The Chemours Company (NYSE:CC) Q3 2022 Earnings Conference Call October 26, 2022 8:00 AM ET

Company Participants

Jonathan Lock - SVP & Chief Development Officer

Mark Newman - President & CEO

Sameer Ralhan - SVP & CFO

Conference Call Participants

Duffy Fischer - Goldman Sachs

Arun Viswanathan - RBC Capital Markets

John McNulty - BMO Capital Markets

Mike Leithead - Barclays

Matthew DeYoe - Bank of America

James Cannon - UBS

Hassan Ahmed - Alembic Global Advisors

William Tang - Morgan Stanley

Kevin Estok - Jefferies

Operator

Good morning. My name is Rob, and I will be your conference operator today. At this time, I would like to welcome everyone to the Chemours Company Third Quarter 2022 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions]

Thank you. Jonathan Lock, Senior Vice President and Chief Development Officer, you may begin your conference.

Jonathan Lock

Thanks, Rob, and good morning, everybody. Welcome to the Chemours Company's third quarter 2022 earnings 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 contains forward-looking statements that involve risks and uncertainties, as described in Chemours filings with the SEC. 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 and an audio recording plus our earning deck has 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. I hope everyone is doing well today and I appreciate you joining us. Despite increasing macroeconomic uncertainty, our quarterly performance showcases the strength of our structural growth strategy. We remain committed to improving the earnings power of TT through the cycle, attaining secular growth in our TSS and APM businesses, and managing and resolving legacy liabilities while returning the majority of our free cash flow to shareholders. In the long run, we expect these four priorities to generate significant value for our shareholders.