Chemours Co Stock Price, News & Analysis

The Chemours Company (NYSE: CC) will release its fourth quarter 2021 financial results on February 10, 2022, after market close. A webcast conference call is scheduled for February 11, 2022, at 8:30 a.m. EST, accessible to the public through live webcast and teleconference. Chemours is a global leader in Titanium Technologies and other chemical solutions, serving approximately 3,300 customers worldwide. The company is headquartered in Wilmington, Delaware, and has about 6,500 employees across 30 manufacturing sites.

The Chemours Company (NYSE: CC) has completed the sale of its Mining Solutions business to Draslovka Holding for $521 million. This strategic move aligns with Chemours' focus on sustainable growth in its key business sectors, aiming to enhance its balance sheet and long-term shareholder value. President and CEO Mark Newman emphasized that this transaction supports their ongoing transformational strategies and financial flexibility. Chemours is committed to disciplined capital allocation, continuing to build value across its three primary business areas.

The Chemours Company (NYSE: CC) has launched Glyclean™ D, a broad-spectrum disinfectant registered with the U.S. EPA to deactivate SARS-CoV-2 and other pathogens. This product, comprising 70% glycolic acid, is biodegradable and less corrosive than traditional disinfectants like bleach. The launch reflects Chemours' commitment to innovation, aiming to meet cleaning needs across North America, Europe, the Middle East, Asia, and Latin America. The company operates approximately 30 manufacturing sites and serves about 3,300 customers globally.

The Chemours Company (NYSE: CC) announced the opening of a new facility in El Dorado, Arkansas, to produce Opteon™ 1150, a low global warming potential hydrofluoroolefin (HFO). Production is set to commence before the January 2022 phase-down of CO₂ equivalents mandated by the American Innovation and Manufacturing Act. Opteon™ 1150 enhances Chemours' portfolio of environmentally sustainable foam blowing agents, contributing to various industries including refrigeration and aerosol products. The company aims to meet increasing global demand for low GWP solutions while ensuring high performance.

The Chemours Company (NYSE: CC) launched the Chemours Future of Engineering, Science, Trades and Technology (ChemFEST) program to support STEM education in under-resourced middle schools globally. With a commitment of $50 million towards community investment, Chemours will provide multi-year financial support to selected schools, starting with EastSide Charter School and Serviam Girls Academy in Wilmington, Delaware. Initiatives include $4 million for a new STEM facility and a $250,000 STEM Discovery Capstone Program, aiming to inspire a diverse future STEM workforce in light of over 800,000 expected job openings in the field.

The Chemours Company (NYSE: CC) reported a strong financial performance for Q3 2021, with net sales of $1.7 billion, up 36% year-over-year. Net income reached $214 million, or $1.27 EPS, marking an $0.81 increase from the prior year. Adjusted EBITDA rose 77% to $372 million, contributing to free cash flow of $244 million. The company also announced a quarterly dividend of $0.25 per share. Revised guidance for 2021 includes adjusted EBITDA between $1.3 billion and $1.34 billion, reflecting ongoing strong demand and pricing trends, despite challenges in raw material availability.

The Chemours Company (NYSE: CC) has appointed Dawn L. Farrell as Chairperson of the Board of Directors, effective January 1, 2022. Farrell, the current Lead Independent Director, has been with the board since its inception and has extensive experience in the energy sector. Mark Vergnano, the current chairman, will remain a board member. President and CEO Mark Newman expressed confidence in Farrell's leadership and continued collaboration. Chemours is a leader in various chemical markets with around 6,500 employees and operates in about 120 countries.