Celanese Corp. (CE) Raises FY21 Guidance

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Go back to Celanese Corp. (CE) Raises FY21 Guidance

Celanese Increases 2021 Financial Outlook

March 24, 2021 4:15 PM EDT

DALLAS--(BUSINESS WIRE)-- Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today increased its full year 2021 outlook for adjusted earnings of $11.00 to $11.50 per share. The midpoint of the new guidance range represents a 15 percent increase over the prior range of $9.50 to $10.00.

While Winter Storm Uri had an unprecedented impact on Texas and our gulf coast operations, I am pleased to share that our Clear Lake, Bishop, and Bay City facilities are all operational with most units producing at pre-storm levels, said Lori Ryerkerk, chairman and chief executive officer. Amid tightened market... More