earnings
confidence high
sentiment neutral
materiality 0.70
Chemours Q3 net loss $27M on $56M impairment; adjusted EPS $0.40; TSS Opteon sales up 21%
Chemours Co
2024-Q3 EPS reported
$0.63
revenue$4,388,000,000
- Net loss of $27M ($0.18/diluted share) due to $56M non-cash impairment of APM goodwill.
- Net sales $1.5B (+1% YoY); TSS record sales with Opteon refrigerants up 21% YoY.
- Adjusted EBITDA $208M vs $211M; TT segment Adjusted EBITDA up 23% YoY.
- Cash returned $38M in dividends; refreshed corporate strategy designed for sustainable growth.