Tronox Holdings plc (NYSE:TROX) Q1 2024 Earnings Call Transcript

John Srivisal: Yes —

John Romano: North of a $100 million.

John Srivisal: Yes, north $100 million. Frankly, it will depend. It will be — yes, well north of $100 million. I think ultimately it will depend on the size and scope of the recovery because a big part of it is selling down that inventory in excess of your production levels. And secondly, ultimately, if you — if raw materials do turn, it depends how significant that does turn and how costs revert back to more normalized levels.

John Romano: And we’re not suggesting we’re going to get that in 2024. It’s going to be over a longer period of time, but we should be able to recover north of $100 million of that.

Operator: And at this time, Mr. Romano, we have no further questions. Please proceed, sir.

John Romano: Okay. Well, thank you, and thank you all for joining us today. Look, we’re very confident that our vertical integration strategy, as we’ve talked about at length, will continue to provide a competitive advantage for Tronox. We’re optimistic about the short, the medium and long-term potential for Tronox and the value that we continue to create through what we’re kind of referring to as our leading sustainable mining and upgrading solutions. So with that, we appreciate your time, and thank you for your support and interest in Tronox. Have a great day.

Operator: Thank you, sir. Ladies and gentlemen, this does indeed conclude your conference call for today. Once again, thank you for attending. And at this time, we do ask that you please disconnect your lines. Enjoy the rest of your day.