Chemours (CC) Posts Q2 GAAP Loss of 10c/Share

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Go back to Chemours (CC) Posts Q2 GAAP Loss of 10c/Share

The Chemours Company Reports Second Quarter 2015 Results and Announces Transformation Plan

August 6, 2015 6:00 AM EDT

WILMINGTON, Del., Aug. 6, 2015 /PRNewswire/ --

Second Quarter 2015 Highlights

Separation from DuPont completed on July 1, 2015 Net sales of $1.5 billion versus $1.7 billion in prior-year quarter Adjusted EBITDA of $127 million versus $235 million in prior-year quarter on weaker TiO2 pricing and currency headwinds Net loss of $18 million, which included restructuring costs of $61 million and interest expense of $28 million versus second quarter 2014 net income of $116 million, which included restructuring costs of $20 million

Other Highlights

Targeting $140 million improvement in second half 2015 Adjusted EBITDA versus the first half, reflecting... More