Venator Materials PLC (VNTR) Misses Q3 EPS by 2c, Revenues Miss

Venator Materials PLC (NYSE: VNTR) reported Q3 EPS of $0.32, $0.02 worse than the analyst estimate of $0.34. Revenue for the quarter came in at $533 million versus the consensus estimate of $592.38 million.

Simon Turner, President and CEO of Venator, commented:

"Our third quarter results reflect softer than expected titanium dioxide demand, primarily as a result of customer destocking outside of the peak demand season and higher raw material and energy costs, partially offset by higher prices compared with the prior year.

"We expect titanium dioxide demand and high grade ore cost pressures to persist in the fourth quarter and in 2019, as disparities in regional pricing converge and demand trends stabilize. Looking ahead, titanium dioxide industry fundamentals remain sound and should support ongoing industry profitability, highlighted by positive operating free cash flow generation."

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

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