Celanese Corp. (CE) Reports In-Line Q4 EPS; Maintains Growth Outlook

Celanese Corp. (NYSE: CE) reported Q4 EPS of $1.52, in-line with the analyst estimate of $1.52. Revenue for the quarter came in at $1.31 billion versus the consensus estimate of $1.29 billion.

Outlook

"In 2016, we successfully executed on our plans to deliver yet another year of strong growth despite several headwinds. We saw great success from our opportunity pipeline in Materials Solutions and managed with strength through a difficult operating environment in the Acetyl Chain. In 2017, we are starting to see early signs of recovery in the Chinese economy while Europe and the Americas remain stable. Advanced Engineered Materials should continue to unlock value by commercializing new projects and extending the pipeline model through our recent acquisitions. The prevailing uplift in the raw materials complex is encouraging and allows us to flex the acetyl value chain to expand margins globally. We believe that the agility of our business models in both the cores and our commitment to productivity will enable us to grow over the headwinds in tow and currency. At this time, we see a path to increasing adjusted earnings per share in the range of 8-11% in 2017, with a back-half loaded earnings profile due to major planned turnarounds in the first half," said Rohr.

For earnings history and earnings-related data on Celanese Corp. (CE) click here.

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