WILMINGTON, Del.--(BUSINESS WIRE)--The Board of Directors of The Chemours Company (“Chemours” or “the Company”) (NYSE: CC) has appointed Denise Dignam as the Interim Chief Executive Officer and Matt Abbott as the Interim Chief Financial Officer (principal financial and accounting officer). Ms. Dignam joined Chemours in 2015 and has served as our President – Titanium Technologies since March 2023 and previously served as our President – Advanced Performance Materials from 2021 to 2023. She previously serv ...

WILMINGTON, Del.--(BUSINESS WIRE)--The Chemours Company (Chemours) (NYSE: CC), a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, today announces two upcoming changes to its Board of Directors. Director Sandra Phillips Rogers has announced her decision not to stand for reelection and will serve out the remainder of her current term. Pamela Fletcher will join the Chemours Board as a director, effective March ...

OAKLAND, Calif.--(BUSINESS WIRE)--Shares of The Chemours Company (“Chemours”) dropped over 12% in intraday trading on February 14, 2024, after announcing it is evaluating its internal control over financial reporting and postponing its fourth quarter and full year 2023 financial results. Gibbs Law Group is investigating a potential Chemours Company Securities Class Action Lawsuit on behalf of shareholders who lost money in The Chemours Company (NYSE: CC). What Should Chemours Company Investors Do? If yo ...

BOSTON, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Chemours Co. (NYSE:CC) for potential securities law violations. Investors who have lost money in their Chemours Co. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/cc. What is this all about? After the market close on February 13, 2024, Chemours Co. announced that it would be delaying the release of Q4 and full year 2023 financial r ...

Chemours Co.’s stock dropped more than 4% in the extended session Tuesday after the chemicals company delayed its quarterly financial results, saying it “needs additional time.” Chemours CC, -2.21% was scheduled to update Wall Street on its fourth quarter on Wednesday, with a conference call with analysts slated for Thursday. Chemours moved the earnings date to Feb. 28 after the close and moved the conference call for Feb. 29. Chemours said the delays happened because it “needs additional time to compl ...

ATHENS, Ga.--(BUSINESS WIRE)--The Chemours Company (“Chemours”) (NYSE: CC), a global company committed to making its chemistry as responsible as it is essential, and the Georgia 4-H Foundation, a unit of the University of Georgia College of Agricultural and Environmental Sciences Cooperative Extension Service and the premier youth leadership organization in the state of Georgia, have announced a partnership to provide environmental education and leadership learning to youth. Through Chemours’ Vibrant Com ...

WILMINGTON, Del.--(BUSINESS WIRE)--The Chemours Company (“Chemours”) (NYSE: CC), a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, today announced the winners of its 2023 Responsible Supplier Awards. Chemours’ annual Responsible Supplier Award acknowledges the companies that have distinguished themselves by driving quality, innovation, and sustainability improvements across Chemours’ supply chain. Four Res ...

Financial Data and Key Metrics - The company achieved double-digit growth year-to-date of 11% in its performance solutions business, despite demand weakness in advanced materials [5] - The TSS business delivered another record net sales, marking the seventh consecutive quarterly net sales record [12] - The company expects a $100 million improvement in TT earnings profile into 2024, driven by cost savings and transformation efforts [56][82] Business Line Performance - The APM business saw demand weakness in advanced materials but remains tied to long-term secular gains in advanced electronics and clean energy [5] - The TT business experienced volume weakness, with demand deterioration starting in late Q3 2022, but signs of deceleration in demand reduction are emerging [8][76] - The TSS business is poised for growth with the adoption of Opteon and the upcoming commercialization of immersion cooling technology in 2025 [12][22] Market Performance - The company is seeing green shoots in Asia Pacific inventory levels, indicating potential recovery in the region [63] - The TT business is expected to see flat to slightly down volumes in Q4, which is typically a weaker quarter for TT [47] Strategic Direction and Industry Competition - The company is focused on driving cost reductions in TT, growing TSS, and expanding APM in high-value markets like advanced electronics and hydrogen [43] - The company is committed to being the lowest-cost and most competitive TiO2 producer globally, with a $100 million cost savings target for 2024 [36][56] - The immersion cooling market represents a significant growth opportunity, with an estimated $2 billion to $3 billion addressable market by 2030 [32] Management Commentary on Operating Environment and Future Outlook - Management highlighted the challenging environment in 2023 but remains focused on long-term shareholder value and improvements across its businesses [33] - The company expects meaningful growth in HFO volumes in 2024, driven by OEM adoption [16] - The company is optimistic about the long-term secular growth in both TSS and APM, despite near-term challenges [70] Other Important Information - The company is working on product registration for its immersion cooling technology, with commercialization planned for 2025 [22] - The company is addressing permitting delays at its Washington Works Plant, which impacted Q3 growth in performance solutions, with expectations of resolution by early 2024 [57] Q&A Session Summary Question: TT Business Demand Weakness - The company explained that the demand weakness in TT is decelerating, with indications of regaining demand in the AP order book [8] Question: HFO Step Down and HFC Volumes - The company noted higher HFC pricing in Q4, indicating increasing interest in HFCs ahead of the step down, with expectations of continued ramp-up in HFO volumes in 2024 [13][16] Question: TT Margins and Cost Curve - The company acknowledged compressed margins in TT but highlighted efforts to drive down both variable and fixed costs, with expectations of margin expansion in 2024 [24][49] Question: Data Center Cooling Opportunity - The company discussed the significant potential of the immersion cooling market, with estimates of a $2 billion to $3 billion addressable market by 2030 [32][62] Question: TT Productivity Program and Data Center Cooling CapEx - The company outlined its cost-saving initiatives in TT, with $100 million in savings expected in 2024, and discussed the phased approach to capital expenditure for immersion cooling technology [25][75] Question: TiO2 Market Trends - The company noted prolonged destocking in TiO2 markets but sees green shoots in Asia Pacific, with expectations of a cyclical turn in the future [63] Question: TSS Business and Equipment Changes - The company expects growth in TSS in 2024, driven by equipment transitions and adoption of new technologies [71] Question: Input Cost Reductions - The company highlighted reductions in input costs and ongoing efforts to optimize manufacturing costs across its operations [60][79]

Adjusted EBITDA 2023 Guidance – Update of Earnings and Cash Metrics Adjusted Free Cash Flow guidance reflects ~$400 million in capital expenditures, re-affirming our commitment to sustainability-led growth in TSS and APM Core drivers of capital expenditures are attributed to the following o ~$200 million of growth capex (TSS: Opteon™ expansion; APM: Nafion™ expansion, semicon PFA expansion) o ~$200 million of run and maintain and sustainability capex 1 Subject to risks, uncertainties and assumptions, all of ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------------------------------------|-----------------------|--------|-------------------------------|-------|-------|--------------------------------|--------|---------------|-------|-----------------------|---------|-------|--------| | Nine Months Ended September 30, 2023 Employee separation charges: | Titanium Technologies | | Thermal Specialized Solutions | & | | Advanced P ...