Celanese(CE) - 2023 Q2 - Earnings Call Transcript

Lori Ryerkerk Sure. Thanks, Mike for your question. As we look at Q2, if we look at what we had guided to versus our performance, I mean clearly, we were below what we had expected in the quarter. I'd say half of that gap came from the M&M side. About half of that was really the inventory drawdown in M&M, which we really hadn't anticipated, so the earnings associated with that. And the other half is really just the weak demand, again especially industrial and electronics. And how I would try to describe wha ...