NYSE$CC

The Chemours · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Chemours reported solid fourth quarter results driven by strong performance in Titanium Technologies and Advanced Performance Materials, despite headwinds from logistics and raw material cost inflation.

Chemours reported a strong fourth quarter with net sales of $1.6 billion, up 18% year-over-year, and adjusted EBITDA of $307 million, up 25% year-over-year. The company's performance was driven by higher pricing and strong demand across its segments, particularly in Titanium Technologies and Advanced Performance Materials.

  • Net sales increased by 18% year-over-year to $1.6 billion.
  • Net income was $233 million, with EPS of $1.40, up $1.29 year-over-year.
  • Adjusted EBITDA increased by 25% year-over-year to $307 million.
  • The company completed the sale of Mining Solutions for $521 million.

Headline financials

Total Revenue

$1.58B

Previous: $1.34B+17.8%
EPS (adj)

$0.81

Previous: $0.61+32.8%
Capital Expenditures

$83M

Previous: $53M+56.6%
Free Cash Flow

$131M

Previous: $300M-56.3%
Net Income

$233M

Previous: $19M+1126.3%
Operating Income

$0.00

Previous: $179M-100.0%
Gross Profit

$393M

Previous: $313M+25.6%
Cash & Equivalents

$1.45B

Previous: $1.11B+31.3%
Total Assets

$7.55B

Previous: $7.08B+6.6%
Stock-Based Comp

$10M

Previous: $4M+150.0%

Revenue & EPS history

Chemours · Revenue · Quarterly

$1.58B

Q4 2021+17.8%vs Q4 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

The company expects to deliver 2022 Adjusted EBITDA within a range of $1.3 billion to $1.425 billion. Adjusted EPS is projected to be between $4.07 and $4.70. The company expects Free Cash Flow of greater than $500 million, inclusive of approximately $400 million of capital expenditures.

Tailwinds

  • Continued economic recovery from the challenges caused by the global pandemic
  • Normalization of supply chains early in 2022
  • Driving top-line growth
  • Improving the underlying earnings quality of the business
  • Capturing the significant secular growth potential of our core businesses

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+1.4%

Avg return

Earnings day

+2.4%

Avg return

5 days after

+1.2%

Avg return

30 days after

55%

27 / 49 earnings

Positive

+24.2%

Q4 2019

Best reaction

-23.0%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-15.7%-9.6%-26.8%
Q4 2025-16.5%-11.7%-13.3%
Q3 2025+6.8%+7.4%+8.2%
Q1 2025-9.4%-0.9%-8.1%
Q4 2024+3.9%-0.4%-12.8%
Q3 2024+11.6%+11.1%+19.4%
Q2 2024-15.0%-22.5%-19.6%
Q1 2024-6.1%-4.0%-7.6%
Q4 2023-4.1%+5.0%-0.2%
Q3 2023-0.1%+2.1%+11.7%
Q2 2023-4.8%-4.0%-14.8%
Q1 2023+6.4%+11.1%+4.4%
Q4 2022-1.7%-0.8%-10.7%
Q3 2022+1.0%-0.9%+13.5%
Q2 2022+4.0%+1.6%+4.5%
Q1 2022+17.7%+21.1%+31.7%
Q4 2021-16.8%-13.9%-26.9%
Q3 2021+8.0%+4.7%-3.0%
Q2 2021+1.9%+4.7%+6.5%
Q1 2021+4.4%+14.7%+23.0%
Q4 2020-2.6%-1.8%+7.1%
Q3 2020+2.2%+8.3%+23.0%
Q2 2020-0.3%+5.9%+12.8%
Q1 2020+12.9%+18.3%+44.4%
Q4 2019+24.2%+19.1%-33.9%
Q3 2019+13.9%+13.4%-11.1%
Q2 2019-23.0%-26.5%-25.7%
Q1 2019-1.8%-16.4%-39.4%
Q4 2018-2.6%-3.0%-2.2%
Q3 2018+4.1%+2.9%-13.7%
Q2 2018+4.9%+6.7%-2.8%
Q1 2018+4.5%+4.4%+1.7%
Q4 2017+2.7%+2.5%+4.5%
Q3 2017-8.4%-10.5%-9.0%
Q2 2017-1.6%+3.8%+4.3%
Q1 2017-1.0%+2.4%-0.7%
Q4 2016-0.5%+3.1%+8.4%
Q3 2016+12.7%+21.1%+52.3%
Q2 2016+13.2%+25.8%+49.6%
Q1 2015-3.1%
Q1 2016+9.6%
Q1 2014+2.3%
Q4 2013+2.3%
Q4 2015+14.3%
Q3 2014-17.2%
Q3 2015-17.2%
Q4 2014+16.3%
Q2 2014+16.3%
Q2 2015+16.3%

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