.