Tronox reported a revenue of $774 million, a 9% increase compared to the prior year. The company experienced a net loss of $9 million, with an adjusted net loss of $7 million. Adjusted EBITDA was $131 million, exceeding previous guidance.
Revenue increased by 9% year-over-year, driven by higher TiO2 and zircon volumes.
Net loss was $9 million, with an adjusted net loss of $7 million.
Adjusted EBITDA reached $131 million, surpassing previously issued guidance.
The company expects TiO2 volumes to increase 7-10% in Q2 2024 compared to Q1 2024.
Tronox anticipates increased TiO2 volumes and relatively flat zircon volumes in Q2 2024, with Adjusted EBITDA expected to be $160-180 million and Adjusted EBITDA margin in the range of 20%.
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