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.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

John Romano

Sole Chief Executive Officer

TROX · Tronox Holdings plc

Effective: 2024-04-01
Filed: October 26, 2023, 7:59 PM ET

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.

Departed

Jean-Francois Turgeon

Co-Chief Executive Officer

TROX · Tronox Holdings plc

Effective: 2024-04-01
Successor: John Romano
Filed: October 26, 2023, 7:59 PM ET

Jean-Francois Turgeon, the Company’s Co-Chief Executive Officer, will retire from the Company effective on April 1, 2024.

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

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

Tronox Holdings plc filing history →

Source: SEC EDGAR

accession 0001140361-23-049587

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