Chemours (CC) Reports Q4 Earnings Miss Amid APM Segment Challenges
Chemours (CC) reported a significant Q4 earnings miss, with an 11.3% drop in pre-market trading, primarily due to declining sales and profitability in its Advanced Performance Materials (APM) segment. The company recorded a net loss of $47 million and a substantial decrease in adjusted EBITDA for both the APM and Titanium Technologies segments. Financial health indicators, including a high debt-to-equity ratio and a low Altman Z-Score, suggest potential distress and pose risks for investors.
https://www.gurufocus.com/news/8636936/chemours-cc-reports-q4-earnings-miss-amid-apm-segment-challenges