Tronox Reports Fourth Quarter and Full Year 2020 Financial Results
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Tronox (TROX) Misses Q4 EPS by 1c, Revenues Beat
February 17, 2021 4:20 PM ESTTronox (NYSE: TROX) reported Q4 EPS of $0.19, $0.01 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $783 million versus the consensus estimate of $758.24 million.
Fourth Quarter 2020 Highlights:
Revenue of $783 millionIncome from operations of $94 million; Net income from continuing operations of $57 millionAdjusted EBITDA of $204 million; Adjusted EBITDA margin of 26 percent (Non-GAAP)GAAP diluted EPS of $0.31; Adjusted diluted EPS of $0.19 (Non-GAAP)TiO2 selling prices remained level, benefiting from margin stability initiatives, and sales volumes increased 8 percent versus fourth quarter 2019 driven by improved market demand globallyZircon volumes... More