The Chemours Co

CC

Equity

ISIN US1638511089 / Valor 28467212

New York Stock Exchange, Inc (2024-12-24)

USD 17.54%

The Chemours Co
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About company

The Chemours Co is a global chemistry company that offers a wide range of solutions for various industries such as automotive, paints, laminates, electronics, construction, energy, and telecommunications. The company is focused on creating a better world through the power of its chemistry, with a world-class portfolio of products and services.

Summarized from source with an LLMView SourceSector: Industrials

Net Sales

The Chemours Co reported net sales of $1.538 billion for the second quarter of 2024, a decrease from $1.643 billion in the same quarter of the previous year. This represents a year-over-year decline of $105 million.

Net Income

For the second quarter of 2024, The Chemours Co achieved a net income of $70 million, a significant improvement compared to a net loss of $376 million in the second quarter of 2023. This marks a positive turnaround of $446 million year-over-year.

Adjusted EBITDA

The Chemours Co reported an adjusted EBITDA of $206 million for Q2 2024, down from $324 million in Q2 2023. This represents a year-over-year decrease of $118 million, reflecting various market and operational challenges.

Earnings Per Share (EPS)

The Chemours Co's earnings per share (EPS) for the second quarter of 2024 was $0.46, a substantial increase from a loss of $2.52 per share in the same quarter of the previous year. Adjusted EPS for Q2 2024 was $0.38, down from $1.10 in Q2 2023.

Volume Growth

In the second quarter of 2024, The Chemours Co experienced a 16% sequential volume growth in its Thermal & Specialized Solutions (TT) segment, despite disruptions at its Altamira, Mexico facility. This growth was driven by strong adoption of Opteon Refrigerants, which saw double-digit year-over-year growth.

Summarized from source with an LLMView Source

Key figures

-44.8%1Y

-44.7%3Y

-4.67%5Y

Performance

63.1%1Y

53.5%3Y

60.4%5Y

Volatility