Celanese Corporation, a technology and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. The company operates through Engineered Materials, Acetate Tow, and Acetyl Chain segments. The Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics. It also offers acesulfame potassium, a sweetener for use in various beverages, confections, and dairy products; and food protection ingredients, such as potassium sorbate and sorbic acid for use in foods, beverages, and personal care products. The Acetate Tow segment provides acetate tows and flakes for use in filter products applications. The Acetyl Chain segment produces and supplies acetyl products, including acetic acid, vinyl acetate monomers, acetic anhydride, and acetate esters that are used as starting materials for colorants, paints, adhesives, coatings, and pharmaceuticals; and organic solvents and intermediates for pharmaceutical, agricultural, and chemical products. It also offers vinyl acetate-based emulsions for use in paints and coatings, adhesives, construction, glass fiber, textiles, and paper applications; and ethylene vinyl acetate resins and compounds, as well as low-density polyethylene for use in flexible packaging films, lamination film products, hot melt adhesives, automotive parts, and carpeting applications. In addition, it manufactures ultra-high molecular weight polyethylene. Celanese Corporation was founded in 1918 and is headquartered in Irving, Texas.
IPO Year: 2005
Exchange: NYSE
Website: celanese.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/6/2025 | $66.00 | Sell → Hold | Vertical Research |
| 2/20/2025 | $84.00 → $56.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 1/14/2025 | $95.00 → $88.00 | Underperform → Buy | BofA Securities |
| 11/11/2024 | $161.00 → $97.00 | Buy → Neutral | UBS |
| 11/11/2024 | $138.00 → $76.00 | Market Perform → Underperform | BMO Capital Markets |
| 11/8/2024 | $150.00 → $98.00 | Neutral → Underweight | Piper Sandler |
| 11/6/2024 | $135.00 → $110.00 | Hold → Buy | Deutsche Bank |
| 11/5/2024 | $165.00 → $115.00 | Overweight → Equal Weight | Wells Fargo |
| 10/29/2024 | $130.00 | Hold → Sell | Vertical Research |
| 10/7/2024 | Overweight → Sector Weight | KeyBanc Capital Markets |
NEW YORK, March 7, 2025 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 100 are more representative of the mega-cap market space. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P
Celanese Corporation (NYSE:CE) (the "Company" or "Celanese"), a global chemical and specialty materials company, today announced that its subsidiary, Celanese US Holdings LLC (the "Issuer"), has priced registered offerings (the "Offering") of $2.6 billion aggregate principal amount of notes, including $700 million aggregate principal amount of 6.500% Senior Notes due 2030, $1.1 billion aggregate principal amount of 6.750% Senior Notes due 2033 (together, the "USD Notes") and €750 million (or approximately $810 million) aggregate principal amount of 5.000% Senior Notes due 2031 (the "Euro Notes" and, together with the USD Notes, the "Notes"). The Offering was upsized from $2.0 billion to $2.
DALLAS, March 5, 2025 /PRNewswire/ -- Celanese Corporation (NYSE:CE) ("Celanese"), a global chemical and specialty materials company, today announced that its direct wholly-owned subsidiary Celanese US Holdings LLC (the "Company") has commenced offers to purchase for cash any validly tendered (and not validly withdrawn) and accepted notes in an aggregate principal amount of up to (i) €500,000,000 of 4.777% Senior Notes due 2026 (the "EUR Notes") and (ii) $250,000,000 of 6.415% Senior Notes due 2027 (the "USD Notes," and together with the EUR Notes, the "Notes") (which, in each case subject to applicable law, may be increased or decreased in the sole discretion of the Company (such amount for
Baumit has announced a collaboration with Celanese Corporation, a global specialty materials and chemical company, that would leverage carbon capture and utilization (CCU) technology to provide Baumit with binders for sustainable paint and plaster solutions for its European customers. Celanese enables the conversion of waste emissions into chemical raw materials through its ECO-CC products. The technology takes industrial CO2 emissions that would otherwise be emitted into the atmosphere and chemically converts the captured CO2 into a chemical building block which makes up part of the vinyl acetate-based emulsions used as a raw material in the manufacturing of binders. This process reduces
Celanese Corporation (NYSE:CE), a global specialty materials and chemical company, will increase prices for a range of products. These price increases will be effective on March 1, 2025, or as contracts otherwise allow. Additionally, individual grades may be subject to higher increases than specified below. Brand / Material Type Price Increase Base Resin ASIA $ / kg AMERICAS $ / lb EMEA € / kg LCP/ PCT Vectra®, Zenite® and Thermx® 0.10 0.25 0.15 LCPA Zytel® 0.45 0.20 0.40 PA 6, 66 Zytel®, Frianyl®, Celanyl® and Minlon® PA6 and PA66 products 0.10 0.20 Zytel®, Frianyl® and Celanyl® halogenated FR products
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today reported full year 2024 U.S. GAAP diluted loss per share of $13.86 and adjusted earnings per share of $8.37. The Company generated net sales of $10.3 billion in 2024, a 6 percent decrease from the previous year consisting of a 4 percent decline in price and a 1 percent decline in volume, with a small currency impact. Persistently weak global demand in critical end-markets like automotive, paints, coatings, construction and industrial caused headwinds throughout the year. Celanese took actions, including reducing fixed and variable costs and delivered 2024 consolidated operating loss of $697 million, adj
Board Establishes Finance and Business Review Committee to Assist with Oversight of the Company's Financial Position and Business Improvement Initiatives Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announced the election of Scott Sutton to the company's Board of Directors. Mr. Sutton, 60, will join the Celanese Board effective March 1, 2025, and stand for re-election at the 2025 Annual Meeting of Shareholders. In addition, the Board has established a Finance and Business Review Committee, to assist with oversight of the company's financial position and strategy, including its efforts to further reduce costs, prioritize cash flow, accelerate del
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today declared a quarterly cash dividend of $0.03 per share on its common stock, payable March 11, 2025. The dividend is payable to stockholders of record as of February 25, 2025. About Celanese Celanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We are committed to sustainability by responsibly managing the materials we create for their entire lifecycle and are growing our portfolio
Todd Elliott Rejoins Celanese to Lead Engineered Materials Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announced a new addition to its Executive Leadership Team (ELT). Todd Elliott, a proven executive who retired from Celanese in 2020 as Senior Vice President (SVP) and head of the Acetyls business, will return to the Company as SVP to lead the Engineered Materials (EM) business, effective February 3, 2025. Elliott will succeed Tom Kelly, who is stepping down as SVP, Engineered Materials and will serve in a transition role through March 10, 2025. Elliott had a diverse and successful career with Celanese, progressing through multiple leadersh
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announced that it will host a conference call to discuss its fourth quarter 2024 results on Wednesday, February 19, 2025, beginning at 9:00 a.m. ET. The conference call will be available by webcast at https://investors.celanese.com or by phone: Dial-in Number: 1-877-407-0989 International Dial-In Number: 1-201-389-0921 Alternatively, to enter the call immediately without waiting for operator assistance, attendees may pre-register for the call by clicking the link below. Registrant Link: http://services.incommconferencing.com/DiamondPassRegistration/register?confirmationNumber=13751136&linkSecuri
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Vertical Research upgraded Celanese from Sell to Hold and set a new price target of $66.00
RBC Capital Mkts downgraded Celanese from Outperform to Sector Perform and set a new price target of $56.00 from $84.00 previously
BofA Securities upgraded Celanese from Underperform to Buy and set a new price target of $88.00 from $95.00 previously
BMO Capital Markets downgraded Celanese from Market Perform to Underperform and set a new price target of $76.00 from $138.00 previously
UBS downgraded Celanese from Buy to Neutral and set a new price target of $97.00 from $161.00 previously
Piper Sandler downgraded Celanese from Neutral to Underweight and set a new price target of $98.00 from $150.00 previously
Deutsche Bank upgraded Celanese from Hold to Buy and set a new price target of $110.00 from $135.00 previously
Wells Fargo downgraded Celanese from Overweight to Equal Weight and set a new price target of $115.00 from $165.00 previously
Vertical Research downgraded Celanese from Hold to Sell and set a new price target of $130.00
KeyBanc Capital Markets downgraded Celanese from Overweight to Sector Weight
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today reported full year 2024 U.S. GAAP diluted loss per share of $13.86 and adjusted earnings per share of $8.37. The Company generated net sales of $10.3 billion in 2024, a 6 percent decrease from the previous year consisting of a 4 percent decline in price and a 1 percent decline in volume, with a small currency impact. Persistently weak global demand in critical end-markets like automotive, paints, coatings, construction and industrial caused headwinds throughout the year. Celanese took actions, including reducing fixed and variable costs and delivered 2024 consolidated operating loss of $697 million, adj
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today declared a quarterly cash dividend of $0.03 per share on its common stock, payable March 11, 2025. The dividend is payable to stockholders of record as of February 25, 2025. About Celanese Celanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We are committed to sustainability by responsibly managing the materials we create for their entire lifecycle and are growing our portfolio
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announced that it will host a conference call to discuss its fourth quarter 2024 results on Wednesday, February 19, 2025, beginning at 9:00 a.m. ET. The conference call will be available by webcast at https://investors.celanese.com or by phone: Dial-in Number: 1-877-407-0989 International Dial-In Number: 1-201-389-0921 Alternatively, to enter the call immediately without waiting for operator assistance, attendees may pre-register for the call by clicking the link below. Registrant Link: http://services.incommconferencing.com/DiamondPassRegistration/register?confirmationNumber=13751136&linkSecuri
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today reported third quarter 2024 U.S. GAAP diluted earnings per share of $1.08 and adjusted earnings per share of $2.44. The Company generated net sales of $2.6 billion in the quarter, down slightly from the previous quarter inclusive of neutral sequential volume, a slight sequential increase in currency, and a sequential decrease in pricing of 1 percent. During the third quarter, Celanese continued to navigate persistent demand weakness across key end-markets like paints, coatings, and construction, as well as rapid and acute downturns in Western Hemisphere automotive and industrial segments. The demand de
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 November 13, 2024. The dividend is payable to stockholders of record as of October 30, 2024. About Celanese Celanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We are committed to sustainability by responsibly managing the materials we create for their entire lifecycle and are growing our portfolio o
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announced that it will host a conference call to discuss its third quarter 2024 results on Tuesday, November 5, 2024, beginning at 11:00 a.m. ET. The conference call will be available by webcast at https://investors.celanese.com or by phone: Dial-in Number: 1-877-407-0989 International Dial-In Number: 1-201-389-0921 Alternatively, to enter the call immediately without waiting for operator assistance, attendees may pre-register for the call by clicking the link below. Registrant Link: http://services.incommconferencing.com/DiamondPassRegistration/register?confirmationNumber=13749380&linkSecurityStrin
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today reported second quarter 2024 U.S. GAAP diluted earnings per share of $1.42 and adjusted earnings per share of $2.38. The Company generated net sales of $2.7 billion in the quarter, an increase of 2 percent from the prior quarter, reflecting a sequential increase in volume of 4 percent and sequential decrease in pricing of 2 percent. Celanese continued to focus on execution of its controllable action plan, including driving volume growth through the project pipeline model, lowering costs through reduction of capacity in high-cost locations, and improving business efficiency through the integration of t
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 August 12, 2024. The dividend is payable to stockholders of record as of July 30, 2024. About Celanese Celanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We are committed to sustainability by responsibly managing the materials we create for their entire lifecycle and are growing our portfolio of
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announced that it will host a conference call to discuss its second quarter 2024 results on Friday, August 2, 2024, beginning at 11:00 a.m. ET. The conference call will be available by webcast at https://investors.celanese.com or by phone: Dial-in Number: 1-877-407-0989 International Dial-In Number: 1-201-389-0921 Alternatively, to enter the call immediately without waiting for operator assistance, attendees may pre-register for the call by clicking the link below. Registrant Link: http://services.incommconferencing.com/DiamondPassRegistration/register?confirmationNumber=13747574&linkSecurityStr
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today reported first quarter 2024 U.S. GAAP diluted earnings per share of $1.10 and adjusted earnings per share of $2.08. The Company generated net sales of $2.6 billion in the quarter, an increase of 2 percent from the prior quarter, reflecting a sequential increase in volume of 2 percent and neutral pricing. Celanese continued to execute against controllable actions in a demand environment that is stabilizing but has not yet returned to normalized levels. As a result, the Company largely offset the sequential impacts of first quarter seasonality as well as significantly higher expenses associated with the c
NEW YORK, March 7, 2025 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 100 are more representative of the mega-cap market space. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P
Board Establishes Finance and Business Review Committee to Assist with Oversight of the Company's Financial Position and Business Improvement Initiatives Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announced the election of Scott Sutton to the company's Board of Directors. Mr. Sutton, 60, will join the Celanese Board effective March 1, 2025, and stand for re-election at the 2025 Annual Meeting of Shareholders. In addition, the Board has established a Finance and Business Review Committee, to assist with oversight of the company's financial position and strategy, including its efforts to further reduce costs, prioritize cash flow, accelerate del
Todd Elliott Rejoins Celanese to Lead Engineered Materials Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announced a new addition to its Executive Leadership Team (ELT). Todd Elliott, a proven executive who retired from Celanese in 2020 as Senior Vice President (SVP) and head of the Acetyls business, will return to the Company as SVP to lead the Engineered Materials (EM) business, effective February 3, 2025. Elliott will succeed Tom Kelly, who is stepping down as SVP, Engineered Materials and will serve in a transition role through March 10, 2025. Elliott had a diverse and successful career with Celanese, progressing through multiple leadersh
Scott Richardson to Become Chief Executive Officer and Join the Board of Directors Edward Galante to Become Chair of the Celanese Board Lori Ryerkerk to Step Down from the Board and Her Roles as CEO and President at the End of the Year Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announced that Scott Richardson, currently Celanese's Chief Operating Officer, has been appointed Chief Executive Officer and will join the Company's Board of Directors, effective January 1, 2025. Richardson will succeed Lori Ryerkerk, who is stepping down as Chairman, CEO and director of Celanese at the end of the year. Celanese has elected Edward Galante, an indep
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, has been honored by The Women's Forum of New York at its sixth biennial "Breakfast of Corporate Champions Event" (BCC) for achieving 55 percent female representation on its board of directors. For 2021, The Women's Forum individually honored 43 companies from the S&P 500 and FORTUNE 1000 that have achieved or exceeded 50 percent or more female representation on their corporate boards. Celanese is one of these 43 public companies to achieve such a feat and received special on-stage recognition at the event. "At Celanese, we are uniquely positioned to improve the world through the power of not only our chemis
SIOUX FALLS, S.D.--(BUSINESS WIRE)--Raven Industries, Inc. (the Company; NASDAQ:RAVN), a diversified technology leader in agriculture, high-performance specialty films, and aerospace and defense solutions, announced the appointment of Taimur Sharih as Chief Financial Officer, effective March 1. “Taimur’s leadership and track record of driving results and transformational growth fits exceptionally well with Raven’s bold strategy,” said Dan Rykhus, President and Chief Executive Officer. “Taimur brings 25 years of leadership and financial experience in a variety of businesses and global markets, where he’s been responsible for supporting sizeable operations and leading high-performi