Celanese Corp. (CE) Tops Q2 EPS by 45c, Raises FY Guidance
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Celanese Corporation Reports Second Quarter 2018 Earnings; Increases Full Year 2018 Outlook
July 19, 2018 4:25 PM EDTDALLAS--(BUSINESS WIRE)-- Celanese Corporation (NYSE: CE), a global specialty materials company, today reported GAAP diluted earnings per share of $2.52, a second quarter record, and highest ever adjusted earnings per share of $2.90. Net sales in the quarter expanded 22 percent year over year to $1.8Â billion. Robust pricing across the businesses led to the success this quarter. The Acetyl Chain captured opportunities by rapidly flexing its expansive network amid both industry supply disruptions and improved utilization rates. Engineered Materials continued to demonstrate the strength of its pipeline model through project commercializations, improved product mix, and higher pricing.
Second Quarter 2018 Financial Highlights:
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