Tronox Holdings plc

TROX

$5.40

-1.64%

2026-08-28 16:00:02 EDT-$0.09

Basic Materials

Chemicals

NYSE

Active Trading

Tronox Holdings plc functions as a globally integrated producer of titanium dioxide (TiO2) pigment, maintaining a significant presence across North and South ...

Price Action of TROX

$5.40

-1.64%-$0.09

High—

Low—

52W High-48.3%

Rel. vol—

Interval

Range6.5h

Volume—SMA5SMA10

—

Tronox Holdings plc is a global chemicals and mining company headquartered in Stamford, Connecticut, with operations and commercial activities spanning North and South America, Europe, the Middle East, Africa, and the Asia Pacific region. Its principal business is titanium dioxide, commonly known as TiO2 pigment. TiO2 is a high-opacity, bright ...Tronox Holdings plc is a global chemicals and mining company headquartered in Stamford, Connecticut, with operations and commercial activities spanning North and South America, Europe, the Middle East, Africa, and the Asia Pacific region. Its principal business is titanium dioxide, commonly known as TiO2 pigment. TiO2 is a high-opacity, bright white material that improves whiteness, coverage, durability, and light resistance in architectural and industrial paints, coatings, plastics, laminates, paper, and specialty products. Tronox’s business model is differentiated by vertical integration: it participates in the value chain from mining titanium-bearing mineral sands through mineral separation, beneficiation, feedstock production, chemical processing, pigment manufacturing, and sales. The company’s upstream portfolio includes mining and processing of ilmenite, rutile, and other titanium minerals, as well as zircon-bearing mineral sands. Downstream products include chloride-process and other TiO2 pigment grades, specialty and ultrafine TiO2 products, zircon, titanium dioxide feedstocks, pig iron, titanium tetrachloride, and associated mineral products. These products serve manufacturers rather than consumers directly, making Tronox an important raw-material supplier within the coatings, plastics, paper, construction, and general industrial supply chains. Tronox’s cost structure is influenced by ore grades, mining conditions, energy, reductants, chlorine and other chemical inputs, freight, labor, environmental compliance, maintenance, and capital expenditures. Its bill of materials therefore includes mineral sands, process chemicals, energy, packaging, spare parts, and logistics services. Vertical integration can provide supply security and cost advantages, although the company remains exposed to commodity-price movements, demand cycles, foreign exchange, energy costs, environmental requirements, and regional economic conditions. Financial performance is cyclical and depends heavily on TiO2 selling prices, customer inventories, utilization rates, and global industrial demand. The supplied trailing data indicates approximately 5,700 employees, a market capitalization of about $1.04 billion at the cited observation, and a trailing revenue multiple near 0.34 times. The same data shows weak trailing profitability, including negative net income and free cash flow, demonstrating the pressure that soft pricing or operating conditions can place on earnings. Tronox’s priorities include operational reliability, disciplined capital allocation, safety, environmental stewardship, sustainable mining, product innovation, and maintaining its global customer base. John D. Romano serves as chief executive officer and is a member of the board. Tronox is publicly traded on the New York Stock Exchange under the symbol TROX.ExpandCollapse

Founded

2012

Employees

5700

CEO

John D. Romano

Full Name

Tronox Holdings plc

Sector

Basic Materials

Industry

Chemicals

ROE

-40.45%

Market Cap

$0.86B

Current Ratio

2.55

WACC

3.85%

ROIC

-7.88%

Contact Information

https://www.tronox.com

203 705 3800

263 Tresser Boulevard, Stamford, CT 06901

Key Metrics of TROX

Snapshot

Latest / TTM · 6 periods

Market Cap

$861.43M

ROCE

-2.1%

EV / EBITDA

44.95x

-1.5% YoY

FCF Yield

-20.4%

+22.1% YoY

Cash Conversion Cycle

176.7d

Current Ratio

2.55

Quick take

TTM —

Positive CCC

Financial Highlights of TROX

Profitability trend

Latest / TTM · 6 periods

Gross Margin

5.3%

Net Margin

-18.0%

P/E Ratio

-1.41x

n/a

Debt / Equity

2.90

n/a

Current Ratio

2.55

Dividend Yield

4.1%

Understanding

TTM —

High debt to equity

Interest coverage is weak

Calendar of TROX

Upcoming

Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $-0.16 · Revenue $853.94M · 5 analysts
Oct 9, 2026In 35 days
Dividend payment
$0.20 per share
Dec 30, 2026
Q4 FY2026 · Estimated results
Est. EPS $-0.19 · Revenue $805.08M · 5 analysts
Dec 31, 2026
FY2026 · Estimated annual results
Est. EPS $-1.39 · Revenue $3.29B · 4 analysts

Recent history

Aug 10, 2026
Ex-dividend date
$0.20 per share
Aug 6, 2026
Q2 FY2026 · Results reported
EPS $-1.07 · Revenue $868.00M
View filing
May 7, 2026
Q1 FY2026 · Results reported
EPS $-0.65 · Revenue $760.00M
View filing
Feb 20, 2026
FY2025 · Annual results
EPS $-2.97 · Revenue $2.89B
View filing
Nov 6, 2025
Q3 FY2025 · Results reported
EPS $-0.63 · Revenue $699.00M
View filing
Jul 31, 2025
Q2 FY2025 · Results reported
EPS $-0.53 · Revenue $731.00M
View filing

Financial Statements of TROX

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$2.9B	-6.1%	+14.2%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$-470.0M	-879.2%	-66.0%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+7.9%	-52.7%	+26.7%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	-1.0%	-114.6%	+34.3%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	-16.3%	-942.6%	-45.4%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$-281.0M	-301.4%	+144.4%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	-9.7%	-327.4%	+138.9%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	253.2%	+49.1%	+8.0%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	2.46x	-0.0%	+5.3%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$6.2B	+3.0%	-1.8%

Actual vs Estimate

A Dec 31Q Sep 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	-2.97 vs -1.35	-120.7%	-1.07 vs -0.16	-561.5%
Revenue Surprise	$2.9B vs $2.9B	+0.4%	$868.0M vs $853.9M	+1.6%

Insider Transactions of TROX

Acquisitions (A)

Since Apr 28, 2026

Disposals (D)

Since Apr 28, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Jul 29, 2026	Schwarz Keith	director	Common Stock	A	18,262	—
Jul 29, 2026	Schwarz Keith	—	—	—	0	—
Apr 28, 2026	JONES GINGER M	director	Common Stock	A	15,690	—
Apr 28, 2026	JONES GINGER M	director	Common Stock	D	3,335	$9.79
Apr 28, 2026	KAUFTHAL ILAN	director	Common Stock	A	15,690	—

Earnings Call Transcript of TROX

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Good morning, and welcome to the Tronox Holdings Second Quarter 2026 Earnings Call. [Operator Instructions] I would now like to turn the call over to Jennifer Guenther, Chief Sustainability Officer, Head of Investor Relations and External Affairs. Jennifer, please go ahead. Jennifer Guenther: Thank you, and welcome to our Second Quarter 2026 Conference Call and Webcast. Turning to Slide 2. On our call today are John Romano, Chief Executive Officer; and John Srivisal, Senior Vice President, Chief Financial Officer. We will be using slides as we move through today's call. You can access the presentation on our website at investor.tronox.com. Moving to Slide 3. A friendly reminder that comments made on this call and the information provided in our presentation and on our website include certain statements that are forward-looking and subject to various risks and uncertainties, including, but not limited to, the specific factors summarized in our SEC filings. This information represents our best judgment based on what we know today. However, actual results may vary based on these risks and uncertainties. The company undertakes no obligation to update or revise any forward-looking statements. During the conference call, we will refer to certain non-U.S. GAAP financial terms that we use in the management of our business and believe are useful to investors in evaluating the company's performance. Reconciliations to their nearest U.S. GAAP terms are provided in our earnings release and in the appendix of the accompanying presentation. Additionally, please note that all financial comparisons made during the call are on a year-over-year basis unless otherwise noted. It is now my pleasure to turn the call over to John Romano. John? John Romano: Thanks, Jennifer, and good morning, everyone. We'll begin this morning on Slide 4. In the second quarter, we continued to build on the commercial momentum we saw in the first quarter. TiO2 volumes came in at the high end of our guidance and at the highest level since Q2 of 2022. Zircon volumes exceeded our expectations and surpassed the strong levels achieved in Q1 as supply remained constrained across the industry. This performance reflects disciplined commercial execution, strong customer engagement and the value of our global footprint, which continues to allow us to reliably serve customers as supply dynamics shift across our markets. We also continue to see meaningful structural benefits from antidumping measures. In addition, customer shifts in certain markets, including India, where customers are increasingly prioritizing reliable supply and long-term supplier relationships are driving strong volumes in the region. And as it relates to India, on August 3, the Indian Trade Defense Agency issued a recommendation that duties on Chinese made TiO2 be reinstated. The level of the duties recommended is unchanged from the original duties imposed in May of 2025. The recommendation now goes to the Minister of …

Leadership Team of TROX

10 executives

Name	Title	Compensation	Gender	Year Born	Status
John D. Romano	Chief Executive Officer & Director	USD 2,548,315	Male	1965	Active
D. John Srivisal	Senior Vice President & Chief Financial Officer	USD 1,039,360	Male	1979	Active
Jeffrey N. Neuman	Senior Vice President, Corporate Secretary & General Counsel	USD 1,020,376	Male	—	Active
Jeffrey Engle	Chief Commercial Officer	USD 795,292	Male	1978	Active
Emad AlJunaidi	Senior VP and Chief Supply Chain & Digital Officer	USD 736,664	Male	1971	Active
Jonathan Flood	Vice President, Controller & Principal Accounting Officer	—	Male	1981	Active
Amy Webb	VP & Chief Human Resources Officer	—	Female	—	Active
Jennifer Guenther	Vice President, Chief Sustainability Officer, Head of Investor Relations & External Affairs	—	Female	—	Active
Eric Bender	Vice President of Strategy & Corporate Development	—	Male	—	Active
Ed Prosapio	Vice President & Treasurer	—	Male	—	Active

Recent News of TROX

Seeking Alpha8/7/2026Neutral

Tronox Holdings plc (TROX) Q2 2026 Earnings Call Transcript

Zacks Investment Research8/5/2026Neutral

Tronox (TROX) Reports Q2 Loss, Beats Revenue Estimates

Tronox (TROX) came out with a quarterly loss of $0.51 per share versus the Zacks Consensus Estimate of a loss of $0.39. This compares to a loss of $0.28 per share a year ago.

Zacks Investment Research8/5/2026Neutral

Here's What Key Metrics Tell Us About Tronox (TROX) Q2 Earnings

Although the revenue and EPS for Tronox (TROX) give a sense of how its business performed in the quarter ended June 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

PRNewsWire8/5/2026Neutral

Tronox Reports Second Quarter 2026 Financial Results

STAMFORD, Conn., Aug. 5, 2026 /PRNewswire/ -- Tronox Holdings plc (NYSE:TROX) ("Tronox" or the "Company"), the world's leading integrated manufacturer of titanium dioxide ("TiO2") pigment, today reported its financial results for the quarter ending June 30, 2026, as follows: Second Quarter 2026 Financial Highlights: Revenue of $868 million, a 14% increase compared to the prior quarter and a 19% increase compared to the prior year Loss from operations of $21 million; net loss attributable to Tronox of $171 million (including $103 million tax valuation allowance); adjusted net loss attributable to Tronox was $82 million (non-GAAP) GAAP diluted loss per share was $1.07; Adjusted diluted loss per share was $0.51 (non-GAAP) Adjusted EBITDA of $73 million; Adjusted EBITDA margin of 8.4% (non-GAAP) Capital expenditures of $45 million Generated free cash flow of $60 million Outlook: Expect to deliver meaningful positive free cash flow for full year 2026, with Q3 relatively neutral Expect Q3 2026 TiO2 volumes to be down moderately, in the mid-single-digit percentage range, in-line with normal, seasonal patterns Expect Q3 zircon volumes to moderate slightly compared to Q2, due to inventory availability following a very strong first half TiO2 pricing expected to improve sequentially in the mid-single-digit percentage range and zircon pricing to improve in the mid- to high single-digit percentage range in Q3 2026 Q3 2026 Adjusted EBITDA expected to be $95-$115 million This outlook is based on Tronox's views on current global economic activity and is subject to changes and impacts associated with the general macroeconomic and industry-related conditions, global supply chain, and inflation-related challenges, among others.

Zacks Investment Research7/29/2026Neutral

Analysts Estimate Tronox (TROX) to Report a Decline in Earnings: What to Look Out for

Tronox (TROX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Historical Employee Count of TROX

Current

5,700

Change

-12.31%

Minimum

5,700

Maximum

6,500

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	5,700	10-K	Feb 20, 2026	View
Dec 31, 2024	6,500	10-K	Feb 19, 2025	View
Dec 31, 2023	6,500	10-K	Feb 21, 2024	View
Dec 31, 2022	6,500	10-K	Feb 22, 2023	View
Dec 31, 2021	6,500	10-K	Feb 22, 2022	View

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Tronox Holdings plc