Chemours reports Q1 adjusted EPS 13c, consensus 20c

Reports Q1 revenue $1.4B, consensus $1.35B. “We made important progress against the key pillars of our Pathway to Thrive strategy with notable advancements in our Enabling Growth pillar, driving year-over-year Opteon growth, supported by the completion of our Corpus Christi, Texas Opteon(TM) capacity expansion, and initial manufacturing commitment to develop two-phase immersion cooling fluid. More broadly, we experienced continued, strong demand for Opteon Refrigerants, with 40% year-over-year Net Sales growth,” said Denise Dignam, Chemours (CC) President and CEO. “While we experienced some headwinds across all three businesses, macroeconomic and business-related, we remain steadfast in executing our strategy, focusing on driving long-term shareholder value.”