secwatch.observer — SEC 8-K summary
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Issuer:     Celanese Corp (CE)
CIK:        0001306830
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0001306830-23-000156
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1306830/000130683023000156/0001306830-23-000156-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1306830/000130683023000156/ce-20231106.htm
  HTML page:      https://secwatch.observer/filing/0001306830-23-000156

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