Celanese Corp. (CE) Misses Q4 EPS by 14c, Revenues Miss
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Celanese Corporation Reports Full Year 2019 and Fourth Quarter Earnings; Reaffirms 2020 Outlook
January 30, 2020 4:32 PM ESTDALLAS--(BUSINESS WIRE)-- Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today reported GAAP diluted earnings per share of $6.89 and adjusted earnings per share of $9.53 for 2019. Net sales for the full year were $6.3 billion, as price and volume declined by 7 percent and 3 percent, respectively, from 2018. Despite weak demand and broad industry destocking across 2019, all businesses executed controllable actions centered on capturing new business opportunities, executing productivity initiatives, and deploying high-return capital to deliver solid performance. The Company generated robust operating cash flow of $1.5 billion and free cash flow of $1.1 billion.... More
