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Jun 30, 2022
Celanese Q2 2022 Earnings Report
Celanese reported GAAP diluted earnings per share of $4.03 and adjusted earnings per share of $4.99.
Key Takeaways
Celanese Corporation reported net sales of $2.5 billion, a 2% decrease from the prior quarter and a 13% increase over the same quarter of 2021. GAAP diluted earnings per share was $4.03 and adjusted earnings per share was $4.99.
Generated second highest-ever quarterly GAAP operating profit and highest-ever adjusted EBIT in Engineered Materials.
Completed registered offerings of U.S. dollar and euro-denominated notes for financing the M&M acquisition.
Mitigated unanticipated interruptions in raw material supply in the U.S. Gulf Coast and subsequent declaration of force majeure across Acetyl Chain products to exceed second quarter earnings guidance for that business.
The Acetyl Chain delivered second quarter GAAP operating profit of $429 million and adjusted EBIT of $440 million at margins of 29 percent and 30 percent, respectively.
Revenue by Segment
Forward Guidance
In the third quarter, Celanese expects adjusted earnings of $4.00 to $4.50 per share, with performance at the bottom end of the range reflective of the potential for additional modest demand softening as we progress through the quarter. Short of a sharp deterioration in demand, which we do not currently foresee, we expect to deliver 2022 adjusted earnings per share approximately in line with our 2021 adjusted earnings per share performance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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