CC Q2 2023 Earnings — The Chemours Company Revenue & Financial Results | Market Cap Arena

CCThe Chemours Company

$3B

Q2 2023 Earnings

Basic Materials Chemicals - Specialty

Income Statement

Revenue

$1.6B-14.2% YoY

Gross Profit

$410M25.0% margin

Operating Income

$195M11.9% margin

Net Income

-$376M-22.9% margin

EPS (Diluted)

$-2.52

QoQ Revenue Growth

+7.0%

Cash Flow

Operating Cash Flow

$67M

Free Cash Flow

$9M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$7.7B

Total Liabilities

$6.8B

Stockholders' Equity

$808M

Cash & Equivalents

$738M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.6B	$1.9B	-14.2%
Gross Profit	$410M	$497M	-17.5%
Operating Income	$195M	$220M	-11.4%
Net Income	-$376M	$201M	-287.1%

Revenue Segments

Titanium Technologies

$707M43%

Thermal And Specialized Solutions

$523M32%

Advanced Performance Materials

$387M24%

All Other Segments

$26M2%