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Tronox Announces Dates for Third Quarter 2025 Earnings Release & Webcast Conference Call
Prnewswire· 2025-10-08 20:05
Webcast Conference Call: Thursday, November 6, 2025, at 9:00 AM ET (New York). The live call is open to the public and can be accessed via live webcast and teleconference. Please visit investor.tronox.com for a link to register for the live webcast and to view the accompanying slides. , /PRNewswire/ -- Tronox Holdings plc (NYSE: TROX) announced today the following schedule for its third quarter 2025 earnings release and webcast conference call: Earnings Release: Wednesday, November 5, 2025, after market c ...
Tronox Announces Proposed Offering of Senior Secured Notes
Prnewswire· 2025-09-15 12:00
Core Viewpoint - Tronox Holdings plc intends to offer senior secured notes due 2030 to qualified institutional buyers and certain offshore investors, with proceeds aimed at repaying existing borrowings and covering offering expenses [1][2]. Group 1: Company Overview - Tronox Holdings plc is a leading producer of high-quality titanium products, including titanium dioxide pigment and specialty-grade titanium dioxide products, with operations spanning six continents and approximately 6,500 employees [4]. Group 2: Financial Strategy - The net proceeds from the notes offering will be used primarily to repay existing borrowings under revolving credit facilities, with any excess allocated for general corporate purposes [1]. - The offering is subject to market conditions and customary closing conditions [1]. Group 3: Regulatory Information - The notes and related guarantees will not be registered under the Securities Act, and their sale in the U.S. will be limited to exemptions from registration requirements [2]. - This announcement does not constitute an offer to sell or a solicitation to buy any securities [3].
NL Industries (NL) Q2 EPS Drops 94%
The Motley Fool· 2025-08-07 04:08
Core Insights - NL Industries reported a significant decline in GAAP net profit for Q2 2025, primarily due to challenges in the Kronos Worldwide chemical segment, despite growth in the CompX components business [1][2][3] Financial Performance - GAAP earnings per share (EPS) for Q2 2025 were $0.01, missing analyst estimates of $0.19 and down from $0.16 in Q2 2024, representing a 93.8% year-over-year decline [2][1] - Net income attributable to NL stockholders fell to $0.3 million from $7.9 million in Q2 2024, marking a 96.2% decrease [2][1] - Income from operations increased to $2.8 million from $0.8 million in Q2 2024, reflecting a 250% improvement [2] - Kronos' net sales decreased by 1% year-over-year, totaling $494.4 million in Q2 2025, driven by lower TiO2 selling prices and reduced export sales volumes [5][2] Segment Analysis - Kronos Worldwide, the primary value driver for NL Industries, experienced a significant operational downturn, with an equity loss of $2.8 million compared to a profit of $6.0 million in Q2 2024 [7][1] - CompX reported a strong performance with net sales rising 12.3% to $40.3 million, and segment profit increasing from $5.1 million to $6.3 million, driven by higher sales in government security and marine markets [9][1] Market Conditions - Demand for titanium dioxide (TiO2) has softened due to global uncertainties, including U.S. trade policies and geopolitical tensions, leading to cautious inventory management by customers [4][11] - Average TiO2 selling prices declined by 4% in the first half of 2025, with a 1% decrease noted in Q2 2025 compared to Q2 2024 [10][11] Operational Factors - Kronos operated at 81% capacity in Q2 2025, down from 99% in Q2 2024, resulting in $20 million of unabsorbed fixed costs due to reduced utilization rates [6][11] - CompX's growth was supported by strong demand in security products and marine hardware, with improved gross margins across product lines [9][11] Strategic Outlook - NL Industries did not provide forward guidance for upcoming quarters, citing ongoing risks related to market conditions and raw material costs [13][14] - Investors are advised to monitor trends in TiO2 demand, pricing, and capacity utilization, as well as the integration of the Louisiana Pigment Company [14][13]
Tronox Reports Second Quarter 2025 Financial Results
Prnewswire· 2025-07-30 20:30
Financial Performance - Tronox reported second quarter 2025 revenue of $731 million, a decrease of 11% year-over-year, primarily due to lower TiO2 and zircon sales volumes and lower average selling prices of zircon [3][8] - TiO2 revenue was $587 million, down 10% year-over-year, driven by an 11% decline in volumes, slightly offset by a 1% favorable impact from exchange rates [9] - Zircon revenue decreased 20% to $68 million, attributed to a 10% decline in sales volumes and a 10% decrease in average selling prices [10] - The company recorded a net loss of $84 million, or a loss of $0.53 per diluted share, compared to net income of $16 million, or income of $0.10 per diluted share in the prior year [13][26] Operational Insights - The second quarter results were impacted by weaker demand across most end markets, leading to a softer coatings season and heightened competitive dynamics [4] - TiO2 volumes were lower by 2% sequentially and 11% year-over-year, reflecting weaker than usual seasonality across all regions [4] - Broader macroeconomic pressures, including elevated interest rates and tariff-related uncertainties, continued to affect consumer discretionary spending [4] Cost Management and Strategic Initiatives - The company is executing a disciplined strategy to manage through the downturn, aiming to optimize earnings and cash flow [5] - Tronox is targeting $125–$175 million in sustainable, run-rate savings by the end of 2026 through a cost improvement program [5] - Capital expenditures have been reduced to less than $330 million for the year to enhance balance sheet flexibility [11][19] Dividend and Shareholder Value - The Board of Directors declared a quarterly cash dividend of $0.05 per share, a reduction of 60%, to provide enhanced balance sheet flexibility [6][7] - The company plans to reevaluate its dividend strategy as the market recovers to ensure a competitive dividend yield [6] Future Outlook - Tronox revised its 2025 financial outlook, expecting revenue to be between $3.0 billion and $3.1 billion and Adjusted EBITDA to be between $410 million and $460 million [19] - The company anticipates free cash flow to be a use of $100-$170 million due to lower pigment and zircon sales [19]
Tronox Announces Dates for Second Quarter 2025 Earnings Release & Webcast Conference Call
Prnewswire· 2025-07-10 21:00
Core Viewpoint - Tronox Holdings plc is set to release its second quarter 2025 earnings on July 30, 2025, followed by a webcast conference call on July 31, 2025, at 10:00 AM ET [1]. Company Overview - Tronox Holdings plc is a leading global producer of high-quality titanium products, including titanium dioxide pigment and specialty-grade titanium dioxide products [3]. - The company operates in the mining of titanium-bearing mineral sands and has facilities that produce high-grade titanium feedstock materials, pig iron, and other minerals, including rare earth-bearing mineral monazite [3]. - With approximately 6,500 employees across six continents, Tronox boasts a diverse workforce and a strong vertical integration model, enhancing its operational and technical expertise [3].
Tronox Issues 2024 Sustainability Report
Prnewswire· 2025-06-12 12:30
Core Insights - Tronox Holdings plc has published its 2024 sustainability report, highlighting significant progress towards sustainability targets and reinforcing its commitment to responsible operations and investments in people and products [1][2]. Sustainability Achievements - The company reduced Scope 1 and 2 greenhouse gas (GHG) emissions intensity by 21% in 2024 compared to the 2019 baseline, primarily through increased use of renewable energy and process automation [4]. - Waste sent to external landfills decreased by 13% in 2024 from the 2019 baseline, achieved by producing less waste, recycling more materials, and exploring circular economy opportunities [4]. - Tronox achieved one of the lowest total recordable injury rates in decades, enhancing workplace safety for employees [4]. Community and Environmental Engagement - The company is engaging top-emitting suppliers to collaborate on reducing their GHG emissions as part of its Scope 3 emissions reduction strategy [4]. - Water management initiatives are being piloted at three locations to improve water consumption measurement and enhance stewardship [4]. - Tronox is leveraging rare earth concentrates from tailings to provide essential metals for the clean energy transition [4]. - The company is actively engaging with communities, executing key action items from its Reconciliation Action Plan in Australia, and has received approval for its next Social and Labor Plan in South Africa [4].
Tronox Announces Dates for First Quarter 2025 Earnings Release & Webcast Conference Call
Prnewswire· 2025-04-01 12:00
Company Overview - Tronox Holdings plc is a leading global producer of high-quality titanium products, including titanium dioxide pigment and specialty-grade titanium dioxide products [3] - The company also produces high-purity titanium chemicals and zircon, and operates facilities that mine titanium-bearing mineral sands [3] - Tronox employs approximately 6,500 individuals across six continents, showcasing its operational and technical expertise [3] Upcoming Earnings Release - Tronox is scheduled to release its first quarter 2025 earnings on April 30, 2025, after market close [1] - A webcast conference call will take place on May 1, 2025, at 8:00 AM ET, which is open to the public [1] - Investors can access the live call via webcast and teleconference, with registration available on the company's investor relations website [1][2]