earnings
confidence high
sentiment negative
materiality 0.75
Tronox posts $111M net loss in Q1, revenue down 5% to $738M; FY guide unchanged
Tronox Holdings plc
2025-Q1 EPS reported
-$0.70
revenue$738,000,000
- GAAP diluted loss per share $0.70; adjusted loss $0.15; includes $87M restructuring from Botlek plant idling.
- Revenue $738M (-5% YoY); TiO2 revenue $584M (-3%), zircon $69M (-22%), other products $85M (+5%).
- Adjusted EBITDA $112M (15.2% margin), down 15% YoY and 13% sequentially on higher costs and lower pricing.
- Free cash flow negative $142M; net debt $2.8B, net leverage 5.2x; capex $110M in quarter.
- Maintains FY2025 outlook: rev $3.0-3.4B, adj. EBITDA $525-625M; capex cut to <$365M; $125-175M cost savings by end-2026.