Celanese Corporation has completed its acquisition of the majority of DuPont's Mobility & Materials segment for $11 billion, aiming to strengthen its position in high-value applications. This strategic move is expected to enhance Celanese's earnings per share and free cash flow in 2022, alongside utilizing ongoing productivity measures. The company anticipates quarterly earnings of $4.55 per share and revenue growth of 11.6% year-over-year to $2.45 billion, building on a strong performance trend.
“Celanese · is · a chemicals and specialty materials provider · true”
“Celanese Corporation · is gaining from · productivity measures, investments in organic projects and strategic acquisitions”
“Celanese Corporation · has a Zacks Rank · 2 (Buy)”
“Celanese Corporation · has outpaced the Zacks Consensus Estimate · in three of the trailing four quarters”
“Celanese Corporation · has delivered an earnings surprise · 8.7% · on average”
“Celanese Corporation · is benefiting from · cost and productivity actions, investments in high-return organic projects and synergies of acquisitions”
“Celanese · entered into an agreement with DuPont · to acquire the majority of the latter’s Mobility & Materials segment · for cash proceeds of $11 billion”
“Celanese Corporation · is a · global chemical and specialty materials company”
“Celanese · employs · approximately 8,500 employees worldwide”
“Celanese · had · 2021 net sales of $8.5 billion”
“Celanese · is · a chemicals and specialty materials provider · true”
“Celanese · covers a range of industries from · adhesives to autonomous and connected vehicles · true”