NYSE$CE
Celanese Corp · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported an increase in net sales driven by volume and pricing, and executed controllable actions in a stabilizing demand environment.
Celanese Corporation reported first quarter 2024 U.S. GAAP diluted earnings per share of $1.10 and adjusted earnings per share of $2.08. Net sales were $2.6 billion, a 2 percent increase from the prior quarter. The company's performance was driven by execution against controllable actions in a stabilizing demand environment.
- Net sales increased by 2 percent from the prior quarter, driven by a 2 percent increase in volume and neutral pricing.
- Operating profit was $210 million, with adjusted EBIT at $407 million and operating EBITDA at $583 million.
- The Acetyl Chain delivered a 7 percent increase in net sales from the prior quarter, driven by volume and pricing increases.
- Engineered Materials reported a slight sequential decrease in net sales, but improved earnings performance due to lower raw material costs and sales mix improvements.
Headline financials
Revenue & EPS history
Celanese · Revenue · Quarterly
$2.61B
Revenue by segment
Celanese · $2.75B total across 2 segments · Q3 2023
- Engineered Materials$1.53B+64.5%55.6%
- Acetyl Chain$1.22B-4.2%44.4%
Forward guidance
The Company anticipates second quarter adjusted earnings per share of $2.60 to $3.00, inclusive of approximately $0.30 per share of M&M transaction amortization.
Tailwinds
- Further improvement in the profitability of acquired product portfolio
- Benefits from Clear Lake expansion
- Benefits from Uentrop closure
- Benefits from SAP S/4HANA ERP integration
- Expected ramp in earnings performance in the second quarter and into the second half of the year
Headwinds
- Current demand environment
- Muted seasonal commercial lift
- Timing of major value creation projects
- Reflective of the current commercial environment
- M&M transaction amortization of approximately $0.30 per share
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+0.3%
Avg return
Earnings day
-1.4%
Avg return
5 days after
+1.3%
Avg return
30 days after
56%
41 / 73 earnings
Positive
+16.4%
Q1 2015
Best reaction
-27.1%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.6% | -13.9% | -26.1% | |
| Q4 2025 | -1.6% | -6.1% | +2.2% | |
| Q3 2025 | +14.5% | +8.3% | +12.5% | |
| Q2 2025 | -13.1% | -10.4% | -1.2% | |
| Q1 2025 | +10.0% | +14.4% | +21.8% | |
| Q4 2024 | -21.5% | -24.3% | -18.3% | |
| Q3 2024 | -27.1% | -32.1% | -43.2% | |
| Q2 2024 | -6.8% | -10.0% | -7.5% | |
| Q1 2024 | -0.8% | -1.5% | -10.0% | |
| Q4 2023 | -0.5% | -1.1% | +11.4% | |
| Q3 2023 | -3.6% | -2.0% | +16.5% | |
| Q2 2023 | +1.1% | +1.7% | +2.4% | |
| Q1 2023 | -2.9% | -4.9% | +9.1% | |
| Q4 2022 | +3.1% | +1.8% | -11.1% | |
| Q3 2022 | -2.2% | -0.2% | +16.1% | |
| Q2 2022 | -0.5% | -5.7% | -3.6% | |
| Q1 2022 | +4.9% | +7.3% | +13.7% | |
| Q4 2021 | -4.0% | -1.3% | -11.5% | |
| Q3 2021 | +1.2% | +3.0% | -0.5% | |
| Q2 2021 | +0.9% | +1.7% | +1.5% | |
| Q1 2021 | -0.9% | -1.3% | +3.5% | |
| Q4 2020 | +2.3% | +4.7% | +16.4% | |
| Q3 2020 | -3.9% | -5.6% | +14.4% | |
| Q2 2020 | +2.1% | +2.1% | +8.2% | |
| Q1 2020 | +4.0% | +0.7% | +19.4% | |
| Q4 2019 | -7.5% | -4.1% | -16.3% | |
| Q3 2019 | -1.9% | +1.6% | +2.1% | |
| Q2 2019 | +3.0% | +3.8% | +5.7% | |
| Q1 2019 | +6.6% | +3.2% | -4.8% | |
| Q4 2018 | -1.0% | +1.5% | +6.3% | |
| Q3 2018 | -0.1% | +0.3% | +2.7% | |
| Q2 2018 | +2.1% | +2.9% | +4.3% | |
| Q1 2018 | +6.0% | +7.2% | +6.7% | |
| Q4 2017 | +1.1% | -0.3% | -5.6% | |
| Q3 2017 | -2.9% | -1.6% | -3.9% | |
| Q2 2017 | -1.4% | -3.2% | +0.4% | |
| Q1 2017 | -0.1% | -0.9% | -5.9% | |
| Q4 2016 | +3.9% | +4.3% | +6.6% | |
| Q3 2016 | +9.5% | +11.5% | +24.2% | |
| Q2 2016 | -6.4% | -9.7% | -6.1% | |
| Q1 2016 | +0.6% | — | — | |
| Q4 2015 | +3.2% | — | — | |
| Q3 2015 | +2.3% | — | — | |
| Q2 2015 | -4.7% | — | — | |
| Q1 2015 | +16.4% | — | — | |
| Q4 2014 | -7.6% | — | — | |
| Q3 2014 | +8.2% | — | — | |
| Q2 2014 | -2.3% | — | — | |
| Q1 2014 | +2.5% | — | — | |
| Q4 2013 | -4.3% | — | — | |
| Q3 2013 | +5.4% | — | — | |
| Q2 2013 | +0.8% | — | — | |
| Q1 2013 | +11.2% | — | — | |
| Q4 2012 | +2.4% | — | — | |
| Q3 2012 | +2.5% | — | — | |
| Q2 2012 | +4.5% | — | — | |
| Q1 2012 | +1.1% | — | — | |
| Q4 2011 | -1.0% | — | — | |
| Q3 2011 | +9.9% | — | — | |
| Q2 2011 | -0.9% | — | — | |
| Q1 2011 | +0.2% | — | — | |
| Q4 2010 | +0.7% | — | — | |
| Q3 2010 | +1.6% | — | — | |
| Q2 2010 | -1.2% | — | — | |
| Q1 2009 | -5.7% | — | — | |
| Q1 2010 | +0.1% | — | — | |
| Q4 2007 | +0.0% | — | — | |
| Q4 2009 | +0.0% | — | — | |
| Q3 2008 | +3.6% | — | — | |
| Q3 2009 | +3.6% | — | — | |
| Q4 2008 | +0.5% | — | — | |
| Q2 2009 | +0.5% | — | — | |
| Q2 2008 | +0.5% | — | — |
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