Celanese Corp. (CE) Tops Q2 EPS by 25c

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Go back to Celanese Corp. (CE) Tops Q2 EPS by 25c

Celanese Corporation Reports Second Quarter 2020 Earnings; Strong Cash Flow Generation and Solid Results

July 28, 2020 4:35 PM EDT

DALLAS--(BUSINESS WIRE)-- Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today reported second quarter GAAP diluted earnings per share of $0.93 and adjusted earnings per share of $1.30 on net sales of $1.2 billion. The Company exceeded expectations in mitigating the effects of COVID-19 and limited its impact on second quarter earnings to less than the previously forecasted range. These results were due to the resiliency of Acetyl Chain, the strength of Engineered Materials' commercial model and the continued stability in Acetate Tow. Celanese generated steady operating cash flow of $379 million... More