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Chemours Q2 Profit Down

Chemours Co. (CC) posted second quarter net income of $24 million or $0.15 per share down from $96 million or $0.57 per share in the prior year.

Adjusted net income was $30 million or $0.18 per share, down $0.54 from the prior year, inclusive of a $13 million charge related to our Fayetteville facility.

Second quarter 2020 net sales were $1.1 billion compared to $1.4 billion in the prior-year second quarter. Results were driven primarily by lower volume across all segments.

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