Tronox (TROX) Misses Q1 EPS by 10c, updates outlook

Tronox (NYSE: TROX) reported Q1 EPS of ($0.55), $0.10 worse than the analyst estimate of ($0.45). Revenue for the quarter came in at $760 million versus the consensus estimate of $751.38 million.

Updated Outlook:

Expect free cash flow to be positive in Q2 2026, largely offsetting Q1 cash use; Expect to deliver meaningful positive free cash flow for full year 2026
Expect Q2 2026 TiO2 volumes to increase sequentially in the high single-digit percentage range
Expect Q2 2026 zircon volume levels to moderate slightly compared to Q1
TiO2 and zircon Q2 2026 volumes could be higher, depending on regional inventory availability
TiO2 and zircon pricing both expected to improve sequentially in the mid-single-digit percentage range in Q2 2026 as a result of announced price increases and cost input-related surcharges
Q2 2026 Adjusted EBITDA expected to be $65-$85 million

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

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