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Celanese Corp (CE)
NYSE:CE
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Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.25Last Year’s EPS
$2.24Same Quarter Last Year
Based on 18 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: -44.74%
|Next Earnings Date:Jan 29, 2025
Earnings Call Sentiment|Negative
The earnings call presented a mixture of proactive cost management and strategic adjustments in response to significant macroeconomic challenges and disappointing financial results. Despite initiatives to manage costs and enhance project values, the reduction in dividend and challenges in key market sectors weighed heavily on the outlook.Company Guidance
During the Celanese Corporation's third-quarter 2024 earnings call, guidance was provided indicating a challenging outlook with several financial adjustments in response to macroeconomic headwinds. The company reported disappointing results for Q3, and the outlook for Q4 and into 2025 is below expectations. Key metrics include an expected cash flow of $800 million to $900 million for the fiscal year, a decision to temporarily reduce the quarterly dividend starting in Q1 2025 to support deleveraging efforts, and a target to achieve a net debt-to-EBITDA ratio of 3x. Additionally, the company is focusing on cost reduction initiatives, particularly in SG&A, and slowing production to match demand. Celanese is also looking to generate cash through opportunistic divestitures and anticipates a full-year benefit of around $100 million from the Clear Lake asset, with $20 million realized in Q3. The company remains committed to achieving operational excellence and positioning itself for long-term growth despite current market challenges.Clear Lake Facility Contribution
The Clear Lake facility contributed $20 million in the third quarter, and is expected to contribute $100 million annually.
Cost Reduction Initiatives
Celanese is implementing significant cost reductions, particularly in SG&A, to navigate the challenging market environment.
Increasing Project Value in Engineered Materials
The value of projects in the Engineered Materials segment has increased by over 30% year-over-year.
Commitment to Deleveraging
The company remains committed to reducing net debt to EBITDA to 3x, with actions including cost reductions and potential divestitures.
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CE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $123.50 | $91.00 | -26.32% |
| Aug 01, 2024 | $136.79 | $130.82 | -4.36% |
| May 08, 2024 | $161.55 | $159.72 | -1.13% |
| Feb 20, 2024 | $147.13 | $148.12 | +0.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Celanese Corp (CE) report earnings?
Celanese Corp (CE) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Celanese Corp (CE) earnings time?
Celanese Corp (CE) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CE EPS forecast?
CE EPS forecast for the fiscal quarter 2024 (Q4) is $1.25.
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