Chemours (CC) Q3 2023 Earnings Call Transcript Summary
In the recent earnings call, Chemours (CC) presented both positive and negative aspects that could impact the company's future stock price.
Here are the specific viewpoints from the earnings call:
Bullish Points:
1. Double-digit growth year-to-date of 11% in Performance Solutions.
2. TSS business continued with strong performance with another record net sales.
3. Seventh quarterly net sales record in a row for TSS business.
4. Step-down in the AIM Act driving further Opteon adoption in 2024.
5. Immersion cooling in data centers represents a $2 billion to $3 billion addressable market by 2030.
6. Expansion at Washington Works plant in West Virginia.
7. Strong auto bills and EV adoption.
8. Cost reduction focus in TT.
9. Commitment to $100 million for next year.
10. Excitement about growth in TSS and APM.
Bearish Points:
1. Weaker second half of 2023 than expected.
2. Lower TT volumes driving year-over-year performance deterioration.
3. Demand weakness in APM business, especially in advanced materials.
4. Permitting delays impacting Q3 growth in Performance Solutions.
5. Significant volume hit to the franchise.
6. Higher input costs at the beginning of the year.
7. Weak volume environment.
8. Prolonged destocking in TiO2 market.
9. Challenging year for the company.
10. Uncertainty regarding the '24 coating season recovery.
For more information about Chemours (CC)'s earnings call, you can read the relevant news: Chemours (CC) Q3 2023 Earnings Call Transcript
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
