Welcome to our dedicated page for Celanese Del news (Ticker: CE), a resource for investors and traders seeking the latest updates and insights on Celanese Del stock.
Celanese Corporation (NYSE: CE) is a global specialty materials and chemical company that regularly issues news and updates related to its operations, financial performance and strategic decisions. The company describes itself as a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Its news flow reflects both its role in the basic organic chemical manufacturing industry and its position as a Fortune 500 company.
Investors following Celanese news can expect frequent announcements on earnings and investor communications. The company issues press releases and hosts conference calls and webcasts to discuss quarterly financial results, as seen in its announcement of a fourth quarter earnings conference call and related 8-K filings. Celanese also participates in investor events, including fireside chats with financial institutions, where its President and Chief Executive Officer presents to investors and analysts.
Celanese news also covers capital structure and financing activities. Recent releases describe registered offerings of senior notes by its subsidiary Celanese US Holdings LLC, the pricing and upsizing of those offerings, and cash tender offers for existing senior notes due in 2027 and 2028. Related updates explain how proceeds are used to repay borrowings under a term loan credit agreement, fund tender offers and support general corporate purposes.
Operational and portfolio developments appear in the company’s news as well. Celanese has announced the intended closure of an acetate tow production facility in Lanaken, Belgium, to streamline production costs, and the signing of a purchase and sale agreement to divest its Micromax® portfolio of products. Other news highlights sustainability-related milestones, such as achieving ISCC Carbon Footprint Certification for certain POM ECO-C grades at production sites in Frankfurt, Germany, and Bishop, Texas, reflecting the company’s stated focus on responsible material management and sustainable products.
By monitoring Celanese news, readers can track updates on governance changes, such as Board member resignations, sustainability initiatives, financing transactions and scheduled earnings events that shape the company’s strategic direction.
Celanese Corporation (NYSE: CE) has declared a quarterly cash dividend of $0.68 per share on its common stock, scheduled for payment on March 8, 2022. Shareholders of record as of February 22, 2022 will receive this dividend. In 2021, Celanese reported net sales of $8.5 billion.
Celanese Corporation reported record GAAP diluted earnings per share of $17.06 and adjusted EPS of $18.12 for 2021, supported by net sales of $8.5 billion, a 51% increase from 2020. The company effectively countered $1.1 billion in inflationary costs, achieving an operating profit of $1.9 billion. In Q4, GAAP diluted EPS was $4.83, with net sales reaching $2.3 billion. The outlook for 2022 forecasts adjusted earnings of $15.00 per share, reflecting strong demand despite ongoing supply chain challenges.
Celanese Corporation (NYSE: CE) will host a conference call on January 28, 2022, at 10:00 a.m. Eastern time to discuss its fourth quarter 2021 results. The earnings press release will be distributed after market close on January 27, 2022. The call will be available through a webcast and phone, with a replay available from January 28 to February 11. Celanese, a leading global chemical producer, reported $5.7 billion in net sales for 2020, employing approximately 7,700 people worldwide.
Celanese Corporation (NYSE: CE) has successfully acquired the Santoprene™ TPV elastomers business from Exxon Mobil Corporation for $1.15 billion. This strategic acquisition enhances Celanese's engineered materials portfolio, adding renowned trademarks such as Santoprene™ and expanding production capacity with two world-scale facilities in Florida and Wales. The deal includes customer contracts and a comprehensive intellectual property portfolio, bolstering Celanese's position in targeted growth areas and promising significant shareholder value.
Celanese Corporation (NYSE: CE) has announced a collaboration with Mitsubishi Chemical Advanced Materials (MCAM) to develop mechanical recycling solutions for polyoxymethylene (POM). This initiative aims to create a new product called POM ECO-R, derived from both post-industrial and post-consumer sources, offering up to 30% recycled content. The partnership addresses customer demands for sustainable materials while ensuring product quality. Celanese's existing product, POM ECO-B, is bio-based but distinct from the recycled POM ECO-R.
Celanese Corporation (NYSE: CE) has been recognized by The Women’s Forum of New York for achieving 55% female representation on its board of directors. This honor was part of the sixth biennial "Breakfast of Corporate Champions Event," which acknowledged 43 companies from the S&P 500 and Fortune 1000 for similar achievements in gender diversity. CEO Lori Ryerkerk emphasized the importance of diversity in leadership for driving change and business success.
Celanese Corporation (NYSE: CE) reported strong Q3 2021 results, with GAAP diluted EPS of $4.67 and adjusted EPS of $4.82. The company achieved record net sales of $2.3 billion, driven by a 3% increase in pricing and 1% in volume. Net earnings were $506 million, while adjusted EBIT reached $648 million. Despite facing over $100 million in sequential cost inflation and sourcing issues, Celanese is optimistic about future growth, projecting Q4 adjusted earnings of approximately $5.00 per share and at least $15.00 per share for 2022. Significant cash generation allowed for $376 million returned to shareholders.
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Celanese Corporation (NYSE: CE) announced a quarterly cash dividend of $0.68 per share on common stock, scheduled for payment on November 15, 2021. Stockholders of record as of November 1, 2021 will be eligible for this dividend. Celanese, a leader in chemical and specialty materials, reported $5.7 billion in net sales for 2020 and employs approximately 7,700 individuals worldwide.
Celanese Corporation (NYSE:CE) announced a global surcharge on its POM products, including Amcel®, Celcon®, and Hostaform®, due to surging global energy prices. The surcharge will take effect from October 25, 2021, with rates set at €0.50/kg in Europe, $0.35/kg in Asia, and $0.30/kg in the Americas. Vice President Juergen Pongratz emphasized the need to share the burden of rising costs with customers, stating that the current energy market instability could persist through winter while the company will monitor conditions regularly.