secwatch.observer — SEC 8-K summary
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Issuer:     Chemours Co (CC)
CIK:        0001627223
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0000950170-24-089310
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chemours Q2 net income $70M vs prior loss; adj EBITDA down 36%
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- Net sales $1.5B (-6% YoY); net income $70M ($0.46 diluted EPS) vs prior-year net loss $376M ($2.52 loss).
- Adjusted net income $57M ($0.38 diluted) and adjusted EBITDA $206M vs $324M in Q2 2023.
- Cash from ops -$620M includes $606M from restricted cash used for U.S. Water District Settlement (now complete).
- Received permit to expand Teflon™ PFA resin production for semiconductor manufacturing at APM.
- Appointed Shane Hostetter as new CFO, enhancing leadership with capital allocation expertise.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1627223/000095017024089310/0000950170-24-089310-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1627223/000095017024089310/cc-20240801.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-089310

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer