Strong Performance in TSS Business
The TSS business exceeded expectations with a 40% year-over-year net sales increase in Opteon refrigerants driven by increased demand for blend. Margins were driven to 30% due to strong contributions from Opteon sales.
Strategic Agreement with Navin Fluorine
Chemours announced a strategic agreement with Navin Fluorine to produce Opteon 2-phase emergent cooling fluid, aimed at addressing data cooling center needs created by AI and next-generation chips.
Successful Mitigation of Tariff Impacts
Chemours has effectively mitigated tariff exposures, particularly in the TSS segment, by leveraging supply chain flexibility and sourcing strategies.
Improved Cash Flow Outlook
Operating cash outflows improved to $112 million from $290 million in the same quarter last year, with expectations for free cash flow to be solidly positive for the full year.