Will Chemours Company (CC) Have The Same Success As Axalta Coating Systems Ltd (AXTA)?

With 37 production facilities located in 12 countries and serving customers in more than 130 countries, Chemours Company (NYSE:CC) is a global leader when it comes to performance chemicals. The company operates in three segments, Titanium Technologies, Fluoroproducts and Chemical Solutions. Since 2011, sales of the company have been steadily declining in the face of shrinking EBITDA margins while capital expenditures have been on the rise. The company’s fundamentals don’t exactly paint a picture of a thriving business. As for the first trimester, Chemours Company (NYSE:CC)’s sales saw a dip of 13% compared to the same quarter a year earlier, while EBITDA slid by 28% on a year-over-year basis.

Although Chemours has embarked on a restructuring plan to address the weakness in the global titanium dioxide market cycle and foreign currency impacts, we wouldn’t advise jumping on the Chemours Company (NYSE:CC)’s band wagon so soon and don’t expect it to have the same initial success that fellow former DuPont division, Axalta Coating Systems Ltd (NYSE:AXTA) has had.

Dsiclosure: None