Celanese(US:CE) Globenewswire·2025-09-10 16:19Core Viewpoint - Celanese Corporation's share price dropped significantly following disappointing financial results and ongoing inventory destocking issues, leading to an investigation into potential misleading disclosures to investors [1][4][5]. Financial Performance - On August 12, 2025, Celanese reported Q2 2025 financial results, resulting in a share price decline of $6.20 (-13%) due to ongoing inventory destocking issues [1]. - The company experienced a 54% decline in net cash provided by operations for the nine months ended September 30, 2024, compared to the same period in 2023, attributing this to inventory increases and timing of collections [3]. - Subsequent quarterly reports in February and May 2025 continued to show disappointing results, with significant automotive destocking impacting performance [4]. Investigation Details - Hagens Berman has initiated an investigation into Celanese's disclosures regarding sales practices, inventory reporting, and growth trajectory, particularly in the Engineered Materials segment [2][5]. - The investigation is focused on whether Celanese misled investors about overloading customers with excess inventory [5]. Market Reaction - Following the Q3 2024 results announcement, Celanese shares fell 26% the next day, and further declines were observed after subsequent disappointing quarterly reports [3][4].