Celanese

Celanese Corp. engages in the provision of technology and specialty materials businesses. It operates through the following segments: Engineered Materials, Acetate Tow, Acetyl Chain and Other Activities. The Engineered Materials segment includes the engineered materials business, food ingredients business and certain strategic affiliates. The Acetate Tow segment serves consumer-driven applications and is a global producer and supplier of acetate tow and acetate flake used in filter products applications. The Acetyl Chain segment includes the integrated chain of intermediate chemistry, emulsion polymers and ethylene vinyl acetate (EVA) polymers businesses, based on similar products, production processes, classes of customers and selling and distribution practices as well as economic similarities over a normal business cycle. The Other Activities segment consists of corporate center costs, including administrative activities such as finance, information technology and human resource functions, interest income and expenses associated with financing activities. The company was founded by Camille Dreyfus and Henri Dreyfus in 1918 and is headquartered in Irving, TX.

Earnings data Q1 2021

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Celanese reports robust Q4 performance, addresses challenges, eyes growth

Celanese's Q4 performance was strong, with a focus on debt reduction and strategic investments. Challenges in the M&M business are being addressed, while opportunities lie in market dynamics and operational enhancements. The company's clear Lake expansion project and cost-saving initiatives position it for future growth.

Celanese reports solid Q1 performance, eyes market recovery opportunities

Celanese's Q1 earnings call highlighted a strong performance with a focus on market recovery and controllable actions. The company faces challenges in slower demand growth but sees opportunities in market trends and synergies.

Celanese faces China demand challenges but anticipates debt reduction success

Celanese navigated challenges in China and the Acetyl Chain, with signs of price movement up despite lower demand. Sequential improvement is expected in 4Q through cost control and synergies. The company is focused on aggressively lowering debt and diversifying distribution channels for growth.

Celanese reports robust Q3 earnings, targets debt reduction and growth

Celanese's Q3 earnings call highlighted strong performance in key segments, with a focus on earnings growth, debt reduction, and market challenges. The company's strengths include flexibility, synergies, and cost optimization strategies, while facing challenges from demand uncertainties and pricing fluctuations. Opportunities for Celanese include strategic expansions, sustainability initiatives, and debt reduction goals for future growth.

Celanese projects strong 2024 performance with focus on synergies

Celanese is poised for strong performance in 2024 with a focus on cost efficiencies and operational synergies.
The company's strategic strengths lie in projected synergies, margin expansion, and deleveraging efforts.
Challenges include past volume losses and reliability issues, but opportunities exist in market growth and operational enhancements.
Overall, Celanese is strategically positioned to navigate market conditions and drive value creation.

Celanese resilient in Q1 amidst market disruptions and growth opportunities

Celanese navigated market disruptions to maintain strong financial performance.
Focus on synergies, controllable actions, and market conditions to meet guidance.
Opportunities lie in consumer confidence, Clear Lake expansion, and cost efficiencies.
Challenges include pricing pressure, market disruptions, and delayed startups in China.

Celanese projects growth in Q3 and Q4 amidst market challenges

Celanese anticipates stable market conditions and growth opportunities in Q3 and Q4 driven by synergy capture and productivity improvements.
Efforts to resolve acetyls force majeure and mitigate pricing pressures on raw materials are ongoing.
The company is focused on maximizing free cash flow efficiency, reducing debt, and adapting to market dynamics for sustained growth.
Evaluation of divestiture opportunities and maintaining a balanced approach in methanol integration are key strategic considerations.

Celanese disappoints in Q3, plans dividend cut for deleveraging

Celanese faces challenges from macroeconomic headwinds, prompting actions to support deleveraging and enhance profitability. The company's focus on cost reduction, synergies, and project pipeline acceleration aims to drive earnings growth. Clear Lake project and ongoing asset optimization present opportunities for value creation.

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Celanese's (CE) Q2 performance is likely to have benefited from productivity actions, investments in high-return organic projects and strategic acquisitions.

Celanese (CE) to Report Q2 Earnings: What's in the Cards?

Celanese's (CE) new share repurchase authorization reflects roughly 6% of the company's shares outstanding.

Celanese (CE) Authorizes Share Buyback Worth $1 Billion

DALLAS--(BUSINESS WIRE)---- $CE--Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announced that its board of directors has approved a new $1.0 billion share repurchase authorization. The new share repurchase authorization represents approximately 6 percent of the company's shares outstanding. In the first half of 2021, the company deployed $500 million to repurchase shares under the previous $1.5 billion share repurchase authorization put in place in 2019 and in

Celanese Corporation Announces New $1.0 Billion Share Repurchase Authorization

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DALLAS--(BUSINESS WIRE)--Celanese to Hold Second Quarter Earnings Conference Call on July 23, 2021

Celanese to Hold Second Quarter Earnings Conference Call on July 23, 2021

Celanese (NYSE:CE) has observed the following analyst ratings within the last quarter: Last 30 Days 1 Month Ago 2 Months Ago 3 Months Ago Bullish 1 0 0 0 Somewhat Bullish 0 0 1 4 Indifferent 0 1 0 2 Somewhat Bearish 0 0 0 0 Bearish 0 0 0 0 In the last 3 months, 14 analysts have offered 12-month price targets for Celanese. The company has an average price target of $174.0 with a high of $200.00 and a low of $150.00.

Where Celanese Stands With Analysts

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Exxon Mobil

Celanese's (CE) acquisition of Santoprene TPV elastomers business of Exxon Mobil will broaden its portfolio of engineered solutions.

Celanese (CE) to Buy Exxon Mobil's Santoprene Business for $1.15B

ExxonMobil's (XOM) global Santoprene business divestment includes two manufacturing sites located in Pensacola, FL and Newport in Wales.

ExxonMobil (XOM) Divests Santoprene to Celanese for $1.15B

(Reuters) -Oil major Exxon Mobil Corp said on Wednesday it would sell its Santoprene business, which makes elastic polymers used in automotive, industrial and consumer products, to chemical maker Celanese Corp for $1.15 billion.

Exxon to sell elastic polymers business to Celanese for $1.15 billion

Exxon Mobil Corp. said Wednesday it is selling its global Santoprene business to Celanese Corp. for $1.15 billion. Santoprene is a vulcanized polymer alloy that is used in washing machines, dryers, dishwashers, refrigerators, small appliances and floorcare.

Exxon Mobil is selling its global Santoprene business to Celanese for $1.15 billion

DALLAS--(BUSINESS WIRE)---- $CE--Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announced the signing of a definitive agreement to acquire the Santoprene™ TPV elastomers business of Exxon Mobil Corporation. Celanese will acquire the industry-renowned Santoprene™ brand as part of a comprehensive TPV product portfolio, along with intellectual property, production and commercial assets, and a world-class organization. “With the acquisition of the Santoprene™ busi

Celanese to Acquire ExxonMobil's Santoprene™ TPV Elastomers Business

Celanese (CE) benefits from its productivity actions, investments in high-return projects, demand recovery and strategic acquisitions.

Here's Why You Should Add Celanese (CE) to Your Portfolio

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Celanese (CE) takes over the POM production technology from Grupa Azoty and the transaction will lead to volume increment and catalyze the growth in its business unit.

Celanese (CE) Acquires Azoty's POM Technology, Drives Volume Gain

DALLAS--(BUSINESS WIRE)---- $CE--Celanese Acquires POM Technology and Sales Agreements from Grupa Azoty

Celanese Acquires POM Technology and Sales Agreements from Grupa Azoty

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Celanese (CE) benefits from its productivity actions, investments in high-return organic projects and strategic acquisitions.

Celanese (CE) Up 25% in 6 Months: What's Driving the Stock?

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Forecast-topping first-quarter results and upbeat outlook have contributed to the gain in Celanese's (CE) shares.

Celanese's (CE) Stock Up 27% in 3 Months: What's Driving It?

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Here's How Much a $1000 Investment in Celanese Made 10 Years Ago Would Be Worth Today

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News for Celanese Stock (CE)