earnings
confidence high
sentiment negative
materiality 0.80
Tronox cuts Q3 2022 Adj. EBITDA guidance to $240-255M on weaker TiO2 demand, energy costs
Tronox Holdings plc
- Lowers Q3 2022 Adjusted EBITDA guidance to $240-255M from prior $275-295M (approx. 13% reduction).
- Softness driven by weaker TiO2 volumes in EMEA and Asia Pacific, plus higher natural gas costs in Europe.
- North America and Latin America demand remained relatively in line with expectations.
- Q3 2022 financial results to be released after market close on October 26, 2022.