Income Falls at Tronox on Costs Associated with Exxaro Mineral Sands Acquisition

Tronox reported first-quarter net income of $86.3 million, down 86% from the year-ago quarter, on costs associated with the pending acquisition of Exxaro Mineral Sands. Adjusted Ebitda was $151.4 million, up 64% from the first quarter of 2011, on strong sales in North America and a deceleration in destocking, the company says. Sales rose 16%, to $433.6 million, on improving volumes combined with higher prices.   “Our results reflect performance in a TiO2 market that had not yet fully recovered,” says Tom Casey, chairman and CEO of Tronox...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers