Celanese Corporation reported a strong first quarter in 2022, with record net sales of $2.5 billion and adjusted earnings per share of $5.54. The company successfully mitigated cost inflation and sourcing constraints, delivering record consolidated operating profit and adjusted EBIT. Celanese also announced a definitive agreement to acquire a majority of the Mobility & Materials business of DuPont.
Net sales reached a record $2.5 billion, a 12 percent increase over the previous record in Q4 2021.
GAAP diluted earnings per share were $4.61, and adjusted earnings per share were $5.54.
Consolidated operating profit was $531 million, and adjusted EBIT was $713 million, both records.
A definitive agreement was announced to acquire a majority of the Mobility & Materials business of DuPont for $11.0 billion.
Celanese expects second quarter adjusted earnings of approximately $4.50 per share and now expects 2022 adjusted earnings per share to approach the 2021 adjusted earnings per share performance.
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