Venator Materials sees Q4 adjusted EBITDA ($57M)-($62M)

Venator continued to experience challenging macro-economic conditions in the fourth quarter of 2022, including low consumer confidence, weak demand, record high energy prices and other inflationary costs. Venator expects to report fourth quarter TiO2 sales volumes to be approximately 28% lower than the third quarter of 2022 and approximately 44% lower than the same period in 2021. As a result, performance for the year is expected to be significantly below current market expectations, with estimated Adjusted EBITDA for fourth quarter of 2022 in the range of negative $57-62M.