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Teflon maker Chemours sees more profit in 2018

Teflon maker Chemours Co. CC, +zero.79% late Monday upped its 2018 benefit outlook thanks to heightened call for for merchandise including its pigments, propellants and resins. The chemical company, spun off from DuPont in 2015, mentioned it expects 2018 adjusted income at the prime finish of a in the past introduced range between $1.7 billion and $1.85 billion. Adjusted per-share income are anticipated to be at the prime finish of a in the past anticipated range of $4.95 and $5.60. "We ended 2017 with incredible momentum in all of our businesses and strong demand signals for both fluoroproducts and titanium technologies," Chief Executive Mark Vergnano mentioned in a statement. "With nearly one quarter behind us, we continue to see robust demand" for titanium dioxide merchandise alongside "a more favorable than expected demand and pricing backdrop for our fluoroproducts segment," he mentioned. Chemours additionally mentioned it's going to file first-quarter income after the market closes on May 3. Shares were flat in late trading after ending the common consultation up zero.8%.