TiO2 Pricing and Growth Projections: Unraveling Contradictions in Recent Financial Calls

Strong Second Quarter Performance:
- The Chemours Company's TSS business delivered impressive results with Opteon Refrigerant sales growing 65% year-over-year and contributing to a 35% adjusted EBITDA margin.
- The growth was driven by increased demand due to the 2025 U.S. AIM Act transition mandate and seasonal demand.

Operational Challenges and Recovery Efforts:
- Chemours faced discrete operational issues in its TT and APM segments, impacting third-quarter results.
- Actions have been taken to address these issues, including a focus on operational discipline and cost-out diligence, with an anticipated recovery in future quarters.

Settlement and PFAS Liability Progress:
- The company reached a settlement with New Jersey, with a present value of $250 million, alleviating environmental claims across multiple sites.
- The settlement, coupled with insurance proceeds, fully funds $200 million of Chemours' New Jersey payment obligations through at least 2030.

TT and APM Segment Performance:
- TT's sequential net sales increased 10%, driven by increased volumes and flat pricing, despite a weak global demand environment.
- APM saw a 14% sequential sales increase in the same quarter, attributed to strategic execution and a shift to higher-value applications.