Aankondiging • Jul 08
Tronox Holdings plc to Report Q2, 2026 Results on Aug 05, 2026 Tronox Holdings plc announced that they will report Q2, 2026 results After-Market on Aug 05, 2026 Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. CEO & Director John Romano was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Aankondiging • Apr 29
Tronox Holdings plc announces Quarterly dividend, payable on July 08, 2026 Tronox Holdings plc announced Quarterly dividend of USD 0.0500 per share payable on July 08, 2026, ex-date on May 11, 2026 and record date on May 11, 2026. Aankondiging • Apr 09
Tronox Holdings plc to Report Q1, 2026 Results on May 06, 2026 Tronox Holdings plc announced that they will report Q1, 2026 results After-Market on May 06, 2026 Aankondiging • Mar 20
Tronox Holdings plc, Annual General Meeting, Apr 28, 2026 Tronox Holdings plc, Annual General Meeting, Apr 28, 2026. Location: 6 waterloo place, st. james, london United Kingdom Aankondiging • Jan 27
Tronox Holdings plc to Report Q4, 2025 Results on Feb 18, 2026 Tronox Holdings plc announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Feb 18, 2026 Aankondiging • Dec 09
Export-Import Bank of the United States and Export Finance Australia Provide Conditional and Non-Binding Support for Potential Financing of Up to USD 600 Million to Advance Tronox's Rare Earth Strategy Tronox Holdings plc announced it has received coordinated, non-binding and conditional Letters of Support /Interest ("LS" or "LI" or combined, the "Letters") from Export Finance Australia ("EFA") and Export-Import Bank of the United States ("EXIM"), respectively, for up to USD 600 million in limited or non-recourse financing to support the development of Tronox's rare earth supply chain, including mine extensions, infrastructure support and cracking and leaching capacity. The coordinated Letters from EXIM and EFA are part of the agencies' work under the United States–Australia Framework for Securing of Supply in the Mining and Processing of Critical Minerals and Rare Earths announced in October of this year. The Letters represent a demonstration of interest in working with Tronox as it seeks to utilize the Company's existing mining and processing capabilities to build out a rare earth elements supply chain. Tronox recently completed a pre-feasibility study and is now progressing to a definitive feasibility study for a proposed cracking and leaching facility in Western Australia to produce a mixed rare earth carbonate including both light and heavy rare earths. Tronox will now be working with downstream customers and other key business partners to develop a financeable project structure consistent with its long-term capital allocation priorities. The EFA LS is subject to the satisfactory completion of customary due diligence, including environmental, social and financial assessments, as well as credit, risk and legal requirements and approvals, and compliance with applicable laws and regulations. The EXIM LI is a non-binding indication of EXIM's general interest in a proposed transaction or project and provides indicative general financing terms that EXIM is prepared to consider based on a limited review of the transaction/project. Aankondiging • Nov 06
Tronox Holdings plc Provides Earnings Guidance for the Fourth Quarter of 2025 Tronox Holdings plc provided earnings guidance for the fourth quarter of 2025. The company expects fourth quarter of 2025 revenue to be relatively flat to third quarter of 2025. This is primarily driven by weaker than anticipated pricing on TiO2 and zircon (~2% and 6%, respectively), as a result of more aggressive competitive activity in the market including the aforementioned liquidation of inventory, partially offset by higher sequential volumes. Although lower than previously anticipated, the fourth quarter of 2025 guide assumes TiO2 volume growth of 3-5% and zircon volume growth of 15-20% compared to third quarter of 2025. Additionally, revenue from other products will be lower in the fourth quarter. Aankondiging • Oct 30
Tronox Holdings plc Declares a Quarterly Dividend, Payable on January 6, 2026 Tronox Holdings plc announced that its Board of Directors declared a quarterly dividend of $0.05 per share. The dividend is payable on January 6, 2026 to shareholders of record at the close of business on November 10, 2025. Aankondiging • Oct 09
Tronox Holdings plc to Report Q3, 2025 Results on Nov 05, 2025 Tronox Holdings plc announced that they will report Q3, 2025 results After-Market on Nov 05, 2025 Aankondiging • Sep 04
Bragar Eagel & Squire, P.C. Announces That A Class Action Lawsuit Has Been Filed Against Tronox Holdings plc and Encourages Investors to Contact the Firm Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Tronox Holdings plc in the United States District Court for the District of Connecticut on behalf of all persons and entities who purchased or otherwise acquired Tronox common stock between February 12, 2025, to July 30, 2025, both dates inclusive. Investors have until November 3, 2025 to apply to the Court to be appointed as lead plaintiff in the lawsuit. According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Tronox’s ability to forecast the demand for its pigment and zircon products or otherwise the true state of its commercial division, despite making lofty long-term projections, Tronox’s forecasting processes fell short as sales continued to decline and costs increased, ultimately, derailing the Company’s revenue projections. On July 30, 2025, Tronox announced its financial results for the second quarter of fiscal 2025, revealing a significant reduction in TiO2 sales for the quarter. The Company attributed the decline to “softer than anticipated coatings season and heightened competitive dynamics.” As a result of the setback in sales, defendants revised the Company’s 2025 financial outlook lowering its full-year revenue guidance and reducing its dividend by 60%. Following this news, Tronox’s common stock declined dramatically. From a closing market price of $5.14 per share on July 30, 2025, Tronox’s stock price fell to $3.19 per share on July 31, 2025, a decline of about 38% in the span of just a single day. Aankondiging • Jul 11
Tronox Holdings plc to Report Q2, 2025 Results on Jul 30, 2025 Tronox Holdings plc announced that they will report Q2, 2025 results After-Market on Jul 30, 2025 Aankondiging • May 10
Tronox Holdings plc Elects Fawaz Al-Fawaz as Director Tronox Holdings plc at its Annual General Meeting of Shareholders was held on May 7, 2025, approved to elect Fawaz Al-Fawaz as director. Aankondiging • May 07
Tronox Holdings plc Announces Quarterly Dividend, Payable on July 2, 2025 Tronox Holdings plc announced that its Board of Directors declared a quarterly dividend of $0.125 per share. The dividend is payable on July 2, 2025 to shareholders of record at the close of business on May 19, 2025. Aankondiging • May 01
Tronox Holdings plc Maintains Earnings Guidance for 2025 Tronox Holdings plc maintained earnings guidance for 2025. For the period, the company expects Revenue of $3.0 billion to $3.4 billion driven by improving TiO2 and zircon volumes, partially offset by lower sales from other products. Aankondiging • Apr 01
Tronox Holdings plc to Report Q1, 2025 Results on Apr 30, 2025 Tronox Holdings plc announced that they will report Q1, 2025 results After-Market on Apr 30, 2025 Aankondiging • Mar 28
Tronox Holdings plc, Annual General Meeting, May 07, 2025 Tronox Holdings plc, Annual General Meeting, May 07, 2025. Location: 6 waterloo place, st. james, sw1y 4an, london United Kingdom Aankondiging • Mar 18
Tronox Holdings plc Announces Intent to Idle Its Pigment Plant in the Netherlands Tronox Holdings plc announced that as a result of a strategic review of its asset footprint, Tronox has informed its Netherlands' labor force that it intends to idle its 90,000 metric ton per year TiO2 plant in Botlek, the Netherlands. The site is currently shut-down due to an outage by the site's chlorine supplier that began on March 6, 2025, but upon conclusion of consultation with the works council, is not expected to be brought back online. Tronox expects this action will not impact its ability to serve customers, as the Company will leverage its diverse footprint to provide uninterrupted supply. The operating site currently employs approximately 240 impacted permanent staff. Tronox estimates incurring restructuring and other related charges of approximately $130-160 million, primarily over the next 18 months, including $55-65 million of non-cash write-downs related to the idling of the facility. Cost savings are estimated to exceed $30 million annually from 2026 onwards. The cost savings from the idling of the Botlek site are incremental to the Company's previously identified $125-175 million of sustainable, run-rate cost improvements deliverable by the end of 2026. As a result of these intended actions, free cash flow for the full year 2025 is expected to be greater than $50 million. Aankondiging • Feb 22
Tronox Announces Appointment of Julie Beck to Its Board of Directors, Effective March 1, 2025 and to Serve as a Member of the Audit Committee Tronox Holdings plc announced the appointment of Julie Beck to the Board of Directors effective March 1, 2025. Ms. Beck will also serve as a member of the Audit Committee of the Board. Following the appointment of Ms. Beck, the Board will be comprised of 11 directors, 7 of whom are independent. Ms. Beck's business career spans more than 30 years. From January 2022 to February 2025, Ms. Beck was the Senior Vice President, Chief Financial Officer of Terex Corporation since November 2021. Previously, Ms. Beck served as Senior Vice President and Chief Financial Officer of NOVA Chemicals Corporation from 2016 to 2021. Prior to joining NOVA Chemicals, from 2008 to 2016, she served as Chief Financial Officer of the mining and machinery business of Joy Global Inc. From 2014 to 2016, Ms. Beck also served as Global Vice President of Supply Chain, Operational Excellence, and Quality for Joy Global Inc. Ms. Beck previously served in various positions, including Chief Financial Officer, at both the Journal Register Company, a former NYSE-listed publishing organization, and Norwood Promotional Products Inc. Prior to that, Ms. Beck served in financial roles for Temple-Inland Inc. and Rockwell Automation. A certified public accountant, Ms. Beck began her career with Deloitte & Touche. Aankondiging • Feb 19
Tronox Holdings plc Declares First Quarter 2025 Dividend, Payable on April 4, 2025 Tronox Holdings plc announced that its Board of Directors declared a quarterly dividend of $0.125 per share. The dividend is payable on April 4, 2025 to shareholders of record at the close of business on March 3, 2025. Aankondiging • Feb 13
Tronox Holdings plc Provides Earnings Guidance for the Full Year 2025 Tronox Holdings plc provided earnings guidance for the full year 2025. For the full year 2025, the company is expecting revenue to be $3.0-3.4 billion driven by improving TiO2 and zircon volumes, partially offset by lower sales from other products. The company expected the second half of 2025 to be stronger than the first half. Aankondiging • Jan 24
Tronox Holdings plc to Report Q4, 2024 Results on Feb 12, 2025 Tronox Holdings plc announced that they will report Q4, 2024 results After-Market on Feb 12, 2025 Declared Dividend • Nov 04
Third quarter dividend of US$0.13 announced Shareholders will receive a dividend of US$0.13. Ex-date: 8th November 2024 Payment date: 13th December 2024 Dividend yield will be 4.2%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is not covered by earnings (188% earnings payout ratio) nor is it covered by cash flows (dividend approximately 13x free cash flows). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 108% to bring the payout ratio under control. EPS is expected to grow by 171% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Aankondiging • Oct 31
Tronox Holdings plc Declares Dividend for the Fourth Quarter 2024, Payable on December 13, 2024 Tronox Holdings plc announced that its Board of Directors declared a quarterly dividend of $0.125 per share. The dividend is payable on December 13, 2024 to shareholders of record at the close of business on November 11, 2024. Reported Earnings • Oct 25
Third quarter 2024 earnings released: US$0.16 loss per share (vs US$0.089 loss in 3Q 2023) Third quarter 2024 results: US$0.16 loss per share (further deteriorated from US$0.089 loss in 3Q 2023). Revenue: US$804.0m (up 22% from 3Q 2023). Net loss: US$25.0m (loss widened 79% from 3Q 2023). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Aankondiging • Oct 02
Tronox Holdings plc to Report Q3, 2024 Results on Oct 24, 2024 Tronox Holdings plc announced that they will report Q3, 2024 results After-Market on Oct 24, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €12.90, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Chemicals industry in Germany. Total loss to shareholders of 33% over the past three years. Aankondiging • Aug 14
Tronox Holdings plc Declares Third Quarter 2024 Dividend, Payable on September 27, 2024 Tronox Holdings plc announced that its Board of Directors declared a quarterly dividend of $0.125 per share. The dividend is payable on September 27, 2024 to shareholders of record at the close of business on August 26, 2024. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$0.10 (vs US$1.72 loss in 2Q 2023) Second quarter 2024 results: EPS: US$0.10 (up from US$1.72 loss in 2Q 2023). Revenue: US$820.0m (up 3.3% from 2Q 2023). Net income: US$16.0m (up US$285.0m from 2Q 2023). Profit margin: 2.0% (up from net loss in 2Q 2023). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. New Risk • Jul 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Aankondiging • Jul 13
Tronox Holdings plc to Report Q2, 2024 Results on Aug 01, 2024 Tronox Holdings plc announced that they will report Q2, 2024 results After-Market on Aug 01, 2024 Declared Dividend • May 13
First quarter dividend of US$0.13 announced Shareholders will receive a dividend of US$0.13. Ex-date: 17th May 2024 Payment date: 21st June 2024 Dividend yield will be 2.7%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Aankondiging • May 09
Tronox Holdings plc Announces Appointment of Lucrèce Foufopoulos-De Ridder to its Board of Directors Tronox Holdings plc announced the appointment of Lucrèce Foufopoulos-De Ridder to the Board of Directors effective May 8, 2024. Mrs. Foufopoulos-De Ridder will also serve as a member of the Corporate Governance and Sustainability Committee of the Board. Following the appointment of Mrs. Foufopoulos-De Ridder, the Board will be comprised of 10 directors, 6 of whom are independent. Mrs. Foufopoulos-De Ridder's career in the specialty chemical and petrochemical industry spans more than 25 years. From January 2019 until December 2023 she served as both an officer and board member of the Borealis Group, where she was the Executive Vice President Polyolefins, Circular Economy Solutions and Innovation & Technology. Prior to this, she served Eastman Chemical Company as Vice President and General Manager, Rubber Additives, from 2015 to 2018 and Chief Commercial Officer from 2014 to 2015. Preceding her time at Eastman Chemicals, Mrs. Foufopoulos-De Ridder held a variety of business, strategy, commercial and technology leadership roles at the Dow Chemical Company, Rohm and Haas, Dow Corning and Raychem Corporation. Mrs. Foufopoulos-De Ridder also serves as a director of Amcor PLC, Sika AG and Royal Vopak N.V. Aankondiging • May 08
Tronox Holdings plc Declares Quarterly Dividend, Payable on June 21, 2024 Tronox Holdings plc announced that its Board of Directors declared a quarterly dividend of $0.125 per share. The dividend is payable on June 21, 2024 to shareholders of record at the close of business on May 20, 2024. Reported Earnings • May 02
First quarter 2024 earnings released: US$0.057 loss per share (vs US$0.15 profit in 1Q 2023) First quarter 2024 results: US$0.057 loss per share (down from US$0.15 profit in 1Q 2023). Revenue: US$774.0m (up 9.3% from 1Q 2023). Net loss: US$9.00m (down 139% from profit in 1Q 2023). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Aankondiging • Apr 05
Tronox Holdings plc to Report Q1, 2024 Results on May 01, 2024 Tronox Holdings plc announced that they will report Q1, 2024 results After-Market on May 01, 2024 Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 3 highly experienced directors. Co-CEO & Director John Romano was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Mar 30
Full year 2023 earnings released: US$1.28 loss per share (vs US$2.48 profit in FY 2022) Full year 2023 results: US$1.28 loss per share (down from US$2.48 profit in FY 2022). Revenue: US$2.85b (down 18% from FY 2022). Net loss: US$200.0m (down 152% from profit in FY 2022). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. New Risk • Mar 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Significant insider selling over the past 3 months (€2.1m sold). Aankondiging • Mar 28
Tronox Holdings plc, Annual General Meeting, May 08, 2024 Tronox Holdings plc, Annual General Meeting, May 08, 2024, at 10:00 Coordinated Universal Time. Location: 6 Waterloo Place, St. James, SW1Y 4AN, London United Kingdom Agenda: To consider the election of each of the nine directors; to approve executive compensation; to ratify the appointment of PricewaterhouseCoopers LLP (U.S.) as the company's independent registered public accounting firm; to consider the receipt of U.K. audited annual report and accounts and related directors's and auditor's reports for the fiscal year ended December 31, 2023 included in Appendix A to this Proxy Statement; to consider the U.K. directors's remuneration report for the fiscal year ended December 31, 2023; to re-appoint PricewaterhouseCoopers LLP as U.K. statutory auditor; to authorize the Board of Directors or the Audit Committee to determine the remuneration of PwC U.K. in its capacity as the company's U.K. statutory auditor; and to consider other matters. Recent Insider Transactions • Mar 10
Co-CEO & Director recently sold €713k worth of stock On the 6th of March, Jean-Francois Turgeon sold around 52k shares on-market at roughly €13.71 per share. This transaction amounted to 7.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jean-Francois' only on-market trade for the last 12 months. Declared Dividend • Feb 23
Fourth quarter dividend of US$0.13 announced Shareholders will receive a dividend of US$0.13. Ex-date: 1st March 2024 Payment date: 5th April 2024 Dividend yield will be 3.5%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Aankondiging • Feb 22
Tronox Holdings plc Announces Dr. Vanessa Guthrie Decides to Not Seek Re-Election as Member of the Board of Directors Tronox Holdings plc announced that Dr. Vanessa Guthrie has decided to not seek re-election as a member of the Board of Directors of the Company at the 2024 Annual Meeting of Stockholders. Dr. Guthrie will step off the Tronox Board with effect from February 21, 2024. Dr. Guthrie also serves on the Board of Directors of Lynas Rare Earths Ltd. (Lynas). Her decision to not stand for re-election at Tronox was solely related to the growing importance of rare earth mineral mining and processing for Tronox and the foreseeable conflict of interest which might arise as and when Tronox and Lynas begin competing in this fast growing sector of the green energy transformation. Rare earth materials are regarded as a "critical mineral" by the United States, European Union, Australia and other major economies due to their importance in producing the types of permanent magnets required in electric vehicle motors, wind turbines and other strategic end markets. Aankondiging • Feb 21
Tronox Holdings plc Declares Dividend for the First Quarter 2024, Payable on April 5, 2024 Tronox Holdings plc announced that its Board of Directors declared a quarterly dividend of $0.125 per share. The dividend is payable on April 5, 2024 to shareholders of record at the close of business on March 4, 2024. Buy Or Sell Opportunity • Feb 17
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 7.0% to €12.30. The fair value is estimated to be €10.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Feb 16
Full year 2023 earnings released: US$2.02 loss per share (vs US$3.21 profit in FY 2022) Full year 2023 results: US$2.02 loss per share (down from US$3.21 profit in FY 2022). Revenue: US$2.85b (down 18% from FY 2022). Net loss: US$316.0m (down 164% from profit in FY 2022). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Aankondiging • Jan 26
Tronox Holdings plc to Report Q4, 2023 Results on Feb 15, 2024 Tronox Holdings plc announced that they will report Q4, 2023 results After-Market on Feb 15, 2024 Aankondiging • Nov 02
Tronox Declares Dividend for the Fourth Quarter 2023, Payable on December 15, 2023 Tronox Holdings plc announced that its Board of Directors declared a quarterly dividend of $0.125 per share. The dividend is payable on December 15, 2023 to shareholders of record at the close of business on November 13, 2023. Reported Earnings • Oct 26
Third quarter 2023 earnings released: US$0.089 loss per share (vs US$0.78 profit in 3Q 2022) Third quarter 2023 results: US$0.089 loss per share (down from US$0.78 profit in 3Q 2022). Revenue: US$662.0m (down 26% from 3Q 2022). Net loss: US$14.0m (down 112% from profit in 3Q 2022). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Aankondiging • Oct 26
Tronox Holdings plc Announces CEO Changes, Effective April 1, 2024 Tronox Holdings plc announced that Jean-François Turgeon, Tronox's co-chief executive officer, will retire from Tronox on April 1, 2024. John Romano, current co-chief executive officer, will become Tronox's sole CEO effective as of Mr. Turgeon's retirement. The Board of Directors intends to nominate Mr. Turgeon for reelection as a Board member at the Company's Annual General Meeting in May 2024. Mr. Turgeon joined Tronox in January 2014 to integrate the mineral sands and pigment business and oversee integrated business planning, technology, supply chain and capital investment including mine development. He has 35 years of leadership experience in the global titanium dioxide business, including more than 24 years at the Rio Tinto Group. His leadership and operational expertise have been integral to the transformation of Tronox into the world's leading vertically integrated producer of titanium dioxide pigment. Among the many contributions of Mr. Turgeon was implementing a mindset transformation that unified the organization's approach to collaboration and accelerating success. Mr. Romano has 35 years of leadership experience in the global TiO2 business. He has held a variety of roles prior to his appointment as co-CEO in December 2020, including Executive Vice President, Chief Commercial and Strategy Officer, Senior Vice President and President of the Company's Pigment and Electrolytic operations, and a variety of senior sales and marketing leadership positions at Tronox and its predecessor companies. Aankondiging • Oct 11
Tronox Holdings plc to Report Q3, 2023 Results on Oct 25, 2023 Tronox Holdings plc announced that they will report Q3, 2023 results After-Market on Oct 25, 2023 New Risk • Oct 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 131% Minor Risk Share price has been volatile over the past 3 months (6.1% average weekly change). Aankondiging • Aug 03
Tronox Holdings plc Announces Quarterly Dividend, Payable on September 15, 2023 Tronox Holdings plc announced that its Board of Directors declared a quarterly dividend of $0.125 per share. The dividend is payable on September 15, 2023 to shareholders of record at the close of business on August 14, 2023. New Risk • Jul 28
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Cash payout ratio: 131% Dividend yield: 3.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 131% Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change). Reported Earnings • Jul 28
Second quarter 2023 earnings released: US$1.72 loss per share (vs US$2.41 profit in 2Q 2022) Second quarter 2023 results: US$1.72 loss per share (down from US$2.41 profit in 2Q 2022). Revenue: US$794.0m (down 16% from 2Q 2022). Net loss: US$269.0m (down 172% from profit in 2Q 2022). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €13.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Chemicals industry in Germany. Total returns to shareholders of 120% over the past three years. Aankondiging • Jul 12
Tronox Holdings plc to Report Q2, 2023 Results on Jul 27, 2023 Tronox Holdings plc announced that they will report Q2, 2023 results After-Market on Jul 27, 2023 Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €11.60, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Chemicals industry in Germany. Total returns to shareholders of 84% over the past three years. Aankondiging • May 04
Tronox Holdings plc Declares Quarterly Dividend, Payable on June 16, 2023 Tronox Holdings plc announced that its Board of Directors declared a quarterly dividend of $0.125 per share. The dividend is payable on June 16, 2023 to shareholders of record at the close of business on May 15, 2023. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: US$0.15 (vs US$0.10 in 1Q 2022) First quarter 2023 results: EPS: US$0.15 (up from US$0.10 in 1Q 2022). Revenue: US$708.0m (down 27% from 1Q 2022). Net income: US$23.0m (up 44% from 1Q 2022). Profit margin: 3.2% (up from 1.7% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Mar 15
Co-CEO & Director recently sold €1.4m worth of stock On the 7th of March, Jean-Francois Turgeon sold around 94k shares on-market at roughly €14.67 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jean-Francois' only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €13.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Chemicals industry in Germany. Total returns to shareholders of 219% over the past three years. Reported Earnings • Feb 17
Full year 2022 earnings released: EPS: US$3.21 (vs US$1.88 in FY 2021) Full year 2022 results: EPS: US$3.21 (up from US$1.88 in FY 2021). Revenue: US$3.45b (down 3.3% from FY 2021). Net income: US$497.0m (up 74% from FY 2021). Profit margin: 14% (up from 8.0% in FY 2021). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 17% per year. Aankondiging • Jan 20
Tronox Holdings plc to Report Q4, 2022 Results on Feb 15, 2023 Tronox Holdings plc announced that they will report Q4, 2022 results After-Market on Feb 15, 2023 Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improved over the past week After last week's 21% share price gain to €13.70, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Chemicals industry in Germany. Total returns to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €24.12 per share. Aankondiging • Nov 02
Tronox Holdings plc Declares Quarterly Dividend, Payable on December 16, 2022 Tronox Holdings plc announced that its Board of Directors declared a quarterly dividend of $0.125 per share. The dividend is payable on December 16, 2022 to shareholders of record at the close of business on November 14, 2022. Recent Insider Transactions • Nov 01
Senior VP & CFO recently bought €60k worth of stock On the 28th of October, Timothy Carlson bought around 5k shares on-market at roughly €11.94 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Timothy has been a net seller over the last 12 months, reducing personal holdings by €788k. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: US$0.78 (vs US$0.72 in 3Q 2021) Third quarter 2022 results: EPS: US$0.78 (up from US$0.72 in 3Q 2021). Revenue: US$895.0m (up 2.9% from 3Q 2021). Net income: US$121.0m (up 9.0% from 3Q 2021). Profit margin: 14% (in line with 3Q 2021). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Aankondiging • Sep 27
Tronox Holdings plc to Report Q3, 2022 Results on Oct 26, 2022 Tronox Holdings plc announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Oct 26, 2022 Aankondiging • Aug 04
Tronox Holdings plc Declares Quarterly Dividend, Payable on September 16, 2022 Tronox Holdings plc announced that its Board of Directors declared a quarterly dividend of $0.125 per share. The dividend is payable on September 16, 2022 to shareholders of record at the close of business on August 15, 2022. Aankondiging • Jul 29
Tronox Holdings plc Provides Sales Guidance for the Third Quarter of 2022 Tronox Holdings plc provided sales guidance for the third quarter of 2022. For the period, the company expects TiO2volumes expected to be relatively flat sequentially. Reported Earnings • Jul 28
Second quarter 2022 earnings released: EPS: US$2.41 (vs US$0.47 in 2Q 2021) Second quarter 2022 results: EPS: US$2.41 (up from US$0.47 in 2Q 2021). Revenue: US$945.0m (up 1.9% from 2Q 2021). Net income: US$375.0m (up 414% from 2Q 2021). Profit margin: 40% (up from 7.9% in 2Q 2021). Over the next year, revenue is forecast to grow 10%, compared to a 7.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 14
Tronox Holdings plc to Report Q2, 2022 Results on Jul 27, 2022 Tronox Holdings plc announced that they will report Q2, 2022 results After-Market on Jul 27, 2022 Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €15.10, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Chemicals industry in Germany. Total returns to shareholders of 64% over the past three years. Board Change • May 31
High number of new directors Co-CEO & Director John Romano was the last director to join the board, commencing their role in 2021. Recent Insider Transactions • May 18
Independent Director recently sold €184k worth of stock On the 13th of May, Vanessa Guthrie sold around 11k shares on-market at roughly €16.39 per share. In the last 3 months, there was an even bigger sale from another insider worth €1.6m. Insiders have been net sellers, collectively disposing of €7.6m more than they bought in the last 12 months. Aankondiging • May 13
Tronox Holdings plc Declares Quarterly Dividend, Payable on June 24, 2022 Tronox Holdings plc announced that its Board of Directors declared a quarterly dividend of $0.125 per share. The dividend is payable on June 24, 2022 to shareholders of record at the close of business on May 23, 2022. Recent Insider Transactions • May 06
Senior VP & CFO recently bought €87k worth of stock On the 4th of May, Timothy Carlson bought around 5k shares on-market at roughly €17.35 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Timothy has been a net seller over the last 12 months, reducing personal holdings by €923k. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: US$0.10 (vs US$0.13 in 1Q 2021) First quarter 2022 results: EPS: US$0.10 (down from US$0.13 in 1Q 2021). Revenue: US$965.0m (up 8.3% from 1Q 2021). Net income: US$16.0m (down 16% from 1Q 2021). Profit margin: 1.7% (down from 2.1% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 9.0%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new directors Co-CEO & Director John Romano was the last director to join the board, commencing their role in 2021. Aankondiging • Apr 26
Venator Materials plc Receives $85 Million Cash in Settlement with Tronox Venator Materials PLC announced that it received $85 million in cash from Tronox pursuant to its settlement agreement with Tronox related to the recent Superior Court of Delaware judgement in favor of Venator for $75 million. The settlement amount of $85 million includes an additional $10 million of value representing a negotiated amount of interest originating from 2019 when conditions were met that required Tronox to pay a $75 million "Break Fee" to Venator. The settlement agreement resolves all legal disputes between the parties contested in the Superior Court of Delaware. Aankondiging • Mar 31
Tronox Holdings plc, Annual General Meeting, May 12, 2022 Tronox Holdings plc, Annual General Meeting, May 12, 2022, at 10:00 Eastern Daylight. Location: 263 tresser boulevard, suite 1100 Stamford Connecticut United States Agenda: To consider election of each of the ten director nominees listed in the accompanying proxy statement by separate ordinary resolutions; to consider a non-binding advisory vote to approve executive compensation; to ratify the appointment of Pricewaterhousecoopers LLP (U.S.) as the company’s independent registered public accounting firm; to approve receipt of the company's U.K. audited annual report and accounts and related directors' and auditor's reports for the fiscal year ended December 31, 2021; to approve on a non-binding advisory basis the company's U.K. directors' remuneration report for the fiscal year ended December 31, 2021; and to consider other matters. Recent Insider Transactions • Mar 10
Insider recently sold €55k worth of stock On the 8th of March, Jonathan Flood sold around 4k shares on-market at roughly €14.81 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.6m more than they bought in the last 12 months. Aankondiging • Feb 24
Tronox Holdings plc Declares Quarterly Dividend, Payable on April 8, 2022 Tronox Holdings plc announced that its Board of Directors declared a quarterly dividend of $0.125 per share. The dividend is payable on April 8, 2022 to shareholders of record at the close of business on March 7, 2022. Reported Earnings • Feb 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$1.88 (down from US$6.76 in FY 2020). Revenue: US$3.57b (up 30% from FY 2020). Net income: US$286.0m (down 71% from FY 2020). Profit margin: 8.0% (down from 35% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 8.2%, compared to a 6.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 03
Tronox Holdings plc Announces Executive Changes Effective February 1, 2022, Jonathan Flood was named the Principal Accounting Officer of Tronox Holdings plc. Prior to such appointment, Mr. Flood was VP, Corporate Controller of the Company. Effective such date, Timothy C. Carlson, who was previously the Company's Senior Vice President, Chief Financial Officer and Principal Accounting Officer, remained as the Company's Senior Vice President and Chief Financial Officer.