Tronox(US:TROX) Prnewswireยท2025-10-30 12:45Core Viewpoint - Tronox Holdings plc (NYSE: TROX) is facing a class action lawsuit due to allegations of providing misleading statements about its financial health and sales forecasts, leading to a significant drop in stock price following disappointing financial results [1]. Summary by Sections Allegations - The complaint alleges that Tronox's management made overly positive statements while concealing material adverse facts about the company's ability to forecast demand for its products, particularly in the pigment and zircon markets [1]. - Despite ambitious long-term projections, the company's forecasting processes failed, resulting in declining sales and increased costs, which ultimately derailed revenue projections [1]. Financial Results - On July 30, 2025, Tronox reported a significant reduction in TiO2 sales for the second quarter of fiscal 2025, attributing the decline to a "softer than anticipated coatings season and heightened competitive dynamics" [1]. - Following the announcement, Tronox revised its full-year revenue guidance downward and reduced its dividend by 60% [1]. - 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% in just one day [1]. Class Action Details - Shareholders who purchased shares during the class period from February 12, 2025, to July 30, 2025, are encouraged to register for the class action lawsuit [2]. - The deadline for shareholders to seek lead plaintiff status is November 3, 2025, and there is no cost or obligation to participate [2].