---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-035275"
form_type: "8-K"
ticker: "CC"
cik: "0001627223"
company_name: "Chemours Co"
filed_at: "2023-07-28T23:59:59+00:00"
generated_at: "2026-06-12T23:04:22.785534+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Chemours Q2 net loss of $376M; guides FY Adjusted EBITDA down 9%; to close TiO2 plant in Taiwan

## Summary
- Q2 Net Sales $1.6B (-14% YoY); Net Loss $(376)M, EPS $(2.52); Adjusted EPS $1.10.
- FY 2023 Adjusted EBITDA guidance reduced to $1.100B–$1.175B (down 9% at midpoint); FCF guidance >$325M.
- Closure of Kuan Yin TiO2 plant effective Aug 1; expects $150M–$160M pre-tax charges in Q3, plus $25M–$45M decommissioning.
- PFAS settlement: Chemours’ share $592M; agreed to sell Glycolic Acid business for $137M.

## SEC filing metadata
- accession: 0000950170-23-035275
- form_type: 8-K
- ticker: CC
- cik: 0001627223
- company_name: Chemours Co
- filed_at: 2023-07-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 2.05, 2.06, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1627223/000095017023035275/0000950170-23-035275-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1627223/000095017023035275/cc-20230726.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-035275
- JSON: https://secwatch.observer/filing/0000950170-23-035275.json
- Plain text: https://secwatch.observer/filing/0000950170-23-035275.txt

## Key facts
- Earnings Releases
  Chemours Co reported second quarter 2023 results: revenue $1.6 billion, net income Net Loss of $(376) million with EPS of $(2.52), EPS $(2.52). Guidance lowered.
  - Period: second quarter 2023
  - Revenue: $1.6 billion
  - Net income: Net Loss of $(376) million with EPS of $(2.52)
  - EPS: $(2.52)
  - Guidance: lowered
  - Result: reported results
  source text: quarter 2023 paired with the announcement of the closing of the Kuan Yin, Taiwan titanium dioxide manufacturing facility. Second Quarter 2023 Results & Highlights • Net Sales of $1.6 billion • Net Loss of $(376) million with EPS 1 of $(2.52) • Adjusted Net Income 2 of $167 million with Adjusted EPS 2 of $1.10 • Adjusted EBITDA 2 of $324 million and Free Cash Flow of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1627223/000095017023035275/0000950170-23-035275-index.htm
- Restructurings & Charges
  Chemours Co announced a restructuring with charges of approximately $150 million to $160 million affecting Titanium Technologies segment manufacturing site in Kuan Yin, Taiwan.
  - Type: restructuring
  - Charge: approximately $150 million to $160 million
  - Affected area: Titanium Technologies segment manufacturing site in Kuan Yin, Taiwan
  source text: As a result, in the third quarter 2023, the Company expects to record pre-tax asset-related impairment, restructuring, and other charges in the range of approximately $150 million to $160 million, comprised primarily of non-cash charges of approximately $130 million related to property, plant and equipment, inventory and other assets, and cash charges
  evidence_url: https://www.sec.gov/Archives/edgar/data/1627223/000095017023035275/0000950170-23-035275-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.