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Dec 31, 2021
Tronox Q4 2021 Earnings Report
Tronox's Q4 2021 financial results were reported, showing revenue of $884 million and adjusted EPS of $0.53.
Key Takeaways
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.
Revenue by Segment
Forward Guidance
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.
Positive Outlook
- Strong demand trends to continue for both TiO2 and zircon
- Expect margins to expand throughout the year
- Expect to see earnings expansion driven by growing the top-line
- Reducing our cost per ton through high return capital projects
- Managing expenses, and leveraging our tax attributes
Challenges Ahead
- Continued supply chain disruptions
- Inflation pressures including elevated commodity prices
- First quarter Adjusted EBITDA to be $230-$245 million, driven by higher cost of goods manufactured in the fourth quarter impacting our results in both the fourth and first quarters as those tons were sold.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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