earnings
confidence high
sentiment negative
materiality 0.70
Tronox Q1 revenue up 3% to $760M but net loss $103M; Adj EBITDA down 45% to $62M
Tronox Holdings plc
2026-Q1 EPS reported
-$0.65
revenue$760,000,000
- Revenue $760M (+3% YoY); GAAP diluted EPS -$0.65; adjusted diluted EPS -$0.55.
- Adjusted EBITDA $62M (8.2% margin), down 45% YoY on lower prices and higher costs.
- Free cash flow -$135M; capex $67M; upsized AR securitization by $25M, another $20M in May.
- Q2 outlook: Adj EBITDA $65-85M; expect positive free cash flow; TiO2 volumes up high-single-digit% sequentially; pricing up mid-single-digit%.
- Restructuring charges $15M after-tax from Botlek and Fuzhou plant closures.