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 ...

Analyst's Disclosure: I/we have a beneficial long position in the shares of CE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. While this article may sound like financial advice, please observe that the author is not a CFA or in any way licensed to give financial advice. ...

Celanese (CE) is a Zacks Rank #5 (Strong Sell) after the company missed the Zacks Consensus Estimate when the last reported on August 1 of this year. Celanese Corporation is a global hybrid chemical company. The company produces chemical substances and materials. This article will look at why this stock is a Zacks Rank #5 (Strong Sell) as it is the Bear of the Day. Description Celanese Corp. engages in the provision of technology and specialty materials businesses. It operates through the following segments ...

- 博彩 0 I 0 I on pate for 1 II 1 T kim willems Introduction Celanese (NYSE:CE) reported its second quarter for 2024 on August 1, and results came in worse than expected, with a miss on both revenues and EPS. After a major acquisition a few years ago, the company has been trying to navigate a more challenged balance sheet, a more difficult operating environment, and has been actively trying to generate synergies from its previous deal. With Q2'24 now behind the company, in this article, I'll provide my key ta ...

Financial Data and Key Metrics Changes - The company reported a second quarter earnings impact of approximately $35 million due to force majeure, with an expected additional impact of $5 million to $10 million in the following quarter [16][34] - The anticipated synergies for the year are projected at $150 million, with expectations for similar levels in 2025 [65][66] Business Line Data and Key Metrics Changes - Engineered Materials is expected to see moderate growth in volumes and margins, driven by synergy pull-through and lower cost raw materials [4][9] - The automotive sector is anticipated to experience a slight uptick in demand, particularly in China, contributing to the overall stability in Engineered Materials [4][27] Market Data and Key Metrics Changes - The overall market conditions are described as stable, with some growth in automotive builds expected in the second half of the year [4][27] - The acetyls market remains stable, particularly in construction and coatings, although no seasonal uptick was observed in the second quarter [28] Company Strategy and Development Direction - The company is focusing on self-help initiatives to drive growth, including the integration of commercial teams and leveraging synergies from acquisitions [10][12] - There is an emphasis on maintaining flexibility in production to adapt to market conditions, particularly in the acetyls and nylon segments [58][60] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for the second half of the year, expecting stable market conditions with potential growth in automotive and engineered materials [4][12] - The company is preparing for potential challenges in 2025, with a focus on synergies and productivity improvements from recent acquisitions [13][66] Other Important Information - The company is still in force majeure regarding acetyls, with expectations to lift it within the quarter as supply chains are reestablished [14] - The company has been actively managing its inventory and production levels to mitigate the impact of market fluctuations [63] Q&A Session Summary Question: What are the expectations for Engineered Materials in Q3? - Management expects overall market conditions to remain unchanged, with slight growth in automotive builds, particularly in China [4] Question: How is the automotive sector performing? - The automotive sector has shown stability, with some growth anticipated in the second half, particularly due to new customer integrations [5][27] Question: What is the impact of force majeure on financials? - The force majeure is expected to impact earnings by approximately $35 million in Q2 and an additional $5 million to $10 million in Q3 [16] Question: How are synergies expected to evolve? - Synergies are projected at $150 million for the year, with expectations for similar levels in 2025 based on ongoing initiatives [65][66] Question: What is the outlook for the acetyls market? - The acetyls market remains stable, with no significant seasonal uptick expected in Q3 [28] Question: How is the company managing production flexibility? - The company is continuously adjusting production based on market demand and raw material availability to optimize operations [41][58]

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 June 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 98-04207 ...

For the quarter ended June 2024, Celanese (CE) reported revenue of $2.65 billion, down 5.2% over the same period last year. EPS came in at $2.38, compared to $2.17 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $2.73 billion, representing a surprise of -2.74%. The company delivered an EPS surprise of -15.00%, with the consensus EPS estimate being $2.80. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expe ...

Celanese (CE) came out with quarterly earnings of $2.38 per share, missing the Zacks Consensus Estimate of $2.80 per share. This compares to earnings of $2.17 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -15%. A quarter ago, it was expected that this chemical company would post earnings of $1.91 per share when it actually produced earnings of $2.08, delivering a surprise of 8.90%. Over the last four quarters, the company ha ...

Financial Performance - In Q2 2024, net earnings attributable to Celanese Corporation were $155 million, an increase from $121 million in Q1 2024[19] - Adjusted EBIT for Q2 2024 was $451 million, compared to $407 million in Q1 2024, reflecting a strong operational performance[19] - Operating EBITDA for Q2 2024 reached $632 million, up from $583 million in Q1 2024, indicating improved cash flow generation[19] - The adjusted earnings per share for Q2 2024 was $2.50, reflecting a solid increase compared to $2.20 in Q1 2024[19] - The adjusted EBIT margin for Q2 2024 was 22.5%, indicating effective cost management and pricing strategies[19] - The company reported net earnings attributable to Celanese Corporation of $252 million with a margin of 9.5% in Q2 '24, compared to $207 million and 7.9% in Q1 '24[22] - Adjusted earnings from continuing operations for Q2 '24 were $261 million, or $2.38 per share, compared to $228 million, or $2.08 per share in Q1 '24[26] - The effective tax rate for Q2 '24 was 9%, consistent with Q1 '24, and significantly lower than the 12% rate in Q2 '23[27] - The adjusted earnings before tax for Q2 '24 was $287 million, compared to $251 million in Q1 '24, indicating improved operational performance[26] Sales and Revenue - Celanese Corporation's total net sales for Q2 2024 were $2.0 billion, with a year-over-year increase of 10% attributed to higher pricing and volume[16] - Net sales for Q2 '24 reached $2.651 billion, a slight increase from $2.611 billion in Q1 '24, with Engineered Materials contributing $1.467 billion and Acetyl Chain contributing $1.202 billion[32] - Year-over-year, total company net sales decreased by 5%, driven by a 7% decline in Engineered Materials and a 3% decline in Acetyl Chain[37] - The company reported a sequential increase in volume of 4% for total company sales, primarily due to Engineered Materials, which saw a 6% increase[33] - The Acetyl Chain segment experienced a 5% sequential decline in net sales, attributed to a decrease in volume and pricing pressures[33] - Engineered Materials segment reported a volume decrease of 8% and a price decrease of 15%, resulting in a total revenue of $67 million for Q2 2023[39] - Acetyl Chain segment experienced a volume decrease of 2% and a price decrease of 19%, leading to a total revenue decline of $21 million for Q2 2023[39] - Total company revenue for Q2 2023 was $12 million, reflecting a volume increase of 27% but a price decrease of 15% compared to Q2 2022[39] Cash Flow and Debt - Free cash flow for the year was reported at $1.2 billion, demonstrating the company's strong liquidity position[14] - Free cash flow for Q2 2024 was $173 million, representing 6.5% of net sales, compared to a negative free cash flow of $40 million in Q1 2024[42] - The company reported a total debt of $3.5 billion, with net debt calculated at $3.2 billion after accounting for cash and cash equivalents[15] - Net debt as of Q2 2024 was $11,850 million, a decrease from $11,974 million in Q1 2024[45] - Total dividends received in Q2 2024 amounted to $100 million, up from $61 million in Q1 2024[44] Segment Performance - Engineered Materials segment reported an operating profit of $138 million with a margin of 9.4% in Q2 '24, compared to $89 million and 6.5% in Q1 '24[22] - Acetyl Chain segment achieved an operating profit of $242 million with a margin of 20.1% in Q2 '24, consistent with Q1 '24[22] - Total operating profit for the company was $250 million with a margin of 9.4% in Q2 '24, up from $210 million and 8.0% in Q1 '24[22] - Adjusted EBIT for Engineered Materials was $265 million, representing an 18.1% margin in Q2 '24, compared to $201 million and 14.6% in Q1 '24[24] - Adjusted EBIT for Acetyl Chain was $277 million with a 23.0% margin in Q2 '24, down from $296 million and 23.5% in Q1 '24[24] - The Engineered Materials segment's operating EBITDA was $375 million with a margin of 25.6% in Q2 '24, compared to $303 million and 22.0% in Q1 '24[24] - The Acetyl Chain segment's operating EBITDA was $338 million with a margin of 28.1% in Q2 '24, down from $353 million and 28.0% in Q1 '24[24] Strategic Initiatives - The company plans to expand its market presence in Asia, focusing on increasing production capacity in the region[16] - Ongoing investments in new technologies and product development are expected to drive future growth and enhance competitive positioning[16] - The company plans to continue focusing on market expansion and new product development to drive future growth[26] - The company is actively pursuing strategic initiatives, including potential acquisitions, to enhance its market position and operational capabilities[26] Depreciation and Other Expenses - Total depreciation and amortization expense was $192 million in Q2 '24, compared to $221 million in Q1 '24[20] - Certain items attributable to Celanese Corporation included exit and shutdown costs of $69 million in Q2 2024[46] Return on Investment - Adjusted EBIT for 2023 was $1,753 million, with an adjusted effective tax rate of 9%[49] - Return on invested capital (adjusted) for 2023 was 7.8%, with net earnings attributable to Celanese Corporation at 9.5% of invested capital[50]

Mergers and Acquisitions Activity - Mergers and acquisitions (M&A) activity increased by 17% worldwide in the first half of 2024, with 90% of the largest deals involving U.S. targets [1] - Almost half of the top 10 deals in 2024 were stock transactions rather than cash payments, attributed to higher interest rates and healthy stock prices [1] Celanese (CE) - Celanese is the 83rd smallest company in the S&P 500 with a market capitalization of $15.15 billion and its stock is down over 10% year-to-date [2] - The company reported Q1 2024 sales of $2.61 billion, an 8.4% decline from $2.85 billion a year earlier, and an operating income of $210 million, down 16.3% from $251 million [3] - Celanese's stock is valued at 12.35 times its forward 2024 earnings, with a price-to-sales ratio of 1.42, below its five-year average of 1.74, making it a potential acquisition target for larger companies like Dow or DuPont [4] Pinterest (PINS) - Pinterest has a market capitalization of $25.78 billion and its stock is up 4% year-to-date [5] - Meta Platforms could be a potential buyer for Pinterest, as it seeks to improve its reputation in social media [5][6] - Pinterest's Q2 2024 results showed a 12% increase in monthly average users to 522 million and a 21% revenue increase to $853.7 million, despite a market reaction to weak guidance [7][8] E.L.F. Beauty (ELF) - E.L.F. Beauty has a market capitalization of $9.40 billion and its stock is up 20% year-to-date, although it is down nearly 25% from its 52-week high [9] - Estee Lauder, with a market cap 3.7 times that of ELF, could be a potential acquirer as it seeks to recover from a significant decline in value [9] - Estee Lauder announced layoffs of 3-5% of its global workforce, which could lead to a nearly 40% increase in operating profits post-restructuring [10]