Tronox reports third quarter 2021 financial results

Stamford, conn., oct. 27, 2021 /prnewswire/ -- tronox holdings plc (nyse:trox) ("tronox" or the "company"), the world's leading integrated manufacturer of titanium dioxide pigment, today reported its financial results for the quarter ending september 30, 2021: third quarter 2021 financial highlights: revenue of $870 million, an increase of 29% year over year, driven by higher tio2, zircon and pig iron average selling prices and higher tio2 and zircon volumes income from operations of $168 million and net income of $113 million gaap diluted eps of $0.70 and adjusted diluted eps of $0.72 (non-gaap) adjusted ebitda of $252 million, in line with guidance, and an adjusted ebitda margin of 29% (non-gaap) record $191 million in free cash flow after $65 million in capital expenditures reduced total debt to $2.7 billion, resulting in a net leverage ratio of 2.6x, within the communicated long-term targeted range of 2.0x-3.0x and ahead of the 2023 timeframe q4 2021 summary outlook: tio2 sales volumes expected to be flat to down mid-single digits sequentially adjusted ebitda expected to be $230-$245 million ----- note: for the company's guidance with respect to fourth quarter 2021 adjusted ebitda, we are not able to provide without unreasonable effort the mdost directly comparable gaap financial measure, or reconciliation to such gaap financial measure, because certain items that impact such measures are uncertain, out of the company's control or cannot be reasonably predicted.
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