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 approved a new $1.0 billion share repurchase authorization, representing approximately 6 percent of the company’s outstanding shares. In the first half of 2021, Celanese utilized $500 million to buy back shares from a previous $1.5 billion authorization. As of June 30, 2021, $560 million remained under that authorization. The addition of this new buyback program supports ongoing shareholder value enhancement.
Celanese Corporation (NYSE: CE) has declared a quarterly cash dividend of $0.68 per share, payable on August 9, 2021. Stockholders of record as of July 26, 2021 will receive the dividend. Celanese is a leading global chemical company with approximately 7,700 employees and reported $5.7 billion in net sales for 2020. The company focuses on differentiated chemistry solutions across various industries and aims to create shareholder value while positively impacting communities through The Celanese Foundation.
Celanese Corporation (NYSE: CE) will host a conference call on July 23, 2021, at 10:00 a.m. Eastern Time to discuss its second quarter 2021 results. The earnings release will be available after market close on July 22. Investors can access the webcast at Celanese Investors. A replay of the call will be accessible from July 23 until August 6, 2021. Celanese is a global leader in specialty materials, employing approximately 7,700 people, with 2020 net sales of $5.7 billion.
Celanese Corporation (NYSE: CE) has signed a definitive agreement to acquire the Santoprene™ TPV elastomers business from Exxon Mobil Corporation for $1.15 billion. This acquisition includes the Santoprene™, Dytron™, and Geolast™ brands, key production facilities, customer contracts, and a comprehensive intellectual property portfolio. Celanese expects the transaction to be accretive to its 2022 adjusted earnings per share and free cash flow. The acquisition aims to enhance Celanese's elastomers portfolio and drive shareholder value, focusing on growth in markets like mobility and sustainability.
Celanese Corporation (NYSE: CE) announced the acquisition of specific polyacetal (POM) production technology from Grupa Azoty S.A., which is discontinuing its POM manufacturing. The deal enables Celanese to serve existing Tarnoform® customers while leveraging its own assets. Although the transaction includes intellectual property and contracts, it does not encompass employees or manufacturing facilities from Azoty. Senior Vice President Tom Kelly highlighted the acquisition as a strategic move to enhance the growth of Celanese's Engineered Materials business. The closing is anticipated for early July 2021.
Celanese Corporation (NYSE: CE) reported first-quarter 2021 GAAP diluted earnings per share of $2.83, adjusted EPS of $3.46, and net sales of $1.8 billion, reflecting a 15% increase in pricing despite a 3% volume decline. Operating profit stood at $326 million, with adjusted EBIT at $482 million, both surpassing pre-COVID levels. The company faced challenges from Winter Storm Uri, incurring costs but maintaining momentum with a strong outlook of adjusted earnings of approximately $4.00 per share for Q2 2021. Celanese returned $328 million to shareholders through buybacks and dividends.
Celanese Corporation (NYSE: CE) announced a quarterly cash dividend of $0.68 per share on its common stock, set to be paid on May 10, 2021. Stockholders recorded as of April 26, 2021 are eligible for this dividend. Celanese is a global leader in chemical and specialty materials production, employing around 7,700 people worldwide and achieving $5.7 billion in net sales for 2020. The company aims to create value through its comprehensive chemistry and technology expertise.
Celanese Corporation (NYSE: CE) has announced a conference call scheduled for April 23, 2021, at 10:00 a.m. Eastern time, to discuss its first quarter 2021 results. The earnings press release will be available after the market closes on April 22, 2021. Interested participants can join via a hosted webcast or dial-in. The call will also be accessible for replay until May 7, 2021. In 2020, Celanese reported net sales of $5.7 billion and employs approximately 7,700 people globally.
Celanese Corporation (NYSE: CE) is hosting a virtual Investor Day where CEO Lori Ryerkerk will discuss business strategies aimed at growth through 2023. The company reports a total shareholder return of 271% over the past decade and anticipates adjusted EPS of $13.00 to $14.00 in 2023. Key segments include Acetyl Chain, expected to deliver adjusted EBIT of $900-$1,000 million, and Engineered Materials with $700-$750 million. Celanese plans to allocate $6 billion for growth initiatives, including share repurchases and dividends, indicating strong cash generation and a robust financial outlook.
Celanese Corporation (NYSE: CE) has announced a three-year plan to expand its engineered materials compounding capacities in Asia, specifically in Nanjing and Suzhou, China, as well as Silvassa, India. The expansion includes adding approximately 52KT of compounding and long-fiber thermoplastics capacity in Nanjing by late 2023, and 7KT each for nylon compounding in Suzhou and annual compounding capacity in Silvassa, both by early 2022. Financial details are undisclosed, but the initiative aims to enhance the company's competitive advantage in the region.