Tronox Holdings plc Files Q3 2024 10-Q

TL;DR

Tronox Q3 10-Q filed. Financials for Sep 30, 2024, vs. Sep 30, 2023, are in.

AI Summary

Tronox Holdings plc filed its 10-Q for the period ending September 30, 2024. The filing covers the third quarter and the first nine months of the year, detailing financial performance and operational updates for the industrial inorganic chemicals company. Specific financial figures and operational metrics for the periods ending September 30, 2024, and September 30, 2023, are presented.

Why It Matters

This filing provides investors and analysts with the latest financial results and operational details for Tronox Holdings plc, crucial for understanding the company's performance in the industrial inorganic chemicals sector.

Risk Assessment

Risk Level: medium — As a 10-Q filing, it contains detailed financial information that could reveal performance trends or risks impacting the company's stock.

Key Numbers

• 2024-09-30 — Reporting Period End Date (This is the primary date for which financial data is reported in this 10-Q.)
• 2023-09-30 — Comparative Period End Date (Used to compare financial performance against the prior year's same period.)
• 2024-10-25 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• Tronox Holdings plc (company) — Filer of the 10-Q
• 2024-09-30 (date) — End of the reporting period
• 2024-10-25 (date) — Filing date
• 2023-09-30 (date) — Comparative reporting period

FAQ

Key Financial Figures

• $0.01 — registered Ordinary Shares, par value $0.01 per share New York Stock Exchange Tra

Filing Documents

• trox-20240930.htm (10-Q) — 1771KB
• exhibit311q3202410q.htm (EX-31.1) — 8KB
• exhibit312q3202410q.htm (EX-31.2) — 8KB
• exhibit321q3202410q.htm (EX-32.1) — 4KB
• exhibit322q3202410q.htm (EX-32.2) — 4KB
• 0001530804-24-000054.txt ( ) — 9840KB
• trox-20240930.xsd (EX-101.SCH) — 64KB
• trox-20240930_cal.xml (EX-101.CAL) — 79KB
• trox-20240930_def.xml (EX-101.DEF) — 367KB
• trox-20240930_lab.xml (EX-101.LAB) — 778KB
• trox-20240930_pre.xml (EX-101.PRE) — 607KB
• trox-20240930_htm.xml (XML) — 1566KB

– 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 34

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 49

Controls and Procedures

Item 4. Controls and Procedures 51

– OTHER INFORMATION

PART II – OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 53

Risk Factors

Item 1A. Risk Factors 53

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 54

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 54

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 54

Other Information

Item 5. Other Information 54

Exhibits

Item 6. Exhibits 55

SIGNATURES

SIGNATURES 56 2 Table of Contents

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) Page No. Unaudited Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2024 and 2023 4 Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss) for the Thr ee and Nine Months Ended September 30, 2024 and 2023 5 Unaudited Condensed Consolidated Balance Sheets at September 30, 2024 and December 31, 2023 6 Unaudited Condensed Consolidated Statements of Cash Flows for the Nine Months Ended Se ptember 30, 2024 and 2023 7 Unaudited Condensed Consolidated Statement of Shareholders' Equity for the Three and N ine Months Ended September 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net sales $ 804 $ 662 $ 2,398 $ 2,164 Cost of goods sold 676 568 2,000 1,780 Gross profit 128 94 398 384 Selling, general and administrative expenses 74 62 227 206 Income from operations 54 32 171 178 Interest expense ( 42 ) ( 42 ) ( 126 ) ( 113 ) Interest income 3 4 9 10 Loss on extinguishment of debt ( 3 ) — ( 3 ) — Other (expense) income, net ( 11 ) — 7 6 Income (Loss) before income taxes 1 ( 6 ) 58 81 Income tax provision ( 26 ) ( 8 ) ( 82 ) ( 339 ) Net loss ( 25 ) ( 14 ) ( 24 ) ( 258 ) Net (loss) income attributable to noncontrolling interest — — ( 6 ) 2 Net loss attributable to Tronox Holdings plc $ ( 25 ) $ ( 14 ) $ ( 18 ) $ ( 260 ) Loss per share: Basic $ ( 0.16 ) $ ( 0.09 ) $ ( 0.11 ) $ ( 1.66 ) Diluted $ ( 0.16 ) $ ( 0.09 ) $ ( 0.11 ) $ ( 1.66 ) Weighted average shares outstanding, basic (in thousands) 158,095 156,816 157,811 156,260 Weighted average shares outstanding, diluted (in thousands) 158,095 156,816 157,811 156,260 See accompanying notes to u

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View this 10-Q filing on SEC EDGAR