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Celanese(CE) - 2025 Q1 - Quarterly Report
2025-05-06 20:12
Financial Performance - Net sales decreased by $222 million, or 9%, to $2,389 million for the three months ended March 31, 2025, compared to the same period in 2024[134]. - Operating profit decreased by $42 million, or 20%, to $168 million for the three months ended March 31, 2025, compared to the same period in 2024[136]. - Equity in net earnings of affiliates decreased by $33 million, or 60%, primarily due to lower earnings from strategic affiliates[136]. - Dividend income from equity investments decreased by $33 million, or 97%, due to a change in the timing of dividend income from a strategic affiliate[136]. - The effective income tax rate for the three months ended March 31, 2025, was (300)%, compared to 21% for the same period in 2024[138]. - SG&A expenses as a percentage of net sales improved to 9.6% from 10.1% year-over-year[134]. - The company experienced lower volume and pricing due to decreased global demand and competitive market dynamics[137]. Segment Performance - Engineered Materials segment net sales decreased by 7%, while Acetyl Chain segment net sales decreased by 11% for the three months ended March 31, 2025[135]. - Net sales for the Engineered Materials segment decreased by 6.6% to $1,287 million for the three months ended March 31, 2025, compared to $1,378 million in the same period in 2024[139]. - Operating profit for the Engineered Materials segment increased by 7.9% to $96 million, with an operating margin of 7.5% compared to 6.5% in the prior year[139]. - Net sales for the Acetyl Chain segment decreased by 11.5% to $1,116 million, with operating profit declining by 36.2% to $162 million and an operating margin of 14.5% compared to 20.1% in the previous year[143]. Cash Flow and Liquidity - Cash and cash equivalents decreased by $11 million to $951 million as of March 31, 2025, with $580 million held by foreign subsidiaries[156]. - Net cash provided by operating activities decreased by $64 million to $37 million for the three months ended March 31, 2025, primarily due to a decrease in net earnings[157]. - The company is actively managing its business to maintain cash flow and believes liquidity will be sufficient to meet operational and capital investment needs for the foreseeable future[149]. - The company has $1.75 billion available for borrowing under its senior U.S. unsecured revolving credit facility as of March 31, 2025[149]. Capital Expenditures and Debt - Total capital expenditures are expected to be approximately $300 million to $350 million in 2025, focusing on maintenance projects and productivity improvements[152]. - Total debt increased to $12,784 million as of March 31, 2025, from $12,579 million as of December 31, 2024[134]. Dividend and Shareholder Returns - The company plans to reduce its quarterly dividend by approximately 95% beginning in the first quarter of 2025 as part of its deleveraging efforts[150]. - The company announced a reduction of its quarterly dividend by approximately 95%, starting in Q1 2025, with a declared cash dividend of $0.03 per share amounting to $3 million for Q1 2025[188]. Market Conditions and Demand - Demand challenges were experienced in key end-markets such as automotive, paints, coatings, and construction due to sluggish global macroeconomic conditions, with expectations for continued sluggish demand in Q2 2025[193]. - The automotive destocking in Europe, which began in the second half of 2024, has largely stabilized by March 2025, indicating potential recovery in that sector[193]. - The company continues to monitor the impact of tariffs and geopolitical effects on demand conditions, aiming to implement actions for long-term growth and value creation[193]. Tax and Compliance - The company is currently undergoing tax audits in multiple jurisdictions, including the United States, Netherlands, Germany, Mexico, and Canada, with no material impact expected on the consolidated statements of operations from recent settlements[191]. - As of March 31, 2025, the company believes an adequate provision for income taxes has been made for all open tax years, but outcomes of audits remain uncertain and could lead to material adjustments[192]. - The company is in compliance with covenants in its material financing arrangements as of March 31, 2025[180]. Risk Factors - Market risk factors, including foreign exchange, interest rate, and commodity risks, have not changed materially from previous disclosures[197]. - The company’s financial statements are based on significant accounting policies, and actual results may differ from estimates, though no reasonably likely events are currently anticipated[194].
Celanese(CE) - 2025 Q1 - Earnings Call Transcript
2025-05-06 14:02
Financial Data and Key Metrics Changes - The company anticipates a cash flow generation of $700 million to $800 million for the year, despite uncertainties in the second half [40][44][73] - The company expects a run rate of approximately $2 per share by year-end if demand remains stable [60][64] Business Line Data and Key Metrics Changes - Engineered Materials volumes were down 4% year-over-year, while acetyl chain volumes were down 6% [25][28] - The company noted a significant improvement in acetate tow volumes, with April volumes being about 25% higher than January [28] Market Data and Key Metrics Changes - The company is observing a stabilization in the Nylon business, which has been a significant driver of earnings decline [16][18] - The automotive sector is showing signs of recovery, with the company outperforming the global industry decline [45] Company Strategy and Development Direction - The company is focusing on cash generation and is exploring various divestiture options beyond Micromax [12][13] - The company is committed to reducing costs and improving operational efficiency, particularly in the Nylon segment [17][19] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding demand uncertainty, particularly in the second half of the year [11][60] - The company is optimistic about the potential for earnings recovery, driven by self-help actions and cost reductions [64][70] Other Important Information - The company has been actively managing its portfolio and is focused on high-impact programs to drive growth [56][114] - The company has not seen project cancellations in China, although there are signs of reduced orders in low-margin segments [74][100] Q&A Session Summary Question: What is the expected earnings cadence for the second half of the year? - Management indicated that there are tailwinds from cost reductions and volume increases, estimating a potential $100 million improvement in the second half [9][10] Question: How is the EBITDA margin for Micromax? - The revenue for Micromax is approximately $300 million, with EBITDA margins in the high teens [15] Question: What is the outlook for the Nylon 66 business? - Management acknowledged challenges due to reduced demand and increased capacity, but noted stabilization efforts are underway [16][32] Question: How do oil prices affect the company? - Management stated that the company is relatively agnostic to oil prices, focusing more on demand dynamics [22][23] Question: What is the company's strategy regarding pricing actions? - The company has successfully implemented price increases and is focused on reversing unsustainable pricing trends [55][108] Question: What is the expected cash flow generation for the year? - Management is confident in generating $700 million to $800 million in free cash flow, supported by various operational levers [40][44] Question: How is the company performing in the automotive sector? - The company reported a 5% decline in automotive volumes, outperforming the global industry decline of 10% [45] Question: What is the impact of tariffs on the acetyl chain? - Management indicated that tariffs have minimal impact on the acetyl chain, primarily affecting Engineered Materials [50] Question: What is the company's approach to managing leverage? - The company is focused on generating cash and reducing debt, with no liquidity challenges anticipated [80]
Celanese's Earnings and Revenues Surpass Estimates in Q1
ZACKS· 2025-05-06 13:30
Core Viewpoint - Celanese Corporation reported a significant decline in earnings and revenues for the first quarter of 2025, indicating challenges in the market due to lower volumes and prices [1][3]. Financial Performance - Earnings from continuing operations were 15 cents per share, down from $1.10 in the prior-year quarter [1]. - Adjusted earnings were 57 cents, a decrease of 72.6% from $2.08 a year ago, but exceeded the Zacks Consensus Estimate of 37 cents [1]. - Revenues totaled $2,389 million, an 8.5% year-over-year decrease, surpassing the Zacks Consensus Estimate of $2,264.6 million [1]. Segment Highlights - Engineered Materials unit reported net sales of $1,287 million, down 6.6% year over year, but above the estimate of $1,180.9 million, with an operating profit of $96 million [2]. - Acetyl Chain segment had net sales of $1,116 million, down 11.5% year over year, exceeding the estimate of $1,105.9 million, generating an operating profit of $162 million [3]. Financial Position - Cash and cash equivalents at the end of the quarter were $951 million, a decrease of 1.1% sequentially [4]. - Long-term debt increased by 11.7% sequentially to $12,378 million [4]. Outlook - The company anticipates adjusted earnings in the range of $1.30 to $1.50 per share for the second quarter of 2025 [5]. - Celanese aims to generate $700 million to $800 million in free cash flow in 2025, assuming stable demand [5]. Stock Performance - Celanese's shares have declined by 71.8% over the past year, contrasting with a 0.8% decline in the industry [6]. Zacks Rank & Comparisons - Celanese currently holds a Zacks Rank of 5 (Strong Sell) [7]. - Other stocks in the basic materials sector with better rankings include Hawkins, Inc. (Rank 1), Franco-Nevada Corporation (Rank 1), and Coeur Mining (Rank 2) [7].
Celanese(CE) - 2025 Q1 - Earnings Call Transcript
2025-05-06 13:00
Financial Data and Key Metrics Changes - The company reported a significant focus on cash generation, targeting free cash flow of $700 million to $800 million for the year despite uncertainties in demand [38][42][44] - The management indicated that the second half of the year could see tailwinds amounting to approximately $100 million from cost reductions and volume increases [7][41] Business Line Data and Key Metrics Changes - Engineered Materials volumes were down 4% year-over-year, while acetyl chain volumes decreased by 6% [23][25] - The company noted a strong recovery in acetate tow volumes, with April volumes being approximately 25% higher than January [26] Market Data and Key Metrics Changes - The automotive sector showed a decline of 5% in volumes, compared to a 10% decline in the global industry, indicating some market share gains [44] - The company observed a lack of normal seasonal pickup in acetyls, particularly in paints and coatings, which typically see stronger demand in Q2 [25] Company Strategy and Development Direction - The company is actively pursuing divestitures beyond Micromax, focusing on cash generation and portfolio optimization [9][10] - Management emphasized the importance of stabilizing the nylon business, which has been a significant driver of earnings decline, and is taking actions to improve profitability [14][30] Management Comments on Operating Environment and Future Outlook - Management expressed caution regarding demand uncertainty, particularly in the second half of the year, while noting some positive trends in April and May [8][126] - The company is not assuming any significant improvements in demand but is focused on self-help actions to drive cash flow and earnings [61][62] Other Important Information - The company highlighted that it has a flexible operating model and is relatively agnostic to oil price fluctuations, focusing instead on demand dynamics [20][21] - Management indicated that the nylon business has faced significant challenges due to reduced demand and increased capacity, leading to overcapacity issues [30][31] Q&A Session Summary Question: What is the expected earnings cadence for the second half of the year? - Management indicated potential tailwinds of around $100 million from cost reductions and volume increases, but demand uncertainty remains a key concern [6][7] Question: Is Micromax the only divestiture planned for this year? - Management confirmed that they are exploring multiple divestiture options beyond Micromax, focusing on cash generation [9][10] Question: What are the EBITDA margins for the Micromax business? - The revenue for Micromax is approximately $300 million, with EBITDA margins in the high teens [12] Question: What is the outlook for the nylon business? - Management acknowledged that the nylon business has been a significant drag on operating profit and emphasized the need for focused actions to stabilize and improve profitability [14][30] Question: How is the company positioned regarding oil price changes? - Management stated that the company has a flexible operating model and is generally agnostic to oil price fluctuations, focusing more on demand [20][21] Question: What is the expected impact of tariffs on the acetyl chain? - Management indicated that tariffs have minimal impact on the acetyl chain, with more significant effects seen in Engineered Materials [50] Question: What is the company's strategy for pricing actions in the Engineered Materials portfolio? - Management confirmed that they are implementing pricing actions to reverse negative trends and improve margins [54][56] Question: What is the expected cash flow generation for the year? - Management reiterated confidence in generating $700 million to $800 million in free cash flow, despite uncertainties in demand [38][42] Question: How is the company addressing the challenges in the nylon business? - Management is taking decisive actions to address overcapacity and improve profitability in the nylon segment [30][31]
Celanese (CE) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-05-06 00:05
Core Insights - Celanese reported revenue of $2.39 billion for Q1 2025, a decrease of 8.5% year-over-year, with EPS at $0.57 compared to $2.08 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $2.26 billion by 5.49%, while the EPS surpassed the consensus estimate of $0.37 by 54.05% [1] Financial Performance - Net Sales from the Acetyl Chain were $1.12 billion, above the average estimate of $1.08 billion, but down 11.5% year-over-year [4] - Net Sales from Inter segment eliminations were -$14 million, better than the estimated -$25.25 million, reflecting a 50% decrease compared to the previous year [4] - Net Sales from Engineered Materials reached $1.29 billion, exceeding the estimate of $1.18 billion, but down 6.6% year-over-year [4] - Operating EBITDA for the Acetyl Chain was $229 million, below the estimate of $245.41 million [4] - Operating EBITDA for Other Activities was -$50 million, better than the estimated -$55.99 million [4] - Operating EBITDA for Engineered Materials was $235 million, surpassing the estimate of $197.28 million [4] Stock Performance - Celanese shares have returned +12.1% over the past month, outperforming the Zacks S&P 500 composite's +0.4% change [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance in the near term [3]
Celanese (CE) Beats Q1 Earnings and Revenue Estimates
ZACKS· 2025-05-05 23:10
Core Viewpoint - Celanese reported quarterly earnings of $0.57 per share, exceeding the Zacks Consensus Estimate of $0.37 per share, but down from $2.08 per share a year ago, indicating a significant earnings surprise of 54.05% [1] Financial Performance - The company posted revenues of $2.39 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 5.49%, although this is a decrease from $2.61 billion in the same quarter last year [2] - Over the last four quarters, Celanese has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Stock Performance - Celanese shares have declined approximately 33.6% since the beginning of the year, contrasting with the S&P 500's decline of -3.3% [3] - The current consensus EPS estimate for the upcoming quarter is $1.43 on revenues of $2.45 billion, and for the current fiscal year, it is $5.13 on revenues of $9.73 billion [7] Industry Outlook - The Chemical - Specialty industry, to which Celanese belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Celanese's stock performance [5]
Celanese(CE) - 2025 Q1 - Quarterly Results
2025-05-05 21:06
[Non-US GAAP Financial Measures and Supplemental Information](index=1&type=section&id=Non-US%20GAAP%20Financial%20Measures%20and%20Supplemental%20Information) This report provides supplemental financial information and reconciles non-US GAAP measures to their US GAAP counterparts, offering additional insights into the company's performance [Introduction and Definitions](index=1&type=section&id=Introduction%20and%20Definitions) This section defines key non-GAAP financial measures and explains their importance for assessing the company's performance and internal planning - The company presents its business in two segments: Engineered Materials and the Acetyl Chain[4](index=4&type=chunk) - Management discloses non-GAAP financial measures as supplemental information for investors, believing them to be important for assessing financial results and comparing periods, and should be viewed as supplemental to US GAAP measures[6](index=6&type=chunk) - The report provides definitions for key non-GAAP measures including: Adjusted EBIT, Operating EBITDA, Adjusted Gross Profit, Adjusted Earnings Per Share, Free Cash Flow, Net Debt, and Return on Invested Capital (Adjusted)[9](index=9&type=chunk)[11](index=11&type=chunk)[15](index=15&type=chunk) - The company does not provide forward-looking reconciliations for non-GAAP measures like Adjusted EBIT or Free Cash Flow due to the difficulty in forecasting certain items like mark-to-market pension gains or working capital changes[11](index=11&type=chunk)[12](index=12&type=chunk)[15](index=15&type=chunk) [Financial Performance and Reconciliations](index=6&type=section&id=Financial%20Performance%20and%20Reconciliations) This section presents detailed unaudited financial tables reconciling US GAAP measures to non-GAAP metrics, covering key performance indicators and segment-level data [Table 1: Adjusted EBIT and Operating EBITDA Reconciliation](index=6&type=section&id=Table%201%20Adjusted%20EBIT%20and%20Operating%20EBITDA%20-%20Reconciliation%20of%20Non-GAAP%20Measures%20-%20Unaudited) This table reconciles Net Earnings to Adjusted EBIT and Operating EBITDA, showing Q1 2025 Adjusted EBIT of **$234 million** and Operating EBITDA of **$414 million** Reconciliation of Net Earnings to Adjusted EBIT and Operating EBITDA (In $ millions) | Measure | Q1 '25 | 2024 | Q4 '24 | | :--- | :--- | :--- | :--- | | Net earnings (loss) attributable to Celanese Corporation | (21) | (1,522) | (1,914) | | Certain Items attributable to Celanese Corporation | 43 | 2,009 | 1,696 | | **Adjusted EBIT** | **234** | **1,648** | **333** | | Depreciation and amortization expense | 180 | 728 | 184 | | **Operating EBITDA** | **414** | **2,376** | **517** | [Table 2: Supplemental Segment Data and Reconciliation](index=7&type=section&id=Table%202%20-%20Supplemental%20Segment%20Data%20and%20Reconciliation%20of%20Segment%20Adjusted%20EBIT%20and%20Operating%20EBITDA%20-%20Non-GAAP%20Measures%20-%20Unaudited) This table provides segment-level Adjusted EBIT and Operating EBITDA, with Engineered Materials reporting **$126 million** Adjusted EBIT and Acetyl Chain **$168 million** in Q1 2025 Segment Adjusted EBIT (In $ millions) | Segment | Q1 '25 | 2024 | Q4 '24 | | :--- | :--- | :--- | :--- | | Engineered Materials | 126 | 859 | 156 | | Acetyl Chain | 168 | 1,102 | 253 | | Other Activities | (60) | (313) | (76) | | **Total** | **234** | **1,648** | **333** | Segment Operating EBITDA (In $ millions) | Segment | Q1 '25 | 2024 | Q4 '24 | | :--- | :--- | :--- | :--- | | Engineered Materials | 235 | 1,296 | 270 | | Acetyl Chain | 229 | 1,346 | 316 | | Other Activities | (50) | (266) | (69) | | **Total** | **414** | **2,376** | **517** | [Table 2a: Adjusted Gross Profit Reconciliation](index=9&type=section&id=Table%202a%20Adjusted%20gross%20profit) This table reconciles Gross Profit to Adjusted Gross Profit for the Engineered Materials segment, showing **$1,356 million** Adjusted Gross Profit for 2024 Engineered Materials Adjusted Gross Profit (In $ millions) | Description | 2024 | 2021 | | :--- | :--- | :--- | | Gross profit | 1,236 | 1,670 | | Certain Items | 120 | 27 | | **Adjusted gross profit** | **1,356** | **1,697** | - The **$120 million** in "Certain Items" for 2024 included **$115 million** for exit and shutdown costs and **$3 million** for mergers, acquisitions, and dispositions[23](index=23&type=chunk) [Table 3 & 3a: Adjusted Earnings per Share and Tax Rate Reconciliation](index=10&type=section&id=Table%203%20Adjusted%20Earnings%20(Loss)%20per%20Share%20-%20Reconciliation%20of%20a%20Non-GAAP%20Measure%20-%20Unaudited) These tables reconcile GAAP earnings per share to Adjusted EPS, reporting **$0.57** Adjusted EPS for Q1 2025 and an adjusted effective tax rate of **9%** for 2025 Adjusted Earnings Per Share Reconciliation | Description | Q1 '25 (per share) | 2024 (per share) | Q4 '24 (per share) | | :--- | :--- | :--- | :--- | | Earnings (loss) from continuing operations | (0.15) | (13.86) | (17.45) | | **Adjusted earnings (loss) from continuing operations** | **0.57** | **8.37** | **1.45** | Adjusted Tax Rate Reconciliation (In percentages) | Description | Estimated 2025 | Actual 2024 | | :--- | :--- | :--- | | US GAAP annual effective tax rate | 20 | (51) | | Adjustments | (11) | 60 | | **Adjusted tax rate** | **9** | **9** | [Table 4, 4a, 4b, & 4c: Net Sales Analysis](index=12&type=section&id=Table%204%20Net%20Sales%20by%20Segment%20-%20Unaudited) This section analyzes net sales by segment, with total net sales of **$2,389 million** in Q1 2025, showing a 1% sequential increase and a 9% year-over-year decrease Net Sales by Segment (In $ millions) | Segment | Q1 '25 | 2024 | Q4 '24 | | :--- | :--- | :--- | :--- | | Engineered Materials | 1,287 | 5,607 | 1,281 | | Acetyl Chain | 1,116 | 4,763 | 1,110 | | **Total Net sales** | **2,389** | **10,280** | **2,370** | - Sequential Change (Q1'25 vs Q4'24): Total sales increased **1%**, driven by a **2%** increase in volume, partially offset by a **1%** negative currency impact[29](index=29&type=chunk) - Year-over-Year Change (Q1'25 vs Q1'24): Total sales decreased **9%**, driven by a **5%** decrease in volume and a **3%** decrease in price[34](index=34&type=chunk) - Full Year Change (2024 vs 2023): Total sales decreased **6%**, driven by a **4%** decrease in price and a **1%** decrease in volume[39](index=39&type=chunk) [Table 5: Free Cash Flow Reconciliation](index=16&type=section&id=Table%205%20Free%20Cash%20Flow%20-%20Reconciliation%20of%20a%20Non-GAAP%20Measure%20-%20Unaudited) This table reconciles net cash from operating activities to free cash flow, reporting a negative free cash flow of **($73) million** in Q1 2025 Free Cash Flow Reconciliation (In $ millions) | Description | Q1 '25 | 2024 | Q4 '24 | | :--- | :--- | :--- | :--- | | Net cash provided by (used in) operating activities | 37 | 966 | 494 | | Capital expenditures on property, plant and equipment | (102) | (435) | (105) | | Contributions from/(Distributions) to NCI | (8) | (33) | (8) | | **Free cash flow** | **(73)** | **498** | **381** | [Table 6: Cash Dividends Received](index=17&type=section&id=Table%206%20Cash%20Dividends%20Received%20-%20Unaudited) This table details cash dividends received from equity investments, totaling **$32 million** in Q1 2025 Cash Dividends Received (In $ millions) | Description | Q1 '25 | 2024 | Q4 '24 | | :--- | :--- | :--- | :--- | | Dividends from equity method investments | 31 | 160 | 38 | | Dividends from other equity investments | 1 | 128 | 33 | | **Total** | **32** | **288** | **71** | [Table 7: Net Debt Reconciliation](index=17&type=section&id=Table%207%20Net%20Debt%20-%20Reconciliation%20of%20a%20Non-GAAP%20Measure%20-%20Unaudited) This table reconciles total debt to net debt, showing net debt of **$11,833 million** at the end of Q1 2025 Net Debt Calculation (In $ millions) | Description | Q1 '25 | Q4 '24 | | :--- | :--- | :--- | | Total debt | 12,784 | 12,579 | | Cash and cash equivalents | (951) | (962) | | **Net debt** | **11,833** | **11,617** | [Table 8: Certain Items](index=18&type=section&id=Table%208%20Certain%20Items%20-%20Unaudited) This table details "Certain Items" excluded from non-GAAP measures, totaling **$43 million** in Q1 2025, primarily from exit and shutdown costs Breakdown of Certain Items (In $ millions) | Item | Q1 '25 | 2024 | Q4 '24 | | :--- | :--- | :--- | :--- | | Exit and shutdown costs | 32 | 236 | 47 | | Asset impairments | — | 1,638 | 1,601 | | Mergers, acquisitions and dispositions | 5 | 80 | 12 | | Other Items | 6 | 55 | 36 | | **Total Certain Items** | **43** | **2,009** | **1,696** | - The significant asset impairment in Q4 2024 and full year 2024 was related to goodwill and certain tradenames, primarily Zytel®, arising from impairment tests[45](index=45&type=chunk) [Table 9: Return on Invested Capital (Adjusted)](index=19&type=section&id=Table%209%20Return%20on%20Invested%20Capital%20(Adjusted)%20-%20Presentation%20of%20a%20Non-GAAP%20Measure%20-%20Unaudited) This table calculates the Return on Invested Capital (Adjusted) for 2024, which was **7.8%** based on tax-effected adjusted EBIT Return on Invested Capital (Adjusted) - 2024 | Metric | Value | | :--- | :--- | | Adjusted EBIT tax effected | $1,500 million | | Average Invested capital | $19,265 million | | **Return on invested capital (adjusted)** | **7.8%** | | Net earnings (loss) as a % of invested capital | (7.9)% |
DUNN-EDWARDS COLLABORATES WITH CELANESE TO BRING CARBON CAPTURE AND UTILIZATION-BASED PAINT TO THE U.S.
Prnewswire· 2025-04-22 14:00
Core Insights - Dunn-Edwards Corporation has partnered with Celanese Corporation to introduce a sustainable pathway for architectural coatings through Carbon Capture and Utilization (CCU) technology, marking a first-to-market initiative in the U.S. [1][2] Group 1: Collaboration and Technology - The collaboration aims to minimize greenhouse gas emissions by utilizing CO2 captured from industrial processes to produce architectural paints [1][2] - Celanese's CCU technology captures industrial CO2 emissions at its Clear Lake, Texas facility, creating a key component for vinyl acetate-based emulsions used in architectural paints [2][3] Group 2: Environmental Impact - The use of CCU resin technology in Dunn-Edwards paints is expected to utilize over 2 million pounds of captured CO2 annually, equivalent to the CO2 consumption of over 800 acres of forest in a year [3] - The initiative aligns with Dunn-Edwards' commitment to sustainability, aiming to provide high-performance products while minimizing environmental impact [4] Group 3: Company Background - Dunn-Edwards is a leading manufacturer and distributor of premium architectural and industrial paints, operating over 170 stores across several states and employing approximately 1,700 people [6] - Celanese Corporation is a global leader in chemistry with a commitment to sustainability, reporting net sales of $10.3 billion in 2024 and employing over 11,000 people worldwide [7]
Celanese (CE) Up 4.2% Since Last Earnings Report: Can It Continue?
ZACKS· 2025-03-20 16:35
Core Viewpoint - Celanese has experienced a 4.2% increase in share price since the last earnings report, outperforming the S&P 500, but there are concerns about potential pullbacks leading up to the next earnings release [1]. Estimates Movement - Estimates for Celanese have trended downward over the past month, with a significant consensus estimate shift of -77.68% [2]. VGM Scores - Celanese holds a Growth Score of B, a Momentum Score of F, and a Value Score of C, resulting in an aggregate VGM Score of C, indicating a middle-tier position in investment strategy [3]. Outlook - The downward trend in estimates suggests a negative outlook for Celanese, reflected in its Zacks Rank of 5 (Strong Sell), indicating expectations of below-average returns in the coming months [4].
Celanese Announces Pricing of Cash Tender Offers for 4.777% Senior Notes due 2026 and 6.415% Senior Notes due 2027
Prnewswire· 2025-03-19 18:13
DALLAS, March 19, 2025 /PRNewswire/ -- Celanese Corporation (NYSE: CE) ("Celanese"), a global chemical and specialty materials company, today announced the pricing of offers by its direct wholly-owned subsidiary Celanese US Holdings LLC (the "Company") to purchase for cash any validly tendered (and not validly withdrawn) and accepted notes in an aggregate principal amount equal to (i) €552,082,000 of 4.777% Senior Notes due 2026 (the "EUR Notes") and (ii) $500,000,000 of 6.415% Senior Notes due 2027 (the "U ...