VNTR - Venator Materials reports mixed Q4 earnings; issues FY23 capex outlook
- Venator Materials press release ( NYSE: VNTR ): Q4 Non-GAAP EPS of -$0.20 beats by $0.34 .
- Revenue of $366M (-31.6% Y/Y) misses by $8.7M .
- Adjusted EBITDA of -$57M compared to $40M in the prior year period.
- Net cash used in operating activities was -$27M and free cash flow was -$48M.
- Capital expenditures totaled $21 million in the fourth quarter of 2022 and $69 million in the full year 2022.
- "We expect capital expenditures in 2023 to total approximately $55 to $60 million."
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Venator Materials reports mixed Q4 earnings; issues FY23 capex outlook