8-K
filed October 26, 2023, 7:59 PM ET
ticker TROX
CIK 0001530804
earnings
confidence high
sentiment negative
materiality 0.70
Tronox Q3 net loss $14M, revenue down 26%; Co-CEO Turgeon retiring, Romano to lead
Tronox Holdings plc
2023-Q3 EPS reported
-$1.66
revenue$2,164,000,000
- Q3 revenue $662M, down 26% YoY; GAAP diluted EPS -$0.09, adjusted EPS -$0.08.
- Adjusted EBITDA $116M (guidance $115-135M) with 17.5% margin; Q4 guidance $105-125M.
- Co-CEO Jean-Francois Turgeon to retire effective April 1, 2024; remains on Board. John Romano becomes sole CEO.
- Raised $350M incremental term loan in August; net debt $2.6B, leverage ratio 4.8x, no major maturities until 2028.
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 third quarter ended September 30, 2023 results: revenue $662 million, net income net loss of $14 million, EPS $(0.09).
- Period
- third quarter ended September 30, 2023
- Revenue
- $662 million
- Net income
- net loss of $14 million
- EPS
- $(0.09)
- Result
- reported results
Exact text from the filing
("TiO 2 ") pigment, today reported its financial results for the quarter ending September 30, 2023, as follows: Third Quarter 2023 Financial Highlights : • Produced revenue of $662 million, a 17% decrease compared to the prior quarter, or a 26% decrease compared to the prior year • Generated income from operations of $32 million , and a net loss of $14 million ;
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Romano changed role as Sole Chief Executive Officer at Tronox Holdings plc.
- Action
- become
- Role
- Sole Chief Executive Officer
Exact text from the filing
upon Mr. Turgeon’s retirement on April 1, 2024, Mr. John Romano, currently the Company’s Co-CEO, will become the Company’s sole CEO.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jean-Francois Turgeon departed as Co-Chief Executive Officer at Tronox Holdings plc.
- Action
- retire
- Role
- Co-Chief Executive Officer
Exact text from the filing
Jean-Francois Turgeon, the Company’s Co-Chief Executive Officer, will retire from the Company effective on April 1, 2024.
View on SEC.gov
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