Chemours falls on FY core profit forecast cut, dividend slash

The Chemours

06/05/2025 22:51

** Shares of chemical firm Chemours CC.N down 9.1% at $11.00 after the bell

** Co misses Q1 profit estimates on lower prices, cuts FY core profit forecast on macroeconomic uncertainty amid Trump tariffs

** Co reports Q1 adj profit of 13 cents per share vs ests of 21 cents per share — LSEG

** Co cuts upper end FY adjusted core profit forecast range to between $825 mln and $950 mln from previous range of $825 mln to $975 mln

** Co says the outlook "assumes the existing tariff environment and known direct impacts to the business and no larger indirect impacts from tariffs on the macroeconomic environment or recessionary impacts"

** Co says it is announcing a 65% reduction in its quarterly dividend to $0.0875 per share to better align its capital allocation and achieve balance sheet flexibility

** Up to last close, shares down 28.4% YTD

(Reporting by Tanay Dhumal in Bengaluru)

((Tanay.Dhumal@thomsonreuters.com; Twitter: https://twitter.com/TanayDhumal))