Tronox Q2 adj EBITDA $168M at high end; net loss $269M; Q3 guide $115-135M

Tronox Holdings plc

2023-Q2 EPS reported -$1.58 revenue$1,502,000,000

Revenue $794M, down 16% YoY but up 12% QoQ; TiO2 volumes -22% YoY, +9% QoQ.
GAAP diluted EPS -$1.72 includes $293M Australia deferred tax valuation allowance; adj EPS $0.16.
Adjusted EBITDA $168M (21.2% margin) at high end of $160-170M guidance; free cash flow $81M.
Q3 adj EBITDA guidance $115-135M, citing flat TiO2 volumes and 15-20K ton drop in zircon volumes.
Returned $50M to shareholders via dividends; net leverage 3.8x; $447M liquidity.

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 1.0

Tronox Holdings plc updated its third quarter 2023 guidance (initiated).

Period: third quarter 2023
Guidance: initiated
Result: guidance update

Exact text from the filing

As a result of these market dynamics, we anticipate Adjusted EBITDA for the third quarter 2023 to be $115-135 million.

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Tronox Holdings plc reported quarter ending June 30, 2023 results: revenue $794 million, net income net loss of $269 million, EPS $(1.72).

Period: quarter ending June 30, 2023
Revenue: $794 million
Net income: net loss of $269 million
EPS: $(1.72)
Result: reported results

Exact text from the filing

Produced revenue of $794 million, a 12% increase compared to the prior quarter, or a 16% decrease compared to the prior year • Generated income from operations of $84 million, and a net loss of $269 million, inclusive of a valuation allowance of $293 million established against the deferred tax assets within our Australia jurisdiction; adjusted net income was $24 million (non-GAAP) • GAAP diluted EPS was $(1.72); achieved adjusted diluted EPS of $0.16 (non-GAAP)

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5 earnings releases filed in the last 30 days. Browse all earnings releases →

Tronox Holdings plc filing history →

Source: SEC EDGAR

accession 0001140361-23-036388

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