Celanese reports Q3 EPS $2.50, consensus $2.23

Reports Q3 revenue $2.72B, consensus $2.77B. “Our third quarter performance is a reflection of our commitment to take the necessary actions to support our earnings growth and deleveraging plan in what has been a persistently challenging backdrop this year,” said Lori Ryerkerk, CEO. “We continued to lift the earnings power of Celanese and significantly strengthened our balance sheet position in the third quarter. Across the first three quarters of 2023 we have reduced our net debt by $829 million and remain well on path to meaningfully exceed the full year objective to reduce net debt by $1 billion in 2023.”