Celanese Corp. (CE) Tops Q1 EPS by 50c, Revenues Beat; Raises 2Q & FY21 EPS Guidance Above Consensus
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Celanese Corporation Reports First Quarter 2021 Earnings; Raises Full Year Financial Outlook
April 22, 2021 4:25 PM EDTDALLAS--(BUSINESS WIRE)-- Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today reported first quarter GAAP diluted earnings per share of $2.83 and adjusted earnings per share of $3.46. Net sales for the quarter were $1.8 billion as pricing increased by 15 percent from the prior quarter, more than offsetting a volume decline of 3 percent. In anticipation of Winter Storm Uri, the Company proactively brought down its three production facilities in Texas to protect its employees and assets. The Company subsequently flexed its global procurement and production networks to manage industry supply chain disruptions. Despite... More
