Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________ Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-32410 CELANESE CORPORATION (Exact Name of Registrant as Specified in its Charter) Delaware 98- ...

Key TakeawaysDeutsche Bank upgraded Celanese stock to "buy," saying yesterday's big selloff was overdone.The bank's analysts called the chemical supplier's problems "painful but transitory."The analysts called Celanese a "high-quality" company. Their price target calls for appreciation, but is below the Street's consensus. Shares of Celanese (CE) dropped 26% yesterday. At least one Wall Street analysts says it's time to get back on board. The chemical supplier's shares, which plummeted yesterday after a di ...

Key TakeawaysCelanese missed profit and sales forecasts and took steps to cut costs as business sank.Chemicals supplier is cutting costs by slashing dividends by 95% and will idling production plants.Celanese said it faced "persistent demand weakness" in the previous quarter, and anticipates that will continue in the current one. Celanese (CE) was the worst-performing stock in the S&P 500 on Tuesday after the chemicals supplier posted results that were worse than expected, slashed its dividend, and said it ...

Celanese Corporation (NYSE:CE) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants Bill Cunningham - VP, IR Lori Ryerkerk - Chairman and CEO Scott Richardson - COO Chuck Kyrish - CFO Conference Call Participants Vincent Andrews - Morgan Stanley Mike Leithead - Barclays Michael Sison - Wells Fargo Jeff Zekauskas - JP Morgan Ghansham Panjabi - Baird Josh Spector - UBS Arun Viswanathan - RBC Capital Markets David Begleiter - Deutsche Bank Aleksey Yefremov - KeyBanc Capital Market ...

Earnings and Revenue - Celanese Corporation reported Q3 2024 earnings from continuing operations of $1 08 per share, down from $8 70 in the prior-year quarter [1] - Adjusted earnings were $2 44 per share, down 2 4% from $2 50 a year ago, missing the Zacks Consensus Estimate of $2 84 [1] - Revenues of $2,648 million decreased 2 7% year over year, missing the Zacks Consensus Estimate of $2,685 million [1] Segment Performance - Engineered Materials unit net sales were $1,481 million, down 3% year over year, missing the estimate of $1,609 5 million [3] - The segment reported an operating profit of $102 million and an adjusted EBIT of $237 million [3] - Acetyl Chain segment net sales were $1,190 million, down 12 7% year over year, beating the estimate of $1,162 1 million [4] - The segment generated an operating profit of $239 million and an adjusted EBIT of $276 million [4] Financial Position - Celanese ended the quarter with cash and cash equivalents of $813 million, down 31 4% sequentially [5] - Long-term debt increased 2 4% sequentially to $11,324 million [5] - Cash provided by operating activities was $79 million, and free cash flow was a negative $16 million [5] - Capital expenditures were $131 million in the quarter [5] Market and Demand - Celanese experienced sustained demand weakness in major end-markets such as paints, coatings, and construction [2] - Downturns were observed in the Western Hemisphere automobile and industrial sectors [2] - The company anticipates a deterioration in demand in Q4 due to higher-than-normal seasonal destocking in automotive and industrial markets [6] - Celanese plans to reduce output and generate cash through inventory drawdowns, expecting the destocking to last only for the quarter [6] Outlook and Strategy - Celanese expects adjusted earnings per share of around $1 25 in Q4 [7] - The company aims to create long-term shareholder value by improving earnings, reducing costs, expanding free cash flow, and deleveraging [7] Stock Performance - Celanese's shares gained 2 9% in the past year, compared to a 2 9% decline in the industry [8]

For the quarter ended September 2024, Celanese (CE) reported revenue of $2.65 billion, down 2.8% over the same period last year. EPS came in at $2.44, compared to $2.50 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.68 billion, representing a surprise of -1.38%. The company delivered an EPS surprise of -14.08%, with the consensus EPS estimate being $2.84.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street e ...

Celanese (CE) came out with quarterly earnings of $2.44 per share, missing the Zacks Consensus Estimate of $2.84 per share. This compares to earnings of $2.50 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -14.08%. A quarter ago, it was expected that this chemical company would post earnings of $2.80 per share when it actually produced earnings of $2.38, delivering a surprise of -15%.Over the last four quarters, the company h ...

Exhibit 99.2 Non-US GAAP Financial Measures and Supplemental Information November 4, 2024 In this document, the terms the "Company," "we" and "our" refer to Celanese Corporation and its subsidiaries on a consolidated basis. Purpose The purpose of this document is to provide information of interest to investors, analysts and other parties including supplemental financial information and reconciliations and other information concerning our use of non-US GAAP financial measures. This document is updated quarte ...

Celanese Corporation (CE) is scheduled to release third-quarter 2024 results after the closing bell on Nov. 4. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The company surpassed Zacks Consensus Estimate for earnings in two of the last four quarters and missed twice. CE delivered a trailing four-quarter earnings surprise of around 1.3% on average. Celanese's investment in high-return organic projects, cost-cutting initiatives and acquisition synergies are likely to have contribut ...

Wall Street analysts forecast that Celanese (CE) will report quarterly earnings of $2.84 per share in its upcoming release, pointing to a year-over-year increase of 13.6%. It is anticipated that revenues will amount to $2.68 billion, exhibiting a decline of 1.4% compared to the year-ago quarter. The current level reflects a downward revision of 3.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their i ...