Chemours Co Stock Price, News & Analysis

The Chemours Company (NYSE: CC) reported impressive second quarter 2021 results with net sales of $1.7 billion, a 51% increase year-over-year. The net income stood at $66 million with an EPS of $0.39. Adjusted net income soared to $205 million and adjusted EPS reached $1.20, marking a significant $1.02 increase year-over-year. Free cash flow improved to $189 million, up $139 million year-over-year. The company also approved a $0.25 dividend per share for Q3 2021 and anticipates strong performance for the remainder of the year.

The Chemours Company (NYSE: CC) declared a quarterly cash dividend of $0.25 per share for Q3 2021, payable on September 15, 2021, to stockholders of record by August 16, 2021.

Chemours specializes in Titanium Technologies and various chemical solutions for diverse market sectors.

The Chemours Company (NYSE: CC) has announced a definitive agreement to sell its Mining Solutions business to Draslovka Holding a.s. for $520 million in cash, equating to 10 times 2020 Adjusted EBITDA. The transaction, expected to close in Q4 2021 pending regulatory approvals, aligns with Chemours' strategy to focus on its primary business sectors. Chemours President, Mark Newman, stated this move is aimed at enhancing long-term shareholder value. Additionally, the deal marks Draslovka's first significant U.S. investment.

The Chemours Company (NYSE: CC) recently initiated the construction of a $93 million mining facility in Clay County, Florida. This site will utilize innovative Mobile Mining Units (MMUs) that minimize environmental impact compared to traditional mining methods. The project aims to enhance access to titanium and zircon mineral sands, crucial for producing Ti-Pure™ titanium dioxide. The expansion is expected to create 50-75 jobs with competitive wages and underscores Chemours' commitment to sustainability. Construction commenced in July 2021, with operations anticipated to start by late 2022.

The Chemours Company (NYSE: CC) will release its second quarter 2021 financial results after market close on July 29, 2021, followed by a webcast conference call on July 30, 2021, at 8:30 a.m. EDT. The call will be accessible to the public via live webcast and teleconference. Chemours is a leader in Titanium Technologies, Specialized Solutions, and more, serving customers in diverse industries. More information can be found at investors.chemours.com.

Energy Fuels has successfully shipped the first 20 tonnes of mixed rare earth carbonate from its White Mesa Mill in Utah to Neo Performance Materials in Estonia, marking a significant step in developing a new U.S.-to-Europe rare earth supply chain. This operation utilizes monazite sand mined in Georgia and enables Energy Fuels to produce rare earth materials domestically. A definitive supply agreement has been signed, with further shipments expected. This initiative positions Energy Fuels uniquely in North America and aims to meet the increasing demand for rare earth elements in electric vehicles and renewable energy technologies.

The UConn School of Engineering has established the Vergnano Institute for Inclusion with a $3 million donation from alumni Mark and Betsy Vergnano. This initiative focuses on enhancing diversity, equity, and inclusion in engineering through scholarships, mentorship, and training. It marks the largest DEI funding in UConn's engineering history. The institute aims to support underrepresented students and prepare them for industry roles, addressing the need for a more diverse engineering workforce in Connecticut, which supplies over 50% of the state's engineering graduates.

The Chemours Company (NYSE: CC) announced an investor webinar scheduled for June 28, 2021, at 10 a.m. EDT. The event will focus on their newly established Advanced Performance Materials segment, discussing business fundamentals and growth opportunities. Presenters include CEO Mark Newman and other key executives. The webinar is open to the public and will be accessible via a live webcast and teleconference. Chemours is a global leader in various chemical solutions, serving 3,300 customers across 120 countries, with a strong emphasis on market-defining products.