secwatch.observer — SEC 8-K summary
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Issuer:     Celanese Corp (CE)
CIK:        0001306830
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0001306830-23-000124
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1306830/000130683023000124/0001306830-23-000124-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1306830/000130683023000124/ce-20230807.htm
  HTML page:      https://secwatch.observer/filing/0001306830-23-000124

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer