Venator Materials PLC (VNTR) Misses Q2 EPS by 2c, Revenues Miss

Venator Materials PLC (NYSE: VNTR) reported Q2 EPS of $0.85, $0.02 worse than the analyst estimate of $0.87. Revenue for the quarter came in at $626 million versus the consensus estimate of $662.65 million.

"Our second quarter results highlight continued titanium dioxide pricing momentum and further benefit from our $90 million Business Improvement Program translating into solid free cash flow generation.

"Although we expect the pricing environment in the second half of 2018 to reflect regional dynamics and historical seasonal patterns, long-term fundamentals for the titanium dioxide industry remain favorable and continue to support an elongated cycle. We are well positioned to capitalize on the positive trends supporting industry profitability.

We have positioned Venator such that we may have the opportunity to acquire the high quality Ashtabula, Ohio TiO2 complex. These assets would dramatically increase our North American TiO2 presence, expand our product offering and enhance our overall global competitiveness. Additionally, we are reviewing the full rebuild of our Pori, Finland, complex and expect to provide more clarity in the coming weeks as further information becomes available."

For earnings history and earnings-related data on Venator Materials PLC (VNTR) click here.

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