)
Overview
<ul>
<li>Titanium dioxide producer’s preliminary Q4 revenue rose 8% yr/yr, beating analyst expectations</li>
<li>Adjusted EBITDA for Q4 missed analyst estimates</li>
<li>Company to close Fuzhou plant in China, citing weak demand and rising costs</li>
</ul>
Outlook
<ul>
<li>Tronox expects TiO(2) prices to improve in Q1 2026 due to price increases</li>
<li>Company anticipates positive free cash flow in 2026</li>
<li>Tronox is assessing feasibility of rare earth processing facility in Australia</li>
</ul>
Result Drivers
<ul>
<li>PLANT CLOSURE - Tronox announced closure of Fuzhou plant due to weak demand and rising costs, particularly for sulfur</li>
<li>HIGHER VOLUMES - TiO2 and zircon volumes increased, with TiO2 volumes up 13% year-over-year, driven by higher volumes in India</li>
<li>PRICING PRESSURE - TiO2 and zircon pricing declined, with TiO2 prices down 8% year-over-year and zircon prices down 23%</li>
</ul>
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q4 Beat $730 mln $684.31
Revenue mln (8
Analysts
)
Q4 Net -$176
Income mln
Q4 Miss $57 mln $72.97
Adjusted mln (8
EBITDA Analysts
)
Analyst Coverage
<ul>
<li>The current average analyst rating on the shares is “hold” and the breakdown of recommendations is 4 “strong buy” or “buy”, 4 “hold” and 1 “sell” or “strong sell”</li>
<li>The average consensus recommendation for the specialty chemicals peer group is “buy.”</li>
<li>Wall Street’s median 12-month price target for Tronox Holdings PLC is $5.38, about 14.5% below its January 23 closing price of $6.29</li>
</ul>
Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Tronox Q4 prelim revenue beats; plans to close Fuzhou plant