Celanese Corporation Common Stock (CE)

Celanese Corporation (NYSECE) (the “Company” or “Celanese”), a global chemical and specialty materials company, today announced that its subsidiary, Celanese US Holdings LLC (the “Issuer”), has priced registered offerings (the “Offering”) of $2.6 billion aggregate principal amount of notes, including $700 million aggregate principal amount of 6.500% Senior Notes due 2030, $1.1 billion aggregate principal amount of 6.750% Senior Notes due 2033 (together, the “USD Notes”) and €750 million (or approximately $810 million) aggregate principal amount of 5.000% Senior Notes due 2031 (the “Euro Notes” and, together with the USD Notes, the “Notes”). The Offering was upsized from $2.0 billion to $2.6 billion aggregate principal amount of Notes. The Notes will be guaranteed on a senior unsecured basis by the Company and certain of the Company’s wholly-owned domestic subsidiaries.

Baumit has announced a collaboration with Celanese Corporation, a global specialty materials and chemical company, that would leverage carbon capture and utilization (CCU) technology to provide Baumit with binders for sustainable paint and plaster solutions for its European customers.

Celanese Corporation (NYSECE), a global specialty materials and chemical company, will increase prices for a range of products. These price increases will be effective on March 1, 2025, or as contracts otherwise allow. Additionally, individual grades may be subject to higher increases than specified below.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today reported full year 2024 U.S. GAAP diluted loss per share of $13.86 and adjusted earnings per share of $8.37. The Company generated net sales of $10.3 billion in 2024, a 6 percent decrease from the previous year consisting of a 4 percent decline in price and a 1 percent decline in volume, with a small currency impact. Persistently weak global demand in critical end-markets like automotive, paints, coatings, construction and industrial caused headwinds throughout the year. Celanese took actions, including reducing fixed and variable costs and delivered 2024 consolidated operating loss of $697 million, adjusted EBIT of $1.6 billion, and operating EBITDA of $2.4 billion at margins of (7), 16, and 23 percent, respectively.

NEW YORK, Feb. 17, 2025 (GLOBE NEWSWIRE) --

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today announced the election of Scott Sutton to the company’s Board of Directors. Mr. Sutton, 60, will join the Celanese Board effective March 1, 2025, and stand for re-election at the 2025 Annual Meeting of Shareholders. In addition, the Board has established a Finance and Business Review Committee, to assist with oversight of the company’s financial position and strategy, including its efforts to further reduce costs, prioritize cash flow, accelerate deleveraging, and evaluate its portfolio of assets and business configuration. Mr. Sutton and Scott Richardson, Chief Executive Officer and President, Celanese Corporation, will co-chair the Finance and Business Review Committee.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today declared a quarterly cash dividend of $0.03 per share on its common stock, payable March 11, 2025.

NEW YORK, Feb. 10, 2025 (GLOBE NEWSWIRE) --

NEW YORK, Feb. 07, 2025 (GLOBE NEWSWIRE) --

Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Celanese Corporation (“Celanese” or the “Company”) (NYSECE) investors concerning the Company’s possible violations of the federal securities laws.

Law Offices of Howard G. Smith announces an investigation on behalf of Celanese Corporation (“Celanese” or the “Company”) (NYSECE) investors concerning the Company’s possible violations of federal securities laws.

The Law Offices of Frank R. Cruz announces an investigation of Celanese Corporation (“Celanese” or the “Company”) (NYSECE) on behalf of investors concerning the Company’s possible violations of federal securities laws.

NEW YORK, Jan. 19, 2025 (GLOBE NEWSWIRE) --

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today announced a new addition to its Executive Leadership Team (ELT).

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today announced that it will host a conference call to discuss its fourth quarter 2024 results on Wednesday, February 19, 2025, beginning at 9:00 a.m. ET.

Celanese Corporation (NYSECE) today announced that it received notice of an unsolicited “mini-tender” offer by TRC Capital Investment Corporation (“TRC Capital”) to purchase up to 1,500,000 shares of Celanese’s common stock at an offer price of $65.50 per share in cash, which is approximately 4.49 percent lower than the $68.58 per share closing price of Celanese’s common stock on December 13, 2024, the last trading day before the commencement of TRC Capital’s mini-tender offer.

NEW YORK, Jan. 11, 2025 (GLOBE NEWSWIRE) --

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Celanese Corporation (“Celanese” or “the Company”) (NYSECE) for violations of the securities laws.

Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Celanese Corporation (NYSECE) resulting from allegations that Celanese may have issued materially misleading business information to the investing public.

Cloverdale Paint has announced a partnership with Celanese Corporation, a global specialty materials and chemical company, that will leverage its carbon capture and utilization (CCU) technology to provide Cloverdale Paint with new to market sustainable paint solutions.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today announced that Christopher Kuehn has been elected to the company’s Board of Directors. Mr. Kuehn, 52, is the Executive Vice President and Chief Financial Officer of Trane Technologies plc, a global climate innovator. He will join the Celanese Board effective January 1, 2025, bringing the total number of Board members to 12 (11 of whom are independent).

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today announced that Scott Richardson, currently Celanese’s Chief Operating Officer, has been appointed Chief Executive Officer and will join the Company’s Board of Directors, effective January 1, 2025. Richardson will succeed Lori Ryerkerk, who is stepping down as Chairman, CEO and director of Celanese at the end of the year. Celanese has elected Edward Galante, an independent director on Celanese’s Board since 2013, as Chair of the Board, effective upon Ryerkerk’s departure.

Henkel Corporation, a global leader for adhesives, sealants and functional coatings, and Celanese Corporation, a global chemical and specialty materials company, have announced a partnership to enhance circularity in emulsion production by utilizing carbon capture-based materials.

Celanese Corporation announced the publication of its 2023-2024 Sustainability Report, The Chemistry of Change, and its complementary 2023-2024 Sustainability Index. This year’s report underscores the company’s expansion of its lower-carbon footprint solutions that support evolving customer needs, commitment to driving innovation across its businesses and supply chains, and efforts to build on its emissions tracking and reporting capabilities. The associated index provides a comprehensive view of resources and disclosures, including alignment with sustainability frameworks, policies, practices, and metrics.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today reported third quarter 2024 U.S. GAAP diluted earnings per share of $1.08 and adjusted earnings per share of $2.44. The Company generated net sales of $2.6 billion in the quarter, down slightly from the previous quarter inclusive of neutral sequential volume, a slight sequential increase in currency, and a sequential decrease in pricing of 1 percent.