secwatch.observer — SEC 8-K summary
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Issuer:     Chemours Co (CC)
CIK:        0001627223
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0000950170-23-035275
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 2.05, 2.06, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1627223/000095017023035275/0000950170-23-035275-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1627223/000095017023035275/cc-20230726.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-035275

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