Tronox Q1 net loss $9M; rev $774M (+13% QoQ); adj EBITDA $131M beats guidance

Tronox Holdings plc

2024-Q1 EPS reported -$0.06 revenue$774,000,000

Revenue $774M, up 9% YoY and 13% QoQ; TiO2 volumes up 18% QoQ, zircon up 54% QoQ.
GAAP diluted loss $0.06; adjusted diluted loss $0.05; net loss $9M vs. net income $23M a year ago.
Adjusted EBITDA $131M (company guidance $100-120M), margin 16.9%.
Q2 2024 guidance: Adj EBITDA $160-180M, margin ~20%; TiO2 volumes expected +7-10% QoQ.
Free cash flow negative $105M on higher working capital; net debt $2.7B, leverage 5.2x.

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 Second Quarter 2024 guidance (initiated).

Period: Second Quarter 2024
Guidance: initiated
Result: guidance update

Exact text from the filing

Second Quarter 2024 Outlook: • TiO 2 volumes expected to increase 7-10% compared to Q1 2024 • Zircon volumes expected to be relatively flat compared to Q1 2024 • Adjusted EBITDA expected to be $160-180 million and Adjusted EBITDA margin to be in the range of 20%

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Tronox Holdings plc reported the first quarter ended March 31, 2024 results: revenue $774 million, net income net loss of $9 million, EPS GAAP diluted loss per share of $0.06.

Period: the first quarter ended March 31, 2024
Revenue: $774 million
Net income: net loss of $9 million
EPS: GAAP diluted loss per share of $0.06
Result: reported results

Exact text from the filing

Produced revenue of $774 million, a 13% increase compared to the prior quarter, or a 9% increase compared to the prior year • Generated income from operations of $41 million , and a net loss of $9 million ; adjusted net loss was $7 million (non-GAAP) • GAAP diluted loss per share of $0.06 ; Adjusted diluted loss per share was $0.05 (non-GAAP)

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Source: SEC EDGAR

accession 0001140361-24-023850

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