Chemours (CC) Misses Q4 EPS by 5c
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February 23, 2016 5:00 PM EST
WILMINGTON, Del., Feb. 23, 2016 /PRNewswire/ --
Fourth Quarter 2015 Highlights
Net sales of $1.4 billion
Adjusted EBITDA of $132 million
Free cash flow of $175 million led by working capital release of ~$399 million
Adjusted Net Income of $5 million, or $0.03 per diluted share
Net loss of $86 million, or $0.48 per diluted share, after restructuring costs of $88 million and interest expense of $53 million
Other Highlights
Announced $140 million Aniline sale to The Dow Chemical Company
Reduced costs by $100 million in second half of 2015 through transformation initiatives
Reached...
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