Tronox reported Q4 2021 revenue of $884 million, net income of $87 million, and adjusted EPS of $0.53. The company's performance was driven by strong customer demand and effective management of macro challenges. Tronox reduced its total debt to $2.6 billion and anticipates continued strong demand for TiO2 and zircon.
Revenue reached $884 million.
Net income was reported at $87 million.
GAAP diluted EPS stood at $0.52, with adjusted diluted EPS at $0.53.
Free cash flow was $50 million after capital expenditures of $89 million.
Tronox anticipates strong demand trends to continue for both TiO2 and zircon, in addition to continued supply chain disruptions and inflation pressures including elevated commodity prices. For the full year 2022, Tronox is reinstating its practice of providing annual guidance. We expect 2022 to be the year we meet and exceed our ambitious $1 billion EBITDA target as we expect margins to expand throughout the year.
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