Overview
Tronox Q3 2025 revenue of $699 mln missed analyst expectations, down 13% yr/yr
Adjusted EPS for Q3 2025 missed consensus, reflecting ongoing market challenges
Adjusted EBITDA for Q3 2025 missed analyst expectations, impacted by lower sales volumes
Outlook
Company expects Q4 2025 revenue and Adjusted EBITDA to be flat compared to Q3 2025
Tronox anticipates TiO(2) volume growth of 3-5% and zircon volume growth of 15-20%
Company expects positive free cash flow in Q4 2025 and 2026
Result Drivers
WEAKER DEMAND - CEO John Romano cites weaker than expected demand and aggressive inventory liquidation by competitors as impacting Q3 results
COST IMPROVEMENT - Tronox's cost improvement program ahead of schedule, aiming for $60 mln savings by end of 2025
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $699 mln | $768.80 mln (8 Analysts) |
Q3 Adjusted EPS | Miss | -$0.46 | -$0.14 (9 Analysts) |
Q3 Net Income | -$99 mln | ||
Q3 Adjusted EBITDA | Miss | $74 mln | $93.40 mln (7 Analysts) |
Q3 Adjusted EBITDA Margin | 10.60% | ||
Q3 Income From Operations | -$43 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the specialty chemicals peer group is "buy."
Wall Street's median 12-month price target for Tronox Holdings PLC is $4.25, about 24.9% above its November 4 closing price of $3.19
Press Release: ID:nPnbXRJ6Fa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)