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 has released its 2023-2024 Sustainability Report, 'The Chemistry of Change,' and Sustainability Index. The report highlights the company's expansion of lower-carbon footprint solutions and commitment to innovation across businesses and supply chains. Key achievements include launching a carbon capture project at Clear Lake, Texas, becoming the first to receive ISCC Carbon Footprint Certification for low-carbon CCU methanol, and partnering with Under Armour® for NEOLAST™ sustainable fiber.
The company has integrated legacy DuPont Mobility & Materials facilities into its environmental data, updated water risk assessment processes, and enhanced Scope 3 GHG emissions quantification. Notable governance achievements include 40% female Board members and 33% female senior leadership. The report aligns with SASB Chemicals Sector Standard, TCFD, and UN SDGs frameworks.
Celanese (NYSE: CE) reported third quarter 2024 results with U.S. GAAP diluted EPS of $1.08 and adjusted EPS of $2.44. Net sales reached $2.6 billion, slightly down from the previous quarter. The company faced persistent demand weakness across key markets, particularly in automotive and industrial segments. Operating profit was $248 million, with adjusted EBIT of $457 million and operating EBITDA of $644 million.
In response to challenges, Celanese announced plans to reduce quarterly dividend by 95% starting Q1 2025, implement cost reduction programs targeting $75 million in savings by end of 2025, and secure a $1 billion term loan for maturing debt.
Celanese (NYSE: CE), a global chemical and specialty materials company, has declared a quarterly cash dividend of $0.70 per share on its common stock. The dividend is payable on November 13, 2024, to stockholders of record as of October 30, 2024.
Celanese is a Fortune 500 company with approximately 12,400 employees worldwide and 2023 net sales of $10.9 billion. The company is committed to sustainability, responsibly managing materials throughout their lifecycle, and growing its portfolio of sustainable products. Celanese aims to make a positive impact in communities and foster inclusivity across its teams.
Celanese (NYSE: CE), a global chemical and specialty materials company, has announced its third quarter 2024 earnings conference call, scheduled for November 5, 2024, at 11:00 a.m. ET. The call will be accessible via webcast and phone. The company will release its Q3 earnings press release after the NYSE closes on November 4, 2024.
Key details:
- Webcast: https://investors.celanese.com
- Phone: 1-877-407-0989 (US), 1-201-389-0921 (International)
- Pre-registration link available
- Replay available until November 19, 2024
Celanese, a Fortune 500 company, employs about 12,400 people worldwide and reported net sales of $10.9 billion in 2023.
Celanese (NYSE: CE) has announced the election of Bruce Chinn to its Board of Directors, effective September 15, 2024. Chinn, 67, recently served as President, CEO, and Director of Chevron Phillips Chemical Company until March 2024. His addition will bring the total number of board members to eleven, with ten being independent.
Chinn's extensive experience includes leadership roles at Chevron and a career at DuPont spanning manufacturing, technical, and business leadership. He currently serves on the Board of Directors of Waste Management, Inc. (WM) and the American Institute of Chemical Engineers Foundation Board of Trustees. Celanese CEO Lori Ryerkerk praised Chinn's exceptional background and leadership experience in the global chemicals industry as valuable additions to the board.
Celanese (NYSE: CE) has lifted the force majeure on acetic acid and vinyl acetate monomer (VAM) in the Western Hemisphere. The company confirmed that supply chain conditions have stabilized. Mark Murray, senior VP of the Acetyl Chain, stated that Celanese met the product needs of virtually all contracted customers during the challenging period by leveraging their integrated and flexible supply chain model.
Celanese is committed to working closely with critical raw material suppliers to mitigate future risks. The company is a global leader in chemistry, producing specialty material solutions across major industries. With a focus on sustainability and growing its portfolio of sustainable products, Celanese employs approximately 12,400 people worldwide and reported 2023 net sales of $10.9 billion.
Celanese (NYSE: CE) reported second quarter 2024 U.S. GAAP diluted earnings per share of $1.42 and adjusted earnings per share of $2.38. The company generated net sales of $2.7 billion, a 2% increase from the prior quarter. Despite significant external challenges, including supplier outages and poor demand conditions, Celanese achieved operating profit of $250 million, adjusted EBIT of $451 million, and operating EBITDA of $632 million. The Engineered Materials segment delivered record performance, while the Acetyl Chain faced headwinds due to force majeure declarations. The company's focus on execution and controllable actions led to improved results, with a double-digit sequential expansion of adjusted EBIT. Celanese anticipates third quarter adjusted earnings per share of $2.75 to $3.00 and full year adjusted earnings per share of $10.25 to $10.75.
Celanese (NYSE: CE), a global chemical and specialty materials company, has declared a quarterly cash dividend of $0.70 per share on its common stock. The dividend is payable on August 12, 2024, to stockholders of record as of July 30, 2024. Celanese, a Fortune 500 company, employs approximately 12,400 people worldwide and reported net sales of $10.9 billion in 2023. The company is committed to sustainability and is growing its portfolio of sustainable products to meet increasing customer and societal demand.
Celanese (NYSE: CE), a global leader in chemical and specialty materials, announces its second quarter 2024 earnings call on August 2, 2024, at 11:00 a.m. ET. The earnings release will be distributed after market close on August 1, 2024. Stakeholders can access the webcast via the Celanese investor website or dial-in by phone. A replay will be available from August 2, 2024, 1:00 p.m. ET to August 16, 2024. The company, which reported $10.9 billion in net sales for 2023, is known for its sustainable product portfolio and commitment to inclusivity and community impact.
Celanese (NYSE: CE) has declared force majeure and sales control for acetic acid and vinyl acetate monomer (VAM) in the Western Hemisphere. This decision follows disruptions in raw material supplies important to production, particularly affecting its U.S. gulf coast network.
Production is anticipated to drop by 15-20% in Q2 due to these challenges. The company is leveraging its integrated supply chain to minimize customer impact but expects higher costs and potential volume losses.
Details on the resolution and financial impact will be provided in the Q2 earnings report.