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Tronox Holdings plc (NYSE: TROX) is a global leader in the mining, production, and marketing of inorganic minerals and chemicals. The company's core business revolves around two vertically integrated divisions: Titanium Dioxide (TiO2) and Alkali Chemicals. The TiO2 division is dedicated to mining and processing titanium ore, zircon, and other minerals, and manufacturing TiO2 pigments. These pigments provide brightness and durability to paints, plastics, paper, and various everyday products. Tronox operates mines and mineral processing plants in South Africa and Australia, along with pigment manufacturing facilities in the USA, the Netherlands, and Australia.
Tronox Alkali is the world's largest producer of natural soda ash, supplying a secure and diverse range of high-quality products. This division processes trona ore to manufacture soda ash, essential in glass production, detergents, chemical manufacturing, pulp and paper production, and water treatment. The company also produces sodium bicarbonate and other chemicals.
Tronox boasts a vertically integrated model, ensuring a reliable supply chain from raw materials to finished products. The company operates titanium-bearing mineral sand mines and beneficiation and smelting operations in Australia and South Africa, which produce feedstock materials that can be processed into TiO2 pigment, high-purity titanium chemicals, including titanium tetrachloride, and ultrafine TiO2 used in specialty applications.
With pigment production facilities in the United States, the Netherlands, and Western Australia, and mining operations in Western Australia and South Africa, Tronox serves customers across North America, the Asia-Pacific, and Europe, the Middle East, and Africa. The company's extensive operations and global footprint enable it to meet the demands of various regions effectively.
Recently, Tronox announced its fourth quarter 2023 earnings, revealing substantial growth and a strong financial position. The company generated $686 million in revenue for the quarter, marking a 6% increase from the previous year. Despite some operational challenges, Tronox has maintained its commitment to innovation and sustainability. The company is nearing the conversion of 40% of its power in South Africa to solar energy, significantly reducing its global carbon emissions.
Tronox's financial stability is evident with $2.8 billion in total debt and available liquidity of $761 million as of December 31, 2023. The company continues to focus on its operational efficiency, cost management, and strategic initiatives to drive long-term growth and profitability.
For more information about how Tronox's products add brightness and durability to various applications, visit tronox.com.
Tronox reported Q4 2022 results with revenue of $649 million, down 27% year-over-year, primarily due to lower sales volumes in the titanium dioxide (TiO2) and zircon segments. The company posted a net loss of $14 million and an Adjusted EBITDA of $113 million, a 52% decline from the previous year. Despite the challenges, free cash flow reached $126 million, exceeding expectations due to improved cash management. For Q1 2023, Tronox anticipates Adjusted EBITDA between $120 million and $130 million, reflecting ongoing supply chain issues and prior operational challenges. Full-year revenue was $3,454 million with net income of $500 million.
Tronox Holdings plc (NYSE: TROX) has announced its schedule for the fourth quarter 2022 earnings release and webcast conference call. The earnings release is set for February 15, 2023, after market close, accessible via PR Newswire and the company's website. A live conference call will follow on February 16, 2023, at 8:00 a.m. ET. Interested parties can join via internet or telephone, with details provided for dial-in access. The replay of the call will be available from February 16 until February 21, 2023. Tronox is a leading producer of titanium products, emphasizing its global operational reach and vertical integration.
Tronox Holdings plc (NYSE: TROX) announced the retirement of CFO Tim Carlson effective April 1, 2023, with John Srivisal succeeding him. Carlson joined Tronox in October 2016 and played a crucial role in the company's transformation and financial strength. Srivisal, who has been with the company since March 2018, has extensive finance experience, including previous leadership in business development and financial planning. The transition aims to maintain the company’s robust financial strategy and shareholder value in a competitive market.
Tronox Holdings plc (NYSE: TROX) has declared a quarterly dividend of $0.125 per share, set to be paid on December 16, 2022. Shareholders of record as of November 14, 2022 will be eligible to receive this dividend. This announcement underscores the company's commitment to returning value to its shareholders. Tronox is a leading manufacturer of titanium dioxide pigment and operates across various continents, employing approximately 6,500 people.
Tronox Holdings (TROX) reported Q3 2022 revenue of $895 million, a 3% year-over-year increase, driven by higher prices of titanium dioxide (TiO2), zircon, and pig iron. Net income rose 9% to $123 million, with GAAP diluted EPS of $0.77. Adjusted EBITDA was $247 million with a margin of 27.6%. Despite challenges, Tronox expects Q4 adjusted EBITDA of $140-$170 million due to anticipated 25-30% decline in TiO2 volumes from customer destocking. Full-year free cash flow is projected to exceed $150 million.
Tronox Holdings plc (NYSE: TROX) will release its third-quarter 2022 earnings on October 26, 2022, after market close. The results will be available via PR Newswire and the company website. A webcast conference call is scheduled for October 27, 2022, at 8:00 a.m. ET, and will be accessible to the public. Conference call presentation slides will also be provided. The replay of the call will be available from October 27 until November 1, 2022. Tronox specializes in high-quality titanium products, enhancing paints, plastics, and paper.
Tronox Holdings plc (NYSE:TROX) has revised its third quarter 2022 outlook, expecting Adjusted EBITDA to be between $240 and $255 million, down from the prior range of $275 to $295 million. This adjustment is attributed to lower-than-expected TiO2 sales volumes and rising energy costs in Europe. While demand remains stable in North and Latin America, macroeconomic conditions have softened demand in Europe, the Middle East, Africa, and Asia Pacific. Tronox continues to focus on cost management and operational efficiency amidst these challenges.
Tronox Holdings plc (NYSE: TROX) declared a quarterly dividend of $0.125 per share, set to be paid on September 16, 2022. Shareholders must be on record by the close of business on August 15, 2022. As a leading integrated manufacturer of titanium dioxide pigment, Tronox operates across six continents with about 6,500 employees. The company emphasizes its rich diversity and vertical integration model, strengthening its position in the titanium dioxide market.
Tronox Holdings reported its Q2 2022 results, achieving a revenue of $945 million, a 2% increase year-over-year, driven by a 4% rise in TiO2 revenues. Net income soared to $375 million, attributed to a $262 million tax benefit. The company also recorded an Adjusted EBITDA of $275 million with a margin of 29.1%, marking a 350 basis points improvement. Cash returned to shareholders reached $91 million year-to-date. Looking ahead, Q3 2022 Adjusted EBITDA is expected between $275 million and $295 million.
Tronox Holdings plc (NYSE: TROX) announced its second quarter 2022 earnings release on July 27, 2022, after market close. The company will hold a webcast conference call on July 28, 2022, at 8:00 a.m. ET. Investors can access the call via internet and telephone. Replay options will be available from July 28, 2022, to August 2, 2022. Tronox is a leading producer of high-quality titanium products, employing approximately 6,500 staff globally. For more details, visit their website at tronox.com.
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