CE - Mergers and acquisitions

Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today reported highest-ever GAAP diluted earnings per share of $17.41 and second-highest ever adjusted earnings per share of $15.88 for full year 2022. The Company generated record net sales of $9.7 billion in the year, an increase of 13 percent over the prior record set in 2021. Full year net sales reflected increases in pricing and volume of 11 percent and 6 percent over 2021, respectively. The Company delivered year over year pricing growth and productivity across both business segments to largely offset over $1.2 billion in raw material, energy, and supply chain cost inflation over 2021. As a result, the

Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today reported third quarter 2022 GAAP diluted earnings per share of $1.76 and adjusted earnings per share of $3.94. The Company generated net sales of $2.3 billion in the third quarter, a 7 percent decrease from the prior quarter due to sequential decreases in price and volume of 3 percent and 2 percent, respectively, and a 2 percent unfavorable currency impact. Celanese navigated declines in European and Asian demand, customer destocking, and continued cost inflation to deliver third quarter consolidated operating profit of $308 million and adjusted EBIT of $510 million. On November 1, 2022, the Company suc

Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today declared a quarterly cash dividend of $0.70 per share on its common stock, payable on November 14, 2022 to stockholders of record as of October 31, 2022. The board of directors of Celanese has approved a 3 percent increase in the company's quarterly common stock cash dividend which increases the quarterly dividend from $0.68 to $0.70 per share of common stock. "We have a decade-long history, which our shareholders value, of annual growth in the dividends paid per share across each year," said Lori Ryerkerk, chairman and chief executive officer. "On a full year basis, this increase in the quarterly div

Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today reported record GAAP diluted earnings per share of $17.06 and record adjusted earnings per share of $18.12 for full year 2021. The Company reported 2021 net sales of $8.5 billion, 51 percent higher than the previous year. Higher net sales were driven by pricing and volume increases over the prior year of 39 percent and 10 percent, respectively. Celanese successfully offset $1.1 billion in raw material, energy, and logistics cost inflation over 2020 to deliver consolidated operating profit of $1.9 billion and adjusted EBIT of $2.5 billion for the year, both records. The Company generated record operating

Brings a global leader and flagship brand in thermoplastic vulcanizates (TPV) to Engineered Materials' leading customer solution set Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announced it has completed the acquisition of the Santoprene™ TPV elastomers business of Exxon Mobil Corporation. "We are excited to welcome the Santoprene™ team to Celanese," said Lori Ryerkerk, chairman and chief executive officer. "They have built an industry-renowned brand and product portfolio in the Santoprene™ business that will immediately strengthen the unrivaled portfolio of engineered solutions we bring to our customers. We look forward to the partnership of o

Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today reported second quarter GAAP diluted earnings per share of $4.81, the second highest in the Company's history, and highest-ever adjusted earnings per share of $5.02. The Company reported record net sales of $2.2 billion for the quarter with sequential pricing and volume increases of 18 percent and 4 percent, respectively. Actions over the past year, including accelerated turnarounds as well as enhanced sourcing and commercial flexibility, positioned the Company to meet elevated post-pandemic demand in 2021 and to deliver record performance during the second quarter. Engineered Materials and the Acetyl C

Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announced that it has acquired certain technology relating to the production of polyacetal (POM) products from Grupa Azoty S.A. of Tarnow, Poland, after its decision to discontinue its POM manufacturing. Celanese will take over all existing Tarnoform® contracts in order to serve Azoty's customers. However, with the exception of certain equipment transferred in connection with the intellectual property transfer, this transaction does not include any of Azoty's employees, tangible assets, manufacturing facilities or sales offices. "This transaction will enable Celanese to serve Azoty's customers with Ce