CC Earnings Prediction
The chart below shows how CC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CC sees a -0.12% change in stock price 10 days leading up to the earnings, and a -2.62% change 10 days following the report. On the earnings day itself, the stock moves by +1.57%. This data can give you a slight idea of what to expect for the next quarter's release.
CC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.50B
0.94%
-2.41%
Gross Margin
19.12%
0.47%
-3.92%
Operating Margin
8.19%
35.37%
-10.69%
Net Margin
-1.80%
-234.33%
-139.56%
EPS
-0.18
-238.46%
-138.30%
No Data Available
CC Earnings Analysis
The Chemours Company Corporation (CC.N) Earnings Conference Call
Positive
Record Net Sales Growth: TSS achieved record net sales of approximately $460 million, a 6% increase from the prior year, driven primarily by an 8% rise in volume.
Optoeon Refrigerants Sales Surge: The TSS business hit a robust 21% year-over-year increase in sales of Optoeon Refrigerants, reflecting nearly 60% of total TSS refrigerant sales for the quarter, up from 50% in the prior year.
Net Sales Increase: The company reported a consolidated net sales for the third quarter of approximately $1.5 billion, up 1% compared to the prior year quarter, driven by a 5% increase in volume.
Quarterly Savings Achievement: The company achieved 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.
EBITDA Margin Improvement: Adjusted EBITDA margins improved to 13%, reflecting the company's continued focus on cost management and operational efficiency.
Negative
Net Loss Reported: Chemours reported a net loss of $27 million or $0.18 per diluted share compared to net income of $12 million or $0.08 per share in the prior year.
Net Loss Due to Impairment: The current quarter net loss includes a $56 million non-cash impairment charge.
Adjusted EBITDA Decline: Adjusted EBITDA decreased from $211 million last year to $208 million this quarter, attributed to lower pricing and currency fluctuations.
Net Sales Performance: The company’s consolidated net sales for the third quarter were approximately $1.5 billion, up only 1% compared to the prior year quarter, driven by a 5% increase in volume offset by a 3% decline in pricing.
EBITDA Margin Decline: The adjusted EBITDA margin fell to 13%, reflecting the impact of lower pricing and increased costs associated with securing near-term quota allowances.
CC FAQs
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CC Earning Call Sentiment
The Chemours Company (CC) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
CC.N
1.28%Positive
The earnings call summary reveals mixed financial performance with a net loss and declining EBITDA in key segments, despite some volume growth and cost savings. The Q&A section highlights concerns about inventory levels, lack of market recovery, and unclear management responses, which further dampen sentiment. Although there are positive elements like interest in data center opportunities and cost savings plans, the overall sentiment leans negative due to weak guidance and ongoing challenges in pricing and demand.
