Sign in

    Roger Spitz • Bank of America

    Roger Spitz's questions to Methanex Corp (MEOH) leadership

    Roger Spitz's questions to Methanex Corp (MEOH) leadership • Q2 2025

    Question

    Roger Spitz asked how the OCI acquisition will impact Methanex's realized price discount to benchmark prices and whether widening discounts were due to shipping patterns.

    Answer

    President, CEO & Director Rich Sumner stated that while the average discount may increase due to OCI's Atlantic-based sales, this will be accompanied by higher overall price realizations and a more efficient supply chain. He clarified that widening discounts are driven more by increased competition in the Atlantic Basin rather than shipping logistics.

    Ask Fintool Equity Research AI

    Roger Spitz's questions to Tronox Holdings PLC (TROX) leadership

    Roger Spitz's questions to Tronox Holdings PLC (TROX) leadership • Q2 2025

    Question

    Roger Spitz from Bank of America, on for Olivia Key, asked for details on the new $50 million inventory financing facility and sought an explanation for the divergence between Tronox's volume performance and a competitor's pre-announced results.

    Answer

    CFO John Srivisal described the financing as a short-term, renewable facility that adds liquidity and is recorded under 'other liabilities,' not debt. CEO John Romano attributed Tronox's volume miss versus expectations to a muted U.S. coatings season and heightened competitive activity in Europe, which led to some share loss in the quarter.

    Ask Fintool Equity Research AI

    Roger Spitz's questions to Tronox Holdings PLC (TROX) leadership • Q1 2025

    Question

    Roger Spitz inquired whether the Botlek plant idling is a warm or cold shutdown and how difficult a restart would be. He also asked for a breakdown of 2024 cost of goods sold between mining and pigment operations.

    Answer

    CEO John Romano stated there is no plan to restart the Botlek asset, noting that chloride plants are typically not restarted after long-term shutdowns. CFO John Srivisal declined to provide a cost breakdown, explaining that the company views its operations on a fully integrated basis.

    Ask Fintool Equity Research AI

    Roger Spitz's questions to Tronox Holdings PLC (TROX) leadership • Q3 2024

    Question

    Roger Spitz of Bank of America asked why Tronox's TiO2 volumes were projected to grow 11-12% in a year when the global market is flat to slightly up, and which competitors might be losing share.

    Answer

    CEO John Romano attributed the outperformance to a successful commercial strategy of aligning with customers who are growing faster than the overall market. By focusing on these high-growth partners in key regions, Tronox can gain volume organically without resorting to price-based share grabs. He did not speculate on which specific competitors were losing share but emphasized their growth was tied to their customer alignment strategy.

    Ask Fintool Equity Research AI

    Roger Spitz's questions to Olin Corp (OLN) leadership

    Roger Spitz's questions to Olin Corp (OLN) leadership • Q2 2025

    Question

    Roger Spitz from Bank of America requested an update on Olin's plan to test the U.S. PVC market by tolling its VCM through a partner.

    Answer

    President and CEO Ken Lane reported that he is very encouraged by the team's progress, having secured a handful of customers and products with a long list of others in qualification. He reiterated that the long-term goal is to find the most capital-efficient way to maintain participation in the vinyls market by 2030, with all options, including commercial agreements and joint ventures, being considered.

    Ask Fintool Equity Research AI

    Roger Spitz's questions to Ardagh Metal Packaging SA (AMBP) leadership

    Roger Spitz's questions to Ardagh Metal Packaging SA (AMBP) leadership • Q3 2024

    Question

    Roger Spitz asked for specific full-year guidance on various cash flow items, including base CapEx, cash interest, taxes, and working capital, and sought confirmation on the use of proceeds from the recent term loan.

    Answer

    CFO Stefan Schellinger provided full-year estimates: working capital inflow of $40-$50 million, cash interest slightly below $200 million, cash taxes around $30 million, and base CapEx of $120 million. He confirmed the new term loan proceeds were used to pay down the ABL facility, a leverage-neutral transaction that strengthened liquidity.

    Ask Fintool Equity Research AI