Record Sales in TSS
TSS achieved a quarterly sales record driven by 23% year-over-year growth in Opteon Refrigerants. The expansion at the Corpus Christi site was completed to support market demand.
TT Transformation Plan Success
The TT Transformation Plan achieved approximately $140 million in annual savings, exceeding the initial target of $125 million. Adjusted EBITDA margins increased by 1 percentage point to 12% for the year.
Remediation of Material Weaknesses
Chemours fully remediated four material weaknesses in internal control, which were identified in early 2024.
New Executive Appointments
Damian Gumpel was appointed as President of the TT Business, and Diane Picho as Chief Enterprise Enablement Officer, enhancing the leadership team.
Positive Outlook for Opteon Growth
Continued strength in demand for Opteon Refrigerants is expected, with double-digit growth anticipated through 2025.