Chemours 4Q Loss Narrows as Volumes Rise

Dow Jones

18 Feb

By Dean Seal

Chemours recorded a smaller loss in the fourth quarter as refrigerant sales jumped and volumes picked up in two of its business lines.

The Wilmington, Del., chemicals company posted a loss of $8 million, or 5 cents a share, compared with a loss of $18 million, or 12 cents a share, in the same quarter a year ago.

Stripping out one-time items, adjusted earnings were 11 cents a share. That's a penny shy of analyst estimates, according to FactSet.

Sales slipped 1% to $1.36 billion, below analyst forecasts for $1.37 billion, according to FactSet.

The shortfall was driven by a 3% decline in prices, which was partially offset by a 2% increase in volume.

Sales were down slightly in its advanced performance materials business, though volumes were higher from a recent capacity expansion for its Teflon coatings products that more than offset weaker demand in the hydrogen market.

The company's titanium technologies unit saw a small downtick in volumes. Sales in its thermal and specialized solutions business meanwhile rose on a 7% jump in volumes from strong demand for its Opteon Refrigerant blends.

Chemours said it has been working to balance the impact of lower prices with savings from a cost-cutting plan and favorable inventory adjustments.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

February 18, 2025 06:30 ET (11:30 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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That's a penny shy of analyst estimates, according to FactSet. \n\n\n  Sales slipped 1% to $1.36 billion, below analyst forecasts for $1.37 billion, according to FactSet. \n\n\n  The shortfall was driven by a 3% decline in prices, which was partially offset by a 2% increase in volume. \n\n\n  Sales were down slightly in its advanced performance materials business, though volumes were higher from a recent capacity expansion for its Teflon coatings products that more than offset weaker demand in the hydrogen market. \n\n\n  The company's titanium technologies unit saw a small downtick in volumes. Sales in its thermal and specialized solutions business meanwhile rose on a 7% jump in volumes from strong demand for its Opteon Refrigerant blends. \n\n\n  Chemours said it has been working to balance the impact of lower prices with savings from a cost-cutting plan and favorable inventory adjustments. \n\n\n \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 18, 2025 06:30 ET (11:30 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}