Overview
Titanium dioxide pigment maker's Q4 revenue grew 8% yr/yr
Reported adjusted loss per share for Q4 of $0.60
Company expects positive free cash flow in 2026 due to improved pricing
Outlook
Tronox expects Q1 2026 Adjusted EBITDA of $55-$65 mln
Company anticipates positive free cash flow in 2026
TiO2 pricing expected to improve in Q1 2026
Result Drivers
HIGHER SALES VOLUMES - Revenue increased by 8% due to higher TiO2 and zircon sales volumes, despite lower average selling prices
RESTRUCTURING CHARGES - Closure of Botlek and Fuzhou plants led to $80 mln in restructuring charges, impacting net loss
COST IMPROVEMENT - Achieved $90 mln in sustainable run-rate savings from cost improvement program by end of 2025
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Adjusted EPS | Miss | -$0.60 | -$0.47 (9 Analysts) |
Q4 Adjusted EBITDA Margin | 7.80% | ||
Q4 Income From Operations | -$114 mln |
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 $6.75, about 11.2% below its February 17 closing price of $7.60
Press Release: ID:nPn6Yshgya
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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.)