Celanese (CE)
NYSE:CE
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Earnings Data
Report Date
Jul 16, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.24Last Year’s EPS
1.44Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call was cautiously optimistic: management provided a constructive back‑half EPS target (~$3) and highlighted several operational strengths — a sizable expected Q2 improvement in the acetyl chain, EM margin progress (now north of 20%), targeted $30M in nylon savings, Clear Lake’s high utilization and global network flexibility, and price pass-through beginning to flow into P&L. However, the company also flagged meaningful near‑term headwinds: weak end‑market demand, supply‑chain and shipping disruptions (including benzene asset outages), regional pricing volatility (China), planned turnarounds and absorption hits (Q2 and H2), and working capital timing that will defer some cash conversion. Overall, the positives (guidance, margin improvement, targeted cost savings and operational flexibility) modestly outweigh the near‑term risks and uncertainties.Company Guidance
Back-Half EPS Guidance of $3 per Share
Company is guiding to ~$3.00 in EPS for the back half of FY2026, assuming supply chains begin to unwind by the end of Q2; management emphasizes focus on cash generation and positioning for resilience.
Acetyl Chain Q2 Improvement (~$200M Lift)
Management indicated the acetyl chain should deliver materially stronger results in Q2 versus Q1 (discussion referenced ~<$200M incremental improvement), with the majority of near-term profit weighted to the Western Hemisphere and profitability driven more by downstream products (VAM, vinyl emulsions, redispersible powders) than selling acetic acid alone.
Engineered Materials EBITDA Margin Expansion (>20%)
Company reports progress in Engineered Materials (EM) margin profile — having moved from 'low‑teens' EBITDA margins historically to 'consistently north of 20%'; management expects EM to grow year-over-year (ex-Micromax) and to continue fortifying the business through cost and complexity reductions.
Nylon Optimization Program Targeting $30M of Savings
New strategic initiatives in Nylon expected to generate ~$30 million of annual cost savings; ~1/3 of savings (≈$10M) expected to start in the second half of the year, with an incremental cash cost to achieve the program that implies a payback of less than one year and has been included in free cash flow forecasts.
Clear Lake and Network Flexibility — High Utilization
Clear Lake asset running at relatively high utilization and provides a low‑cost, flexible advantage; management highlights ability to operate global units (e.g., Frankfurt, Singapore) as 'swing' assets and to pivot operating rates across the acetyl and EM chains to capture demand changes.
Pricing Actions and Expected Flow-Through into P&L
EM price increases are beginning to flow in Q2 with the expectation that cost pass-through and pricing will more fully impact the P&L in Q3; management notes they are actively securing volumes and contract business to lock in upside.
Free Cash Flow and Working Capital Plan
At the midpoint of guidance, a multi‑hundred million dollar increase in EBITDA is expected to translate into free cash flow, with management assuming roughly half of the incremental EBITDA converts to cash in 2026 and half in 2027; company continues inventory-reduction efforts in EM and had previously expected a ~$100M working capital tailwind but now sees working capital closer to flat for the year.
CE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $69.01 | $62.12 | -9.98% |
Feb 17, 2026 | $55.68 | $54.80 | -1.58% |
Nov 06, 2025 | $36.07 | $41.26 | +14.37% |
Aug 11, 2025 | $47.34 | $41.15 | -13.07% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Celanese (CE) report earnings?
Celanese (CE) is schdueled to report earning on Jul 16, 2026, After Close (Confirmed).
What is Celanese (CE) earnings time?
Celanese (CE) earnings time is at Jul 16, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CE EPS forecast?
CE EPS forecast for the fiscal quarter 2026 (Q2) is 2.24.