Latest news with #Opteon
Yahoo
21-05-2025
- Business
- Yahoo
Chemours Joins DataVolt to Advance Liquid Cooling for AI Data Centers
The Chemours Company CC has formed a partnership with DataVolt, a developer and operator of sustainable digital infrastructure, to demonstrate and develop breakthrough liquid cooling solutions for data centers with other industry leaders. This deal will focus on improving data center efficiency and sustainability by utilizing two-phase direct-to-chip, two-phase immersion cooling and other novel solutions. The firms will strive to improve infrastructure preparedness and meet the growing demand for artificial intelligence (AI) and next-generation thermal management expertise with DataVolt's knowledge of designing and operating sustainable data centers, the companies can help accelerate the adoption of liquid cooling and other innovative technologies, lowering total cost of ownership of data centers and environmental footprint while increasing performance and efficiency. The company is thrilled to collaborate with industry leaders to achieve these objectives and advance sustainable data center agreement will lead to the development of liquid cooling and other data center solutions utilizing Chemours' range of ultra-low global warming potential Opteon dielectric fluids. This is the most recent announcement from Chemours' Liquid Cooling portfolio, which seeks to offer a full suite of data center cooling solutions to support AI and advanced digital noted that this collaboration demonstrates the company's commitment to being at the forefront of innovation as it meets the world's insatiable demand for eco-friendly, high-performance and mission-critical AI factories that can support ever-increasing compute densities while remaining rapidly deployable, sustainable and cost effective. By integrating Chemours' sophisticated liquid cooling technologies and collaborating with industry partners, the company hopes to improve the efficiency and scalability of its data centers, ensuring they meet the quickly changing demands of next-generation AI of Chemours have lost 59.7% in the past year compared with the industry's decline of 27.2%. Image Source: Zacks Investment Research The company expects consolidated net sales to increase in low to mid-teens sequentially in the second quarter. Adjusted EBITDA is also expected to increase within a range of 40% to 45%. Free cash flow is expected to be positive, and capital expenditures are forecasted to be $50 company expects full-year 2025 adjusted EBITDA to be between $825 million and $950 million. Capital expenditures are expected to be between $225 million and $275 million. The Chemours Company price-consensus-chart | The Chemours Company Quote CC currently carries a Zacks Rank #5 (Strong Sell).Better-ranked stocks in the basic materials space include Carpenter Technology Corporation CRS, Idaho Strategic Resources, Inc. IDR and Hawkins, Inc. HWKNCarpenter Technology currently carries a Zacks Rank #1 (Strong Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 11.1%. The company's shares have soared 112% in the past year. You can see the complete list of today's Zacks #1 Rank stocks Zacks Consensus Estimate for Idaho Strategic Resources' current-year earnings is pegged at 21 cents. IDR, carrying a Zacks Rank #2 (Buy), surpassed the Zacks Consensus Estimate in two of the trailing four quarters, while missing twice, with an average earnings surprise of 21.7%. The company's shares have rallied 28% in the past which currently carries a Zacks Rank #1, beat the consensus estimate in one of the trailing four quarters, while missing thrice. In this time frame, it has delivered an earnings surprise of roughly 6.1%, on average. The company's shares have rallied 57.3% in the past year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report The Chemours Company (CC) : Free Stock Analysis Report Hawkins, Inc. (HWKN) : Free Stock Analysis Report Idaho Strategic Resources, Inc. (IDR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-05-2025
- Business
- Yahoo
Chemours & Navin Fluorine Partner to Produce Liquid Cooling Product
The Chemours Company CC recently entered into an agreement with Navin Fluorine International Limited to manufacture Opteon two-phase immersion cooling fluid. This effort is part of CC's expanded Liquid Cooling Venture, which is aimed at addressing the growing heat, energy and water demands of advanced data centers and AI hardware. CC, through this initiative, is trying to bridge the gap that has emerged due to the incapability of next-generation chips to meet the computing and resource demands created by the AI boom. The company's innovative technology can help significantly reduce data-center total cost of ownership through decreased energy, water, space, maintenance and capex demands. The Opteon fluid offers an ultra-low global warming potential (10), a power usage effectiveness approaching 1, and superior performance capabilities vis-à-vis conventional liquid cooling technologies. Chemours'agreement with Navin Fluorine marks a key step toward commercialization by establishing initial capacity and supporting the adoption of two-phase liquid cooling. CC stock has plunged 60.1% over the past year compared with the industry's 25.4% decline. Image Source: Zacks Investment Research CC currently carries a Zacks Rank #5 (Strong Sell). Some better-ranked stocks in the Basic Materials space are Akzo Nobel N.V. AKZOY, Newmont Corporation NEM and Idaho Strategic Resources, Inc. IDR. While AKZOY sports a Zacks Rank #1 (Strong Buy), NEM and IDR currently carry a Zacks Rank #2 (Buy) each. You can see the complete list of today's Zacks #1 Rank stocks here. The Zacks Consensus Estimate for Akzo Nobel's current-year earnings is pegged at $1.64 per share, implying a 17.14% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing the rest. The Zacks Consensus Estimate for NEM's current-year earnings is pegged at $3.92 per share, indicating a 12.64% year-over-year earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed it in one, with an average surprise of 32.41%. NEM's shares have soared 16% in the past year. The Zacks Consensus Estimate for IDR's 2025 earnings is pegged at 78 cents per share, indicating a rise of 16.4% from year-ago levels. IDR's earnings beat the consensus estimate in two of the trailing four quarters while missing the rest, with the average surprise being roughly 21.70%.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Newmont Corporation (NEM) : Free Stock Analysis Report Akzo Nobel NV (AKZOY) : Free Stock Analysis Report The Chemours Company (CC) : Free Stock Analysis Report Idaho Strategic Resources, Inc. (IDR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Scoop
08-05-2025
- Business
- Scoop
Changes To Rates Ahead – How Hamilton Ratepayers Can Navigate The Impacts
Hamilton's new property values, which will be used for calculating rates from 1 July, are yet to be finalised, and Hamilton City Council acknowledges the concern this timing may bring. To make managing rates easier, Council is encouraging ratepayers to use Payble – its flexible payment system. 'While we don't know the outcome of the citywide revaluations just yet, we recognise that many Hamiltonians may feel concerned about what this could mean for their rates,' said Council's Financial Support Services Manager, Matthew Bell. 'That's why we're letting ratepayers know about the benefits of our new payment platform. Payble provides ratepayers with more control, visibility and flexibility over how and when they pay. 'Ratepayers are able to see their balance, create personalised payment schedules, receive text notifications, and even choose to skip a payment if needed.' About property revaluations All councils in New Zealand are legally required to revalue properties every three years. These valuations are used to determine how the city's total rates revenue is distributed – they don't change the amount of money Council collects, just how the 'rates pie' is divided among property owners. Hamilton City Council's revaluation is being carried out by independent valuers, Opteon. Originally due in April, Opteon requested additional time to complete the work and ensure accuracy. The proposed values will then be audited by the Office of the Valuer-General before being made available to the public. 'The timing of this year's revaluation process isn't something Council controls,' said Bell. 'A revaluation is a massive exercise. Each year more than twenty revaluations are carried out across the country, so scheduling depends on the capacity of both the valuation providers and the Valuer-General's office.' What to expect Under the 2024-2034 Long-Term Plan, Council has proposed an average rates increase of 15.5% for the 2025/26 year. The valuation will reflect property values as of 1 September 2024. The new values will be used for rates from 1 July, which is the beginning of the 2025/2026 financial year. For many, there will not be a significant change in rates outside of Council's proposed average increase of 15.5%. Council will notify property owners of the updated values as soon as they have been confirmed in June. Properties with value changes aligned to the citywide average will see rates rise approximately 15.5%. Properties with an above-average value change will experience higher rates rises, and properties with a below-average value change will see smaller rates rises. More information To sign up for Payble: visit or scan the QR code on your rates invoice. For more information about the revaluation process: visit Timeline
Yahoo
08-05-2025
- Business
- Yahoo
The Chemours Co (CC) Q1 2025 Earnings Call Highlights: Navigating Challenges with Strategic ...
Chemours reduced its dividend by 65% to $8.75 per share to balance capital return to shareholders with balance sheet flexibility. The company's adjusted EBITDA decreased to $166 million from $191 million in the prior year, primarily due to lower pricing and unfavorable currency movements. Chemours reported a net loss of $4 million for the first quarter, compared to a net income of $54 million in the prior year. Chemours anticipates a significant cash flow benefit of approximately $100 million to $115 million from the expiration of high-grade ore feedstock contracts by 2027. The company successfully ramped up its 40% capacity expansion of Opteon feedstock at the Corpus Christi site, ensuring no disruption to customer orders despite a brief outage. The Chemours Co ( NYSE:CC ) reported a 40% year-over-year net sales increase in Opteon Refrigerants, driven by increased demand for blend due to the US AIM Act transition mandate. For the complete transcript of the earnings call, please refer to the full earnings call transcript . Dividend Reduction: Declared a dividend for the second quarter at a reduced rate of $8.75 per share, reflecting a 65% reduction. Free Cash Flow: Use of $196 million, compared to a use of $392 million in the prior year. Net Loss: $4 million or $0.03 per diluted share, compared to net income of $54 million or $0.36 per diluted share in the prior year. Story Continues Q & A Highlights Q: Can you provide details on the strategic venture with Navin Fluorine and its capacity? A: Denise Dignam, President and CEO, explained that the partnership with Navin Fluorine is crucial for commercialization. They are investing $14 million in the asset, which is sized for both commercial lease stages and process technology refinement. This will support field trials, with the capacity to conduct dozens of trials and expand volume as customer commitments are secured. Q: Regarding TiO2, is 2025 EBITDA expected to be higher than 2024, and can you clarify the ore savings? A: Shane Hostetter, CFO, confirmed that 2025 EBITDA for TiO2 is expected to be better than 2024. The ore savings, ranging from $100 million to $150 million, are cash flow benefits expected as contracts expire in 2026 and 2027, with significant benefits anticipated in 2027. Q: Why was the dividend cut now, and why not eliminate it completely? A: Shane Hostetter, CFO, stated that resizing the dividend provides balance sheet flexibility to execute strategic priorities and grow the company. The reduction aligns with an appropriate payout in the chemicals and industrial space, maintaining attractiveness while allowing financial flexibility. Q: How are TiO2 prices trending in regulated markets, and what is the outlook? A: Denise Dignam, President and CEO, noted price stabilization in fair-trade markets with volume increases. They do not provide forward pricing guidance but see stabilization in these markets. Q: What are the assumptions for the cash flow conversion range in the second half of the year? A: Shane Hostetter, CFO, explained that the range is influenced by working capital unwind and earnings dynamics. The lower investments in the second half are due to a focus on critical and essential spending, with capital expenditures adjusted to reflect this strategy. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Business Standard
07-05-2025
- Business
- Business Standard
Navin Fluorine inks pact with Chemours Company to manufacture new liquid cooling product
Navin Fluorine International said that it has entered into a strategic agreement with The Chemours Company to manufacture and establish initial capacity of Opteon two-phase immersion cooling fluid at Surat. Opteon is a proprietary product of Chemours Company. This product addresses the growing demands of advanced data centers and AI hardware for high performance, sustainable and cost-effective cooling solutions. The product aims to deliver significant energy efficiency, reduced water requirements as well as a materially lower physical footprint for data centres. Under the agreement, Navin Fluorine will establish manufacturing facility at Surat, Gujarat, at an estimated capex of $14 million (approximately Rs 120 crore), including $5 million (nearly Rs 43 crore) of contribution by Chemours. Navin would fund this capex through a mix of debt and internal accruals. The project is expected to be operational during Q1 FY27 (April 2026 to June 2026). As market adoption deepens, Navin Fluorine and Chemours will get into discussions for servicing a potentially higher demand. Vishad Mafatlal, executive chairman, Navin Fluorine, said: "Joining forces with Chemours to manufacture their new liquid cooling technology advances our mission to produce high-quality, innovative, and sustainable, high-growth-potential products in the specialty chemicals sector, while helping address a key industry challenge for data centers. Were excited to see this project come to fruition and look forward to continuing to deepen our partnership to meet the needs of the broader industry." Navin Fluorine International belongs to a reputed industrial house of Padmanabh Mafatlal Group in India. It has largest integrated fluorochemicals complex in India. The company primarily focuses on fluorine chemistry - producing refrigeration gases, chemicals, inorganic bulk fluorides, specialty organofluorines and offers contract research and manufacturing services. The company's consolidated net profit rose 7.15% to Rs 83.60 crore on a 21.21% increase in revenue to Rs 606.20 crore in Q3 FY25 over Q3 FY24. The scrip advanced 0.37% to currently trade at Rs 4637 on the BSE.
