Tronox (TROX) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of $0.17. This compares to loss of $0.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -176.47%. A quarter ago, it was expected that this producer of titanium ore and titanium dioxide would post earnings of $0.23 per share when it actually produced earnings of $0.07, delivering a surprise of -69.57%.Over the last four quarters ...

STAMFORD, Conn., Oct. 24, 2024 /PRNewswire/ -- Tronox Holdings plc (NYSE:TROX) ("Tronox" or the "Company"), the world's leading integrated manufacturer of titanium dioxide ("TiO2") pigment, today reported its financial results for the quarter ending September 30, 2024, as follows:Third Quarter 2024 Financial Highlights: Produced revenue of $804 million, a 21% increase compared to the prior year, or a 2% decrease compared to the prior quarter Generated income from operations of $54 million, and a net loss of ...

STAMFORD, Conn., Oct. 2, 2024 /PRNewswire/ -- Tronox Holdings plc (NYSE: TROX) announced today the following schedule for its third quarter 2024 earnings release and webcast conference call: Earnings Release: Thursday, October 24, 2024, after the market close via PR Newswire and the Tronox Holdings plc website: tronox.com Webcast Conference Call: Friday, October 25, 2024, at 8:00 AM ET (New York). The live call is open to the public via internet broadcast and telephone. Internet Broadcast: investor.tronox.c ...

STAMFORD, Conn., Aug. 13, 2024 /PRNewswire/ -- Tronox Holdings plc (NYSE: TROX), the world's leading integrated manufacturer of titanium dioxide pigment, announced today that its Board of Directors declared a quarterly dividend of $0.125 per share. The dividend is payable on September 27, 2024 to shareholders of record at the close of business on August 26, 2024. About Tronox Tronox Holdings plc is one of the world's leading producers of high-quality titanium products, including titanium dioxide pigment, sp ...

Financial Data and Key Metrics Changes - Revenue for Q2 2024 was $820 million, a 3% increase year-over-year and a 6% increase sequentially, primarily driven by higher TiO2 volumes [7] - Adjusted EBITDA was $161 million, with an adjusted EBITDA margin of 19.6%, reflecting a 4% decline year-on-year but a 23% improvement sequentially [9][10] - Net income attributable to Tronox was $16 million, with an adjusted diluted earnings per share of $0.07 [7][8] Business Line Data and Key Metrics Changes - TiO2 volumes improved by 8% sequentially and 16% year-over-year, with TiO2 revenues increasing by 7% year-over-year despite an 8% decline in price and mix [3][8] - Zircon demand remained stable compared to Q1, with a slight decrease due to shipments rolling into Q3, and Zircon pricing increased by 1% sequentially [8][9] Market Data and Key Metrics Changes - The company noted a significant recovery in TiO2 and Zircon volumes, with year-to-date TiO2 volumes up approximately 17% and Zircon volumes up approximately 20% compared to the prior year [11][12] - The EU has implemented provisional duties on Chinese imports, which is expected to benefit Tronox in the medium to long term [11][12] Company Strategy and Development Direction - Tronox is focused on sustainability, aiming to reduce Scope 1 and 2 carbon emissions intensity by 50% by 2030 and achieve carbon neutrality by 2050 [5][6] - The company is investing $395 million in capital expenditures primarily in the mining side of the business in South Africa to sustain vertical integration [13][14] - Tronox is exploring opportunities in the rare earth space as part of its growth strategy [17] Management's Comments on Operating Environment and Future Outlook - Management indicated that the first half of 2024 has shown a reversal of trends from the previous two years, with expectations for continued recovery [11][12] - The company anticipates TiO2 volumes to decline by 2% to 4% in Q3 compared to Q2, but this still represents a significant increase compared to Q3 2023 [14][15] - Management expressed confidence in achieving lower costs and improved margins in Q4 due to higher utilization rates and lower cost inventory being sold [20][26] Other Important Information - Total available liquidity as of June 30 was $680 million, with $201 million in cash and cash equivalents [10][11] - The company returned $41 million to shareholders, including dividends for the first and second quarters [11] Q&A Session Summary Question: Cost impact of ramp-up issues - Management indicated that the cost impact from ramp-up issues is split evenly between Q2 and Q3, with approximately $15 million each quarter [18][19] Question: Working capital as a source of cash - Management expects working capital to be a slight tailwind for the full year, with inventory levels being built up to meet demand [21][22] Question: Earnings momentum in Q4 - Management clarified that the expected step up in earnings momentum in Q4 is due to lower costs and higher margins from selling lower cost inventory [25][26] Question: Customer behavior changes due to EU tariffs - Management noted significant changes in customer behavior in the EU following the implementation of provisional duties, with a drop in Chinese exports to the region [29][30] Question: Zircon shipment delays - Management confirmed that the shipment pushing to Q3 was a couple of thousand tons, not significant, and that recovery in Chinese demand is necessary for volume improvement [33][34] Question: Future CapEx expectations - Management expects CapEx to decrease in 2025 and 2026 from the elevated levels in 2024, with ongoing investments in mining projects [35][36] Question: Inventory levels and working capital - Management explained that while overall inventory levels are high, there is a need to build finished goods inventory to meet demand [40][41]

Tronox (TROX) came out with quarterly earnings of $0.07 per share, missing the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -69.57%. A quarter ago, it was expected that this producer of titanium ore and titanium dioxide would post earnings of $0.01 per share when it actually produced a loss of $0.05, delivering a surprise of -600%. Over the last ...

Delivered results within previously guided ranges STAMFORD, Conn., Aug. 1, 2024 /PRNewswire/ -- Tronox Holdings plc (NYSE:TROX) ("Tronox" or the "Company"), the world's leading integrated manufacturer of titanium dioxide ("TiO2") pigment, today reported its financial results for the quarter ending June 30, 2024, as follows: Second Quarter 2024 Financial Highlights: Produced revenue of $820 million, a 6% increase compared to the prior quarter, or a 3% increase compared to the prior year Generated income from ...

Reinforcing its carbon emission reduction targets, including reducing Scope 1 and 2 carbon emissions intensity by 50% by 2030 against a 2019 baseline and achieving carbon neutrality by 2050 and reducing Scope 3 carbon emissions by 9% by 2025 and 16% by 2030 against a 2021 baseline. The Company reduced its 2025 Scope 1 and 2 target to 25% (from 35%) to align with the latest anticipated timing of its second renewable project in South Africa, now expected to come online by 2027. Commissioning of a 200MW solar ...

Tronox Holdings plc (TROX) has entered into a long-term power purchase agreement with NOA Group ("NOA"), an integrated energy utility, for roughly 497GWh of total contracted energy. NOA's plants with capacity in excess of 200MW of renewable wind and solar power will serve Tronox's mines and smelters in the Republic of South Africa through fixed and flexible arrangements. The project is expected to be fully implemented by the end of 2027, reducing Tronox's total Scope 1 and 2 greenhouse gas emissions by an a ...

Tronox takes another significant step toward reducing its Scope 1 & 2 emissions with a ~200MW wind and solar power purchase agreement Today's announcement is another example of ongoing projects and investments being pursued by Tronox to meet its publicly announced goal to achieve net zero greenhouse gas emissions by 2050. This agreement is in addition to the 200MW solar power agreement announced in 2022 with SOLA Group ("SOLA"), which has been fully implemented as of April 2024 and is currently providing po ...