Tronox (TROX) Misses Q3 EPS by 8c

Tronox (NYSE: TROX) reported Q3 EPS of $0.69, $0.08 worse than the analyst estimate of $0.77. Revenue for the quarter came in at $895 million versus the consensus estimate of $893.04 million.

GUIDANCE:

• Q4 2022 Adjusted EBITDA expected to be $140-$170 million, assuming TiO2 volumes decline 25-30% sequentially driven by customer destocking in the fourth quarter and one-time cost impacts due to reduced production as a result of lower customer demand
• Full year 2022 free cash flow expected to be greater than $150 million

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

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