Tronox Q1 revenue $708M (-27% YoY), Adj. EBITDA $146M beats guidance; Q2 outlook improved

Tronox Holdings plc

2023-Q1 EPS reported $0.15 revenue$708,000,000

Revenue $708M (-27% YoY), net income $25M, GAAP diluted EPS $0.15, adjusted diluted EPS $0.15.
Adjusted EBITDA $146M (20.6% margin), $16M above guided range; EBITDA down 39% YoY.
Q2 2023 guidance: TiO2 volumes up mid-to-high teens q/q; Adjusted EBITDA $160-170M.
TiO2 revenue $560M (-28% YoY); volumes -30% YoY, +14% sequentially; zircon revenue $72M (-33%).
Appointed Jennifer Guenther as Chief Sustainability Officer, Head of IR and FP.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Tronox Holdings plc reported first quarter ended March 31, 2023 results: revenue $708 million, net income $25 million, EPS $0.15. Guidance initiated.

Period: first quarter ended March 31, 2023
Revenue: $708 million
Net income: $25 million
EPS: $0.15
Guidance: initiated
Result: reported results

Exact text from the filing

First Quarter 2023 Financial Highlights : • Produced revenue of $708 million, a decrease of 27% compared to the prior year • Generated income from operations of $62 million and net income of $25 million • Achieved GAAP diluted EPS of $0.15 ; adjusted diluted EPS of $0.15 (non-GAAP)

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Tronox Holdings plc updated its Q2 2023 guidance (initiated).

Period: Q2 2023
Guidance: initiated
Result: guidance update

Exact text from the filing

Q2 2023 Outlook: • TiO 2 volumes expected to increase in the mid- to high-teens range compared to the first quarter 2023 • Adjusted EBITDA expected to be $160-170 million

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Source: SEC EDGAR

accession 0001140361-23-020748

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