Celanese Q3 GAAP EPS $1.08, adj EPS $2.44; cuts dividend ~95%, Q4 adj EPS guidance ~$1.25

Celanese Corp

2024-Q3 EPS reported $3.58 revenue$7,910,000,000

Q3 GAAP diluted EPS $1.08; adjusted EPS $2.44; net sales $2.6B, down slightly YoY.
Demand weakness across key end-markets; automotive and industrial segments degraded swiftly.
Dividend to be reduced ~95% starting Q1 2025 to support deleveraging and debt repayment.
Q4 outlook: adjusted EPS ~$1.25; expects worsening demand and heavier-than-normal seasonal destocking.
Additional cost reduction programs >$75M by end of 2025; temporary idling and $200M inventory release in Q4.

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