secwatch.observer — SEC 8-K summary
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Issuer:     Tronox Holdings plc (TROX)
CIK:        0001530804
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001140361-23-036388
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1530804/000114036123036388/0001140361-23-036388-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1530804/000114036123036388/brhc20056479_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-036388

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer