Financial Data and Key Metrics Changes - The company reported a second quarter earnings impact of approximately $35 million due to force majeure, with an expected additional impact of $5 million to $10 million in the following quarter [16][34] - The anticipated synergies for the year are projected at $150 million, with expectations for similar levels in 2025 [65][66] Business Line Data and Key Metrics Changes - Engineered Materials is expected to see moderate growth in volumes and margins, driven by synergy pull-through and lower cost raw materials [4][9] - The automotive sector is anticipated to experience a slight uptick in demand, particularly in China, contributing to the overall stability in Engineered Materials [4][27] Market Data and Key Metrics Changes - The overall market conditions are described as stable, with some growth in automotive builds expected in the second half of the year [4][27] - The acetyls market remains stable, particularly in construction and coatings, although no seasonal uptick was observed in the second quarter [28] Company Strategy and Development Direction - The company is focusing on self-help initiatives to drive growth, including the integration of commercial teams and leveraging synergies from acquisitions [10][12] - There is an emphasis on maintaining flexibility in production to adapt to market conditions, particularly in the acetyls and nylon segments [58][60] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for the second half of the year, expecting stable market conditions with potential growth in automotive and engineered materials [4][12] - The company is preparing for potential challenges in 2025, with a focus on synergies and productivity improvements from recent acquisitions [13][66] Other Important Information - The company is still in force majeure regarding acetyls, with expectations to lift it within the quarter as supply chains are reestablished [14] - The company has been actively managing its inventory and production levels to mitigate the impact of market fluctuations [63] Q&A Session Summary Question: What are the expectations for Engineered Materials in Q3? - Management expects overall market conditions to remain unchanged, with slight growth in automotive builds, particularly in China [4] Question: How is the automotive sector performing? - The automotive sector has shown stability, with some growth anticipated in the second half, particularly due to new customer integrations [5][27] Question: What is the impact of force majeure on financials? - The force majeure is expected to impact earnings by approximately $35 million in Q2 and an additional $5 million to $10 million in Q3 [16] Question: How are synergies expected to evolve? - Synergies are projected at $150 million for the year, with expectations for similar levels in 2025 based on ongoing initiatives [65][66] Question: What is the outlook for the acetyls market? - The acetyls market remains stable, with no significant seasonal uptick expected in Q3 [28] Question: How is the company managing production flexibility? - The company is continuously adjusting production based on market demand and raw material availability to optimize operations [41][58]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________ Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-32410 CELANESE CORPORATION (Exact Name of Registrant as Specified in its Charter) Delaware 98-04207 ...

For the quarter ended June 2024, Celanese (CE) reported revenue of $2.65 billion, down 5.2% over the same period last year. EPS came in at $2.38, compared to $2.17 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $2.73 billion, representing a surprise of -2.74%. The company delivered an EPS surprise of -15.00%, with the consensus EPS estimate being $2.80. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expe ...

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. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -15%. A quarter ago, it was expected that this chemical company would post earnings of $1.91 per share when it actually produced earnings of $2.08, delivering a surprise of 8.90%. Over the last four quarters, the company ha ...

Exhibit 99.2 Non-US GAAP Financial Measures and Supplemental Information August 1, 2024 In this document, the terms the "Company," "we" and "our" refer to Celanese Corporation and its subsidiaries on a consolidated basis. Purpose The purpose of this document is to provide information of interest to investors, analysts and other parties including supplemental financial information and reconciliations and other information concerning our use of non-US GAAP financial measures. This document is updated quarterl ...

Mergers and Acquisitions Activity - Mergers and acquisitions (M&A) activity increased by 17% worldwide in the first half of 2024, with 90% of the largest deals involving U.S. targets [1] - Almost half of the top 10 deals in 2024 were stock transactions rather than cash payments, attributed to higher interest rates and healthy stock prices [1] Celanese (CE) - Celanese is the 83rd smallest company in the S&P 500 with a market capitalization of $15.15 billion and its stock is down over 10% year-to-date [2] - The company reported Q1 2024 sales of $2.61 billion, an 8.4% decline from $2.85 billion a year earlier, and an operating income of $210 million, down 16.3% from $251 million [3] - Celanese's stock is valued at 12.35 times its forward 2024 earnings, with a price-to-sales ratio of 1.42, below its five-year average of 1.74, making it a potential acquisition target for larger companies like Dow or DuPont [4] Pinterest (PINS) - Pinterest has a market capitalization of $25.78 billion and its stock is up 4% year-to-date [5] - Meta Platforms could be a potential buyer for Pinterest, as it seeks to improve its reputation in social media [5][6] - Pinterest's Q2 2024 results showed a 12% increase in monthly average users to 522 million and a 21% revenue increase to $853.7 million, despite a market reaction to weak guidance [7][8] E.L.F. Beauty (ELF) - E.L.F. Beauty has a market capitalization of $9.40 billion and its stock is up 20% year-to-date, although it is down nearly 25% from its 52-week high [9] - Estee Lauder, with a market cap 3.7 times that of ELF, could be a potential acquirer as it seeks to recover from a significant decline in value [9] - Estee Lauder announced layoffs of 3-5% of its global workforce, which could lead to a nearly 40% increase in operating profits post-restructuring [10]

Over the last 30 days, there has been a downward revision of 2.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. In light of this perspective, let's dive into the average estimates of certain Celanese metrics that are commonly tracked and forecasted by Wall Street analysts. It is projected by analysts that the 'Operating EBITDA- Acetyl Chain' will reach ...

Celanese Corporation (CE) is scheduled to release second-quarter 2024 results after the closing bell on Aug 1. Image Source: Zacks Investment Research The Zacks Consensus Estimate for sales for the to-be-reported quarter is currently pegged at $2,725.7 million, which implies a decline of 2.5% from the year-ago reported number. Celanese's strategic acquisitions, productivity initiatives and investments in organic projects are expected to have aided its earnings in the second quarter. The company is taking st ...

Core Viewpoint - Celanese Corporation is positioned to benefit from high-return organic projects, cost and productivity initiatives, and synergies from acquisitions, despite facing challenges from weak demand in certain markets and pricing pressures [1][10]. Group 1: Strategic Acquisitions and Growth - The acquisition of DuPont's Mobility & Materials business is expected to enhance growth in high-value applications, with anticipated synergies of at least $150 million in 2024 [3]. - Additional acquisitions, including SO.F.TER., Nilit, Omni Plastics, and Exxon Mobil's Santoprene business, are expected to contribute to earnings expansion and broaden the company's portfolio in engineered solutions [8]. Group 2: Financial Performance and Shareholder Value - Celanese generated a record operating cash flow of $1.9 billion and free cash flow of $1.3 billion in 2023, returning $305 million to shareholders through dividends [5]. - The company reduced its net debt by $1.3 billion in 2023 and plans to continue this trend, expecting to repay over $2 billion in total debt maturities over the next four quarters [5]. Group 3: Market Challenges - The company is experiencing weak demand in several end markets, particularly in industrial and consumer goods, leading to inventory reductions and order deferrals [10]. - Competitive pressures are impacting pricing, with lower prices observed across segments in the first quarter, and expectations of continued pricing pressure into the second quarter of 2024 [11]. Group 4: Productivity Initiatives - Celanese is focused on executing productivity programs, including cost-reduction capital projects, which are expected to support margins in 2024 [4]. - The company is implementing strategic initiatives to align production and inventory with demand, optimize cash flow, and strengthen commercial teams [9]. Group 5: Future Growth Prospects - The startup of a new 1.3-million-ton Clear Lake acetic acid expansion unit and a new vinyl acetate ethylene unit in Nanjing is expected to contribute to higher earnings performance in the latter half of 2024 [13].

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. What are the Zacks Style Scores? The Style Scores are broken down into four categories: Growth Score Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum ...