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Tronox Holdings Plc (NYSE: TROX) provides investors and industry professionals with comprehensive updates through this dedicated news hub. Track official press releases, financial disclosures, and strategic developments from the vertically integrated titanium dioxide producer.
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Tronox Holdings plc (NYSE:TROX) reported its Q1 2023 financial results, showing revenue of $708 million, a 27% decrease year-over-year, primarily due to lower sales volumes. Net income was $25 million with a GAAP diluted EPS of $0.15. Adjusted EBITDA fell 39% to $146 million, although it exceeded expectations by $16 million. For Q2, Tronox anticipates a mid- to high-teens increase in TiO2 volumes and an adjusted EBITDA of $160-170 million. The company ended the quarter with $2.7 billion in total debt and reported a free cash flow use of $172 million. Additionally, the firm is focused on sustainability, appointing a new Chief Sustainability Officer and aiming for carbon neutrality by 2050.
Tronox Holdings plc (NYSE: TROX) has announced the schedule for its first quarter 2023 earnings release and conference call. The earnings release is set for April 26, 2023, after market close, followed by a webcast conference call on April 27, 2023, at 8:00 AM ET. The live call will be accessible to the public via internet and telephone, with replay options available from April 27 at 11:00 AM EDT until May 4, 2023, at 11:59 PM EDT. Tronox, a leading producer of titanium products, operates with approximately 6,500 employees globally and showcases a strong vertical integration in its operations. Investors can find further details on the company’s website.
Tronox Holdings plc (NYSE: TROX) announced a quarterly dividend of $0.125 per share, payable on April 6, 2023, to shareholders of record by March 6, 2023. The company, a leading producer of titanium dioxide pigment and related products, has a strong operational presence with around 6,500 employees globally. Tronox's vertical integration and expertise in titanium products position it well in the market. This dividend marks a commitment to returning value to shareholders and reflects the company's ongoing financial stability.
Tronox reported Q4 2022 results with revenue of $649 million, down 27% year-over-year, primarily due to lower sales volumes in the titanium dioxide (TiO2) and zircon segments. The company posted a net loss of $14 million and an Adjusted EBITDA of $113 million, a 52% decline from the previous year. Despite the challenges, free cash flow reached $126 million, exceeding expectations due to improved cash management. For Q1 2023, Tronox anticipates Adjusted EBITDA between $120 million and $130 million, reflecting ongoing supply chain issues and prior operational challenges. Full-year revenue was $3,454 million with net income of $500 million.