Celanese Q3 GAAP EPS $1.76, adj. EPS $3.94; revenue $2.3B; closes M&M acquisition; guides Q4 adj. EPS $1.50-$2.00

Celanese Corp

2022-Q3 EPS reported $10.32 revenue$7,325,000,000

GAAP diluted EPS $1.76, adjusted EPS $3.94; net sales $2.3B, down 7% sequentially.
Engineered Materials adj. EBIT $206M (-$18M QoQ); Acetyl Chain adj. EBIT $322M on 25% margins.
Completed acquisition of Mobility & Materials on Nov 1, funded with new debt.
Quarterly dividend increased 3% to $0.70/share; free cash flow $325M.
Q4 2022 adj. EPS guidance $1.50-$2.00, citing continued demand weakness and destocking.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Celanese Corp reported third quarter 2022 results: revenue $2.3 billion, net income $193 million, EPS GAAP diluted earnings per share of $1.76 and adjusted earnings per share of $3.94.

Period: third quarter 2022
Revenue: $2.3 billion
Net income: $193 million
EPS: GAAP diluted earnings per share of $1.76 and adjusted earnings per share of $3.94
Result: reported results

Exact text from the filing

materials company, today reported third quarter 2022 GAAP diluted earnings per share of $1.76 and adjusted earnings per share of $3.94. The Company generated net sales of $2.3 billion in the third quarter, a 7 percent decrease from the prior quarter due to sequential decreases in price and volume of 3 percent and 2 percent, respectively, and a 2 percent

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3 earnings releases filed in the last 30 days. Browse all earnings releases →

Celanese Corp filing history →

Source: SEC EDGAR

accession 0001306830-22-000179

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