Celanese

Celanese Corp. engages in the provision of technology and specialty materials businesses. It operates through the following segments: Engineered Materials, Acetate Tow, Acetyl Chain and Other Activities. The Engineered Materials segment includes the engineered materials business, food ingredients business and certain strategic affiliates. The Acetate Tow segment serves consumer-driven applications and is a global producer and supplier of acetate tow and acetate flake used in filter products applications. The Acetyl Chain segment includes the integrated chain of intermediate chemistry, emulsion polymers and ethylene vinyl acetate (EVA) polymers businesses, based on similar products, production processes, classes of customers and selling and distribution practices as well as economic similarities over a normal business cycle. The Other Activities segment consists of corporate center costs, including administrative activities such as finance, information technology and human resource functions, interest income and expenses associated with financing activities. The company was founded by Camille Dreyfus and Henri Dreyfus in 1918 and is headquartered in Irving, TX.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q4 2022

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Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Celanese reports robust Q4 performance, addresses challenges, eyes growth

Celanese's Q4 performance was strong, with a focus on debt reduction and strategic investments. Challenges in the M&M business are being addressed, while opportunities lie in market dynamics and operational enhancements. The company's clear Lake expansion project and cost-saving initiatives position it for future growth.

Celanese reports solid Q1 performance, eyes market recovery opportunities

Celanese's Q1 earnings call highlighted a strong performance with a focus on market recovery and controllable actions. The company faces challenges in slower demand growth but sees opportunities in market trends and synergies.

Celanese faces China demand challenges but anticipates debt reduction success

Celanese navigated challenges in China and the Acetyl Chain, with signs of price movement up despite lower demand. Sequential improvement is expected in 4Q through cost control and synergies. The company is focused on aggressively lowering debt and diversifying distribution channels for growth.

Celanese reports robust Q3 earnings, targets debt reduction and growth

Celanese's Q3 earnings call highlighted strong performance in key segments, with a focus on earnings growth, debt reduction, and market challenges. The company's strengths include flexibility, synergies, and cost optimization strategies, while facing challenges from demand uncertainties and pricing fluctuations. Opportunities for Celanese include strategic expansions, sustainability initiatives, and debt reduction goals for future growth.

Celanese projects strong 2024 performance with focus on synergies

Celanese is poised for strong performance in 2024 with a focus on cost efficiencies and operational synergies.
The company's strategic strengths lie in projected synergies, margin expansion, and deleveraging efforts.
Challenges include past volume losses and reliability issues, but opportunities exist in market growth and operational enhancements.
Overall, Celanese is strategically positioned to navigate market conditions and drive value creation.

Celanese resilient in Q1 amidst market disruptions and growth opportunities

Celanese navigated market disruptions to maintain strong financial performance.
Focus on synergies, controllable actions, and market conditions to meet guidance.
Opportunities lie in consumer confidence, Clear Lake expansion, and cost efficiencies.
Challenges include pricing pressure, market disruptions, and delayed startups in China.

Celanese projects growth in Q3 and Q4 amidst market challenges

Celanese anticipates stable market conditions and growth opportunities in Q3 and Q4 driven by synergy capture and productivity improvements.
Efforts to resolve acetyls force majeure and mitigate pricing pressures on raw materials are ongoing.
The company is focused on maximizing free cash flow efficiency, reducing debt, and adapting to market dynamics for sustained growth.
Evaluation of divestiture opportunities and maintaining a balanced approach in methanol integration are key strategic considerations.

Celanese disappoints in Q3, plans dividend cut for deleveraging

Celanese faces challenges from macroeconomic headwinds, prompting actions to support deleveraging and enhance profitability. The company's focus on cost reduction, synergies, and project pipeline acceleration aims to drive earnings growth. Clear Lake project and ongoing asset optimization present opportunities for value creation.

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DALLAS--(BUSINESS WIRE)--Celanese Announces Early Results And Upsizing Of Cash Tender Offer Of Certain Celanese US Holdings LLC Debt Securities.

Celanese Announces Early Results And Upsizing Of Cash Tender Offer Of Certain Celanese US Holdings LLC Debt Securities

Celanese (CE) is refinancing its debt to extend the maturity of its debt and reduce its borrowing costs by 14 basis points.

Celanese (CE) Refinances Debt to Extend Maturity & Reduce Costs

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DALLAS--(BUSINESS WIRE)--Celanese Corporation Executes Series of Transactions to Extend Debt Maturity Profile and Lower Net Borrowing Rate.

Celanese Corporation Executes Series of Transactions to Extend Debt Maturity Profile and Lower Net Borrowing Rate

DALLAS--(BUSINESS WIRE)---- $CE--Celanese Announces Cash Tender Offer For Up To $1.75 billion Aggregate Purchase Price Of Celanese US Holdings LLC's Debt Securities.

Celanese Announces Cash Tender Offer For Up To $1.75 Billion Aggregate Purchase Price Of Celanese US Holdings LLC's Debt Securities

Celanese (CE) came out with quarterly earnings of $2.17 per share, missing the Zacks Consensus Estimate of $2.46 per share. This compares to earnings of $4.99 per share a year ago.

Celanese (CE) Q2 Earnings and Revenues Miss Estimates

DALLAS--(BUSINESS WIRE)--Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today reported second quarter 2023 GAAP diluted earnings per share of $2.00 and adjusted earnings per share of $2.17. The Company generated net sales of $2.8 billion in the quarter, a decrease of 2 percent from the prior quarter, reflecting a sequential decrease in pricing of 4 percent partially offset by a sequential increase in volume of 2 percent. The Company reported second quarter c.

Celanese Corporation Reports Second Quarter 2023 Earnings

DALLAS--(BUSINESS WIRE)--CE Q2 2023 Earnings date Press Release - August 2023.

Celanese to Hold Second Quarter Earnings Conference Call on August 8, 2023

The market might have overly discounted some negative news from these two companies. This chemical company's valuation looks very cheap, especially for a company going through a trough year.

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DALLAS--(BUSINESS WIRE)---- $CE--Manufacturing Leadership Council Honors Celanese for its Strategy to Enable ‘Digital Plant of the Future'.

Manufacturing Leadership Council Honors Celanese for its Strategy to Enable ‘Digital Plant of the Future'

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Celanese (CE) and Mitsui agree to establish a joint venture called Nutrinova, with the former holding 30% stake in the JV.

Celanese (CE) and Mitsui Form Food Ingredients Joint Venture

DALLAS--(BUSINESS WIRE)---- $CE--Celanese and Mitsui Sign Definitive Agreement to Form Nutrinova, a Food Ingredients Joint Venture.

Celanese and Mitsui Sign Definitive Agreement to Form Nutrinova, a Food Ingredients Joint Venture

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Celanese, a chemical and specialty materials company, has strong growth catalysts and an attractive valuation, making it a potential buying opportunity. The company has seen increased demand in the engineering materials segment due to electric vehicles, medical and pharmaceutical products, 5G, and sustainability. Despite high debt levels and potential risks from an upcoming recession, Celanese's strong growth catalysts and attractive valuation make it a buy-rated stock.

Celanese: Clear Lake Is A Catalyst, Rewards Outweigh Risks

Celanese (CE) benefits from productivity measures, investments in organic projects and strategic acquisitions.

Celanese (CE) Up 15% in 3 Months: What's Driving the Stock?

Celanese (CE) reported earnings 30 days ago. What's next for the stock?

Why Is Celanese (CE) Up 14.4% Since Last Earnings Report?

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DALLAS--(BUSINESS WIRE)---- $CE--Celanese Announces Vamac® AEM Price Increases.

Celanese Announces Vamac® AEM Price Increases

Celanese Corporation (NYSE:CE ) Q1 2023 Results Conference Call May 10, 2023 10:00 AM ET Company Participants Brandon Ayache - VP, IR Lori Ryerkerk - CEO, Chairman of the Board Scott Richardson - CFO Conference Call Participants Arun Viswanathan - RBC Capital Markets Frank Mitsch - Fermium Research Ghansham Panjabi - Baird Hassan Ahmed - Alembic Global Jaideep Pandya - On Field Investment Research Jeff Zekauskas - JP Morgan John Roberts - Credit Suisse Josh Spector - UBS Kevin McCarthy - Vertical Research Partners Matthew DeYoe - Bank of America Michael Leithead - Barclays Michael Sison - Wells Fargo Vincent Andrews - Morgan Stanley Operator Greetings, and welcome to the Celanese First Quarter 2023 Earnings Call and Webcast. [Operator Instructions].

Celanese Corporation (CE) Q1 2023 Earnings Call Transcript

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Celanese (CE) witnesses increased volumes due to an additional month of sales from the Mobility & Materials acquisition as well as demand recovery in Europe and Asia in Q1.

Celanese's (CE) Q1 Earnings & Revenues Surpass Estimates

While the top- and bottom-line numbers for Celanese (CE) give a sense of how the business performed in the quarter ended March 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Celanese (CE) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Celanese (CE) came out with quarterly earnings of $2.01 per share, beating the Zacks Consensus Estimate of $1.66 per share. This compares to earnings of $5.54 per share a year ago.

News for Celanese Stock (CE)