The Chemours Company (NYSE:CC) Q1 2023 Results Conference Call April 28, 2023 8:00 AM ET

Company Participants

Jonathan Lock - SVP and Chief Development Officer

Mark Newman - CEO, President and Director

Sameer Ralhan - Senior VP and CFO

Conference Call Participants

Duffy Fischer - Goldman Sachs

Hassan Ahmed - Alembic Global Advisors

John McNulty - BMO Capital Markets

James Cannon - UBS

Arun Viswanathan - RBC Capital Markets

John Roberts - Credit Suisse

William Tang - Morgan Stanley

Laurence Alexander - Jefferies

Matthew DeYoe - Bank of America

Operator

Good morning, and welcome to the Chemours Company First Quarter 2023 Earnings Call. [Operator Instructions] As a reminder, this conference call is being recorded.

I would now like to turn the call over to Jonathan Lock, SVP and Chief Development Officer. Thank you. Please go ahead.

Jonathan Lock

Thanks, Julianne, and good morning, everybody. Welcome to the Chemours Company's First Quarter 2023 Earnings Q&A Conference Call. I'm joined today by Mark Newman, President and Chief Executive Officer; and Sameer Ralhan, Senior Vice President and Chief Financial Officer.

Before we start, I'd like to remind you that comments made on this call as well as in the supplemental information provided in our presentation and on our website contain forward-looking statements that involve risks and uncertainties as described in our SEC filings. These forward-looking statements are not guarantees of future performance and are based on certain assumptions and expectations of future events that may not be realized. Actual results may differ, and Chemours undertakes no duty to update any forward-looking statements as a result of future developments or new information.

During the course of this call, management will refer to certain non-GAAP financial measures that we believe are useful to investors evaluating the company's performance. A reconciliation of non-GAAP terms and adjustments are included in our release and at the end of our presentation. As a reminder, our prepared remarks, a full transcript plus our earnings deck have been posted to our website alongside our earnings release. This morning's call will focus purely on Q&A.

With that, I'll turn the call over to our CEO, Mark Newman. Mark?

Mark Newman

Thank you, Jonathan, and thank you all for joining us this morning. Our strong performance in the first quarter is a testament to our secular growth thesis at work and the strength of our overall portfolio. TSS and APM continue to deliver products the world needs and which underpin many strategic as well as emerging technologies. Despite the challenges faced by our TT segment, we remain confident in a gradual recovery throughout the year with improvements in margins, moderating raw material costs and cost optimization measures implemented across the portfolio.