Tronox posts Q4 net loss of $56M; guides Q1 Adj. EBITDA $100-120M on volume recovery

Tronox Holdings plc

2023-FY EPS reported -$2.02 revenue$2,850,000,000

Q4 2023 revenue $686M; net loss $56M; GAAP diluted loss $0.36; Adj. EBITDA $94M (13.7% margin).
FY 2023 revenue $2.85B, net loss $316M (incl. $293M tax valuation allowance); Adj. EBITDA $524M (18.4% margin).
Q4 free cash flow $51M; full-year capex $261M; returned $89M in dividends.
Q1 2024 guidance: Adj. EBITDA $100-120M; TiO2 volumes +12-16% QoQ; zircon volumes +15-30% QoQ; pricing flat.
Adjusted diluted loss per share: Q4 $0.38; FY 2023 $0.15.

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 updated its Q1 2024 guidance (initiated).

Period: Q1 2024
Guidance: initiated
Result: guidance update

Exact text from the filing

Q1 2024 Adjusted EBITDA expected to be $100-120 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Tronox Holdings plc reported full year 2023 results: revenue $2,850 million, net income Net loss attributable to Tronox of $316 million; Adjusted net loss of $24 million, EPS GAAP diluted loss per share of $2.02; Adjusted diluted loss per share of $0.15.

Period: full year 2023
Revenue: $2,850 million
Net income: Net loss attributable to Tronox of $316 million; Adjusted net loss of $24 million
EPS: GAAP diluted loss per share of $2.02; Adjusted diluted loss per share of $0.15
Result: reported results

Exact text from the filing

loss per share of $0.36; Adjusted diluted loss per share of $0.38 (non-GAAP) • Free cash flow of $51 million (non-GAAP) Full Year 2023 Financial Highlights : • Total revenue of $2,850 million • Income from operations of $186 million; Net loss attributable to Tronox of $316 million; Adjusted net loss of $24 million (primarily excludes $293 million tax valuation

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Tronox Holdings plc reported fourth quarter ended December 31, 2023 results: revenue $686 million, net income Net loss attributable to Tronox of $56 million, EPS GAAP diluted loss per share of $0.36.

Period: fourth quarter ended December 31, 2023
Revenue: $686 million
Net income: Net loss attributable to Tronox of $56 million
EPS: GAAP diluted loss per share of $0.36
Result: reported results

Exact text from the filing

manufacturer of titanium dioxide pigment, today reported its financial results for the quarter ending December 31, 2023: Fourth Quarter 2023 Financial Highlights : • Revenue of $686 million • Income from operations of $8 million; Net loss attributable to Tronox of $56 million • Adjusted EBITDA of $94 million; Adjusted EBITDA margin of 13.7% (non-GAAP) • GAAP diluted

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Source: SEC EDGAR

accession 0001140361-24-008274

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