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Mar 31, 2021

Chemours Q1 2021 Earnings Report

Chemours' first quarter 2021 results were strong, with increased full-year 2021 outlook.

Key Takeaways

Chemours reported strong first quarter results with net sales of $1.4 billion, a 10% increase year-over-year. The company raised its full-year Adjusted EBITDA guidance by $100 million and now expects Free Cash Flow to be greater than $450 million.

Net Sales of $1.4 billion, up 10% year-over-year

Net Income of $96 million with EPS of $0.57

Adjusted Net Income of $120 million with Adjusted EPS of $0.71

Adjusted EBITDA of $268 million

Total Revenue
$1.44B
Previous year: $1.31B
+10.0%
EPS
$0.71
Previous year: $0.71
+0.0%
Gross Profit
$297M
Previous year: $298M
-0.3%
Cash and Equivalents
$1.01B
Previous year: $714M
+41.2%
Free Cash Flow
-$21M
Previous year: -$62M
-66.1%
Total Assets
$7.17B
Previous year: $6.95B
+3.2%

Chemours

Chemours

Chemours Revenue by Segment

Forward Guidance

Chemours expects to deliver 2021 Adjusted EBITDA within a range of $1.1 to $1.25 billion and to generate greater than $450 million of Free Cash Flow.

Revenue & Expenses

Visualization of income flow from segment revenue to net income