Chemours posts Q4 net loss $97M; guides FY23 Adj. EBITDA $1.20-1.30B

Chemours Co

2022-FY EPS reported $3.65 revenue$6,794,000,000

Q4 net sales $1.3B down 15% YoY; net loss $97M ($0.65 loss per share) vs prior-year profit.
Full year 2022 net sales $6.8B +7%; adjusted EBITDA $1,361M +4%; free cash flow $447M.
Full year 2023 guidance: adjusted EBITDA $1.20-1.30B, adjusted EPS $3.80-4.29, FCF >$350M.
Board approved Q1 dividend $0.25 per share; $495M of stock repurchased in 2022.
Announced $200M Nafion expansion investment in Villers-St.-Paul, France.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Chemours Co reported fourth quarter 2022 results: revenue $1.3 billion, net income Net Loss of $(97) million, EPS $(0.65).

Period: fourth quarter 2022
Revenue: $1.3 billion
Net income: Net Loss of $(97) million
EPS: $(0.65)
Result: reported results

Exact text from the filing

billion in Free Cash Flow over the last three years • Repurchased $495 million of stock, including $144 million in Q4 Fourth Quarter 2022 Results & Highlights • Net Sales of $1.3 billion, down (15)% year-over-year • Net Loss of $(97) million with EPS of $(0.65), down $(2.05) year-over-year • Adjusted Net Income * of less than $1 million with Adjusted EPS * of

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Chemours Co reported Full Year 2023 results: EPS ~$3.80 and $4.29. Guidance initiated.

Period: Full Year 2023
EPS: ~$3.80 and $4.29
Guidance: initiated
Result: guidance update

Exact text from the filing

Full Year 2023 Outlook • Adjusted EBITDA * between $1.20 billion and $1.30 billion • Adjusted EPS * between ~$3.80 and $4.29

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Chemours Co reported full year 2022 results: revenue $6.8 billion, net income Net Income of $578 million, EPS $3.65.

Period: full year 2022
Revenue: $6.8 billion
Net income: Net Income of $578 million
EPS: $3.65
Result: reported results

Exact text from the filing

Specialized Solutions, and Advanced Performance Materials today announced its financial results for the fourth quarter and full year 2022. Full Year 2022 Results • Net Sales of $6.8 billion, up 7% year-over-year • Net Income of $578 million with EPS 1 of $3.65, up $0.05 year-over-year • Adjusted Net Income * of $738 million with Adjusted EPS * of $4.66, up $0.66

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Source: SEC EDGAR

accession 0000950170-23-002368

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