earnings
confidence high
sentiment negative
materiality 0.80
Tronox Q3 net loss $99M, revenue down 13%; Adj EBITDA falls 48% to $74M
Tronox Holdings plc
2025-Q3 EPS reported
-$1.85
revenue$2,168,000,000
- Revenue $699M (-13% YoY), net loss $99M ($0.63 loss per share); adjusted EPS loss $0.46.
- Adj EBITDA $74M (10.6% margin), down 48% from $143M YoY; free cash flow use of $137M.
- Q4 guidance expects sequential revenue/Adj EBITDA flat, positive free cash flow; TiO2 volumes up 3-5%, zircon up 15-20%.
- Cost actions: idling Fuzhou plant, reduced Stallingborough rates, Namakwa furnace idled; expects $25-30M cash benefit in Q4.
- Strengthened balance sheet with $400M senior secured note offering; net leverage 7.5x; liquidity $664M.