The Q3 adjusted EPS miss and weak Q4 guidance (Adjusted EBITDA $160M-$185M, implying a sequential decline) suggest continued headwinds in the TSS stationary AC aftermarket. Monitor the Q4 earnings call for updates on TSS demand recovery and the pace of TT pricing momentum.
How the stock moved after the report
⚠ Clustered BEARISH VIEWSTOCK ABOVE ENTRY AT T+5- T+0 · Nov 3 $13.09entry
- T+1 · 6d ago +5.35%α +3.70% · $13.79
- T+5 · 12h ago +2.98%α +3.57% · $13.48
- T+20 · in 22d Pending
- T+60 · in 3mo Pending
Price Chart
REPLAYWatch the reaction play outHow similar events traded
Executive Summary
Chemours reported Q3 2026 adjusted EPS of $0.21, below the $0.26 consensus, while net sales of $1.54B were slightly above the $1.53B estimate. The miss was driven by a 30% decline in TSS segment EBITDA due to lower Opteon stationary AC aftermarket volumes, partially offset by strong TT pricing (+10%) and APM Performance Solutions growth (+26%). The company guided Q4 Adjusted EBITDA to $160M-$185M and full-year 2026 Adjusted EBITDA to $775M-$800M.
Key Financial Metrics
Key Facts
- Q3 2026 adjusted EPS $0.21 vs consensus $0.26 (miss of 19.2%)
- Q3 2026 net sales $1.54B vs consensus $1.53B (slight beat)
- GAAP net income $196M ($1.29/share) included $150M PFAS insurance proceeds
- TSS segment net sales down 9% YoY, Adjusted EBITDA down 30% to $136M, margin down 8ppts to 27%
- TT segment net sales up 11% YoY, Adjusted EBITDA up 240% to $85M, margin up 9ppts to 13%
- APM segment net sales up 8% YoY, Adjusted EBITDA up 71% to $24M, margin up 2ppts to 7%
- Q4 2026 guidance: consolidated Adjusted EBITDA $160M-$185M, net sales down 5%-10% sequentially
- Full-year 2026 guidance: Adjusted EBITDA $775M-$800M, net sales growth ~2% YoY
- Net leverage ratio 4.3x on trailing twelve-month Adjusted EBITDA
- Completed sale of Kuan Yin property for ~$340M total net consideration
Financial Impact
Adjusted EPS miss of $0.05 vs consensus; TSS segment EBITDA decline of $58M YoY; TT segment EBITDA improvement of $60M YoY
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 continues to face volume declines from North American stationary AC aftermarket normalization
- Net leverage at 4.3x remains elevated, limiting financial flexibility
- PFAS litigation and environmental remediation costs remain a multi-year overhang
- Full-year 2026 Adjusted EBITDA guidance of $775M-$800M implies H2 weakness relative to H1
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302926970 |
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 3 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 No price data
- Nov 2, 20268d ago Press Release Bearish 5/10 Viewing 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