TROX Earnings Prediction
The chart below shows how TROX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TROX sees a +2.81% change in stock price 10 days leading up to the earnings, and a -0.60% change 10 days following the report. On the earnings day itself, the stock moves by -0.31%. This data can give you a slight idea of what to expect for the next quarter's release.
TROX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
804.00M
21.45%
-1.95%
Gross Margin
15.92%
12.11%
-12.96%
Operating Margin
6.72%
39.13%
-27.51%
Net Margin
-3.11%
47.39%
-354.92%
EPS
-0.16
-77.78%
-260.00%
No Data Available
TROX Earnings Analysis
TRONOX LIMITED CL A ORDINARY SHARES Corporation (TROX.N) Earnings Conference Call
Positive
Revenue Increase Driven by Sales: Revenue increased by 21% year-over-year to $804 million, driven primarily by higher TiO2, zircon, and other product sales volumes.
Quarterly Adjusted EBITDA Growth: Adjusted EBITDA for the quarter was $143 million, representing a 23% improvement year-over-year, driven by higher TiO2, zircon, and other product volumes and lower production costs.
TiO2 Revenue Increase: TiO2 revenues increased by 10% compared to the prior year quarter, with sales improving by 12%, partially offset by a 2% decline due to price and product mix.
Zircon Revenue Surge: Zircon revenues increased by 124% over the trough levels of Q3 2023, with sales volumes increasing by 134%.
Shareholder Dividend Distribution: The company returned $21 million to shareholders in the form of dividends during the quarter.
Negative
Demand Recovery Shortfall: Ongoing demand recovery fell below expectations due to softer-than-anticipated market conditions, resulting in a decline in TiO2 volumes by 7% sequentially compared to Q2, which was outside the guidance of a 2% to 4% decrease.
Zircon Volume Decline: Zircon volumes decreased by 12% sequentially, below the guidance of relatively flat volume versus the second quarter due to orders rolling into Q4 and weaker-than-expected demand in China.
Adjusted EBITDA Performance: Adjusted EBITDA was $143 million, slightly below the previously guided range of $145 million to $165 million, reflecting an 18% margin.
Net Loss Challenges: The company reported a net loss attributable to Tronox of $25 million, indicating ongoing financial challenges amid lower demand and higher costs.
Production Cost Increase: The lower demand environment resulted in a significant increase in production costs, with production costs being $32 million higher quarter-over-quarter, driven by higher cost pigmented tons manufactured.
TROX FAQs
How does TROX typically perform around its earnings report dates?
Is Tronox Holdings plc (TROX) Q3 2024 Earnings Call Summary positive or negative?
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TROX Earning Call Sentiment
Tronox Holdings plc (TROX) Q3 2024 Earnings Call Transcript
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00:00
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TROX.N
2.05%Positive
The earnings call indicates mixed signals. While there's a stable financial performance and promising long-term sustainability goals, the immediate financial outlook is uncertain with declining TiO2 volumes and inventory build-up. The Q&A reflects management's lack of clarity on operational improvements and market conditions, contributing to uncertainty. Despite a slight positive from shareholder returns, the high leverage and lack of clear guidance on cost savings dampen optimism. With a market cap around $2.46 billion, the stock is likely to show minimal movement, hence a neutral prediction.
