Quarterly ResultAug 5, 2026, 04:32 PM
Celanese Q2 Net Sales $2.75B, EPS $1.13; Divests Micromax Business
AI Summary
Celanese Corp reported mixed results for the second quarter and first half of 2026. While net sales and operating profit increased, net earnings and diluted EPS declined compared to the prior year, primarily due to higher income tax provision and interest expense. The company completed the divestment of its Micromax® business for $493 million, generating a $50 million gain, and continued with the planned closure of its Lanaken, Belgium facility, incurring $59 million in related costs. Celanese also reduced its long-term debt by redeeming $508 million in senior notes.
Key Highlights
- Net sales for Q2 2026 increased to $2,752 million from $2,532 million in Q2 2025.
- Diluted EPS for Q2 2026 was $1.13, down from $1.80 in Q2 2025.
- Net earnings attributable to Celanese Corporation for Q2 2026 were $125 million, compared to $197 million in Q2 2025.
- Completed the sale of the Micromax® business for $493 million, resulting in a $50 million gain.
- Incurred $59 million in exit and shutdown costs related to the Lanaken, Belgium plant closure in H1 2026.
- Net cash provided by operating activities for H1 2026 was $285 million, down from $447 million in H1 2025.
- Redeemed $508 million principal of 4.777% senior unsecured notes due 2026 in June 2026.
- Long-term debt, net, decreased to $10,696 million as of June 30, 2026, from $11,394 million at year-end 2025.
Price Impact
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