Tronox

TROX

Market cap $1.28B

TROX beats Q1 revenue estimates as higher TiO2 and zircon volumes offset pricing pressure, while the company sees stronger Q2 demand and cash flow.

Tronox Holdings plc (TROX) Q1 2026 Earnings Call Transcript

Although the revenue and EPS for Tronox (TROX) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Tronox (TROX) came out with a quarterly loss of $0.55 per share versus the Zacks Consensus Estimate of a loss of $0.49. This compares to a loss of $0.15 per share a year ago.

STAMFORD, Conn., May 6, 2026 /PRNewswire/ -- Tronox Holdings plc (NYSE:TROX) ("Tronox" or the "Company"), the world's leading integrated manufacturer of titanium dioxide ("TiO2") pigment, today reported its financial results for the quarter ending March 31, 2026, as follows: First Quarter 2026 Financial Highlights: Revenue of $760 million, a 4% increase compared to the prior quarter and a 3% increase compared to the prior year Loss from operations of $41 million; Net loss attributable to Tronox of $103 million including $15 million of restructuring and other charges, net of taxes, primarily associated with the closure of the Company's Botlek and Fuzhou pigment plants; Adjusted net loss attributable to Tronox was $88 million (non-GAAP) GAAP diluted loss per share was $0.65; Adjusted diluted loss per share was $0.55 (non-GAAP) Adjusted EBITDA of $62 million; Adjusted EBITDA margin of 8.2% (non-GAAP) Capital expenditures of $67 million in the quarter Updated Outlook: Expect free cash flow to be positive in Q2 2026, largely offsetting Q1 cash use; Expect to deliver meaningful positive free cash flow for full year 2026 Expect Q2 2026 TiO2 volumes to increase sequentially in the high single-digit percentage range Expect Q2 2026 zircon volume levels to moderate slightly compared to Q1 TiO2 and zircon Q2 2026 volumes could be higher, depending on regional inventory availability TiO2 and zircon pricing both expected to improve sequentially in the mid-single-digit percentage range in Q2 2026 as a result of announced price increases and cost input-related surcharges Q2 2026 Adjusted EBITDA expected to be $65-$85 million This outlook is based on Tronox's views on current global economic activity and is subject to changes and impacts associated with the general macroeconomic, geopolitical, and industry-related conditions, global supply chain, and inflation-related challenges, among others.

Tronox (TROX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

STAMFORD, Conn., April 28, 2026 /PRNewswire/ -- Tronox Holdings plc (NYSE:TROX), the world's leading integrated manufacturer of titanium dioxide pigment, announced today that its Board of Directors declared a quarterly dividend of $0.05 per share.

Tronox's China exit, pricing push and rare-earths option set the stage for 2026, but weak margins and uneven demand still cloud the recovery path.

TROX navigates a TiO2 downturn as volumes rebound late 2025 and cost cuts, pricing moves set up cash flow recovery into 2026.

TROX has surged 76.8% and trades at a discount, but weak margins, high debt and cautious EBITDA outlook keep the buy case far from clear.