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Celanese (CE) investor relations material
Celanese Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 net sales rose 6% YoY to $2.556B; adjusted EPS was $1.65, and free cash flow was $461M.
FY2026 free cash flow guidance increased to $750M–$800M; priorities include cash generation, deleveraging, cost reductions and higher-value growth.
Focus areas include contracting 2027 Acetyl Chain business and building a higher-quality Engineered Materials pipeline, with electronics and medical demand supporting growth.
Financial highlights
Q3 adjusted EBIT was $209M for Engineered Materials and $236M for Acetyl Chain; operating EBITDA was $311M and $301M, respectively.
Reported operating profit was $198M versus a $1.275B loss in Q3 2025, when non-cash goodwill and trade-name impairments totaled about $1.5B.
Q3 operating cash flow was $538M and free cash flow was $461M; YTD totals were $823M and $604M, respectively.
Adjusted EPS was $1.65, up 23% YoY; 9M adjusted EBIT increased ~25% YoY.
Outlook and guidance
FY2026 adjusted EPS guidance is $6.00–$6.25; free cash flow guidance is $750M–$800M.
Q4 adjusted EBIT guidance: Engineered Materials $170M–$190M and Acetyl Chain $200M–$230M; both businesses are expected to see seasonal moderation.
2027 free cash flow target is $700M–$800M; 2027 productivity target is $150M gross, with another $30M–$40M of savings expected and most flowing to EBITDA.
CapEx remains targeted at $300M–$350M; working capital and lower restructuring cash outlays are expected to support cash conversion.
Engineered Materials adjusted EBIT growth for FY2026 is expected to exceed 20% excluding Micromax; Q4 includes expected $20M inventory absorption.
- Sales and operating profit grew, but financing costs and restructuring drove a $253 million loss.CE
Q4 2004 - Pricing and productivity lifted FY 2005 profit, but leverage and input-cost risks persisted.CE
Q4 2005 - Pricing and productivity lifted FY 2006 operating profit 30.3% to $747M.CE
Q4 2006 - Pricing and currency lifted sales 12%, while outages, costs and refinancing weighed on results.CE
Q4 2007 - Recession cut earnings, but cash improved and recovery was expected in 2010.CE
Q4 2009 - Recovery lifted sales and operating profit; 2011 growth was expected across all segments.CE
Q4 2010 - FY11 earnings grew on pricing and mix, while major capacity and ethanol investments set up the next growth phase.CE
Q4 2011 - Acetyl pricing and currency dragged FY12 results; 12%–14% earnings growth targeted for FY13.CE
Q4 2012 - A $742 million relocation gain drove record reported profit amid mixed segment trends.CE
Q4 2013 - Sales and adjusted EPS advanced as record cash flow funded growth and shareholder returns.CE
Q4 2014
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