Celanese Corp. (CE) Misses Q3 EPS by 41c, Misses on Revenue

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Go back to Celanese Corp. (CE) Misses Q3 EPS by 41c, Misses on Revenue

Celanese Corporation Reports Third Quarter Earnings

November 4, 2024 4:13 PM EST

DALLAS--(BUSINESS WIRE)-- Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today reported third quarter 2024 U.S. GAAP diluted earnings per share of $1.08 and adjusted earnings per share of $2.44. The Company generated net sales of $2.6 billion in the quarter, down slightly from the previous quarter inclusive of neutral sequential volume, a slight sequential increase in currency, and a sequential decrease in pricing of 1 percent.

During the third quarter, Celanese continued to navigate persistent demand weakness across key end-markets like paints, coatings, and construction, as well as rapid and acute downturns... More