Tronox Holdings Plc Stock Price, News & Analysis

Tronox Holdings plc (NYSE:TROX) has revised its third quarter 2022 outlook, expecting Adjusted EBITDA to be between $240 and $255 million, down from the prior range of $275 to $295 million. This adjustment is attributed to lower-than-expected TiO₂ sales volumes and rising energy costs in Europe. While demand remains stable in North and Latin America, macroeconomic conditions have softened demand in Europe, the Middle East, Africa, and Asia Pacific. Tronox continues to focus on cost management and operational efficiency amidst these challenges.

Tronox Holdings plc (NYSE: TROX) declared a quarterly dividend of $0.125 per share, set to be paid on September 16, 2022. Shareholders must be on record by the close of business on August 15, 2022. As a leading integrated manufacturer of titanium dioxide pigment, Tronox operates across six continents with about 6,500 employees. The company emphasizes its rich diversity and vertical integration model, strengthening its position in the titanium dioxide market.

Tronox Holdings reported its Q2 2022 results, achieving a revenue of $945 million, a 2% increase year-over-year, driven by a 4% rise in TiO2 revenues. Net income soared to $375 million, attributed to a $262 million tax benefit. The company also recorded an Adjusted EBITDA of $275 million with a margin of 29.1%, marking a 350 basis points improvement. Cash returned to shareholders reached $91 million year-to-date. Looking ahead, Q3 2022 Adjusted EBITDA is expected between $275 million and $295 million.

Tronox Holdings plc (NYSE: TROX) announced its second quarter 2022 earnings release on July 27, 2022, after market close. The company will hold a webcast conference call on July 28, 2022, at 8:00 a.m. ET. Investors can access the call via internet and telephone. Replay options will be available from July 28, 2022, to August 2, 2022. Tronox is a leading producer of high-quality titanium products, employing approximately 6,500 staff globally. For more details, visit their website at tronox.com.

Tronox Holdings plc (NYSE: TROX) held its 2022 Investor Day on June 16, 2022, updating its financial outlook for 2022 and setting ambitious financial goals for 2025. The company increased the bottom-end of its 2022 adjusted EBITDA forecast to $1.075 billion to $1.125 billion and adjusted EPS to $3.15 to $3.59. For 2025, Tronox projects adjusted EBITDA of $1.3 billion to $1.5 billion and free cash flow of $750 million to $850 million, with a gross debt target of under $2 billion.

Tronox Holdings plc (NYSE: TROX) has announced a quarterly dividend of $0.125 per share, which will be payable on June 24, 2022. Shareholders must be on record by the close of business on May 23, 2022 to receive this payment. Tronox is a leading integrated manufacturer of titanium dioxide pigment and other titanium products, employing approximately 6,500 across six continents. Their robust vertical integration and operational expertise solidify their position as a key player in the market.

Tronox reported solid financial results for Q1 2022, achieving $965 million in revenue, an 8% increase year-over-year, primarily driven by TiO2 and pig iron sales. The company generated a net income of $16 million and an adjusted diluted EPS of $0.60, reflecting a 40% increase. Adjusted EBITDA reached $240 million, maintaining a margin of 24.9%. Despite challenges like cost inflation and supply chain disruptions, Tronox affirmed its 2022 adjusted EBITDA guidance of $1.025-$1.125 billion while adjusting free cash flow expectations to at least $265 million.

Tronox Holdings plc (NYSE: TROX) has scheduled its first-quarter 2022 earnings release for April 27, 2022, after market close, with a subsequent webcast conference call on April 28, 2022, at 8:00 a.m. ET. The earnings release will be accessible through PR Newswire and the company's website. Following the live call, a replay will be available from April 28 until May 5, 2022. Tronox is a leading producer of titanium products and operates globally with around 6,500 employees.