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Shows strong improvement in free cash flow despite weak global demand.
August 11, 2020
By: DAVID SAVASTANO
Editor, Ink World Magazine
The Chemours Company announced its financial results for the second quarter 2020. Second quarter 2020 net sales were $1.1 billion in comparison to $1.4 billion in the prior-year second quarter. Results were driven primarily by lower volume across all segments. Second quarter net income was $24 million, resulting in an EPS of $0.15. Adjusted EBITDA for the second quarter 2020 was $166 million in comparison to $283 million in the previous year second quarter. Free cash flow was $50 mil...
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