Venator Materials PLC

NYSE:VNTR  
0.59
-0.03 (-4.84%)
Divestitures / Spin-offs, Earnings Announcements

Venator Signs Agreement To Sell Its Iron Oxide Business

Published: 11/14/2022 12:12 GMT
Venator Materials PLC (VNTR) - Venator Announces Third Quarter 2022 Results and Signs Agreement to Sell Its Iron Oxide Business.
Q3 Adjusted Loss per Share $0.33.
Q3 Loss per Share $0.46.
Venator Materials - Agreement to Divest Iron Oxide Business From Within Color Pigments Business to Cathay Industries for Enterprise Value of $140 Million.
Qtrly Revenues $506 Million Versus $557 Million.
Q3 Earnings per Share View $-0.02, Revenue View $565.7 Million -- Refinitiv Ibes Data (analyst estimates).
Implementing Cost Reduction Measures That We Expect to Deliver $50 Million in Annualized Savings by End of 2024.
Revenue is expected to be $400.58 Million
Adjusted EPS is expected to be -$0.33

Next Quarter Revenue Guidance is expected to be $454.7 Million
Next Quarter EPS Guidance is expected to be -$0.23

More details on our Analysts Page.