Chemours Q1 Earnings Call Highlights

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Sat, May 9, 2026 astatine 12:12 PM CDT 7 min read

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Chemours (NYSE:CC) said it opened 2026 with first-quarter results that were “well supra net expectations,” driven by beardown execution successful its Thermal & Specialized Solutions and Titanium Technologies segments, portion Advanced Performance Materials continued to retrieve from an outage astatine the company’s Washington Works facility.

President and Chief Executive Officer Denise Dignam told analysts that the 4th reflected “disciplined execution and strategical absorption crossed the company,” with Thermal & Specialized Solutions, oregon TSS, delivering a grounds archetypal 4th and Titanium Technologies, oregon TT, exceeding net expectations contempt a challenging marketplace backdrop.

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The institution besides highlighted advancement connected its equilibrium sheet, including the merchantability of astir each of its Kuan Yin properties up of schedule. Dignam said Chemours utilized disposable proceeds to wage down a meaningful information of near-term indebtedness and remains connected way to implicit the merchantability of the remaining parcel successful 2026, which is expected to supply an further $60 cardinal of gross proceeds.

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Dignam said Chemours’ TSS concern delivered a grounds archetypal quarter, with nett income rising 22% from the prior-year period. The gains were mostly attributed to higher pricing, stronger volumes and favorable merchandise premix crossed refrigerant markets.

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The institution cited spot successful some Freon and Opteon refrigerants. Opteon posted different 4th of double-digit year-over-year growth, portion Freon benefited from automotive aftermarket request successful North America. Dignam said the concern besides benefited from “disciplined quota management,” and TSS margins expanded to 33% successful the quarter.

Chief Financial Officer Shane Hostetter said Chemours expects TSS second-quarter nett income to emergence sequentially successful the low- to mid-teens percent range, reflecting the seasonal cooling request successful the Northern Hemisphere. Adjusted EBITDA for the conception is expected to scope from $210 cardinal to $225 million.

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Hostetter noted that astir $10 cardinal of adjusted EBITDA was pulled guardant into the archetypal 4th owed to timing, which helium said modestly tempers the expected sequential progression successful the 2nd quarter. He besides said residential request has been weaker than anticipated, with a slower commencement to the cooling play delaying instrumentality installations and aftermarket activity.

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