Tronox Reports First Quarter 2026 Financial Results

STAMFORD, Conn., May 6, 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 March 31, 2026, as follows: First Quarter 2026 Financial Highlights: Revenue of $760 million, a 4% increase compared to the prior quarter and a 3% increase compared to the prior year Loss from operations of $41 million; Net loss attributable to Tronox of $103 million including $15 million of restructuring and other charges, net of taxes, primarily associated with the closure of the Company's Botlek and Fuzhou pigment plants; Adjusted net loss attributable to Tronox was $88 million (non-GAAP) GAAP diluted loss per share was $0.65; Adjusted diluted loss per share was $0.55 (non-GAAP) Adjusted EBITDA of $62 million; Adjusted EBITDA margin of 8.2% (non-GAAP) Capital expenditures of $67 million in the quarter Updated Outlook: Expect free cash flow to be positive in Q2 2026, largely offsetting Q1 cash use; Expect to deliver meaningful positive free cash flow for full year 2026 Expect Q2 2026 TiO2 volumes to increase sequentially in the high single-digit percentage range Expect Q2 2026 zircon volume levels to moderate slightly compared to Q1 TiO2 and zircon Q2 2026 volumes could be higher, depending on regional inventory availability TiO2 and zircon pricing both expected to improve sequentially in the mid-single-digit percentage range in Q2 2026 as a result of announced price increases and cost input-related surcharges Q2 2026 Adjusted EBITDA expected to be $65-$85 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, geopolitical, and industry-related conditions, global supply chain, and inflation-related challenges, among others.