Celanese reports Q3 adjusted EPS $1.34, consensus $1.22

Reports Q3 revenue $2.4B, consensus $2.51B. “Our strong third quarter free cash flow and Micromax divestiture announcement clearly demonstrate that we are executing against our strategic action plans,” said Scott Richardson, president and chief executive officer. “Our third quarter free cash flow performance is a substantial improvement over the same period last year and shows the robust cash generation capabilities we have and continue to utilize. The signing of the Micromax divestiture demonstrates our commitment to aggressively and prudently taking steps to deleverage our balance sheet. I thank our teams for their tenacity and resilience in driving these outcomes,” continued Richardson. “We have two strong businesses, and the action plans in each are driving value even in a demand environment that remains challenging. We can’t control the macroeconomic environment, so our plan is simple: keep identifying and executing actions to generate cash, reduce costs, and drive growth through our two highly differentiated business models.”