Tronox Holdings plc
For the period ended Sep 30, 2024. Filed Oct 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 25, 2024
TROX$2.85+5.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 1. Financial Statements (Unaudited)
| PageNo. | |
|---|---|
| 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 Three 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 September 30, 2024 and 2023 | 7 |
| Unaudited Condensed Consolidated Statement of Shareholders’ Equity for the Three and Nine Months Ended September 30, 2024 and 2023 | 8 |
| Notes to Unaudited Condensed Consolidated Financial Statements | 10 |
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(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 |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(Millions of U.S. dollars)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net loss | $(25) | $(14) | $(24) | $(258) |
| Other comprehensive income (loss): | ||||
| Foreign currency translation adjustments | 76 | (27) | 49 | (70) |
| Pension and postretirement plans: | ||||
| Amortization of unrecognized actuarial loss, (net of tax benefit of nil in the three and nine months ended September 30, 2024 and 2023) | — | — | 1 | — |
| Total pension and postretirement gain (loss) | — | — | 1 | — |
| Realized (gains) losses on derivatives reclassified from accumulated other comprehensive loss to the Condensed Consolidated Statement of Operations (net of tax benefit of nil and less than $1 million in the three months ended September 30, 2024 and 2023, respectively, and net of tax benefit of nil and $3 million in the nine months ended September 30, 2024 and 2023, respectively) | (2) | (1) | (5) | 3 |
| Unrealized (losses) gains on derivative financial instruments, (net of tax benefit of $1 million and less than $1 million for the three months ended September 30, 2024 and 2023, respectively, and net of tax benefit of $1 million and $1 million for the nine months ended September 30, 2024 and 2023, respectively) - See Note 12 | (20) | 8 | (11) | 11 |
| Other comprehensive income (loss) | 54 | (20) | 34 | (56) |
| Total comprehensive income (loss) | 29 | (34) | 10 | (314) |
| Comprehensive (loss) income attributable to noncontrolling interest: | ||||
| Net (loss) income | — | — | (6) | 2 |
| Foreign currency translation adjustments | — | (2) | (5) | 3 |
| Comprehensive (loss) income attributable to noncontrolling interest | — | (2) | (11) | 5 |
| Comprehensive income (loss) attributable to Tronox Holdings plc | $29 | $(32) | $21 | $(319) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.