- Earnings call transcript Q3 2022

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Operator

Good morning. My name is Rob, and I will be your conference operator today. At this time, I would like to welcome everyone to the Chemours Company Third Quarter 2022 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. you. Thank Instructions] [Operator Vice conference. Chief Senior may Officer, begin your President Lock, Development and you Jonathan

Jonathan Lock

and morning, I’m Rob, Officer, Chief quarter Mark Thanks, Financial good President and XXXX Company's the Newman, Vice earnings third Sameer Chemours Officer. Ralhan, conference President Chief call. and joined Senior by everybody. today Executive Welcome and to

statements presentation website Before I’d like supplemental of may made Chemours future forward-looking undertakes as are based call expectations future are this events in involve we any and no duty that uncertainties, information. differ, to the comments risks and to our the be of start, as Chemours well provided statements of not These results result future update as may information and statements a that our performance Actual described developments and on in certain on forward-looking contains filings forward-looking remind new assumptions you on SEC. as not or and guarantees that with realized. in

course included at the our of financial will useful refer are believe the call, of release our adjustments investors management of non-GAAP evaluating we that and are terms performance. to A measures non-GAAP company’s the to reconciliation end in and certain this presentation. During

reminder, Mark With on plus to Newman. over our a earnings purely This turn and our prepared release. CEO, posted focus transcript our our I’ll recording As Q&A. alongside website Mark? remarks, call the earning audio our been an full a to deck has that, morning’s call will

Mark Newman

value our priorities growth to for through managing power run, the significant uncertainty, the legacy four free joining to committed we expect is flow appreciate our strategy. and us. cycle, and these macroeconomic We doing increasing the earnings Thank attaining well structural while you, remain businesses, of majority the our growth TSS liabilities cash today you to In everyone showcases resolving of the shareholders. TT Jonathan. returning quarterly strength in and performance of our I APM I generate Despite shareholders. our secular hope improving long and

up So it open with that operator, questions. let's for

Operator

line [Operator question Sachs. Instructions] And Duffy from first Fischer Goldman of comes from your the

line Your is open.

Duffy Fischer

guys. Good me? you morning, Yes. hear Can

Mark Newman

you. Go ahead. can hear We

Duffy Fischer

Okay. Great.

just question slowdown magnitude so to when XXXX, the wasn't And at of the maybe is last guys TiOX portal look the compare first far, portal you've had time slowdown. you at the seen fully time point, market, go of you that So a kind vis-a-vis double would think the down expect back we business basically were XXXX. slowdown business volumes How developed. if the handle when the to last you this contract versus I to your that

what price see and juxtapose market that better think of it your than you've new within program kind the time? that from infancy of you Can matured in price. this at an of held now kind period versus you'll Your you

Mark Newman

with Yeah. regained Hi, as of was then more Ti-Pure and a XXXX some story share We've Duffy. TBS. that of loss a That's great share were that implementing question. we the Stabilization. in Value of implementation Listen,

QX is into combination slower we're QX the demand. go and what as a in really of So we seeing lot

year about of earlier said XX% we contracted. As still the was business in our or

of to to portfolio. obviously, the from contracted that we're respond we demand seeing we quarter-to-quarter, our good. across but varies in is and is, business It TBS so roughly that stay expect the customers with And And value line. ratio our market proposition signals the

Latin And in America. mainland in said in China. Asia, we're in America we volumes Europe seeing really continue more As our Americas, September, to do specifically North in demand and in so well this the and guide and

coating very come And a it response has and trying in off kind is, one the inputs by the higher we're I lower we're to that much year what of through production. through a look our the responding a to to earlier bought also I demand. QX. is, And P&L. And they that alluded number we really compare the that to about through as demand think way So time idling cost running to in way especially at companies of have fast pretty the is seeing significantly same we're think

all kind So of you have of these coming together. things

with I to sort our the on we some advise rolling be running cost inputs folks that high TBS compare think of we're at which much through to months a in periods, better look I quarters. expect next business, performance to would TiOX of with XX even the couple of

Duffy Fischer

down track us margins, COGS for much market current that because the are about And kind stuff your than I can we this running through run us QX? absorbed next should as plants, the materials. operating a into then how to rates? bit from that of bought that's earlier year. most little think of unit Does Great. the of couple or But per price extra incremental above unit basis raw kind unit of going things and think then like less on of tricky how is priced at you high can help of anniversary optimal overhead other ramp kind a you And you cost just quarters part

Mark Newman

half to year-end, from a of we'll on come and production to a of production clearly, So minute, volumes comment our Sameer we end finished goods mind, some we're into be more I'll TT as expect inventory cash expect our to off the production. And match in down accordingly and our in QX. own we so, ask schedules bottom between our view, to adjust second somewhere with that target QX in margin better bringing demand. perspective. would we've we off with to as of our focused but in meet clearly here been In demand adjust into And

ask to comment. Samir So maybe that, with I'll

Sameer Ralhan

TT of the Thanks, And Mark, Look, look side, right. production kind business. in we Duffy thanks, means, our question. the the demand cost lot right, and Mark you aligning of at as for that said, are with things,

on season start But QX. timing going to in the the some should to we create the of in the operations you're costs value seeing perspective going the to also are longer towards the from started from the these and sitting a well started that with of going And we side -- but ultimately sense to the overall cost makes through come the running as positives I what and suppliers as we -- for working our end. term. both are positives in and see most portion, us the smaller to the quoting benefit some end at, look should seeing QX the over we hit higher seeing have as we're down is, First think just probably run inventory

Duffy Fischer

Great. Thank you, guys.

Mark Newman

Thanks, new enrollment. Duffy and congrats on the

Operator

line next Your from RBC comes the question Arun Capital Markets. Viswanathan from of

open. Your line is

Arun Viswanathan

morning. question. my taking for Thanks Great. Good

up following I It the guess, year. Just were able little full a like on bit. the sounds to guidance, you reiterate

It on given for of upside on And flush comments Could that you Thanks. like and TiOX. sounds just then is your just that us coming as from well? out just now guess so, I more in TSS APM.

Mark Newman

Yeah.

in September, So, snap are APM of these would in TSS fact, have had years the already a would have a record been would the and having if year. two businesses. end We great at that And line and year. you

the and And actually lines In in on have year-over-year with products with are see the and area globally. growth of clearly, both fade supply here, hydrogen. U.S. growing advanced work demand price we platforms while for excitement seen at TSS, being APM, working. are have we have businesses both of announcements a our our in strategic you'll company. continue marketing around in volume these in we chain story areas done like So so look growth and at this our On as Semicon of rates the you'll much less we lot secular better Opteon our globally on double-digit chips. And or a of some rollout -- recent electronics

of on today So on is And our I APM, clearly TT the focused cost couple next as on quarters. we growth. and and demand, the here side the in line lower think way really but company is team an adjustment singularly our the focused TSS inventories about deal through the with bringing going achieving we're into is

year record growth far that would we we've this expect would -- we so continue XXXX. And seen into and to quarters so

we're think clearly a our TT year. and I our the for business through and a businesses in earnings guide full transition where APM more generating going while demand bit adjust reflected our are that's So TSS of structurally the for we

Arun Viswanathan

in Thanks a for And hearing to sounds given And Okay. China. in ‘XX. that like What little that. Are in makes continue to strength on mitigate business of maybe expect a especially that then electronics have weakness? that? follow-up APM, you Chemours the any we slowdown seeing some it you different just been as

Mark Newman

growth the on term going several there's we demand So the over and listen, that double-digit see lot say I'd is certainly infrastructure in years demand driving this area. near a next Semicon

moderate terms in Maybe in some of record be in chips. we might I’ll slowing quarter there overall of of Sameer additional book comments. another ask terms make our QX. had business, some to So But

Sameer Ralhan

Arun. Yeah,

lot side. electronics a the see on consumer You

So for a consumer electronics, yes, us. portion that's but smaller

side. Mark typically project you heavier started, the know get We lot are they once through. and And into the as infrastructure said, why that's

stays side on demand strong. the pretty So that

Arun Viswanathan

Thanks.

Operator

Your next comes BMO Markets. from Capital of question from the John McNulty line

Your line is open.

John McNulty

taking Yeah. the can businesses. Good on Maybe my for two specialty Thanks start out question. I morning.

to you've a your kind bit yet APM this segment, to year volumes the seem unlocked So and constrained kind of get all long, the I bit a quarter. think of capacity spoken

They're like And costs We've normally TSS than terms in of pretty dip these don't they're I seems margins. the through know from some So the us to XQ, would say see guess high running understand got to pretty raw that hanging kind bake you half coming for hot. you business, But seasonal in the said, materials. first then of hey, the I pipe other can help well. of kind pretty we in that?

as to going can us if guess, understand you expecting bit we I XQ be and a on XXXX? more of into we dip And of help there? into should So look a kind what's

Mark Newman

these businesses a two So we've portfolio. great TSS in seasonally QX. is weaker our specialty Clearly, John, thanks for -- pointed to acknowledging

(ph) inputs we really folks sure has have year. the value sell the the Denise's in APM, job make business. this And unlocking that. that, to other leadership our product multiyear really understand of leveraging growth secular On customer refrigerants lines. -- So than we a nice scarce under We been But to our throughout capacity mix is in the enhance we highest middle winter. of less and product want done team a

work beyond. ‘XX that that, really some going of are growth in behind we'll lot there. in obviously that overdrive a starting in And put expansion So and businesses investments then happening we've high these approved

we TSS, the in mix both the a assets, On existing innovation this really pricing variable both say on business has very -- and unlocking capacity as to and perspective. seasonality well. of the from perform I'd job really outside Lots driven biasing continues growth business nice that that's team EBITDA of happening So well, margin done a and margin. a

You to read recently from the that will our have we respect award Opteon XPXX. with of AHR received

the to comments. on So customer and really all drive show we -- growth can know around that in you based Sameer, in additional earnings both don't in Opteon continue I markets any the here we centricity if world. have our

Sameer Ralhan

pipeline exit Mark, is, points, lower to the that you that flow end only as are as going the the in to just I Hemisphere the point I but mix. going the QX, I are bit some make the we QX, Hemisphere regional see margins as all think given inflation product the would I see we on of of the material the towards some well changes, these Northern raw heavier kind I impact. of But to kind margin Southern and we on a through we other side, the the a things want point get to the inventory. again little think be just into QX, because in And business so of more moves the think into also tend covered as to some of mix little on side,

QX as you're a as going into that to to bit well. see going of So little move

John McNulty

it. Got

then the I ask Titanium platform. Technologies maybe Okay. helpful. No, can that's on a follow-up And just

like I kind just instead triangulate of three. going between looks So in like two-digits is mean, of to when looks the implied coming APM of with it and EBITDA, guidance be TSS. you kind TT It it's

into of when the, $XX in know, bit quarter. you maybe with cost lighter that in million up get is $XXX -- Because or fourth in guess heavy the a gradually weren't the you'd you -- range relatively high running little like ores for a at I XQ see we kind through where it Like it this I is grind big admittedly. So jump the like than you and the get that again. I see how cost levels maybe you mean, lighter can year? and would seem I a something steep can million as destocking. how TT coming have XQ to of guess, somewhere get next does we sure don't We is higher?

Mark Newman

Yeah.

So business I view by we we're cost in we against off. your do thing I adjusting the production think math our is, again, on the for P&L, And right the demand. John, is on still the year. Sameer -- higher as say, inventory term to, working clearly, want schedules long through bought And just far that not the alluded observation early would to

to we will back basis, little the year. where where a And business these So That XX% here the today adjust are is that this couple rough over and seen take exit singularly are team over to than target as But team without TBS. better of our a on sort if focus of you the lot margin production focused achieving But we earnings XX from clearly, we've we going of to that. time. are certainly the lows prior time we month a have look at get this trailing a is schedules. quarters

TBS, point European like of other assets, our set the of turbulence, I up look make I our The the quality terms here book of business well would U.S. supply is energy feel tied fact we're versus the on the of when our TT that some weathering versus in at and to and we're business, competitors. I our

in So mix you should I think put the that well. as

John McNulty

it. color. Got it. Thanks Appreciate for the very much

Operator

the Your next of question from Mike Leithead line from Barclays. comes

Your is line open.

Mike Leithead

Thanks. Great. Good morning, guys.

Mark Newman

Mike. Hi,

Mike Leithead

morning. Good

high of want XQ maybe on how early high then can First about versus that just on you're just the frame last to just we carrying part COGS level I related you last again implied like over should cost to transitory segments. be follow-up the And through might the through you the split maybe question, outlook. one or quarter into what question, Can just next earnings or year is? running where of so given the are thinking maybe the expect the just us -- walk kind help maybe what between the seasonal macro that next

Mark Newman

or by So segment Mike, we don't guide by quarter really.

expect of to with trying into on inventories allows a to next decline go our we finish align full to the stands our side. range. next and bottom a year. guide is the it's still schedules demand provided through materials that we to and really better in XQ probably And in with be as say that as way expect on that our have September acknowledging that I'd us what we TT own So Clearly, bit going we within would year demand in our production of adjustment in we're of we guidance I couple this think year we're an quarters,

and these tight customer we're very with the to as into that we the more make very have side no I next achieved real And team will being promise. go progress couple By focused we're TT quarters here to needs when team meeting have making focused this where this high on way, the was doubt adjustments. year. on of a delivery we was cost market So very going now

Mike Leithead

in and give extend to I how can And the anything along then you're willing enough. IRR Nafion, capacity serve relative of us secondly, a bit hoping far periods? recent just maybe of the size color your if to million terms $XXX in expansion just give ability you payback more that market Fair was expansion,

Mark Newman

last of question. excess with our the well high in start return are These projects, cost I'll capital. very of Yeah.

to the be So are expect do. to fuel electrolyzer great these and and cell said expansion XXXX. billion $X billion $X projects between We've that by market we somewhere membrane

a And lot very And the so expansions we come at based market good hitting to announced this capacity, be in on stride announced early late ‘XX. ‘XX, in expect time. would of we'll a the online

liberating of earlier, membrane. that the on on results, As markets you the high value seeing existing you're team APM when I impact capacity said like at look assets

next So share very goal this with a very capacity in have to consistent continue this coming continuing will membrane our actually view and through being significant capacity year. meaningful through as new increase in that but a of our a leader market online, membranes.

Mike Leithead

Thank Great. you.

Mark Newman

Thank you.

Operator

comes America. next question of from from Your the DeYoe Matthew line of Bank

Your line is open.

Matthew DeYoe

of as been be morning. the press (ph) there know pushback? potential able and floral certain positive risk to in I too at products Good that hasn't to community Fayetteville. any the piece it expansion in you keeps kind won't that Wilmington least region Is your given (ph) relates debottleneck

kind happening So couldn't Is that reason elsewhere? that Is maybe that of why the Nafion is you any expansion? done? there get

Mark Newman

will Matt, that it we As we done. things see quite confident we're today, get

and to have with good local very the We continue the engagement (ph) DQ community. local

sort this is permitted so capacity debottlenecking within And today. of our

wouldn't any I us expect issues to So whatsoever. have

Matthew DeYoe

Understood. at if think for cadence about we price year. of least And early, the we as TSS it's or kind year through next I know but the move

Opteon have OEMs. auto price You'll to concessions

starting about usually I I keep through continued up or somewhat side we as but HFC think should So price as it it look guess? flat? on negative, we the that that about now, does How have legacy think roll will

Mark Newman

good rollout and this into Samir? the kind year, we we that Opteon. not good we Clearly, which business of there's have But AIM different volume the the growth this of to So we've a will going continue change into we clearly, a quota good pricing same the quota market saw last consistent of provide expect dynamic. as mechanism. to price that this pricing XXXX, quotas with down step go year-over-year had with expecting have we We're adoption had the or would earlier mechanism. with activity the very

Sameer Ralhan

I of couple -- things add for as better as of and but the expanding, an pricing expansion the happens are on Yeah. as of kind of Matt, the businesses, the think the about Mark. better pricing side aftermarket and the side there Thanks, also is you would margin and adoption the Opteon mixes aftermarket Opteon well, business that's as see us. should we a

should well forward. helpful that as we're to be going So as move

Matthew DeYoe

Thank you.

Operator

Spector line comes question the from Josh next of from Your UBS.

open. is line Your

James Cannon

the much my whether Hey, And any the business? flex of Josh. if just or contract Titanium for pressure some you're negotiations -- is wondering on some the taking business. the there? Cannon color give declines How you or was I not Thanks on for This is James guys. in any on question. or could of pricing pushback on that volume the seeing

Mark Newman

Yeah.

So I'd contracted. is say, we about as of majority are XX% business said, have our the

So decline, reflecting demand customers. the say it's contracted I'd decline really our in with volume the of

But release, prior in prices remain the about sequentially. contracted on you activity As our book. we think spot flat, continue I price that flex have portal And prices off our saw kind highs. we see of clearly is our good come on have which to way relatively from

So the in say of that I seeing mix that's price quarter. would you're a volume kind

Sameer Ralhan

would James going Yeah. think I than about would our think from volume a to The is, regional I from only channel other you're a rather equation. as point bit make perspective. little perspective more

have of us and in decline. good where holding As a well. is pretty earlier Mark for and Asia as up volume remarks, well majority and his is, we has it's been America opening America Latin said Europe North market seen the is

James Cannon

were side, And the XXXX? expansions out, about APM Great. growth you could additional rates the you're talked we quantify be to we Okay. much that capacity there. seeing If assume pan the on by could needed how then capacity

Mark Newman

Yeah.

future. the relates needs to it this for will our certainly serve membranes, So as foreseeable

As here we look from out today.

a company businesses, and previously. of abatement We XX.X%. best-in-class especially compounds significant APM support -- estimate floor the achieve I corporate the we're is technologies before to CSS. XX% our reducing And between to think capital by all our commitment of our expenditure of and in reasonable think making said for pretty envelope on this XXX responsibility CapEx organic aspirations somewhere growth XXX whole I've

that forward my So businesses mind this get outside we as worry across move in three in I think time. envelope there's CapEx our no we'll meaningfully

James Cannon

Great. guys. you, Okay. Thank

Operator

of next Ahmed Hassan Your Alembic Advisors. Global from question line from comes the

is Your open. line

Hassan Ahmed

and Mark morning, Good Sameer.

revisit contrast arguably the Look, to compare are to wanted Just made as And what in the some XX%. of competitors, X% you high comments some declines in TT. bias. as volumes. European with when that in of your I from sequentially Those of sequential sort about I'm hearing volumes volume declines

you to like? than the the me just what So trying color broader demand could I'm some understand and better right market market now, give you are around looks wise, materially if like doing the

Mark Newman

Hassan, good great a morning. That's question.

when some probably bigger to at we mix, clearly, competitors exposed exposure who Europe. have look a of America our more North our So than we're regional to

in the pretty And to Mainland volumes a fall dramatic so seeing Europe, and Asia, in especially off earlier of comment China.

that I the into think works equation.

more adjust would volume other As the in expect seeing, and Pacific. production to some Asia really in commented to into of analysts have what schedules we clearly, declines QX our again, dramatic going we're Europe,

regional So more kind to clearly, I more with get over of market our But biased of also the America next biased is -- can benefit. to look sort America, where we the very and our at North QX North and think is QX where in to mix two, production one; over I is. mix this line

as For down. and come prices input other gas example, costs natural

Hassan Ahmed

pretty APM of overall the guys fortunately business. obviously, you cyclicality in that the as have it's the in, a unfortunately, more the I the a us lines TSS TT, great And it again, That growth nature industry on remains continue mean, it. yourselves clear job of within portfolio. included, follow-up, is the but reducing done there. And the show business, to or guess I

here side how mean maybe side? So sits as between now. the the cyclical about and the right you overall it of is business more thinking broader process portfolio thought I are there a split some growth of the

Mark Newman

Yeah.

focused bit shareholders the And near four think not would longer priorities. will very this leadership strategy. on those despite sort remain on term significant this term focused headwinds we strategic sprint. team focus in And So the is a TT four singularly focused a of a and of clearly, This Hassan, we say, generate I'm I is over return marathon, areas time.

never think I (ph) our So we've deep flooring TT there's business between tie our commercial commercial any that sort said business. of -- and

always we've it that our appropriate would I So Board today. that's that path something on relates no intention any but clear. restructuring, work down certainly But to been to at think clear the as we move with time,

Hassan Ahmed

much. Thank Very helpful, you so Mark.

Operator

Your comes next Vincent of line the from Morgan question from Andrews Stanley.

Your is line open.

William Tang

guys. This on taking Thanks Hey, my is for Will here. question Vincent. Tang for

to So to business. to margins as the look should we are then range of that the getting of of of as back in pricing kind of kind I in remain demand get margins recovery, things outside expect you kind EBITDA need guess TiOX kind what overall volume market goal XX% of XX% to long And about there? I below your that EBITDA know is TT outside But, order talked and relatively happen maybe, weak. of --

Sameer Ralhan

we'll going Yeah, off. we to I'll through through and as This margin, get it's Essentially, Sameer. the that Mark inventory going QX, have. Will. right, kick high is said, as to at the QX priced you're get look

So that's margin we'll yes, that, those low I better same (ph) But a get at much a from through the perspective, pricing time. think overall, be position. in things -- are once we

well. We the with along demand production are our as aligning

as should So the in helpful a position margins well. be that better in getting

at I way So you think the look it. should that's

giving more ‘XX. you around to as the low for of give mid-XXs give view to sort may is will get the be look like the into you're to -- time. But going margins that's guide, ‘XX Our over what we goal

William Tang

Got you.

seeing you in the the TiOX given What of further upstream demand guess loosening I significant (ph) then kind of we're amount there? you in weaker seeing And kind kind guys a of Are Okay. SMB ore market? are that seeing. of

Mark Newman

we've dialogue with cost and -- all suppliers well, a the I very a long term active as the in situation to because our terms want we mean, of kind to with as means production right, I what earlier, Yeah. win-win that ultimately everyone. be drive the for Look, for us demand of I respect strategic having said of on think all suppliers, been with aligning

started yes, the well, which So we as that is on some movement seeing positive side direction. in

William Tang

Got Thank it. you.

Operator

Laurence from comes Alexander next from Your question of the Jefferies. line

is line Your open.

Kevin Estok

My question your think normal if just compared they Good on to -- second TiOX? what perspective Kevin is at just question elevated, Estok guess, inventory my expanding about This to Hi. so margins levels? morning. first on all customers how was expanding winter heading for is affects is for levels your wondering like on Laurence. into you're you your for restate that margins is, And I wondering how required I

Mark Newman

I elevated say the TiOX Europe But in levels And Kevin. Clearly, for America, of are accordingly. the Hey, their North a wouldn't I'm sure. quite has I season, there be inventory that been say across and China In want customers board adjusting are levels for where just strong. and coating in for the coating would inventory dramatic. remains could inventories on U.S. consumer very view focus slowdown we remind moment. if fact, I as the think in even especially, some anticipation Americas the season. I everybody a we just prepare inventory are with line the that of builds to our robust end customers in them. And want in are

of the and impact higher would seeing -- pricing we're the on COVID the energy in while European consumer China. say So I lockdowns

North very American customer activity end We robust and are consumer seeing activity.

basis. expectation is seeing haven't growth year-over-year So we seen our revenue really America North change a on in fact meaningful still in and book any our we're

want just we make keep us in I to mind. sure So that

Kevin Estok

Got it.

Operator

comes your next line of the from [Technical question Difficulty] And

Mark Newman

Difficulty] on weak this of [Technical Difficulty] half And second reports industry. the how overall based I suspect the in [Technical terms

Unidentified Participant

idling time of taking some total a Asia say, for down, is Can any Difficulty] just a weak. lines [Technical so you percentage the entire sense give well, capacity, capacity? at you are of capacity. And saying, like TiOX you what plant, I plants versus idle understand, when idling

Let's the for Taiwan facility idle a all time? of

Mark Newman

close we something the keep consider information. the flexibility We plants. individual (ph), that disclose down taking to have Roger But of we don't at So lines we to that want that our vest.

As you competitive to know, our our plants are quite large set. relative

we given when competitor a size could equivalent of facilities. be the idling a idle a that our So line plant to

say we we're So taking that dimensionalize, should help you some sort when idling. of

One significant. of is lines quite our

Sameer Ralhan

just right? kind can ore respect our Roger, of of And that mix we As think the about think the add is Sameer. to that to as you this you flexibility with plans, kind use. is, I'll about

So flex and the can well. the with structure as we our market a strength capacity conditions on quite cost technology optimize bit based of that our

Unidentified Participant

just one one last this it. one. Got on And

If physical you do is idle cost it when it onerous and do line you not facility, a a terribly you relatively at a or -- is from standpoint, that? easy when and cost

Mark Newman

team our knows this something Roger, is to well. how do very

one our they're And it's on TT ready very demand. take that I is line manufacturing. how bring bring So great team, out back say to they market we really be based of line system, the up at thing down, a to quickly -- but would cost simultaneously know

think this we loading line manufacturing and approach flexibility a perspective. as Value we mind in an flexible both a of Stabilization, Ti-Pure clearly designed as had So very our from ore

And our so time. which just we're following over proved has very successful playbook,

Unidentified Participant

much very that. I for you Thank it. appreciate

Operator

are there Newman, some closing you Mr. back turn And the no I time. for at further call remarks. over final to questions Mark this

Mark Newman

today. Rob, and you for us you, thank all Thank joining

focused we of needs thankful environment, well. I our about on in for uncertainty and increasing the I'm business team thought Chemours As the running caliber the the as at our here macro that's customers have staying very high global meeting

APM. cash. of capturing we focused a today, we're growth We're earnings meet demand. through And transitionary growing TT we're year-over-year. at covered full of on to lot But potential also when we've we time as As a some we're and generating are TSS production doing going adjust the that very on issues

with flow. will In $X.X low fact, the year And sit relatively this be that generated over free leverage. billion we've cash in third we

that of priorities for couple our But understand focused you quarters, to whatever what's all us create that four be. key we in value. long term we're remain may I on next want shareholder So the at ready coming to strategic

And so, I your be thank touch. you again and interest we'll for in

Operator

concludes for you your This conference participation. today's call. Thank

You may now disconnect.

The Chemours Company (CC) 26 Oct 222022 Q3 Earnings call transcript