NYSE$CE
Celanese Corp · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Celanese reported strong cash flow generation and solid results.
Celanese Corporation reported Q2 2020 GAAP diluted earnings per share of $0.93 and adjusted earnings per share of $1.30 on net sales of $1.2 billion. The Company exceeded expectations in mitigating the effects of COVID-19. Celanese generated operating cash flow of $379 million and free cash flow of $283 million for the second quarter.
- Announced the agreement to monetize equity investment in the Polyplastics joint venture for cash proceeds of $1.575 billion.
- Increased outstanding share repurchase authorization to $1.563 billion.
- Delivered robust operating cash flow of $379 million and free cash flow of $283 million even with the significant demand decline.
- Announced the establishment of a European Compounding Center of Excellence at the Company's Forli, Italy facility.
Headline financials
Revenue & EPS history
Celanese · Revenue · Quarterly
$1.19B
Revenue by segment
Celanese · $1.08B total across 2 segments · Q2 2020
- Acetyl Chain$662M—61.2%
- Engineered Materials$420M—38.8%
Forward guidance
The company anticipates a modest sequential improvement in earnings next quarter with Engineered Materials leading the way with expected solid recovery in the automotive end market. The company expects to see relatively consistent results in the Acetyl Chain with a modest volume recovery offsetting incremental energy and turnaround costs.
Tailwinds
- Demand recovery with the early third quarter order book at improved levels compared to the second quarter.
- Anticipate a modest sequential improvement in earnings next quarter
- Engineered Materials leading the way with expected solid recovery in the automotive end market.
- Expect to see relatively consistent results in the Acetyl Chain
- Modest volume recovery offsetting incremental energy and turnaround costs.
Headwinds
- The recent surge in COVID-19 cases continues to be of concern not only in terms of the impact on the economic recovery but, more importantly, to the health and safety of our employees.
- Continue to take all the necessary precautions to ensure the safety of our employees, which remains our highest priority
- Focus remains on productivity
- Focus remains on sourcing flexibility and working capital management
- Taking intentional steps for recovery and growth into next year.
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 Q2 2020
+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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro