Celanese reports Q4 adjusted EPS $1.45, consensus $1.20

Reports Q4 revenue $2.4B, consensus $2.36B. “The fourth quarter results developed largely as we expected, despite further demand deterioration that gave no sign of easing,” said Scott Richardson, president and chief executive officer. “With little indication of near-term recovery, it is our job to drive productivity and earnings growth at Celanese (CE) even if fundamental demand remains flat or declines further. As we move forward, we are focused on three strategic priorities: intensifying cost reduction, driving growth through our AC optionality model and EM pipeline model, and increasing cash flow to deleverage the balance sheet. We continue to take actions to reduce costs and accelerate growth, and we expect to take additional actions to deliver on our priorities based on evolving business conditions.”