Celanese Corporation: Margin Expansion Story Doesn't Offset Leverage Risks
Celanese is a global producer of specialty chemicals and material products that are involved in several end markets and for a wide range of applications globally. The company reported lower revenues and earnings per share in its recent Q2'24 results, with declines in both the Engineered Materials and Acetyl Chain businesses. Despite challenges, EBITDA grew 18% due to cost synergies, leading to margin expansion.
Celanese Corporation (CE) Q2 2024 Earnings Call Transcript
Celanese Corporation (NYSE:CE ) Q2 2024 Earnings Conference Call August 2, 2024 11:00 AM ET Company Participants Bill Cunningham - VP of IR Lori Ryerkerk - Chairman of the Board and CEO Scott Richardson - COO Chuck Kyrish - CFO Conference Call Participants Josh Spector - UBS Mike Sison - Wells Fargo Mike Leithead - Barclays Jeff Zekauskas - JPMorgan Ghansham Panjabi - Baird Arun Viswanathan - RBC Capital Markets Vincent Andrews - Morgan Stanley Matthew Hettwer - Vertical Research Partners Aleksey Yefremov - KeyBanc Capital Markets David Begleiter - Deutsche Bank Hassan Ahmed - Alembic Global Salvator Tiano - Bank of America Laurence Alexander - Jefferies Patrick Cunningham - Citi John Roberts - Mizuho Securities John McNulty - BMO Capital Markets Operator Greetings and welcome to Celanese's Second Quarter 2024 Earnings Call and Webcast. [Operator Instructions].
Celanese (CE) Q2 Earnings and Sales Fall Short of Estimates
The decline in net sales of Celanese (CE) in Q2 is a result of a decrease in pricing.
Celanese (CE) Reports Q2 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Celanese (CE) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Celanese (CE) Lags Q2 Earnings and Revenue Estimates
Celanese (CE) came out with quarterly earnings of $2.38 per share, missing the Zacks Consensus Estimate of $2.80 per share. This compares to earnings of $2.17 per share a year ago.
M&A Stock Picks: 3 Acquisition Targets to Buy Now
Fortune recently reported that mergers and acquisitions (M&A) activity is up 17% worldwide through the first half of 2024. Of this activity, 90% of the largest deals so far year-to-date were U.S. targets.
Unveiling Celanese (CE) Q2 Outlook: Wall Street Estimates for Key Metrics
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Celanese (CE), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
Celanese (CE) to Report Q2 Earnings: What's in the Offing?
Celanese's (CE) investment in high-return organic projects, cost-cutting initiatives, and acquisition synergies are likely to have contributed to its Q2 performance amid demand and pricing headwinds.
Celanese (CE) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Celanese (CE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Here's Why You Should Hold Onto Celanese (CE) Stock for Now
Celanese (CE) benefits from its productivity measures, investments in organic projects, expansion actions and strategic acquisitions amid headwinds from demand softness and pricing pressures.
Here's Why Celanese (CE) is a Strong Value Stock
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Celanese (CE) Gains on Cost Actions Amid Demand & Pricing Woes
While Celanese (CE) faces headwinds from soft demand and pricing, it benefits from productivity measures, investments in organic projects and strategic acquisitions.
