secwatch.observer — SEC 8-K summary
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Issuer:     Celanese Corp (CE)
CIK:        0001306830
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001306830-23-000082
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1306830/000130683023000082/0001306830-23-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1306830/000130683023000082/ce-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001306830-23-000082

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