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Celanese Q3 sales rise 6%

By Reuters News


Overview

  • US chemical maker's Q3 net sales rose 6% yr/yr but missed analyst expectations

  • Adjusted EPS for Q3 beat consensus, supported by strategic growth and commercial execution

  • Company generated strong Q3 free cash flow and advanced deleveraging efforts


Outlook

  • Celanese raises full-year 2026 adj EPS outlook to $6.00-$6.25

  • Company increases 2026 free cash flow forecast to $750-$800 mln

  • Celanese expects year-end seasonal moderation across both businesses in Q4


Result Drivers

  • STRATEGIC GROWTH INITIATIVES - Co said progress on strategic growth initiatives and commercial actions across the portfolio drove yr/yr net sales growth

  • ENGINEERED MATERIALS MIX - Growth in medical and electronics applications supported favorable product mix and earnings improvement in Engineered Materials segment

  • ACETYL CHAIN PRICING - Acetyl Chain segment benefited from pricing favorability and incremental spot opportunities, offsetting modest demand softness


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

Miss

$2.56 bln

$2.62 bln (14 Analysts)

Q3 Adjusted EPS

Beat

$1.65

$1.56 (18 Analysts)

Q3 Net Earnings

$78 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the specialty chemicals peer group is "buy"

  • Wall Street's median 12-month price target for Celanese Corp is $59.00, about 19.7% above its October 30 closing price of $49.30

  • The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago


Reuters Recommended Reads

  • Nov 2 - Allison Transmission Q3 sales jump 121%, beat estimates

  • Nov 2 - Diamondback Energy Q3 revenue beats on higher oil output

  • Nov 2 - Marriott tops Q3 revenue, profit estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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