Celanese Q1 GAAP EPS $1.10, adjusted EPS $2.08; guides Q2 $2.60-$3.00

Celanese Corp

2024-Q1 EPS reported $1.10 revenue$2,611,000,000

Q1 net sales $2.6B, up 2% sequentially; GAAP diluted EPS $1.10, adjusted EPS $2.08.
Adjusted EBIT $407M, operating EBITDA $583M; free cash flow -$40M.
Acetyl Chain net sales $1.3B (+7% seq); Engineered Materials net sales $1.4B (-2% seq).
Q2 adjusted EPS guidance $2.60-$3.00, including $0.30 M&M amortization.
Completed startup of Clear Lake acetic acid expansion (1.3M ton) and Nanjing VAE unit.

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 first quarter 2024 results: revenue $2.6 billion, net income $124 million, EPS $1.10.

Period: first quarter 2024
Revenue: $2.6 billion
Net income: $124 million
EPS: $1.10
Result: reported results

Exact text from the filing

Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today reported first quarter 2024 U.S. GAAP diluted earnings per share of $1.10 and adjusted earnings per share of $2.08. The Company generated net sales of $2.6 billion in the quarter

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Source: SEC EDGAR

accession 0001306830-24-000094

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