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)
Tronox anticipates TiO2 sales volumes to increase 11-15 percent sequentially in Q1 2021 and expects Q1 2021 Adjusted EBITDA of $200-$210 million.
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