Tronox (TROX) Tops Q1 EPS by 16c, Revenues Beat
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Tronox Reports First Quarter 2021 Financial Results
April 28, 2021 4:30 PM EDTSTAMFORD, Conn., Apr. 28, 2021 /PRNewswire/ --
First Quarter 2021 Financial Highlights:
Record revenue of $891 million increased 14 percent sequentially, driven primarily by double-digit growth in both TiO2 and zircon volumes and 3 percent higher TiO2 average selling prices Income from operations of $125 million; Net income of $26 million GAAP diluted income per share of $0.12; Adjusted diluted EPS of $0.43 (Non-GAAP); the difference is primarily due to costs associated with the Q1 debt refinancing transactions and the break fee associated with the TiZir Titanium and Iron ("TTI") transaction Adjusted EBITDA of $225 million, ahead of guidance;... More