WILMINGTON, DE — The Chemours Company delivered a mixed third quarter, with strong refrigerant demand helping offset weakness across its titanium dioxide and advanced materials businesses.
The company reported $1.5 billion in net sales, essentially flat from a year earlier, while net income rose sharply to $60 million from a $32 million loss in the prior-year period. Adjusted EBITDA came in at $195 million, down slightly from last year, reflecting operational disruptions and soft industrial markets.
President and CEO Denise Dignam said performance exceeded expectations despite broader economic pressures. She cited strong Opteon refrigerant demand and ongoing efforts to stabilize operations and improve productivity.
The Thermal & Specialized Solutions segment continued to be Chemours’ standout performer. Sales jumped 20% to $560 million, driven by an 80% surge in Opteon refrigerant sales tied to U.S. AIM Act–related transitions in stationary air conditioning systems. Segment EBITDA climbed 40% to $194 million, with margins rising to 35%.
Titanium Technologies, however, remained challenged as global TiO2 demand stayed weak. Sales fell 9%, pressured by an 8% price decline. Operational disruptions also weighed on profitability, with segment EBITDA dropping to $25 million.
Advanced Performance Materials posted a 12% sales decline, largely due to reduced volumes stemming from an outage at the Washington Works site. EBITDA slumped to $14 million, down 63% from a year earlier.
Chemours ended the quarter with $613 million in cash and $1.6 billion in total liquidity. Free cash flow improved to $105 million, supported by lower capital spending.
Looking to the fourth quarter, the company expects sequential sales to decline 10% to 15% on normal refrigerant seasonality and soft industrial demand. Adjusted EBITDA is projected between $130 million and $160 million.
Chemours also highlighted recent milestones, including a global TiO2 price increase set for December 1, a new immersion cooling fluid qualification with Samsung Electronics, and a strategic agreement with India’s SRF Limited.
Despite persistent headwinds, the company reiterated its focus on operational stability and strategic execution, positioning refrigerants as a key growth engine heading into 2026.
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