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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 Holdings plc (NYSE: TROX) held its 2022 Investor Day on June 16, 2022, updating its financial outlook for 2022 and setting ambitious financial goals for 2025. The company increased the bottom-end of its 2022 adjusted EBITDA forecast to $1.075 billion to $1.125 billion and adjusted EPS to $3.15 to $3.59. For 2025, Tronox projects adjusted EBITDA of $1.3 billion to $1.5 billion and free cash flow of $750 million to $850 million, with a gross debt target of under $2 billion.
Tronox Holdings plc (NYSE: TROX) has announced a quarterly dividend of $0.125 per share, which will be payable on June 24, 2022. Shareholders must be on record by the close of business on May 23, 2022 to receive this payment. Tronox is a leading integrated manufacturer of titanium dioxide pigment and other titanium products, employing approximately 6,500 across six continents. Their robust vertical integration and operational expertise solidify their position as a key player in the market.
Tronox reported solid financial results for Q1 2022, achieving $965 million in revenue, an 8% increase year-over-year, primarily driven by TiO2 and pig iron sales. The company generated a net income of $16 million and an adjusted diluted EPS of $0.60, reflecting a 40% increase. Adjusted EBITDA reached $240 million, maintaining a margin of 24.9%. Despite challenges like cost inflation and supply chain disruptions, Tronox affirmed its 2022 adjusted EBITDA guidance of $1.025-$1.125 billion while adjusting free cash flow expectations to at least $265 million.
Tronox Holdings plc (NYSE: TROX) has scheduled its first-quarter 2022 earnings release for April 27, 2022, after market close, with a subsequent webcast conference call on April 28, 2022, at 8:00 a.m. ET. The earnings release will be accessible through PR Newswire and the company's website. Following the live call, a replay will be available from April 28 until May 5, 2022. Tronox is a leading producer of titanium products and operates globally with around 6,500 employees.
Tronox Holdings plc (NYSE:TROX) announced a decision from a judge in litigation against Venator Materials plc, mandating Tronox to pay a $75 million 'Break Fee' related to a 2018 Exclusivity Agreement. Tronox expressed disappointment in the ruling and is evaluating the possibility of an appeal. Despite this, the company claims the payment will not materially impact future operations, although it will adjust its 2022 free cash flow guidance, with further updates expected during the first quarter financial results report.
Tronox Holdings plc (NYSE:TROX) has successfully closed a $400 million incremental term loan under its existing credit agreement. The funds were utilized, along with existing cash, to fully redeem $500 million of its 6.5% Senior Secured Notes due 2025. This move facilitates Tronox in reaching its $2.5 billion gross debt target ahead of schedule, while simultaneously decreasing cash interest payments and extending debt maturities. The company plans to use surplus cash flow post capital expenditures and dividend payments for further debt reduction and share repurchases.
Tronox Holdings plc (NYSE: TROX) will host an Investor Day on June 16, 2022, in New York City, starting at 8:30 AM ET. The event will feature presentations from top executives, including co-CEOs John Romano and Jean-Francois Turgeon, and CFO Timothy Carlson. A live webcast will be accessible on the Company’s Investor Relations webpage, with a replay available for three months post-event. Tronox is a leading producer of titanium dioxide pigment and other titanium products, operating globally with around 6,500 employees.
Tronox Holdings plc (NYSE:TROX) has announced a significant 200 MW solar project with SOLA Group, expected to supply around 40% of its electricity needs in South Africa. The project aims to lower the company's global scope 1 & 2 emissions by approximately 13% from its 2019 baseline, aligning with its goal of achieving net zero GHG emissions by 2050. This initiative marks a key step in Tronox's sustainability strategy, supported by executive measures to reduce emissions further by 15% by the end of 2025.
Tronox Holdings plc (NYSE:TROX) has declared a quarterly dividend of $0.125 per share, payable on April 8, 2022, to shareholders on record by the close of business on March 7, 2022. The company is recognized as a leading manufacturer of titanium dioxide pigment and related products, employing around 6,500 personnel worldwide. With a focus on vertical integration and operational excellence, Tronox aims to enhance the quality and durability of a range of everyday products including paints and plastics.
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