Quarterly ResultMay 6, 2026, 04:20 PM
Celanese Q1 Net Earnings $44M; Micromax Sale $493M Gain
AI Summary
Celanese Corporation reported net earnings of $44 million for the first quarter of 2026, a significant improvement from a net loss of $24 million in the prior year. Earnings per share from continuing operations also turned positive to $0.41 from a loss of $0.17. The company completed the sale of its Micromax® business for $493 million, generating a $50 million gain, and is proceeding with the closure of its Lanaken, Belgium facility as part of a restructuring effort.
Key Highlights
- Celanese reported net earnings attributable to the company of $44M, up from a $(24)M loss YoY.
- Basic EPS from continuing operations was $0.41, compared to $(0.17) in the prior year.
- The company completed the sale of its Micromax® business for $493M, generating a $50M gain.
- Net sales decreased to $2,337M from $2,389M year-over-year.
- Operating profit increased to $214M from $165M year-over-year.
- Net cash provided by operating activities increased to $76M from $37M YoY.
- The company incurred $27M in costs related to the Lanaken, Belgium plant closure.
- Long-term debt decreased to $10,813M from $11,394M as of December 31, 2025.