Chemours Co Stock Price, News & Analysis

The Chemours Company introduces Opteon™ 2P50, a developmental fluid for two-phase immersion cooling (2-PIC) designed to address data center sustainability challenges. As data centers currently consume 460 TWh of electricity annually and are expected to double energy consumption by 2026, this innovation offers significant improvements: up to 90% reduction in cooling energy consumption, 40% decrease in overall energy use, and 60% reduction in physical space requirements. A recent study with LiquidStack and Syska Hennessy confirmed the technology can reduce operational expenses by up to 88.6% compared to other liquid cooling techniques. The solution features a low global warming potential (GWP) of 10 and promotes circularity through fluid recovery and reuse.

The Chemours Company (NYSE: CC) has announced the pricing of a $600 million private offering of senior notes due 2033. The notes will carry an 8.000% interest rate, payable semi-annually starting July 15, 2025. The company plans to use the proceeds to redeem all outstanding euro-denominated 4.000% senior notes of €440,810,000 due 2026, with the remainder allocated for general corporate purposes. The notes will be senior unsecured obligations guaranteed by certain Chemours subsidiaries. The offering is expected to close on November 27, 2024.

Chemours (NYSE: CC) has announced plans to offer $600 million in senior notes due 2033. The notes will be senior unsecured obligations guaranteed by certain subsidiaries. The company plans to use the proceeds to redeem all outstanding euro-denominated 4.000% senior notes due 2026, with the remainder allocated for general corporate purposes. The offering is exclusively available to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act.

Chemours reported Q3 2024 financial results with Net Sales of $1.5 billion, up 1% year-over-year. The company recorded a Net Loss of $27 million ($0.18 per share), including a $56 million non-cash impairment charge, compared to Net Income of $12 million in Q3 2023. Adjusted EBITDA was $208 million, slightly down from $211 million last year.

The Thermal & Specialized Solutions segment achieved record Q3 sales, with Opteon™ Refrigerants growing 21% year-over-year. The company outlined a refreshed corporate strategy focusing on operational excellence, targeting over $250 million in cost savings through 2027.

The Chemours Company (NYSE: CC) has announced its quarterly dividend payment for Q4 2024. The company's Board of Directors has declared a cash dividend of $0.25 per share on common stock. The dividend will be distributed on December 16, 2024, to shareholders who are recorded as stockholders at the close of business on November 15, 2024.

The Chemours Company (NYSE: CC) has announced the schedule for its third quarter 2024 financial results release and conference call. The company plans to issue its financial results before the market opens on Monday, November 4, 2024. Following this, Chemours will host a conference call at 8:00 a.m. Eastern Standard Time on the same day to discuss the results.

The call will be open to the public and accessible via a live webcast. Interested parties can find the webcast link and accompanying slides on the investors.chemours.com website. For those unable to attend the live event, a webcast replay will also be made available on the same investor relations website.

Chemours' Chief Sustainability Officer, Amber Wellman, emphasizes the importance of partnerships in creating a more sustainable world. The company's sustainability strategy is organized around four pillars: Environmental Leadership, Innovation & Sustainable Solutions, Community Impact, and Greatest Place to Work.

Key highlights include:

• 52% reduction in Scope 1 and 2 GHG emissions since 2018
• 48% of revenue from products contributing to UN SDGs
• $5.6 million in community grants awarded in 2023
• 15 global regions certified as Great Place to Work®

Chemours is strengthening partnerships to accelerate progress, such as collaborating with the Wildlife Habitat Council and participating in the Clean Hydrogen Partnership. The company remains committed to its 2030 sustainability goals and continues to seek ways to improve performance and increase impact.

Chemours CEO Denise Dignam reaffirms the company's commitment to sustainability in the face of challenges. The company has made significant progress towards its Corporate Responsibility Commitment goals, focusing on improving lives, powering progress, and protecting the planet. Chemours is integrating sustainability into business decisions and actions across the organization.

Key points include:

• Advancing sustainable innovations and reducing operational impact
• Partnering with stakeholders to address global challenges
• Investing in emissions control technologies and reducing energy and water consumption
• Setting ambitious environmental goals and promoting greater circularity
• Renewing commitment to the Ten Principles of the United Nations Global Compact

Dignam emphasizes that responsible manufacturing is crucial, and Chemours continues to be an environmental leader in the industry. The company's 2023 Sustainability Report details milestones achieved and outlines future sustainability efforts.

Chemours has been recognized by the U.S. Department of Energy for achieving its emissions reduction goal as part of the Better Climate Challenge. The company has reduced scope 1 and scope 2 greenhouse gas emissions by 58% through decarbonization efforts across its U.S. operations. This achievement aligns with Chemours' 2030 Sustainability Goals and its participation in the DOE's Better Climate Challenge and Better Plants Challenge.

Dr. Amber Wellman, Chemours' Chief Sustainability Officer, expressed pride in surpassing the goal ahead of schedule and emphasized the company's commitment to sustainability. The DOE's Better Buildings Initiative, which includes these challenges, has helped partners save nearly $22 billion in energy costs and avoid over 220 million metric tons of greenhouse gas emissions. Chemours is recognized as a market leader in setting portfolio-wide emissions reduction goals and sharing strategies with others.