Tronox Reports Second Quarter 2019 Financial Results
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Tronox (TROX) Tops Q2 EPS by 14c, Revenues Beat; FY19 EPS Guidance Below Consensus, FY19 Revenue Guidance Above Consensus
August 6, 2019 5:59 PM EDTTronox (NYSE: TROX) reported Q2 EPS of $0.26, $0.14 better than the analyst estimate of $0.12. Revenue for the quarter came in at $827 million versus the consensus estimate of $787.48 million.
Second Quarter 2019 Highlights
Reported Basis:
Revenue of $791 millionNet loss from continuing operations of ($55) million including purchase accounting and transaction-related closing costsAdjusted EBITDA of $195 million (Non-GAAP)GAAP diluted EPS from continuing operations of ($0.41)Adjusted diluted EPS of $0.26 (Non-GAAP)Pro Forma Basis versus First Quarter 2019
Revenue of $827 million up 15 percentTiO2 sales volumes up 17 percent and... More