The Chemours Company (CC) Q3 2026 earnings summary

Executive summary

• Q3 net sales rose 3% YoY to $1.54B; Adjusted EBITDA increased 6% to $200M, led by TT pricing and APM growth, partly offset by TSS weakness and higher costs.

• GAAP net income was $196M, or $1.29/share, including $150M of PFAS insurance proceeds; Adjusted Net Income was $31M.

• Execution included debt reduction, cost and operating initiatives, environmental settlements, and completion of the Kuan Yin land sale.

Financial highlights

• Net sales were $1.54B, up $45M YoY and down $51M QoQ; pricing rose 5%, volumes fell 2%, and currency was a slight headwind.

• Adjusted EBITDA was $200M, up $11M YoY and down $47M QoQ; adjusted net income was $31M and adjusted diluted EPS was $0.21.

• Operating cash flow was $149M, capex $51M, and free cash flow $98M; Q3 free-cash-flow conversion was 49% versus 56% a year earlier.

• GAAP net income of $196M included $150M of PFAS insurance proceeds and Kuan Yin land-sale gains; Q3 COGS rose 4% amid higher unit costs and lower production rates.

• Nine-month net sales were $4.51B; net loss was $107M, including a $307M tax provision and substantial environmental and litigation charges.

Outlook and guidance

• FY2026 net sales are expected to grow ~2%; Adjusted EBITDA guidance is $775M–$800M, capex $220M–$230M, free-cash-flow conversion 15%–20%, and net leverage below 4.2x.

• Q4 net sales are expected to decline 5%–10% sequentially; Adjusted EBITDA is forecast at $160M–$185M, with positive free cash flow.

• Q4 TSS sales are expected to decline high-teens to low-twenties sequentially, with Adjusted EBITDA of $105M–$115M; TT sales are expected down high-single digits to low-teens, with EBITDA of $60M–$65M.

• Q4 APM sales are expected to rise low- to mid-teens sequentially, with Adjusted EBITDA of $40M–$45M, supported by Performance Solutions orders.

• Earnings growth is expected in 2027 despite macro uncertainty; expected environmental remediation spending over three years is $227M at five significant sites and $63M at other sites.