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 (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.
Celanese has been awarded the American Chemistry Council's 2024 Sustainability Leadership Award in the “Circularity” category for its carbon capture and utilization project in Texas. The project is expected to capture 180,000 metric tons of CO2 emissions annually and produce 130,000 metric tons of low-carbon methanol. This initiative highlights Celanese's commitment to sustainability and innovation, enabling the production of ECO-CC products across various industries.
Celanese (NYSE: CE) reported first quarter diluted earnings per share of $1.10 and adjusted earnings per share of $2.08 with net sales of $2.6 billion, reflecting a 2% increase. Despite challenges in the demand environment, Celanese managed to largely offset higher expenses and reported operating profit of $210 million. The company demonstrated the ability to execute in a stabilizing market and is focused on enhancing earnings power for the future.
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