None
EN
Chemours reports narrower second-quarter loss as cash flow improves
[]
Rubber World – The Technical Service Magazine for the Rubber Industry
Adjusted net income totaled $64 million, or 42 cents per diluted share, compared with $91 million, or 61 cents per share, a year earlier.
Free cash flow rose 128% year over year to $114 million, while the company’s net leverage ratio declined to approximately 4.4 times adjusted EBITDA.
Revenue from Opteon refrigerants fell 10%, while Freon refrigerant sales increased 22%.
Segment adjusted EBITDA rose 3% to $213 million.
Titanium Technologies posted sales of $661 million, up 1% from the prior-year period, while adjusted EBITDA increased to $48 million from $47 million.