Celanese reports FY2024 GAAP loss of $13.86/sh; adjusted EPS $8.37; Q4 sales down 10% sequentially

Celanese Corp

2024-FY EPS reported -$13.93 revenue$10,280,000,000

Full-year 2024 GAAP diluted loss per share of $13.86; adjusted EPS $8.37; net sales $10.3B, down 6% YoY.
Q4 2024 net sales $2.37B, down 10% sequential; GAAP diluted EPS ($17.50); adjusted EPS $1.45.
Q1 2025 guidance expects EPS of $0.25-$0.50; anticipates ~$100M headwinds from seasonal/one-time factors.
CEO change: Scott Richardson appointed President and CEO effective Jan 1, 2025, succeeding Lori Ryerkerk.
Company completed $75M cost reductions; plans closure of Luxembourg Mylar Specialty Films JV; appointed Todd Elliot to lead Engineered Materials.

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