Tronox (TROX) Misses Q2 EPS by 11c; offers Q3 outlook

Tronox (NYSE: TROX) reported Q2 EPS of $0.07, $0.11 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $820 million versus the consensus estimate of $848.04 million.

OUTLOOK

Q3 2024 Outlook:

TiO2 volumes expected to decline approximately 2-4% compared to Q2 2024 (an increase in the high-teens range compared to Q3 2023)
Zircon volumes expected to be relatively flat compared to Q2 2024 (an increase of ~160% compared to Q3 2023)
Adjusted EBITDA expected to be $145-165 million and Adjusted EBITDA margin to be in the high-teens

For earnings history and earnings-related data on Tronox (TROX) click here.

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