Overview Financials News + Filings Key Docs Charts Ownership Insiders
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| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| | 20-F | 20-F | 20-F | 10-K | 10-K | 10-K | 10-K | S-1 |
| Revenues: |
| Titanium Dioxide | 1,665 | 1,431 | 1,614 | 1,666 | 1,604 | 1,554 | 1,584 | 1,411 |
| Performance Additives | 547 | 507 | 516 | 599 | 605 | 585 | 578 | 138 |
| Italy | 129 | 101 | 111 | 126 | 126 | 130 | 117 | 95 |
| France | 83 | 76 | 78 | 89 | 94 | 98 | 94 | 83 |
| Total revenues | 2,212 | 1,938 | 2,130 | 2,265 | 2,209 | 2,139 | 2,162 | 1,549 |
| Revenue growth [+] | 14.1% | -9.0% | -6.0% | 2.5% | 3.3% | -1.1% | 39.6% | |
| Titanium Dioxide | 16.4% | -11.3% | -3.1% | 3.9% | 3.2% | -1.9% | 12.3% | |
| Performance Additives | 7.9% | -1.7% | -13.9% | -1.0% | 3.4% | 1.2% | 318.8% | |
| Italy | 27.7% | -9.0% | -11.9% | 0.0% | -3.1% | 11.1% | 23.2% | |
| France | 9.2% | -2.6% | -12.4% | -5.3% | -4.1% | 4.3% | 13.3% | |
| Cost of goods sold | 2,020 | 1,778 | 1,892 | 1,550 | 1,744 | 1,989 | 2,046 | 1,483 |
| Gross profit | 192 | 160 | 238 | 715 | 465 | 150 | 116 | 66 |
| Gross margin | 8.7% | 8.3% | 11.2% | 31.6% | 21.1% | 7.0% | 5.4% | 4.3% |
| Selling, general and administrative | 155 | 156 | 182 | 212 | 216 | 221 | 263 | 182 |
| Other operating expenses | 27 | 14 | 10 | 6 | 62 | -10 | 219 | 70 |
| EBITDA [+] | 129 | 104 | 156 | 629 | 314 | 53 | -266 | -99 |
| EBITDA growth | 24.0% | -33.3% | -75.2% | 100.3% | 492.5% | -119.9% | 168.7% | |
| EBITDA margin | 5.8% | 5.4% | 7.3% | 27.8% | 14.2% | 2.5% | -12.3% | -6.4% |
| Depreciation | 113 | 110 | 106 | 129 | 124 | 110 | 99 | 84 |
| EBITA | 16 | -6 | 50 | 500 | 190 | -57 | -365 | -183 |
| EBITA margin | 0.7% | -0.3% | 2.3% | 22.1% | 8.6% | -2.7% | -16.9% | -11.8% |
| Amortization of intangibles | 6 | 4 | 4 | 3 | 3 | 4 | 1 | 3 |
| EBIT [+] | 10 | -10 | 46 | 497 | 187 | -61 | -366 | -186 |
| EBIT growth | -200.0% | -121.7% | -90.7% | 165.8% | -406.6% | -83.3% | 96.8% | |
| EBIT margin | 0.5% | -0.5% | 2.2% | 21.9% | 8.5% | -2.9% | -16.9% | -12.0% |
| Non-recurring items [+] | 68 | 58 | 33 | 628 | | | | |
| Asset impairment | 68 | 58 | 33 | 628 | | | | |
| Interest expense, net [+] | 59 | 52 | 41 | 40 | 40 | 44 | 30 | 2 |
| Interest expense | 71 | 64 | 53 | 53 | 100 | 59 | 52 | 25 |
| Interest income | 12 | 12 | 12 | 13 | 60 | 15 | 22 | 23 |
| Other income (expense), net [+] | 12 | 27 | 8 | 6 | 39 | -3 | | -1 |
| Other non-ooperating expenses | | | | | | | | -1 |
| Other | 12 | 27 | 8 | 6 | 39 | -3 | | 1 |
| Pre-tax income | -105 | -93 | -20 | -165 | 186 | -108 | -396 | -189 |
| Income taxes | -31 | 12 | 150 | -8 | 50 | -23 | -34 | -18 |
| Tax rate | 29.5% | | | 4.8% | 26.9% | 21.3% | 8.6% | 9.5% |
| Minority interest | -3 | -7 | -5 | -6 | 10 | -10 | -7 | -2 |
| Earnings from continuing ops | -77 | -112 | -175 | -163 | 126 | -95 | -369 | -173 |
| Earnings from discontinued ops | | | | | 8 | 8 | 10 | 9 |
| Net income | -77 | -112 | -175 | -163 | 134 | -87 | -359 | -164 |
| Net margin | -3.5% | -5.8% | -8.2% | -7.2% | 6.1% | -4.1% | -16.6% | -10.6% |
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| Basic EPS [+] | ($0.72) | ($1.05) | ($1.64) | ($1.53) | $1.19 | ($0.89) | ($3.47) | ($1.63) |
| Growth | -31.6% | -36.1% | 7.3% | -229.2% | -232.6% | -74.3% | 113.3% | |
| Diluted EPS [+] | ($0.72) | ($1.05) | ($1.64) | ($1.53) | $1.18 | ($0.89) | ($3.47) | ($1.63) |
| Growth | -31.6% | -36.1% | 7.6% | -229.4% | -232.1% | -74.3% | 113.3% | |
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| Shares outstanding (basic) [+] | 107 | 107 | 107 | 106 | 106 | 106 | 106 | 106 |
| Growth | 0.5% | 0.2% | 0.1% | 0.1% | 0.0% | 0.0% | 0.0% | |
| Shares outstanding (diluted) [+] | 107 | 107 | 107 | 107 | 107 | 106 | 106 | 106 |
| Growth | 0.5% | 0.2% | -0.2% | 0.0% | 0.4% | 0.0% | 0.0% | |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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