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Chemours Company (CC)
NYSE:CC
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.12Last Year’s EPS
$0.31Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: 0.74%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with strong achievements in cost savings and record sales in the TSS business, but also highlighted significant challenges in the APM segment and a net loss for the quarter. The company is focusing on strategic cost-saving measures and growth investments while facing pricing pressures in some segments.Company Guidance
During The Chemours Company's third-quarter 2024 earnings call, guidance was provided on several financial metrics and strategic initiatives. The company reported consolidated net sales of approximately $1.5 billion, a 1% increase compared to the previous year, driven by a 5% volume increase offset by a 3% pricing decline with a slight 1% currency headwind. Adjusted EBITDA decreased slightly from $211 million last year to $208 million this quarter. The TSS segment achieved record net sales of $460 million, with a 6% increase driven by an 8% rise in volume and a 2% pricing decline. TT segment net sales fell 2% year-over-year to $679 million, while adjusted EBITDA increased 23% to $85 million. The APM segment reported net sales of $348 million, largely due to a 9% volume rise, with adjusted EBITDA decreasing 43% to $39 million. The company outlined its refreshed corporate strategy "Pathway to Thrive," targeting greater than $250 million in run-rate cost savings by 2027 and a 5% revenue CAGR from 2024 through 2027.TSS Business Sales Record
The TSS business achieved a sales record for the third quarter with a 21% year-over-year increase in Opteon refrigerants, reflecting nearly 60% of total TSS refrigerant sales for the quarter.
TT Transformation Plan Exceeds Expectations
The TT segment realized an incremental $30 million in savings during the quarter, bringing total savings to approximately $130 million in 2024, exceeding the targeted $125 million in year-over-year savings.
Strong Liquidity Position
Chemours maintained approximately $1.2 billion in liquidity, including $596 million in unrestricted cash and $652 million available under the revolving credit facility.
Operational Excellence and Cost Savings
Chemours aims to achieve incremental run rate cost savings of greater than $250 million across the company from 2024 to 2027, with 50% of these savings expected by the end of 2025.
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CC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $17.59 | $20.31 | +15.46% |
| Aug 01, 2024 | $22.69 | $20.00 | -11.86% |
| Apr 30, 2024 | $25.82 | $25.09 | -2.83% |
| Mar 27, 2024 | $27.87 | $25.34 | -9.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Chemours Company (CC) report earnings?
Chemours Company (CC) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Chemours Company (CC) earnings time?
Chemours Company (CC) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CC EPS forecast?
CC EPS forecast for the fiscal quarter 2024 (Q4) is $0.12.
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