Tronox Holdings Plc Stock Price, News & Analysis

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.

Tronox Holdings plc (NYSE: TROX) reported Q4 2021 revenue of $884 million, a 13% increase, and net income of $87 million. For the full year, record revenue reached $3.572 billion, a 30% year-over-year rise. Adjusted EBITDA stood at $947 million, reflecting a 42% increase. The company expects to reinstate annual guidance for 2022, with Adjusted EBITDA projected between $1.025 billion and $1.125 billion. Tronox plans to increase its annual dividend to $0.50 per share beginning Q1 2022, positioning itself for continued growth amidst ongoing market challenges.

Tronox Holdings plc (NYSE: TROX) has scheduled its fourth quarter 2021 earnings release for February 16, 2022, after market close, with a subsequent webcast conference call on February 17, 2022, at 8:00 a.m. ET. Investors can access the earnings release through PR Newswire and the Tronox website. The conference call will be publicly available via internet broadcast and telephone. A replay will also be accessible from February 17 through February 22, 2022. Tronox is recognized globally for its high-quality titanium products and operates across six continents.

On November 9, 2021, Tronox Holdings plc (NYSE:TROX) announced an updated capital allocation policy following the expected achievement of its $2.5 billion gross debt target by Q1 2022. The Board has authorized a $300 million share repurchase program through February 2024 and plans to increase the dividend to $0.50 per share in 2022. Following the repayment of an additional $200 million in debt, Tronox will have reduced its debt by approximately $800 million. The updates reflect the Company's commitment to value creation for shareholders.