Tronox reports first quarter 2024 financial results

Performance exceeded expectations as demand trajectory outpaced normal seasonal levels against a backdrop of improving production costs stamford, conn. , may 1, 2024 /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, 2024, as follows: first quarter 2024 financial highlights: produced revenue of $774 million, a 13% increase compared to the prior quarter, or a 9% increase compared to the prior year generated income from operations of $41 million, and a net loss of $9 million; adjusted net loss was $7 million (non-gaap) gaap diluted loss per share of $0.06; adjusted diluted loss per share was $0.05 (non-gaap) delivered adjusted ebitda of $131 million, exceeding previously issued guidance of $100-120 million, and an adjusted ebitda margin of 16.9%, slightly above the guided range (non-gaap) invested $76 million in capital expenditures in the quarter  second quarter 2024 outlook: tio2 volumes expected to increase 7-10% compared to q1 2024 zircon volumes expected to be relatively flat compared to q1 2024 adjusted ebitda expected to be $160-180 million and adjusted ebitda margin to be in the range of 20% this outlook is based on tronox's views on current global economic activity and is subject to changes and impacts associated with the macroeconomic conditions, global supply chain, and inflation-related challenges, among others.
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