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Chemours' Q4 Earnings Surpass Estimates, Revenues In Line
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Key Takeaways
CC reported a wider Q4 net loss as sales fell 2% and EBITDA slipped 24% year over year.
Chemours saw 14% sales growth in Thermal & Specialized Solutions on strong refrigerant pricing.
CC expects 3-5% sequential sales growth in Q1, with 2026 EBITDA guided at $800-$900 million.
The Chemours Company (CC - Free Report) reported a net loss of $47 million or 31 cents per share for the fourth quarter of 2025. This compares unfavorably with the year-ago quarter's net loss of $11 million or 8 cents.
Barring one-time items, earnings were 5 cents per share, which beat the Zacks Consensus Estimate of breakeven.
The company reported fourth-quarter net sales of $1,329 million, reflecting a 2.2% decline from the previous-year quarter. It was in line with the Zacks Consensus Estimate. Net sales were primarily affected by a 4% decrease in volume, partly offset by a 1% increase in price and a 1% favorable currency impact.
Adjusted EBITDA declined 24% year over year to $128 million for the quarter. The decrease was due to weaker performance in its Titanium Technologies and Advanced Performance Materials segments, as lower pricing, reduced volumes, unfavorable product mix and a sizable non-cash inventory charge pressured margins and earnings.
The Chemours Company Price, Consensus and EPS Surprise
The Titanium Technologies division recorded revenues of $561 million in the fourth quarter, marking an 11% decrease from the previous year. The figure, however, beat our estimate of $549.8 million. This downside was primarily due to a 6% decrease in price globally, partially offset by favorable currency movements providing a modest 1% tailwind.
In the Thermal & Specialized Solutions segment, revenues saw a 14% year-over-year increase, reaching $444 million in the reported quarter. The figure surpassed our estimate of $429.6 million. Net sales growth was mainly driven by 10% higher prices and a 3% increase in volume, with a 1% currency tailwind. Increased pricing was driven by a favorable Opteon Refrigerant blend mix, along with higher pricing associated with Freon refrigerant sales.
Volume growth was driven by strong demand for Opteon Refrigerant blends associated with the U.S. AIM Act stationary AC transition, which more than offset lower total Freon Refrigerant volumes.
Revenues in the Advanced Performance Materials unit amounted to $312 million, which declined 4% year over year. The figure surpassed our estimate of $301.3 million. The downside was mainly caused by an 8% decrease in volume, which was partly offset by a 3% increase in price. The volume decline was mainly due to the closure of the Advanced Materials SPS Capstone line, completed in the third quarter.
CC’s Financials
Cash provided by operating activities in the fourth quarter was $137 million compared with $138 million in the prior quarter. Capital expenditures were $45 million compared with $109 million in the previous-year quarter, backed by lower capital expenditures in the Advanced Performance Materials and Thermal & Specialized Solutions segments. Cash and cash equivalents were $670 million, declining 6% year over year.
CC’s Q1 & 2026 Outlook
The company expects first-quarter sales to increase 3-5% sequentially, with full-year sales growing 3-5% year over year. Adjusted EBITDA is projected at $120-$150 million for the first quarter and $800-$900 million for 2026, with corporate expenses of $40-$45 million in the first quarter. Capital expenditures are expected to be about $50 million for the first quarter and in the range of $275-$325 million for 2026, and free cash flow conversion is forecast at above 25%.
CC anticipates a mid-20 to 30% range sequential net sales increase in Thermal & Specialized Solutions in the first quarter, reflecting favorable refrigerant demand. Adjusted EBITDA is projected at $170-$185 million.
The company expects Titanium Technologies' net sales to decline in the low-to-mid-single digits sequentially, with adjusted EBITDA between breakeven and $5 million, driven by minerals sales paired with changes in production levels, approximating $17 million in net impact.
CC envisions a high-teens-digits sequential net sales decline in Advanced Performance Materials due to major market weakness, with adjusted EBITDA between breakeven and $5 million, driven by the outage at the Washington Works site.
CC Stock Price Performance
Shares of Chemours have gained 5.5% in the past year against the industry’s decline of 13.4%.
Image Source: Zacks Investment Research
CC’s Zacks Rank & Key Picks
CC currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks worth a look in the basic materials space include Sociedad Quimica y Minera de Chile S.A. (SQM - Free Report) , Orla Mining Ltd. (ORLA - Free Report) and Avino Silver & Gold Mines Ltd. (ASM - Free Report) .
Sociedad is slated to report fourth-quarter 2025 results on Feb. 27. The Zacks Consensus Estimate for earnings is pegged at 75 cents per share, indicating 79% year-over-year growth. Sociedad sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Orla Mining is scheduled to report fourth-quarter 2025 results on March 19. The Zacks Consensus Estimate for earnings is pegged at 38 cents per share, indicating a year-over-year surge of 443%. ORLA currently flaunts a Zacks Rank #1.
Avino Silver is scheduled to report fourth-quarter 2025 results on March 11. The Zacks Consensus Estimate for earnings is pegged at 6 cents per share, indicating a 14.3% year-over-year decline. ASM carries a Zacks Rank #2 (Buy) at present.
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Chemours' Q4 Earnings Surpass Estimates, Revenues In Line
Key Takeaways
The Chemours Company (CC - Free Report) reported a net loss of $47 million or 31 cents per share for the fourth quarter of 2025. This compares unfavorably with the year-ago quarter's net loss of $11 million or 8 cents.
Barring one-time items, earnings were 5 cents per share, which beat the Zacks Consensus Estimate of breakeven.
The company reported fourth-quarter net sales of $1,329 million, reflecting a 2.2% decline from the previous-year quarter. It was in line with the Zacks Consensus Estimate. Net sales were primarily affected by a 4% decrease in volume, partly offset by a 1% increase in price and a 1% favorable currency impact.
Adjusted EBITDA declined 24% year over year to $128 million for the quarter. The decrease was due to weaker performance in its Titanium Technologies and Advanced Performance Materials segments, as lower pricing, reduced volumes, unfavorable product mix and a sizable non-cash inventory charge pressured margins and earnings.
The Chemours Company Price, Consensus and EPS Surprise
The Chemours Company price-consensus-eps-surprise-chart | The Chemours Company Quote
CC’s Q4 Segment Highlights
The Titanium Technologies division recorded revenues of $561 million in the fourth quarter, marking an 11% decrease from the previous year. The figure, however, beat our estimate of $549.8 million. This downside was primarily due to a 6% decrease in price globally, partially offset by favorable currency movements providing a modest 1% tailwind.
In the Thermal & Specialized Solutions segment, revenues saw a 14% year-over-year increase, reaching $444 million in the reported quarter. The figure surpassed our estimate of $429.6 million. Net sales growth was mainly driven by 10% higher prices and a 3% increase in volume, with a 1% currency tailwind. Increased pricing was driven by a favorable Opteon Refrigerant blend mix, along with higher pricing associated with Freon refrigerant sales.
Volume growth was driven by strong demand for Opteon Refrigerant blends associated with the U.S. AIM Act stationary AC transition, which more than offset lower total Freon Refrigerant volumes.
Revenues in the Advanced Performance Materials unit amounted to $312 million, which declined 4% year over year. The figure surpassed our estimate of $301.3 million. The downside was mainly caused by an 8% decrease in volume, which was partly offset by a 3% increase in price. The volume decline was mainly due to the closure of the Advanced Materials SPS Capstone line, completed in the third quarter.
CC’s Financials
Cash provided by operating activities in the fourth quarter was $137 million compared with $138 million in the prior quarter. Capital expenditures were $45 million compared with $109 million in the previous-year quarter, backed by lower capital expenditures in the Advanced Performance Materials and Thermal & Specialized Solutions segments. Cash and cash equivalents were $670 million, declining 6% year over year.
CC’s Q1 & 2026 Outlook
The company expects first-quarter sales to increase 3-5% sequentially, with full-year sales growing 3-5% year over year. Adjusted EBITDA is projected at $120-$150 million for the first quarter and $800-$900 million for 2026, with corporate expenses of $40-$45 million in the first quarter. Capital expenditures are expected to be about $50 million for the first quarter and in the range of $275-$325 million for 2026, and free cash flow conversion is forecast at above 25%.
CC anticipates a mid-20 to 30% range sequential net sales increase in Thermal & Specialized Solutions in the first quarter, reflecting favorable refrigerant demand. Adjusted EBITDA is projected at $170-$185 million.
The company expects Titanium Technologies' net sales to decline in the low-to-mid-single digits sequentially, with adjusted EBITDA between breakeven and $5 million, driven by minerals sales paired with changes in production levels, approximating $17 million in net impact.
CC envisions a high-teens-digits sequential net sales decline in Advanced Performance Materials due to major market weakness, with adjusted EBITDA between breakeven and $5 million, driven by the outage at the Washington Works site.
CC Stock Price Performance
Shares of Chemours have gained 5.5% in the past year against the industry’s decline of 13.4%.
Image Source: Zacks Investment Research
CC’s Zacks Rank & Key Picks
CC currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks worth a look in the basic materials space include Sociedad Quimica y Minera de Chile S.A. (SQM - Free Report) , Orla Mining Ltd. (ORLA - Free Report) and Avino Silver & Gold Mines Ltd. (ASM - Free Report) .
Sociedad is slated to report fourth-quarter 2025 results on Feb. 27. The Zacks Consensus Estimate for earnings is pegged at 75 cents per share, indicating 79% year-over-year growth. Sociedad sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Orla Mining is scheduled to report fourth-quarter 2025 results on March 19. The Zacks Consensus Estimate for earnings is pegged at 38 cents per share, indicating a year-over-year surge of 443%. ORLA currently flaunts a Zacks Rank #1.
Avino Silver is scheduled to report fourth-quarter 2025 results on March 11. The Zacks Consensus Estimate for earnings is pegged at 6 cents per share, indicating a 14.3% year-over-year decline. ASM carries a Zacks Rank #2 (Buy) at present.