Chemours Reports Mixed 2024 Results Amid Stock Price Dip

Published 17 hours agoCC

Chemours Reports Mixed 2024 Results Amid Stock Price Dip

The Chemours Company has announced its financial performance for the fourth quarter and full year of 2024, which has corresponded with a decline in its stock value. Chemours reported a slight decrease in fourth-quarter net sales to $1.4 billion, and a net loss of $8 million, or $0.05 per diluted share. This marks an improvement from the $18 million net loss in the same period last year. Additionally, the company's adjusted EBITDA ticked up to $179 million, with $36 million returned to shareholders via dividends, according to marketscreener.com.

For the full year of 2024, Chemours' net sales dropped by 5% to $5.8 billion. However, the company saw a notable recovery in net income, posting $86 million, or $0.57 per diluted share, compared to a net loss of $238 million in the previous year. Adjusted EBITDA fell from $1.0 billion in 2023 to $786 million, while total dividends returned to shareholders amounted to $148 million over the year.

Looking ahead, the Chemours Board of Directors announced a quarterly cash dividend of $0.25 per share for the first quarter of 2025, to be distributed on March 14, 2025. Meanwhile, Chemours' stock has recently traded at approximately $12.10, reflecting a minimal change from the previous closing price with an intraday high of $12.11 and low of $10.68.

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