Celanese Q2 GAAP EPS $2.00, adj EPS $2.17; record FCF $611M; Q3 adj EPS guidance $2.00-$2.50

Celanese Corp

2023-Q2 EPS reported $2.85 revenue$5,648,000,000

Net sales $2.8B, down 2% sequentially; operating profit $335M, adjusted EBIT $444M.
Record operating cash flow $762M and free cash flow $611M; net debt reduced by $515M.
Acetyl Chain operating profit $295M (adj EBIT $332M); Engineered Materials $158M ($205M).
Food Ingredients JV Nutrinova: Mitsui to acquire 70% stake for $472.5M (~15x 2022 EBITDA).
Full-year adj EPS guidance $9.00-$10.00; Q3 adj EPS $2.00-$2.50 (incl. ~$0.30 M&M amort).

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 second quarter 2023 results: revenue $2.8 billion, net income $221 million, EPS $2.00.

Period: second quarter 2023
Revenue: $2.8 billion
Net income: $221 million
EPS: $2.00
Result: reported results

Exact text from the filing

Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today reported second quarter 2023 GAAP diluted earnings per share of $2.00 and adjusted earnings per share of $2.17. The Company generated net sales of $2.8 billion in the quarter

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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 0001306830-23-000124

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