NYSE$CE
Celanese Corp · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Celanese reported sequential earnings growth and record cash generation.
Celanese Corporation reported Q2 2023 GAAP diluted earnings per share of $2.00 and adjusted earnings per share of $2.17. Net sales were $2.8 billion, a decrease of 2% from the prior quarter. The company generated record operating cash flow of $762 million and free cash flow of $611 million.
- Reduced inventory balances by $235 million.
- Generated operating cash flow of $762 million and free cash flow of $611 million, all-time records.
- Reduced net debt by $515 million.
- Announced the signing of a definitive agreement with finalized terms and value for the Food Ingredients joint venture, Nutrinova.
Headline financials
Revenue & EPS history
Celanese · Revenue · Quarterly
$2.8B
Revenue by segment
Celanese · $2.82B total across 2 segments · Q2 2023
- Engineered Materials$1.59B+67.2%56.2%
- Acetyl Chain$1.23B-15.3%43.8%
Forward guidance
Celanese anticipates third quarter adjusted earnings per share of $2.00 to $2.50, inclusive of approximately $0.30 per share of M&M transaction amortization. Likewise, Celanese anticipates full year adjusted earnings per share of $9.00 to $10.00, inclusive of approximately $1.20 per share of M&M transaction amortization.
Tailwinds
- Controllable actions
- Improvement in destocking conditions
- Commercial teams in a fluid sales environment
- Align production and inventory levels with current demand
- Aggressively reduce costs
Headwinds
- Volatile demand
- Unpredictable competitive backdrop
- Persistently soft demand environment
- Volatile competitive backdrop
- M&M transaction amortization
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 2023
+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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