Celanese Q1 adj EPS $2.01, sales $2.9B; Q2 guidance adj EPS ~$2.50

Celanese Corp

2023-Q1 EPS reported $0.83 revenue$2,853,000,000

GAAP diluted EPS $0.86, adjusted EPS $2.01; net sales $2.9B (+22% sequential).
Engineered Materials sales $1.63B (+32% seq), Acetyl Chain $1.25B (+10% seq).
Operating cash flow $(96)M, free cash flow $(261)M on working capital build; expects Q2 improvement.
Term sheet for Food Ingredients JV with Mitsui: Mitsui to take 70% stake; cash proceeds to pay down debt.
Completed mechanical construction of 1.3M ton acetic acid unit at Clear Lake; startup in Q3 2023.

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 first quarter 2023 results: revenue $2.9 billion, EPS $0.86.

Period: first quarter 2023
Revenue: $2.9 billion
EPS: $0.86
Result: reported results

Exact text from the filing

materials company, today reported first quarter 2023 GAAP diluted earnings per share of $0.86 and adjusted earnings per share of $2.01. The Company generated net sales of $2.9 billion in the quarter, an increase of 22 percent over the prior quarter. Net sales reflected a sequential volume increase of 19 percent over the prior quarter that was partially offset

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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 0001306830-23-000082

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