Quarterly ResultMay 5, 2026, 04:39 PM
Celanese Q1 Adjusted EPS $0.85; Raises FY26 Free Cash Flow Target
AI Summary
Celanese reported Q1 2026 adjusted EPS of $0.85, at the upper end of expectations, driven by strong execution in both Engineered Materials and Acetyl Chain segments. The company generated $3 million in free cash flow, a significant improvement for a first quarter, and increased its full-year 2026 free cash flow target to $700-$800 million. Strategic initiatives, including repositioning the nylon business and optimizing the Acetyl Chain network, are underway to enhance competitiveness and drive sustained value creation.
Key Highlights
- Q1 2026 adjusted EPS was $0.85, including $0.36 transaction amortization.
- Engineered Materials Q1 adjusted EBIT was $220 million and operating EBITDA $324 million.
- Acetyl Chain Q1 adjusted EBIT was $131 million and operating EBITDA $194 million.
- Q1 2026 free cash flow was $3 million, marking a positive Q1 for the first time in years.
- Full-year 2026 free cash flow target increased to $700-$800 million.
- Planned closure of nylon 6,6 polymerization unit in Sakra, Singapore, and optimization in North America.
- Expected Q2 2026 adjusted EPS of $2.00 to $2.40.
- Anticipates year-end net debt to operating EBITDA ratio around 4.8x.
Price Impact
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