Tronox Q3 adjusted EPS -$0.34 vs. estimate of -$0.20
TROX•Tronox reported third-quarter adjusted EPS of -$0.34, below the -$0.20 estimate. Revenue was $827 million, while adjusted EBITDA was $101 million; the company forecast fourth-quarter adjusted EBITDA of $80 million to $90 million.
1. Quarterly results
Tronox reported third-quarter revenue of $827 million, below the $837.3 million estimate. Net income was a loss of $55 million, and income from operations was $12 million.
2. EBITDA and outlook
Adjusted EBITDA was $101 million, compared with the $100.2 million estimate, and the adjusted EBITDA margin was 12.2%. Tronox forecast fourth-quarter adjusted EBITDA of $80 million to $90 million, below the $93.9 million estimate.
