Venator Materials PLC (VNTR) Reports Smaller Q4 Loss, Revenues Miss; Strategic Review Underway
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Venator Announces Fourth Quarter and Full-Year 2022 Results, Strategic Review Underway Against Challenging Macroeconomic Backdrop
February 21, 2023 6:00 AM ESTWYNYARD, UK, Feb. 21, 2023 /PRNewswire/ --Â
Fourth Quarter 2022 and Other Highlights
The macro-economic environment deteriorated sharply in the second half of 2022 leading to significantly lower product demand and higher raw material and energy costs, with TiO2 sales volumes (44)% lower compared to the fourth quarter 2021 and (28)% lower compared to the prior periodNet loss attributable to Venator of $(228) million compared to net income of $14 million in the prior year periodAdjusted EBITDA of $(57) million compared to $40 million in the prior... More