The Chemours Company reported second-quarter 2026 financial results, highlighting stronger cash generation, progress on debt reduction and continued momentum in specialty markets, including data center and semiconductor applications.
The global chemistry company posted net sales of $1.6 billion for the quarter, remaining approximately flat compared with the same period last year as pricing increases across its businesses helped offset market pressures.
Chemours reported a net loss attributable to the company of $274 million, or $1.81 per diluted share, an improvement from a net loss of $380 million, or $2.53 per diluted share, in the second quarter of 2025.
On an adjusted basis, the company delivered adjusted net income of $64 million, or $0.42 per diluted share, compared with $91 million, or $0.61 per diluted share, in the prior-year quarter. Adjusted EBITDA came in at $247 million, compared with $260 million a year earlier, reflecting a strong prior-year comparison driven by Thermal & Specialized Solutions aftermarket performance.
Cash generation was a key highlight, with free cash flow improving 128% year-over-year. Free cash flow conversion reached 46%, while net leverage declined to 4.4x as Chemours continued efforts toward its long-term goal of maintaining leverage below 3x.
The company also continued to push pricing actions in its Titanium Technologies (TT) business, announcing an additional global TiO₂ price increase effective June 1, 2026. The move contributed to an approximately 5% year-to-date increase in TiO₂ pricing within net sales.
Growth was particularly strong in Advanced Performance Materials (APM), where Performance Solutions net sales increased 8% year-over-year, driven by demand for high-value specialty products supporting the data center and semiconductor end markets.
“Our second quarter results reflect disciplined execution across our portfolio, with Adjusted EBITDA near the high end of our guidance range and Free Cash Flows above our expectations despite a dynamic macroeconomic environment,” said Denise Dignam, Chemours President and CEO.
"Progress on pricing actions in Titanium Technologies to drive value, and increased sales in APM’s high-value Performance Solutions portfolio supporting our momentum serving data center and semiconductor applications, and continued traction in our liquid cooling solutions, highlight our efforts to drive commercial excellence and growth.”
Dignam added, “Chemours also made meaningful progress strengthening its balance sheet through improved cash generation and reduced gross debt, while advancing resolution of notable legacy litigation. Looking ahead to the second half of the year, we remain focused on the actions within our control and committed to executing against our Pathway to Thrive strategy.”
Chemours said it will continue focusing on operational discipline, commercial growth opportunities and financial improvements as it moves through the second half of 2026.
