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Celanese Corp. (CE) Tops Q4 EPS by 1c, Offers Outlook

January 21, 2016 5:14 PM

Celanese Corp. (NYSE: CE) reported Q4 EPS of $1.25, $0.01 better than the analyst estimate of $1.24. Revenue for the quarter came in at $1.33 billion versus the consensus estimate of $1.36 billion.

Outlook

"We began 2015 facing multiple headwinds, and worked extremely hard to implement commercial discipline, productivity actions and sound capital deployment strategies to deliver record results. Our performance in 2015 demonstrates our structural uniqueness and the value of our complementary cores," said Rohr. "Similarly, 2016 is starting off with its own set of challenges. In the last few months we have seen further declines in crude and the broad raw material complex, continued uncertainty in the Asian demand landscape, and a further weakening Chinese currency. That said, we are confident that our business models in Materials Solutions and the Acetyl Chain provide the framework needed to manage the current uncertainty and strengthen our ability to generate high levels of free cash flow. We also continue to build on our productivity initiatives to support growth. We anticipate adjusted earnings per share to grow 5-10 percent in 2016 which will keep us well on track to meet our 2018 targets."

The company's earnings presentation and prepared remarks related to the fourth quarter and year-end results will be posted on its website atwww.celanese.com in the investor section after market close on January 21, 2016.

For earnings history and earnings-related data on Celanese Corp. (CE) click here.

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