The lowered full-year adjusted EBITDA guidance and the TSS segment weakness are the primary negatives. Monitor Q4 2026 results for TSS volume recovery and any further guidance revisions, as well as the trajectory of TT pricing and APM Performance Solutions growth.
Price Chart
Executive Summary
Chemours reported Q3 2026 adjusted EPS of $0.21, missing the $0.26 consensus, on revenue of $1.54B, slightly below the $1.53B estimate. The headline GAAP net income of $196M was inflated by a $150M PFAS insurance proceeds receipt, while adjusted EBITDA rose 6% to $200M. Full-year 2026 adjusted EBITDA guidance was lowered to $775M-$800M from the prior $800M-$900M range, signaling ongoing margin pressure in TSS and higher costs.
Key Financial Metrics
Key Facts
- Q3 2026 adjusted EPS of $0.21 missed consensus of $0.26.
- Q3 2026 net sales of $1.54B were up 3% YoY but slightly below the $1.53B consensus.
- GAAP net income of $196M included a $150M PFAS insurance proceeds receipt; adjusted net income was $31M.
- Adjusted EBITDA of $200M was up 6% YoY but down 19% sequentially from Q2 2026.
- Full-year 2026 adjusted EBITDA guidance was lowered to $775M-$800M from the prior $800M-$900M range.
- TSS segment net sales fell 9% YoY and adjusted EBITDA dropped 30%, driven by lower Opteon stationary AC aftermarket volumes.
- TT segment net sales rose 11% YoY and adjusted EBITDA surged 240% to $85M on pricing actions.
- APM segment net sales grew 8% YoY with Performance Solutions up 26%, driven by data center and semiconductor demand.
- Net leverage ratio improved to 4.3x from 4.6x at year-end 2025, with total liquidity of $1.7B.
- The company completed the sale of the Kuan Yin property for total net consideration of ~$340M.
Financial Impact
Adjusted EBITDA guidance cut by $25M-$100M at the midpoint; adjusted EPS miss of $0.05 vs consensus.
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Thermal & Specialized Solutions | $510.0M | -9.0% |
| Titanium Technologies | $680.0M | +11.0% |
| Advanced Performance Materials | $337.0M | +8.0% |
Risk Factors
- TSS segment headwinds from lower Opteon stationary AC aftermarket volumes may persist into Q4.
- Full-year adjusted EBITDA guidance cut signals ongoing margin pressure and higher costs.
- PFAS-related litigation and environmental liabilities remain a significant overhang.
- High net leverage (4.3x) limits financial flexibility despite recent debt reduction.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001627223-26-000032 |
| Document: cc-20261102.htm | 0001627223-26-000032 |
| Document: 0001627223-26-000032-index-headers.html | 0001627223-26-000032 |
| Document: 0001627223-26-000032-index.html | 0001627223-26-000032 |
| Document: 0001627223-26-000032.txt | 0001627223-26-000032 |
| 8-K Data (Synthetic) | 0001627223-26-000032 |
Track record
18 reports on CC
1 of 3 bullish or bearish reports moved the stock their way by T+20. Best: +14.25% at T+60 after the Aug 14, 2026 report. 1 of 4 went positive at some point.
Filters
- Nov 5, 20265d ago Institutional Cluster Mixed 3/10 Entry $12.75 Now $13.48 +5.73% settles Dec 4
- Nov 3, 20267d ago 10-K/A Neutral 3/10 Entry $13.79 Now $13.48 −2.25% settles Dec 3
- Nov 2, 20268d ago 8-K Bearish 5/10 Viewing No price data
- Nov 2, 20268d ago Press Release Bearish 5/10 Entry $13.09 Now $13.48 −2.98% settles Dec 2
- Oct 27, 202614d ago Press Release Neutral 2/10 Entry $13.36 Now $13.48 +0.90% settles Nov 25
- Oct 21, 202620d ago Press Release Neutral 1/10 Entry $13.03 Now $13.48 +3.45% settles Nov 19
- Sep 10, 20268w ago 8-K Bullish 7/10 Entry $15.07 to $13.83 Now $13.48 −10.55% ▼ −8.23% −10.35% vs SPY
- Sep 9, 20268w ago 8-K Neutral 3/10 Entry $15.04 to $13.98 Now $13.48 −10.37% ▼ −7.05% −9.24% vs SPY
- Aug 14, 202612w ago Institutional Cluster Bearish 5/10 Entry $15.72 to $14.68 Now $13.48 +14.25% ▲ +6.62% +4.64% vs SPY
- Aug 13, 202612w ago Insider Cluster Neutral 3/10 Entry $15.85 to $14.58 Now $13.48 −14.95% ▼ −8.01% −6.02% vs SPY
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers