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Chemical Week Magazine :: Business & Finance :: United States/Americas
Tronox Expects Weaker Results, Announces Stock Repurchase
9:14 AM MDT | July 6, 2012 | —Lindsey Bewley
Tronox says it expects second-quarter Ebitda to be about 20% lower sequentially than first-quarter 2012 Ebitda of $151 million, on higher ore costs running more than $600/m.t. above that of the first quarter. “These added costs are not expected to be fully offset by the modestly higher average selling prices and essentially level sales volumes that the company is experiencing,” says Tom Casey, chairman and CEO of Tronox. “In light of these sales trends and in order to control inventory levels, we have slowed production at our pigment plants...
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