Chemours Opteon Growth and Cost Savings More Than Offset Slight TiO2 Headwinds; Maintaining $17 FVE
Chemours reported strong full-year 2016 results, with adjusted EBITDA up 43% to $822 million. Strong growth in Opteon and $200 million of cost savings were the primary growth drivers. While titanium dioxide prices acted as a slight headwind, declining 3% on average in 2016 versus 2015, this has begun to turn around, with pricing up about 8% year on year in the fourth quarter. Full-year net earnings were also negatively affected by a $335 million charge for the PFOA settlement in the fourth quart...Chemours is a provider of performance chemicals. The company has three reportable segments: Fluoroproducts, Chemical Solutions, and Titanium Technologies. The company's Fluoroproducts segment is a provider of fluoroproducts, including refrigerants and industrial fluoropolymer resins. The company's Chemical Solutions segment is a North American provider of industrial chemicals used in gold production, industrial, and consumer applications. The company's Titanium Technologies segment is a provider of titanium dioxide pigment, a white pigment used to deliver whiteness, brightness, opacity, and protection in a variety of applications.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.