earnings
confidence high
sentiment negative
materiality 0.80
Tronox Q3 revenue $804M (+21% YoY) but net loss $25M; Q4 EBITDA guidance $120-135M below consensus
Tronox Holdings plc
2024-Q3 EPS reported
-$0.11
revenue$2,398,000,000
- Revenue $804M vs $662M prior year; net loss $25M ($0.16 GAAP diluted loss); adjusted EPS loss $0.13.
- Adjusted EBITDA $143M (17.8% margin) vs guided $145-165M; Q4 2024 Adj EBITDA expected $120-135M.
- TiO2 volumes down 7% QoQ; Q4 volumes expected to decline 10-15% sequentially due to softer demand.
- Refinanced term loan due 2029 with new 7-year term loan due 2031; next significant maturity 2029.
- Capital expenditures $101M, primarily for South Africa mining extension projects; free cash flow negative $14M.