Celanese Corp. (CE) Tops Q1 EPS by $1.02
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Celanese Corporation Reports First Quarter 2022 Earnings; Raises Full Year 2022 Outlook
April 28, 2022 4:15 PM EDTDALLAS--(BUSINESS WIRE)-- Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today reported GAAP diluted earnings per share of $4.61 and adjusted earnings per share of $5.54 for the first quarter of 2022. The Company reported record quarterly net sales of $2.5 billion, a 12 percent increase over the previous record set in the fourth quarter of 2021. Net sales growth was driven by sequential volume and price expansion of 12 percent and 1 percent, respectively. Celanese successfully mitigated continued cost inflation as well as sourcing and logistics constraints to deliver first quarter consolidated operating profit of $531 million... More
