Delivered Adjusted EBITDA within the guided range despite softer market conditions

STAMFORD, Conn., Oct. 25, 2023 /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 September 30, 2023, as follows:

Third Quarter 2023 Financial Highlights:

• Produced revenue of $662 million, a 17% decrease compared to the prior quarter, or a 26% decrease compared to the prior year
• Generated income from operations of $32 million, and a net loss of $14 million; adjusted net loss was $12 million (non-GAAP)
• GAAP diluted EPS was $(0.09); adjusted diluted EPS was $(0.08) (non-GAAP)
• Delivered Adjusted EBITDA of $116 million and an Adjusted EBITDA margin of 17.5%, both within the guided range
• Invested $54 million in capital expenditures in the quarter
• Proactively reinforced balance sheet with $350 million incremental term loan raise in August, the proceeds of which were used to pay outstanding borrowings under existing revolving credit facilities and enhance available liquidity