Markets :: Basic Chemicals :: Inorganic Chemicals :: Titanium Dioxide
Tronox reports tighter net loss, stabilizing pigment market
10:05 AM MST | February 28, 2014 | Lindsay Frost
Tronox reports a net loss of $3 million, narrower than the $97 million loss reported in the same quarter last year. Earnings per share were at a loss of 6 cts/share—slightly above analyst estimates of a loss of 18 cts/share. Sales were $436 million, down 9% year-over-year (YOY). Tronox says results for the quarter reflect stabilizing global pigment market conditions. "Our fourth-quarter results provided a solid finish to 2013 and continued to reflect global pigment market conditions that began stabilizing earlier in the year,” says Tronox...
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