TRONOX HOLDINGS Reports Second Quarter FY2023 Earnings Results for June 30 2023
July 29, 2023
🌥️Earnings Overview
On July 27 2023, TRONOX HOLDINGS ($NYSE:TROX) revealed its earnings results for the second quarter of FY2023, which concluded on June 30 2023. Total revenue for the quarter amounted to USD 794.0 million, representing a 16.0% decrease on the corresponding period in the previous year. Additionally, net income stood at USD -269.0 million in comparison to USD 375.0 million reported one year prior.
Market Price
The report revealed a mixed bag of results as it included both strong and weak results. The company’s stock opened at $13.7 and closed at $14.1, down by 4.9% from last closing price of 14.8. This could be attributed to the fact that the second quarter results were slightly below market expectations. Despite the disappointing results for the quarter, TRONOX HOLDINGS has a promising outlook for the future due to its strong market position and efforts to strengthen its operations.
It also remains committed to its strategies to drive growth and cost savings, including the integration of new technologies and initiatives to enhance efficiency. Going forward, investors will be hoping that TRONOX HOLDINGS will continue to deliver positive results in order to support its stock prices in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Tronox Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 3.05k | -140 | -4.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tronox Holdings. More…
| Operations | Investing | Financing |
| 434 | -359 | -15 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Tronox Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.05k | 3.97k | 13.02 |
Key Ratios Snapshot
Some of the financial key ratios for Tronox Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.3% | 13.8% | 11.1% |
| FCF Margin | ROE | ROA |
| 2.0% | 9.6% | 3.5% |
Analysis
At GoodWhale, we performed an analysis of TRONOX HOLDINGS wellbeing, and our Star Chart shows that they have a high health score of 7/10 with regards to their cashflows and debt. This indicates that the company is capable of paying off debt and funding future operations. Our analysis also classifies TRONOX HOLDINGS as a ‘cow’, which we conclude is a type of company with a track record of paying out consistent and sustainable dividends. Given their strong dividend and medium asset, growth, and profitability scores, this company may be of interest to investors who are looking for steady returns. TRONOX HOLDINGS could be a great choice for those who are looking for a consistent and reliable return on their investment. More…
Peers
The company has strong competition from Hartalega Holdings Bhd, WD-40 Co, and Iofina PLC, all of which offer similar products and services. Despite the strong competition, Tronox Holdings PLC has managed to remain a leader in its industry thanks to its commitment to innovation and customer service.
– Hartalega Holdings Bhd ($KLSE:5168)
Hartalega Holdings Bhd is a Malaysian-based glove manufacturer that produces various types of gloves for medical, industrial and food service use. As of 2023, the company has a market capitalization of 5.33 billion and a Return on Equity (ROE) of 9.26%, indicating that the company is generating a good return on its investments. The company has been able to achieve such high returns due to its efficient operations, management and sales strategies. Its ability to remain competitive in the market has made it one of the leading glove manufacturers in Malaysia.
– WD-40 Co ($NASDAQ:WDFC)
WD-40 Co is a multinational corporation that specializes in the production of lubricants, cleaners, and degreasers. It has a current market cap of 2.37 billion, making it one of the largest publicly traded companies in its industry. WD-40 Co’s return on equity over the last year has been 26.96%, indicating that the company is efficiently utilizing its assets to generate a return on investment. This high return on equity and sizable market cap are indicative of WD-40 Co’s strong and profitable operations.
– Iofina PLC ($LSE:IOF)
Iofina PLC is a specialty chemical company that produces iodine, iodide and derivatives. The company has a market capitalization of 47.01M as of 2023 and a return on equity of 9.17%. This market capitalization indicates that the company has a large presence in the market, and a return on equity of 9.17% shows that it is making a good return on its investments. The company is well-positioned to continue to grow and expand its business.
Summary
TRONOX HOLDINGS recently reported their second quarter earnings for FY 2023, ending on June 30 2023. Total revenue decreased by 16% compared to the previous year, resulting in reported net income of -269 million dollars. This was a significant drop from the 375 million dollars reported in the prior year. The stock price dropped following the news of the earnings results.
Investors should cautiously consider the current performance of the company as well as its potential for long-term growth before deciding to invest in TRONOX HOLDINGS. It is important to weigh all options and evaluate the potential risks against the potential rewards of investing in the company.
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