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Dec 31, 2020
Tronox Q4 2020 Earnings Report
Revenue increased driven by continued demand recovery across all products, end markets, and geographies and delivered strongest adjusted EBITDA margin quarter of the year.
Key Takeaways
Tronox reported Q4 2020 financial results with revenue of $783 million, income from operations of $94 million, and adjusted EBITDA of $204 million. The company achieved total synergies of $243 million, exceeding the run rate synergy target set at Investor Day. Market demand for TiO2 and Zircon remain strong, and the company anticipates TiO2 sales volumes to increase 11-15 percent sequentially in Q1 2021.
Revenue of $783 million
Income from operations of $94 million; Net income from continuing operations of $57 million
Adjusted EBITDA of $204 million; Adjusted EBITDA margin of 26 percent (Non-GAAP)
GAAP diluted EPS of $0.31; Adjusted diluted EPS of $0.19 (Non-GAAP)
Forward Guidance
Tronox anticipates TiO2 sales volumes to increase 11-15 percent sequentially in Q1 2021 and expects Q1 2021 Adjusted EBITDA of $200-$210 million.
Positive Outlook
- TiO2 sales volumes expected to increase 11-15 percent sequentially from global demand strength
Historical Earnings Impact
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Avg. Return Before/After Earnings
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