Loading...
•
Sep 30, 2024
Celanese Q4 2024 Earnings Report
Celanese reported a significant net loss in Q4 2024, primarily due to non-cash asset impairment charges, despite efforts to reduce costs and align production with demand.
Key Takeaways
Celanese Corporation reported a net loss of $1.911 billion for the fourth quarter of 2024, a significant decline from a net income of $120 million in the previous quarter and $701 million in the same period last year. This was largely driven by a $2.0 billion impact from Certain Items, predominantly non-cash asset impairment charges. Net sales decreased by 10% sequentially to $2.4 billion, impacted by volume and price declines, and challenging demand in key end-markets.
Net sales for Q4 2024 were $2.370 billion, a 10% sequential decrease.
The company reported a net loss of $1.911 billion for Q4 2024, compared to net earnings of $120 million in Q3 2024.
Diluted EPS for Q4 2024 was -$17.50, a substantial drop from $1.06 in Q3 2024.
Adjusted EBIT for Q4 2024 was $333 million, down from $457 million in Q3 2024.
Revenue by Segment
Forward Guidance
Celanese anticipates continued demand and pricing challenges in Q1 2025, with additional headwinds from seasonality and a planned outage. However, they expect meaningful sequential improvement in Q2 2025.
Positive Outlook
- Anticipates meaningful sequential improvement in the second quarter.
- Expects second quarter earnings per share to be approximately $1.00 higher than the first quarter.
- Company is focused on intensifying cost reduction.
- Driving growth through AC optionality and EM pipeline models.
- Increasing cash flow to deleverage the balance sheet.
Challenges Ahead
- Expects sequential demand and pricing challenges to be largely unchanged in the first quarter.
- Continued weakness in core end-markets like automotive, construction, paints, coatings, and industrial.
- Additional headwinds in Q1 from seasonality in acetate tow and medical implants businesses.
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
Loading earnings performance data...
Loading earnings reaction data...