Tronox Holdings Plc Stock Price, News & Analysis

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.

Tronox Holdings plc (NYSE:TROX) announced a decision from a judge in litigation against Venator Materials plc, mandating Tronox to pay a $75 million 'Break Fee' related to a 2018 Exclusivity Agreement. Tronox expressed disappointment in the ruling and is evaluating the possibility of an appeal. Despite this, the company claims the payment will not materially impact future operations, although it will adjust its 2022 free cash flow guidance, with further updates expected during the first quarter financial results report.

Tronox Holdings plc (NYSE:TROX) has successfully closed a $400 million incremental term loan under its existing credit agreement. The funds were utilized, along with existing cash, to fully redeem $500 million of its 6.5% Senior Secured Notes due 2025. This move facilitates Tronox in reaching its $2.5 billion gross debt target ahead of schedule, while simultaneously decreasing cash interest payments and extending debt maturities. The company plans to use surplus cash flow post capital expenditures and dividend payments for further debt reduction and share repurchases.

Tronox Holdings plc (NYSE: TROX) will host an Investor Day on June 16, 2022, in New York City, starting at 8:30 AM ET. The event will feature presentations from top executives, including co-CEOs John Romano and Jean-Francois Turgeon, and CFO Timothy Carlson. A live webcast will be accessible on the Company’s Investor Relations webpage, with a replay available for three months post-event. Tronox is a leading producer of titanium dioxide pigment and other titanium products, operating globally with around 6,500 employees.

Tronox Holdings plc (NYSE:TROX) has announced a significant 200 MW solar project with SOLA Group, expected to supply around 40% of its electricity needs in South Africa. The project aims to lower the company's global scope 1 & 2 emissions by approximately 13% from its 2019 baseline, aligning with its goal of achieving net zero GHG emissions by 2050. This initiative marks a key step in Tronox's sustainability strategy, supported by executive measures to reduce emissions further by 15% by the end of 2025.

Tronox Holdings plc (NYSE:TROX) has declared a quarterly dividend of $0.125 per share, payable on April 8, 2022, to shareholders on record by the close of business on March 7, 2022. The company is recognized as a leading manufacturer of titanium dioxide pigment and related products, employing around 6,500 personnel worldwide. With a focus on vertical integration and operational excellence, Tronox aims to enhance the quality and durability of a range of everyday products including paints and plastics.

Tronox Holdings plc (NYSE: TROX) announced a $400 million Incremental Term Loan to redeem its $500 million 6.5% Senior Secured Notes due 2025, aiming to cut gross debt by $100 million and extend maturities. This move is intended to decrease cash interest payments and shift from secured bond debt to prepayable term loan debt. The redemption is set for April 4, 2022, subject to the loan's closure. CFO Tim Carlson emphasized that freed cash flow will focus on debt reduction and share repurchases.