Tronox reports second quarter 2024 financial results

Delivered results within previously guided ranges stamford, conn. , aug. 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 june 30, 2024, as follows: second quarter 2024 financial highlights: produced revenue of $820 million, a 6% increase compared to the prior quarter, or a 3% increase compared to the prior year generated income from operations of $76 million, and net income of $10 million; adjusted net income was $12 million (non-gaap) gaap diluted earnings per share of $0.10; adjusted diluted earnings per share was $0.07 (non-gaap) delivered adjusted ebitda of $161 million, within previously issued guidance of $160-180 million, and an adjusted ebitda margin of 19.6% (non-gaap) invested $76 million in capital expenditures in the quarter generated $84 million in free cash flow in the quarter (non-gaap) q3 2024 outlook: tio2 volumes expected to decline approximately 2-4% compared to q2 2024 (an increase in the high-teens range compared to q3 2023) zircon volumes expected to be relatively flat compared to q2 2024 (an increase of ~160% compared to q3 2023) adjusted ebitda expected to be $145-165 million and adjusted ebitda margin to be in the high-teens   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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