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Venator Materials reported its Q1 2021 financial results, highlighting a net loss of $21 million compared to a net income of $7 million in Q1 2020. Revenue was $553 million, marking a 4% increase from the previous year. Adjusted EBITDA decreased to $49 million from $57 million. Free cash flow was negative at $30 million. The company completed an agreement to sell its Water Treatment business for approximately $6 million, aiming to focus on core operations. Despite challenges, demand for TiO2 remained strong with a 3% increase in average selling prices.
Venator Materials PLC (NYSE: VNTR) will hold a conference call on May 6, 2021, at 08:00 a.m. ET to discuss its Q1 2021 financial results. The results will be available before the market opens that day. U.S. participants can call 1-833-366-1118, while international participants can dial 1-412-902-6770. Callers can pre-register for the call to gain immediate access. A live webcast will be available on Venator's website. The call replay will be accessible from May 6 to May 13, 2021.
Venator Materials reported its Q4 2020 results, showing a net loss of $58 million, reduced from $174 million YoY. Adjusted EBITDA increased to $25 million from $23 million. Full-year losses were $112 million against $175 million in 2019. Revenue for Q4 was $476 million, slightly up from $464 million in Q4 2019. The company achieved $57 million in EBITDA improvements during 2020, and free cash flow was $13 million. The Performance Additives segment grew revenues by 16% compared to the previous year.
Venator Materials PLC (NYSE: VNTR) announced the appointment of Vir Lakshman to its Board of Directors, effective February 11, 2021. Mr. Lakshman brings over 20 years of experience from KPMG in Germany, where he was Head of Chemicals and Life Sciences and a Deal Advisory Partner. His previous roles include senior positions at GE Capital and Coopers and Lybrand. He will serve as Chair of the Audit Committee. This leadership change is expected to strengthen the board with Mr. Lakshman’s financial expertise and industry insights.
Venator Materials PLC (NYSE: VNTR) will conduct a conference call on February 24, 2021, at 10:00 a.m. ET, to discuss its fourth quarter and full year 2020 financial results. The results will be publicly released before the market opens on the same day. Interested participants can call in via U.S. number 1-833-366-1118 or international number 1-412-902-6770, with no passcode required. A replay will be available from February 24 to March 3, 2021. Venator operates globally, offering a range of pigments and additives across various industries.
Venator Materials PLC (NYSE: VNTR) has appointed three new members to its Board of Directors effective January 1, 2021: Barry B. Siadat, Aaron C. Davenport, and Heike van de Kerkhof. Dr. Siadat, who brings 37 years of industry experience, has been appointed as Chairman. Mr. Davenport is a managing director at SK Capital and will serve on the Nominating and Corporate Governance Committee. Ms. van de Kerkhof, with over 30 years in the field, joins as Chair of the Nominating and Corporate Governance Committee. The company continues to see board stability with the retention of existing directors.
Venator reported a net loss of $42 million for Q3 2020, widening from a $19 million loss in Q3 2019. Revenue decreased to $474 million, a drop of 10% year-over-year, impacted by a 11% decline in TiO2 sales volumes. Adjusted EBITDA fell to $17 million from $50 million last year. The company generated $24 million in free cash flow, up from a $5 million outflow in 2019. Venator plans a $55 million Business Improvement Program to enhance operational efficiency by 2022.
Venator Materials PLC (NYSE: VNTR) is set to hold a conference call to discuss its third quarter 2020 financial results on November 5, 2020, at 8:00 a.m. ET. The financial results will be publicly released prior to market opening on the same day via PR Newswire. Participants can pre-register for the call for a smoother experience. The call will also be available via live webcast on Venator's investor relations website. Replay details for the call will be available from November 5 to November 12, 2020.
Venator Materials PLC (NYSE: VNTR) announced the resumption of production at its Lake Charles, Louisiana titanium dioxide facility following Hurricane Laura. The minor physical damage caused by the hurricane led to temporary production cessation. Full operational status is expected by October 1, with a projected EBITDA impact of up to $10 million in Q3. Venator is also progressing with SK Capital's acquisition of Huntsman's stake, with approval from independent board members.
Venator Materials PLC (VNTR) reported a net loss of $19 million for Q2 2020, compared to a net income of $21 million in Q2 2019. Revenues fell to $456 million, a 21% decline year-over-year. Adjusted EBITDA decreased to $37 million from $61 million. TiO2 sales volumes dropped by 16% due to COVID-19, but average pricing remained stable. The company implemented cost-saving measures yielding $11 million in benefits. Venator increased its liquidity to $453 million, aided by a $225 million senior secured notes offering.
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