Why did CC's Q4 earnings exceed forecasts significantly?

Chemours' Q4 earnings exceeded forecasts significantly due to several key factors: 1. **Revenue from Thermal & Specialized Solutions Segment**: This segment experienced a significant 17% increase in sales, driven primarily by the rising adoption of next-generation, low-global-warming refrigerants. This shift has led to about 50% of sales coming from eco-friendly refrigerants, which has been a major growth area for Chemours. 2. **Titanium Dioxide Performance**: Despite a 15% decline in the Advanced Performance Materials unit, the Titanium Technologies division saw a 7% increase in revenues, reaching $651 million for the quarter. This growth was attributed to the implementation of the Titanium Technologies Transformation Plan, which contributed to operating expense savings and enhanced profitability. 3. **Cost Management**: The company reported adjusted EBITDA of $176 million for the quarter, marking a 47% year-over-year increase. This was primarily fueled by healthy demand within the Thermal & Specialized Solutions Segment and improved cost management overall. In summary, Chemours' Q4 earnings exceeded expectations due to strong performance in its Thermal & Specialized Solutions Segment, particularly in next-generation refrigerants, and effective cost management despite challenges in certain segments.