Tronox Reports Second Quarter 2016 Financial Results
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Tronox (TROX) Misses Q2 EPS by 12c
August 3, 2016 5:41 PM EDTTronox (NYSE: TROX) reported Q2 EPS of ($0.43), $0.12 worse than the analyst estimate of ($0.31). Revenue for the quarter came in at $537 million versus the consensus estimate of $531.5 million.
Tom Casey, chairman and CEO of Tronox, said: "Our TiO2 business generated considerable momentum in the second quarter, reporting adjusted EBITDA of $59 million, which represents a 168 percent improvement over our first quarter result. We benefited from pigment selling price increases, healthy demand growth and our continued strong operating cost performance. Pigment selling prices increased sequentially... More
