Celanese Q2 Adj. EPS $2.45; Reaffirms FY26 EPS Guidance $6.00
Celanese reported strong second-quarter 2026 results with adjusted earnings per share of $2.45, its highest in nearly three years, and operating EBITDA growth exceeding 20% year-over-year. The company reaffirmed its full-year 2026 adjusted EPS guidance of approximately $6.00. Both Engineered Materials and Acetyl Chain segments demonstrated strong commercial performance, with EM net sales up 6% YoY (ex-divestiture) and AC net sales up 19% YoY. Celanese also continued strategic restructuring, completing the closure of its Ulsan facility and nylon 6,6 network optimization, and is on track to close the Lanaken acetate tow facility, expecting over $50 million in annualized fixed-cost savings. However, Q3 earnings are expected to moderate due to higher raw material costs and inventory effects.
Key Highlights
- Reported Q2 2026 adjusted EPS of $2.45, highest in nearly three years.
- Operating EBITDA grew over 20% year-over-year.
- Engineered Materials Q2 adjusted EBIT $234M and operating EBITDA $335M.
- Acetyl Chain Q2 adjusted EBIT $321M and operating EBITDA $385M.
- Completed Ulsan facility closure and nylon 6,6 network optimization.
- Expects over $50M annualized fixed-cost savings from restructuring initiatives.
- Reaffirmed full-year 2026 adjusted EPS guidance of approximately $6.00.
- Q2 free cash flow of $140M; targets $700M-$800M for full-year 2026.
Price Impact
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