Tronox Q4 Earnings Miss Expectations Amid Positive Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 14 hours ago
0mins
Should l Buy TROX?
Source: seekingalpha
- Earnings Performance: Tronox reported a Q4 non-GAAP EPS of -$0.60, missing expectations by $0.02, although revenue reached $730 million, reflecting an 8% year-over-year growth, indicating some resilience in the market.
- Future Outlook: The company expects to generate positive free cash flow by 2026, primarily driven by improving TiO2 pricing and volumes, reduced capital expenditures, and targeted working capital management, suggesting potential for future profitability.
- Volume Expectations: Q1 2026 TiO2 and zircon volumes are anticipated to align with the strong levels seen in Q4 2025, indicating stability in market demand for Tronox's products.
- Pricing Improvement Forecast: TiO2 pricing is expected to improve in Q1 2026, while zircon pricing is projected to enhance in Q2 2026, which will further drive revenue growth and enhance profitability for the company.
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Analyst Views on TROX
Wall Street analysts forecast TROX stock price to fall
8 Analyst Rating
4 Buy
3 Hold
1 Sell
Moderate Buy
Current: 7.600
Low
3.50
Averages
4.97
High
6.00
Current: 7.600
Low
3.50
Averages
4.97
High
6.00
About TROX
Tronox Holdings plc is a producer of titanium products, including titanium dioxide (TiO2) pigment, specialty-grade titanium dioxide products and high-purity titanium chemicals, and zircon. The Company is a vertically integrated manufacturer of TiO2 pigment. It mines titanium-bearing mineral sands and operates upgrading facilities that produce high-grade titanium feedstock materials, pig iron and other minerals, including the rare earth-bearing mineral, monazite. It operates titanium-bearing mineral sand mines and beneficiation and smelting operations in Australia and South Africa to produce feedstock materials that can be processed into TiO2 for pigment, high-purity titanium chemicals, including titanium tetrachloride, and ultrafine TiO2 used in certain specialty applications. The Company supplies and markets TiO2 under the brand names TIONA and CristalActiv. It has nine pigment facilities located in the United States, Australia, Brazil, and the United Kingdom, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Tronox Holdings Set to Announce Q4 Earnings
- Earnings Announcement Date: Tronox Holdings is set to release its Q4 earnings on February 18 after market close, with consensus EPS estimate at -$0.58 and revenue estimate at $729.86 million, reflecting an 8% year-over-year growth.
- Historical Performance Review: Over the past two years, Tronox has only beaten EPS estimates 13% of the time and revenue estimates 38% of the time, indicating significant volatility in its earnings performance.
- Forecast Revision Dynamics: In the last three months, EPS estimates have seen one upward revision and three downward revisions, while revenue estimates have experienced three upward revisions with no downward adjustments, suggesting mixed market sentiment regarding the company's future performance.
- Market Reaction: Tronox's stock rose after guiding for a revenue beat in Q4 and securing up to $600 million in potential financing for rare earth projects, indicating improved investor sentiment and confidence in its growth prospects.
See More
Tronox Q4 Earnings Miss Expectations Amid Positive Outlook
- Earnings Performance: Tronox reported a Q4 non-GAAP EPS of -$0.60, missing expectations by $0.02, although revenue reached $730 million, reflecting an 8% year-over-year growth, indicating some resilience in the market.
- Future Outlook: The company expects to generate positive free cash flow by 2026, primarily driven by improving TiO2 pricing and volumes, reduced capital expenditures, and targeted working capital management, suggesting potential for future profitability.
- Volume Expectations: Q1 2026 TiO2 and zircon volumes are anticipated to align with the strong levels seen in Q4 2025, indicating stability in market demand for Tronox's products.
- Pricing Improvement Forecast: TiO2 pricing is expected to improve in Q1 2026, while zircon pricing is projected to enhance in Q2 2026, which will further drive revenue growth and enhance profitability for the company.
See More
Tronox Reports $470 Million Net Loss in 2025 Financial Results
- Financial Overview: Tronox reported fourth-quarter revenue of $730 million for 2025, an 8% year-over-year increase driven by higher sales volumes of TiO2 and zircon, despite the negative impact of lower average selling prices.
- Net Loss Situation: The company recorded a net loss of $177 million in Q4 2025, translating to a loss of $1.11 per share, significantly worsening from a $30 million loss in the same quarter last year, reflecting challenges in the market environment and rising costs.
- Adjusted EBITDA Decline: Adjusted EBITDA stood at $57 million, a 56% decrease compared to the previous year, primarily due to falling prices and increased production costs, indicating pressure on the company's profitability.
- Future Outlook: Tronox expects TiO2 volumes to remain stable in Q1 2026, with anticipated price increases, and alongside ongoing cost improvement measures, the company aims to generate positive free cash flow in 2026, enhancing financial flexibility.
See More
Tronox Declares Quarterly Dividend of $0.05
- Quarterly Dividend Announcement: Tronox Holdings plc has declared a quarterly dividend of $0.05 per share, payable on April 2, 2026, to shareholders of record as of February 23, 2026, demonstrating the company's commitment to returning value to its shareholders.
- Company Overview: As a leading global producer of titanium products, Tronox specializes in high-quality titanium dioxide pigment and high-purity titanium chemicals, employing approximately 6,500 people worldwide, showcasing its robust operational capabilities.
- Vertical Integration Advantage: The company ensures a steady supply of high-grade titanium feedstock through its mining and upgrading facilities, enhancing its competitive edge in the market while providing diverse product offerings to customers.
- Market Impact: The dividend announcement not only reflects the company's strong financial health but may also attract more investor attention, thereby enhancing its image in the capital markets and increasing shareholder value.
See More
Tronox Q4 Revenues Beat Estimates, Plans to Close China Plant
- Revenue Beat: Tronox expects Q4 revenues of $730 million, reflecting an 8% year-over-year and 4% quarter-over-quarter increase, significantly surpassing the $688 million analyst consensus, indicating strong performance in TiO2 and other product segments.
- Net Loss Forecast: Despite revenue growth, Tronox anticipates a Q4 net loss of $176 million, with adjusted EBITDA of $57 million and free cash flow of $53 million, all of which exceed prior guidance, highlighting operational resilience.
- Plant Closure Plan: The company plans to permanently close its 46,000 metric tons/year TiO2 plant in Fuzhou, China, due to weak domestic demand and rising costs, impacting approximately 550 permanent staff, which reflects strategic adjustments to market conditions.
- Restructuring Cost Estimates: Tronox expects to incur $60 million to $80 million in restructuring and related charges primarily in Q4 2025, while estimating annual cost savings exceeding $15 million, demonstrating a commitment to operational efficiency.
See More
Tronox Announces Fourth Quarter 2025 Earnings Release Schedule
- Earnings Release Schedule: Tronox Holdings plc will release its fourth quarter 2025 earnings on February 18, 2026, after market close via PR Newswire and its website, ensuring timely access to financial information for investors.
- Webcast Conference Call: The company will host a webcast conference call on February 19, 2026, at 9:00 AM ET, allowing public participation and enhancing transparency and investor engagement.
- Replay Availability: A replay of the conference call will be available on the investor website after the live event, providing access to key information for investors who could not attend the live session, thus improving information accessibility.
- Company Background: Tronox is a leading global producer of high-quality titanium products with approximately 6,500 employees, and its vertical integration model and technical expertise solidify its dominant position in the titanium dioxide market, showcasing strong competitive advantages in the industry.
See More
Tronox Holdings Set to Announce Q4 Earnings
- Earnings Announcement Date: Tronox Holdings is set to release its Q4 earnings on February 18 after market close, with consensus EPS estimate at -$0.58 and revenue estimate at $729.86 million, reflecting an 8% year-over-year growth.
- Historical Performance Review: Over the past two years, Tronox has only beaten EPS estimates 13% of the time and revenue estimates 38% of the time, indicating significant volatility in its earnings performance.
- Forecast Revision Dynamics: In the last three months, EPS estimates have seen one upward revision and three downward revisions, while revenue estimates have experienced three upward revisions with no downward adjustments, suggesting mixed market sentiment regarding the company's future performance.
- Market Reaction: Tronox's stock rose after guiding for a revenue beat in Q4 and securing up to $600 million in potential financing for rare earth projects, indicating improved investor sentiment and confidence in its growth prospects.
See More
Tronox Q4 Earnings Miss Expectations Amid Positive Outlook
- Earnings Performance: Tronox reported a Q4 non-GAAP EPS of -$0.60, missing expectations by $0.02, although revenue reached $730 million, reflecting an 8% year-over-year growth, indicating some resilience in the market.
- Future Outlook: The company expects to generate positive free cash flow by 2026, primarily driven by improving TiO2 pricing and volumes, reduced capital expenditures, and targeted working capital management, suggesting potential for future profitability.
- Volume Expectations: Q1 2026 TiO2 and zircon volumes are anticipated to align with the strong levels seen in Q4 2025, indicating stability in market demand for Tronox's products.
- Pricing Improvement Forecast: TiO2 pricing is expected to improve in Q1 2026, while zircon pricing is projected to enhance in Q2 2026, which will further drive revenue growth and enhance profitability for the company.
See More
Tronox Reports $470 Million Net Loss in 2025 Financial Results
- Financial Overview: Tronox reported fourth-quarter revenue of $730 million for 2025, an 8% year-over-year increase driven by higher sales volumes of TiO2 and zircon, despite the negative impact of lower average selling prices.
- Net Loss Situation: The company recorded a net loss of $177 million in Q4 2025, translating to a loss of $1.11 per share, significantly worsening from a $30 million loss in the same quarter last year, reflecting challenges in the market environment and rising costs.
- Adjusted EBITDA Decline: Adjusted EBITDA stood at $57 million, a 56% decrease compared to the previous year, primarily due to falling prices and increased production costs, indicating pressure on the company's profitability.
- Future Outlook: Tronox expects TiO2 volumes to remain stable in Q1 2026, with anticipated price increases, and alongside ongoing cost improvement measures, the company aims to generate positive free cash flow in 2026, enhancing financial flexibility.
See More
Tronox Declares Quarterly Dividend of $0.05
- Quarterly Dividend Announcement: Tronox Holdings plc has declared a quarterly dividend of $0.05 per share, payable on April 2, 2026, to shareholders of record as of February 23, 2026, demonstrating the company's commitment to returning value to its shareholders.
- Company Overview: As a leading global producer of titanium products, Tronox specializes in high-quality titanium dioxide pigment and high-purity titanium chemicals, employing approximately 6,500 people worldwide, showcasing its robust operational capabilities.
- Vertical Integration Advantage: The company ensures a steady supply of high-grade titanium feedstock through its mining and upgrading facilities, enhancing its competitive edge in the market while providing diverse product offerings to customers.
- Market Impact: The dividend announcement not only reflects the company's strong financial health but may also attract more investor attention, thereby enhancing its image in the capital markets and increasing shareholder value.
See More
Tronox Q4 Revenues Beat Estimates, Plans to Close China Plant
- Revenue Beat: Tronox expects Q4 revenues of $730 million, reflecting an 8% year-over-year and 4% quarter-over-quarter increase, significantly surpassing the $688 million analyst consensus, indicating strong performance in TiO2 and other product segments.
- Net Loss Forecast: Despite revenue growth, Tronox anticipates a Q4 net loss of $176 million, with adjusted EBITDA of $57 million and free cash flow of $53 million, all of which exceed prior guidance, highlighting operational resilience.
- Plant Closure Plan: The company plans to permanently close its 46,000 metric tons/year TiO2 plant in Fuzhou, China, due to weak domestic demand and rising costs, impacting approximately 550 permanent staff, which reflects strategic adjustments to market conditions.
- Restructuring Cost Estimates: Tronox expects to incur $60 million to $80 million in restructuring and related charges primarily in Q4 2025, while estimating annual cost savings exceeding $15 million, demonstrating a commitment to operational efficiency.
See More
Tronox Announces Fourth Quarter 2025 Earnings Release Schedule
- Earnings Release Schedule: Tronox Holdings plc will release its fourth quarter 2025 earnings on February 18, 2026, after market close via PR Newswire and its website, ensuring timely access to financial information for investors.
- Webcast Conference Call: The company will host a webcast conference call on February 19, 2026, at 9:00 AM ET, allowing public participation and enhancing transparency and investor engagement.
- Replay Availability: A replay of the conference call will be available on the investor website after the live event, providing access to key information for investors who could not attend the live session, thus improving information accessibility.
- Company Background: Tronox is a leading global producer of high-quality titanium products with approximately 6,500 employees, and its vertical integration model and technical expertise solidify its dominant position in the titanium dioxide market, showcasing strong competitive advantages in the industry.
See More
