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Celanese(CE) - 2024 Q3 - Quarterly Results
2024-11-04 21:16
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 to Report Q3 Earnings: What's in the Offing for the Stock?
ZACKS· 2024-10-30 20:01
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 ...
Celanese (CE) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
ZACKS· 2024-10-30 14:20
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 ...
Celanese: Sold In January 2024, Back In Again With A 'Buy'
Seeking Alpha· 2024-10-21 22:05
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. ...
Bear Of The Day: Celanese (CE)
ZACKS· 2024-10-17 19:06
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 ...
Celanese Corporation: Margin Expansion Story Doesn't Offset Leverage Risks
Seeking Alpha· 2024-08-07 12:08
- 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 ...
Celanese(CE) - 2024 Q2 - Earnings Call Transcript
2024-08-02 20:48
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]
Celanese(CE) - 2024 Q2 - Quarterly Report
2024-08-02 20:17
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 ...
Celanese (CE) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKS· 2024-08-01 23:00
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) Lags Q2 Earnings and Revenue Estimates
ZACKS· 2024-08-01 22:40
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 ...