Tronox Holdings plc Files Q2 2024 10-Q
Ticker: TROX · Form: 10-Q · Filed: Aug 2, 2024 · CIK: 1530804
| Field | Detail |
|---|---|
| Company | Tronox Holdings PLC (TROX) |
| Form Type | 10-Q |
| Filed Date | Aug 2, 2024 |
| Risk Level | low |
| Pages | 17 |
| Reading Time | 20 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, chemicals
TL;DR
Tronox Q2 10-Q is in. Financials and business segments detailed.
AI Summary
Tronox Holdings plc filed its 10-Q for the period ending June 30, 2024. The filing covers the second quarter and the first half of the fiscal year. Key financial data and business segments are detailed, with the company's primary business being industrial inorganic chemicals.
Why It Matters
This filing provides investors and analysts with the latest financial performance and operational details for Tronox Holdings plc, crucial for understanding the company's current standing and future outlook.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing with no immediate red flags or significant new risks highlighted.
Key Numbers
- 2024 Q2 — Reporting Period (Second quarter of fiscal year 2024)
- 2024-06-30 — Period End Date (End date for the financial data presented)
- 2023-06-30 — Prior Year Period End (For comparison with the current year's Q2)
- 2023-12-31 — Prior Year End (End of the previous fiscal year)
Key Players & Entities
- Tronox Holdings plc (company) — Filer of the 10-Q
- 20240630 (date) — End of the reporting period
- 20240802 (date) — Filing date
- INDUSTRIAL INORGANIC CHEMICALS [2810] (industry) — Company's Standard Industrial Classification
FAQ
What is the primary business of Tronox Holdings plc?
Tronox Holdings plc is primarily involved in the business of Industrial Inorganic Chemicals, as indicated by its SIC code [2810].
What is the filing date of this 10-Q report?
This 10-Q report was filed on 20240802.
For what period is this 10-Q report filed?
This 10-Q report is for the period ending 20240630, covering the second quarter of fiscal year 2024.
What was the company's previous name?
The company's former name was Tronox Ltd, with a date of name change on 20110921.
What is the company's fiscal year end?
Tronox Holdings plc's fiscal year ends on 1231.
Filing Stats: 4,969 words · 20 min read · ~17 pages · Grade level 15.5 · Accepted 2024-08-02 10:51:54
Key Financial Figures
- $0.01 — registered Ordinary Shares, par value $0.01 per share New York Stock Exchange Tra
Filing Documents
- trox-20240630.htm (10-Q) — 1603KB
- exhibit101q2202410q.htm (EX-10.1) — 104KB
- exhibit311q2202410q.htm (EX-31.1) — 8KB
- exhibit312q2202410q.htm (EX-31.2) — 8KB
- exhibit321q2202410q.htm (EX-32.1) — 4KB
- exhibit322q2202410q.htm (EX-32.2) — 4KB
- 0001530804-24-000049.txt ( ) — 9287KB
- trox-20240630.xsd (EX-101.SCH) — 59KB
- trox-20240630_cal.xml (EX-101.CAL) — 76KB
- trox-20240630_def.xml (EX-101.DEF) — 342KB
- trox-20240630_lab.xml (EX-101.LAB) — 739KB
- trox-20240630_pre.xml (EX-101.PRE) — 580KB
- trox-20240630_htm.xml (XML) — 1443KB
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
Financial Statements (Unaudited)
Item 1. Financial Statements (Unaudited) 3
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 32
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 45
Controls and Procedures
Item 4. Controls and Procedures 46
– OTHER INFORMATION
PART II – OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 48
Risk Factors
Item 1A. Risk Factors 48
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 49
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 49
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 49
Other Information
Item 5. Other Information 49
Exhibits
Item 6. Exhibits 50
SIGNATURES
SIGNATURES 51 2 Table of Contents
Financial Statements (Unaudited)
Item 1. Financial Statements (Unaudited) Page No. Unaudited Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 30 , 2024 and 2023 4 Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss) for the Three and Six Months Ended June 30, 2024 and 2023 5 Unaudited Condensed Consolidated Balance Sheets at June 30 , 2024 and December 31, 2023 6 Unaudited Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30 , 2024 and 2023 7 Unaudited Condensed Consolidated Statement of Shareholders' Equity for the Three and Six Months Ended June 30 , 2024 and 2023 8 Notes to Unaudited Condensed Consolidated Financial Statements 10 3 Table of Contents TRONOX HOLDINGS PLC CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (Millions of U.S. dollars, except share and per share data) Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Net sales $ 820 $ 794 $ 1,594 $ 1,502 Cost of goods sold 670 637 1,324 1,212 Gross profit 150 157 270 290 Selling, general and administrative expenses 74 73 153 144 Income from operations 76 84 117 146 Interest expense ( 42 ) ( 38 ) ( 84 ) ( 71 ) Interest income 2 3 6 6 Other income, net 19 4 18 6 Income before income taxes 55 53 57 87 Income tax provision ( 45 ) ( 322 ) ( 56 ) ( 331 ) Net income (loss) 10 ( 269 ) 1 ( 244 ) Net (loss) income attributable to noncontrolling interest ( 6 ) — ( 6 ) 2 Net income (loss) attributable to Tronox Holdings plc $ 16 $ ( 269 ) $ 7 $ ( 246 ) Earnings (loss) per share: Basic $ 0.10 $ ( 1.72 ) $ 0.04 $ ( 1.58 ) Diluted $ 0.10 $ ( 1.72 ) $ 0.04 $ ( 1.58 ) Weighted average shares outstanding, basic (in thousands) 158,117 156,780 157,730 155,986 Weighted average shares outstanding, diluted (in thousands) 159,288 156,780 158,902 155,986 See accompanying notes to unaudited condensed consolidated financial statements. 4 Table of Contents TRONOX HOLDINGS PLC CONDENS