Tronox Holdings plc SEC 10-Q Report

Tronox Holdings plc, a global leader in the mining, production, and marketing of inorganic minerals and chemicals, has released its Form 10-Q report for the third quarter. The report outlines significant financial and operational challenges faced by the company, including a notable decline in net sales and increased production costs. The company is taking strategic steps to optimize its operations and improve efficiency in response to these challenges.

Financial Highlights

• Net Sales: $731 million, decreased 11% compared to the prior year, primarily driven by lower TiO2 and zircon sales volumes and lower average selling prices of zircon.
• Gross Profit: $79 million, decreased from $150 million in the prior year due to lower sales volumes, higher production costs, and lower average selling prices.
• (Loss) Income from Operations: $(35) million, compared to $76 million in the prior year, reflecting restructuring charges and increased costs.
• Net (Loss) Income: $(85) million, compared to $10 million in the prior year, impacted by lower sales and higher restructuring charges.
• Basic Net (Loss) Income Per Ordinary Share: $(0.53), compared to $0.10 in the prior year, reflecting the net loss incurred during the period.

Business Highlights

• Revenue Segments: The company reported a decrease in TiO2 revenue by 10% compared to the previous year, driven by an 11% decrease in sales volumes, while average selling prices remained flat. Zircon revenue also decreased by 20% due to a 10% decrease in sales volumes and a 10% decline in average selling prices.
• Geographical Performance: North America saw a decrease in net sales from $222 million to $207 million. Europe, Middle-East, and Africa experienced a slight decline in net sales from $308 million to $299 million. Asia Pacific faced a significant drop in net sales from $239 million to $184 million.
• Sales Units: The company experienced a decrease in sales volumes for both TiO2 and zircon products, contributing to the overall decline in revenue.
• Operational Challenges: The company faced higher production costs and freight costs, which negatively impacted gross profit. Additionally, restructuring and other charges amounted to $42 million, further affecting operational performance.
• Future Outlook: The company is focusing on optimizing its global production footprint and improving capacity utilization. It plans to idle its TiO2 plant in the Netherlands, impacting approximately 240 employees, as part of a strategic review to enhance operational efficiency.

SEC Filing: Tronox Holdings plc [ TROX ] - 10-Q - Jul. 31, 2025