earnings
confidence high
sentiment negative
materiality 0.75
Tronox Q3 Adj. EBITDA $247M; guides Q4 sharply lower on volume decline
Tronox Holdings plc
2022-Q3 EPS reported
$3.23
revenue$2,805,000,000
- Q3 revenue $895M (+3% YoY); GAAP diluted EPS $0.77, adjusted $0.69.
- Adjusted EBITDA $247M (27.6% margin); free cash flow $25M in quarter.
- Q4 2022 Adj. EBITDA guidance $140-170M; sees TiO2 volumes down 25-30% sequentially.
- Full-year 2022 Adj. EBITDA forecast $902-932M; free cash flow >$150M.
- Net leverage 2.5x; liquidity $486M; YTD shareholder returns $110M.