Chemours reports higher third-quarter profit as adjusted EBITDA rises
Chemours reported third-quarter 2026 net sales of $1.5 billion, net income of $196 million, or $1.29 per diluted share, and adjusted EBITDA of $200 million. Adjusted earnings were $31 million, or $0.21 per diluted share, compared with $26 million, or $0.17 per diluted share, a year earlier. The company said pricing in Titanium Technologies and demand for Advanced Performance Materials offset weaker Thermal & Specialized Solutions sales, while it also launched Faizeon liquid-cooling products, completed the Kuan Yin property sale, and reached a PFAS litigation settlement with North Carolina and 11 local entities.
Why it matters
The $196 million GAAP profit included a $150 million receipt tied to PFAS insurance proceeds, making adjusted earnings a clearer measure of the quarter's operating performance. Chemours expects full-year 2026 adjusted EBITDA of $775M-$800M, while its fourth-quarter outlook calls for seasonal weakness in some segments and growth in APM Performance Solutions.
Key facts
- 1Third-quarter net sales were $1,540 million and net income attributable to Chemours was $196 million, versus $46 million in the prior-year quarter. sec.gov
- 2Adjusted net income was $31 million, or $0.21 per diluted share, versus $26 million, or $0.17 per diluted share, and adjusted EBITDA was $200 million versus $189 million a year earlier. sec.gov
- 3The quarter's net income included a $150 million receipt related to a PFAS insurance proceeds memorandum of understanding connected with a New Jersey judicial consent order. sec.gov
- 4Chemours completed the Kuan Yin property sale for total net consideration of ~$340 million, including $56 million of gross proceeds from the remaining land parcel. sec.gov
- 5The company expects 2026 adjusted EBITDA of $775M-$800M and is targeting net leverage below 4.2x. seekingalpha.com
Open questions
- Investing.com reported fourth-quarter adjusted EBITDA guidance of $160M-$185M, while the earnings-call account reported $60M-$65M; the materials do not reconcile these figures on the same basis.
- Investing.com said revenue was below a $1.53B consensus, while Yahoo Finance said revenue matched forecasts.
- Investing.com described the $0.21 adjusted EPS result as a $0.06 miss, while Yahoo Finance cited an analyst estimate of 26 cents per share.
Summary written by AlphAI AI Desk from 11 of 11 sources. Not investment advice. Figures are as stated by the linked sources.