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Stock impact report

Celanese Corporation Reports First Quarter 2020 Earnings; Highlights Resilient Cash Generation and Strong Balance Sheet

Celanese Corporation Celanese Corporation (CE) 
Last celanese corporation celanese corporation earnings: 4/27 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.celanese.com
Company Research Source: Business Wire
DALLAS--(BUSINESS WIRE)--Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today reported first quarter GAAP diluted earnings per share of $1.88 and adjusted earnings per share of $2.29 on net sales of $1.5 billion. Despite the impact of coronavirus (COVID-19) on already weak demand levels in China that extended beyond Chinese New Year, the Company delivered sequential growth in operating profit and adjusted EBIT due to the resiliency of the Engineered Materials and Acetyl Chain commercial models and continued stability in Acetate Tow. Celanese generated robust operating cash flow of $259 million and free cash flow of $135 million. The Company retains substantial financial flexibility as a result of continued liquidity and balance sheet strength. Celanese has identified and implemented structural cost and capital reduction actions and continues to execute a disciplined cash deployment strategy that will position it for growth after current challen Show less Read more
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