Overview

• Titanium dioxide producer's preliminary Q4 revenue rose 8% yr/yr, beating analyst expectations

• Adjusted EBITDA for Q4 missed analyst estimates

• Company to close Fuzhou plant in China, citing weak demand and rising costs

Outlook

• Tronox expects TiO(2) prices to improve in Q1 2026 due to price increases

• Company anticipates positive free cash flow in 2026

• Tronox is assessing feasibility of rare earth processing facility in Australia

Result Drivers

• PLANT CLOSURE - Tronox announced closure of Fuzhou plant due to weak demand and rising costs, particularly for sulfur

• HIGHER VOLUMES - TiO2 and zircon volumes increased, with TiO2 volumes up 13% year-over-year, driven by higher volumes in India

• PRICING PRESSURE - TiO2 and zircon pricing declined, with TiO2 prices down 8% year-over-year and zircon prices down 23%

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the specialty chemicals peer group is "buy."

• Wall Street's median 12-month price target for Tronox Holdings PLC is $5.38, about 14.5% below its January 23 closing price of $6.29

Press Release: ID:nPn9yf2hFa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)