earnings
confidence high
sentiment neutral
materiality 0.70
Tronox Q2 revenue $820M, adj EBITDA $161M at low end; Q3 outlook tempered
Tronox Holdings plc
2024-Q2 EPS reported
$0.04
revenue$1,594,000,000
- Revenue $820M (+3% YoY); net income $10M; GAAP EPS $0.10, adjusted EPS $0.07.
- Adjusted EBITDA $161M (within $160-180M guidance); margin 19.6%; free cash flow $84M.
- TiO2 volumes +16% YoY but pricing -8%; Q3 volumes expected -2-4% QoQ.
- Q3 adj EBITDA guidance $145-165M; higher costs from Q2 ramp-up to pressure Q3 margins.