Tronox(US:TROX) Globenewswire·2025-10-17 21:18Core Viewpoint - A class action lawsuit has been filed against Tronox Holdings PLC, alleging that the company misrepresented its business prospects and failed to disclose critical information regarding its revenue outlook and growth potential [1][3]. Company Overview - Tronox Holdings PLC operates titanium-bearing mineral sand mines and processes them to produce titanium dioxide (TiO2) products [1]. Allegations - The complaint claims that during the class period, Tronox created a false impression of having reliable information about its projected revenue and growth while downplaying risks associated with seasonality and macroeconomic fluctuations [3]. - The company allegedly set unrealistic margin growth goals and demand reassurances for its TiO2 and zircon sales, which did not align with actual market conditions [3]. Financial Impact - On July 30, 2025, Tronox announced a significant reduction in TiO2 sales for the second quarter, attributing the decline to a "softer than anticipated coatings season and heightened competitive dynamics" [4]. - Following this announcement, Tronox revised its 2025 financial outlook, lowering its full-year revenue guidance and cutting its dividend by 60% [4]. - The stock price plummeted from $5.14 per share on July 30, 2025, to $3.19 per share on July 31, 2025, marking a decline of approximately 38% [4].