Tronox reports third quarter 2024 financial results

Stamford, conn., oct. 24, 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 september 30, 2024, as follows: third quarter 2024 financial highlights: produced revenue of $804 million, a 21% increase compared to the prior year, or a 2% decrease compared to the prior quarter generated income from operations of $54 million, and a net loss of $25 million; adjusted net loss was $21 million (non-gaap) gaap diluted loss per share was $0.16; adjusted diluted loss per share was $0.13 (non-gaap) delivered adjusted ebitda of $143 million and an adjusted ebitda margin of 17.8% (non-gaap) invested $101 million in capital expenditures in the quarter, primarily in the previously announced mining extension projects in south africa returned $61 million to shareholders in the nine months ending september 30, 2024 in the form of dividends  q4 2024 outlook: tio2 volumes expected to decline approximately 10-15% compared to q3 2024 (flat to mid single-digit increase compared to q4 2023)  zircon volumes expected to be flat to slightly down compared to q3 2024 (double-digit increase compared to q4 2023) adjusted ebitda expected to be $120-135 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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