Tronox reported a revenue of $945 million, a 2% increase compared to the prior year, driven by higher revenue from TiO2. Net income was $375 million, which includes a $262 million non-cash benefit from the reversal of a portion of the valuation allowance in Australia. Adjusted EBITDA was $275 million with a margin of 29.1%.
Revenue increased by 2% year-over-year to $945 million, driven by higher TiO2 revenue.
Net income reached $375 million, including a $262 million non-cash benefit from an Australian valuation allowance reversal.
GAAP diluted EPS was $2.37, and adjusted diluted EPS was $0.84.
Adjusted EBITDA was $275 million, with an Adjusted EBITDA margin of 29.1%.
Tronox anticipates relatively flat TiO2 volumes sequentially and an Adjusted EBITDA between $275 million and $295 million for Q3 2022.
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