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Reports net sales of $1.4 billion, net income of $204 million.
November 8, 2016
By: DAVID SAVASTANO
Editor, Ink World Magazine
The Chemours Company announced financial results for the third quarter 2016. Third quarter net sales were $1.4 billion, a decrease of 6% from $1.5 billion in the prior-year quarter, primarily due to the impact of divestitures. Third quarter net income was $204 million, or $1.11 per diluted share, versus net loss of $29 million, or ($0.16) per diluted share in the prior-year quarter. Adjusted EBITDA for the third quarter was $268 million versus $169 million in the prior-year quarter. “We ...
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