Celanese Q3 GAAP EPS $8.70, adjusted EPS $2.50; guides Q4 adj. EPS $2.10-$2.50

Celanese Corp

2023-Q3 EPS reported $11.54 revenue$8,371,000,000

Net sales of $2.7B; GAAP operating profit $842M incl. Nutrinova JV gain; adjusted EBIT $451M.
Completed Nutrinova JV: Mitsui acquired 70% stake for $503M; Celanese contributed food ingredients business.
Reduced net debt by $758M in Q3; inventory down $177M; free cash flow $268M.
Closes nylon 66 unit in Uentrop, Germany and three Engineered Materials plants in South America and Germany.
Full-year 2023 adjusted EPS expected at lower end of prior $9.00-$10.00 range; Q4 adjusted EPS $2.10-$2.50.

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 0.98

Celanese Corp reported third quarter of 2023 results: revenue $2.7 billion, EPS $8.70.

Period: third quarter of 2023
Revenue: $2.7 billion
EPS: $8.70
Result: reported results

Exact text from the filing

Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today reported third quarter 2023 GAAP diluted earnings per share of $8.70 and adjusted earnings per share of $2.50. The Company generated net sales of $2.7 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 0001306830-23-000156

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