The Chemours Co (CC) Q4 2025 Earnings Call Highlights: Record TSS Sales and Strategic Moves

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Sat, February 21, 2026 at 4:00 AM GMT+9 4 min read

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**Net Sales:** Met expectations, driven by TSS achieving record sales.

**Free Cash Flow:** Strong quarterly free cash flow of $92 million.

**TSS Opton Sales Growth:** Double-digit growth of 37% year-over-year.

**TSS Annual Adjusted EBITDA Margin:** Increased to 32% from 31% in the prior year.

**TT Adjusted EBITDA:** Expected between breakeven and $5 million for Q1 2026.

**APM Adjusted EBITDA:** Projected to range from breakeven to $5 million for Q1 2026.

**Consolidated Adjusted EBITDA:** Expected to range between $120 to $150 million for Q1 2026.

**Capital Expenditures:** Expected to be in the range of $50 million for Q1 2026.

**Full Year 2026 Net Sales Growth:** Anticipated to be between 3% and 5%.

**Full Year 2026 Adjusted EBITDA:** Expected to range from $800 million to $900 million.

**Net Proceeds from Kuanyan Site Sale:** Estimated at $300 million.

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Release Date: February 20, 2026

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

The Chemours Co (NYSE:CC) achieved record sales in their TSS business, with a 37% increase in Opton refrigerant sales compared to the prior year.

The company generated strong quarterly free cash flow of $92 million, reflecting its long-term cash generation potential.

The sale of the Kuanyan site is expected to generate $300 million in net proceeds, which will be used to reduce outstanding debt.

The TSS segment reported a 32% adjusted EBITDA margin, up from 31% the previous year, despite additional R&D investments.

The company is making progress in commercializing its two-phase liquid cooling solution, with a manufacturing agreement in place and initial production targeted for Q3 2026.

Negative Points

The APM business faced market weakness, particularly in auto and industrial construction sectors, impacting earnings.

A temporary shutdown at the Washington Works facility due to a utility service outage resulted in a negative impact of $20 to $25 million for the quarter.

The TT segment experienced a 60% sequential decline in mineral sales due to changes in mining efforts and sales timing.

The company is carrying more inventory than needed, which is a concern and requires reduction efforts.

The Asia region saw a significant decline in revenues, down 30% year-over-year, due to market challenges and tariff issues.

Q & A Highlights

Q: Could you share some more detail on the assumptions for TIO2 volume growth that are embedded in your 2026 guidance? What do you expect the global industry to grow volumes at this year, and how would you expect your volume growth to compare to the industry average? A: Our outlook is that demand is stable with no major demand triggers. We announced a price increase in December and have seen strong yield from that. We expect flat pricing from Q3 to Q4 and flat year-over-year pricing as we head into Q1, which we feel good about. This reflects stabilized demand with our pricing power.

Story Continues  

Q: Do you have a lot of sight for meaningful progress towards resolving your legacy liabilities during 2026? Any key items or dates to watch for this year? A: We’ve made significant progress in strengthening the long-term pillar, particularly with New Jersey, which laid a framework for future progress. We are also focused on our West Virginia and North Carolina facilities and expect to provide additional information on these as the year progresses.

Q: It seems like there are a lot of mixed effects running through the APM segment. Could you peel apart some of the different end markets to let us know how much some are down and where some of the strength is? A: Auto and industrial production are down or flat, but there’s significant opportunity in our performance solutions portfolio, particularly with PFA and Teflon product lines. Demand is driven by AI search and data center build-outs, which also drive semiconductor demand.

Q: Can you walk through the three geographies with anti-dumping activities in India, Brazil, and Europe, and what have you seen from those actions? A: We see benefits from anti-dumping duties. In Brazil, we have high duties and a strong market from our Mexico facility. In India, there’s been some back and forth, but we are confident duties will return. In Europe, we’ve seen uplift despite some currency changes benefiting Chinese producers, but it doesn’t dramatically change our view.

Q: Could you provide more color on what would get you to the high end of your range and the low end of your range for the full year? A: The high end depends on market evolution, economic returns, and cost improvements. Continued execution on pricing and broader adoption across businesses are also factors. The low end could be influenced by unexpected cost inputs, less price receptivity, and volume depression.

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

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