Latest news with #Celanese
Business Wire
a day ago
- Business
- Business Wire
Securities Fraud Investigation Into Celanese Corporation (CE) Continues – Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm
LOS ANGELES--(BUSINESS WIRE)-- Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, continues its investigation on behalf of Celanese Corporation ('Celanese' or the 'Company') (NYSE: CE) investors concerning the Company's possible violations of the federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON CELANESE CORPORATION (CE), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. What Is The Investigation About? On November 4, 2024, after market hours, Celanese reported its third quarter 2024 earnings, missing consensus estimates due in part to 'rapid and acute [demand] downturns in Western Hemisphere automotive and industrial segments.' The Company further disclosed that it would be 'temporarily idling production facilities in every region.' On this news, Celanese's stock price fell $32.50, or 26.3%, to close at $91.00 per share on November 5, 2024, thereby injuring investors. Then, on August 11, 2025, Celanese released its second quarter fiscal 2025 financial results, disclosing '[m]ost end-markets continued to be challenged' and that it 'anticipates slowing demand will partially offset the benefits from the cost reduction actions that are expected to be realized in the third quarter. Additionally, Celanese anticipates an approximate $25 million negative sequential impact to earnings due to ongoing inventory reduction efforts.' The Company also disclosed it had 'implemented multiple new actions' to deleverage the balance sheet. On this news, Celanese's stock price fell $6.20, or 13.1%, to close $41.22 per share on August 12, 2025, thereby injuring investors further. Contact Us To Participate or Learn More: If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us. Charles Linehan, Esq., Glancy Prongay & Murray LLP, 1925 Century Park East, Suite 2100, Los Angeles California 90067 Email: shareholders@ Telephone: 310-201-9150 (Toll-Free: 888-773-9224) Visit our website at Follow us for updates on LinkedIn, Twitter, or Facebook. Whistleblower Notice Persons with non-public information regarding Celanese should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email shareholders@ About Glancy Prongay & Murray LLP Glancy Prongay & Murray LLP ('GPM') is a premier law firm representing investors and consumers in securities litigation and other complex class action litigation. GPM has been consistently ranked in the Top 50 Securities Class Action Settlements by ISS Securities Class Action Services. In 2018, GPM was ranked a top five law firm in number of securities class action settlements, and a top six law firm for total dollar size of settlements. With four offices across the country, GPM's nearly 40 attorneys have won groundbreaking rulings and recovered billions of dollars for investors and consumers in securities, antitrust, consumer, and employment class actions. GPM's lawyers have handled cases covering a wide spectrum of corporate misconduct and relating to nearly all industries and sectors. GPM's past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron's, Investor's Business Daily, Forbes, and Money. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Business Wire
a day ago
- Business
- Business Wire
Securities Fraud Investigation Into Celanese Corporation (CE) Continues – Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
LOS ANGELES--(BUSINESS WIRE)-- The Law Offices of Frank R. Cruz continues its investigation of Celanese Corporation ('Celanese' or the 'Company') (NYSE: CE) on behalf of investors concerning the Company's possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON CELANESE CORPORATION (CE), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS. What Is The Investigation About? On November 4, 2024, after market hours, Celanese reported its third quarter 2024 earnings, missing consensus estimates due in part to 'rapid and acute [demand] downturns in Western Hemisphere automotive and industrial segments.' The Company further disclosed that it would be 'temporarily idling production facilities in every region.' On this news, Celanese's stock price fell $32.50, or 26.3%, to close at $91.00 per share on November 5, 2024, thereby injuring investors. Then, on August 11, 2025, Celanese released its second quarter fiscal 2025 financial results, disclosing '[m]ost end-markets continued to be challenged' and that it 'anticipates slowing demand will partially offset the benefits from the cost reduction actions that are expected to be realized in the third quarter. Additionally, Celanese anticipates an approximate $25 million negative sequential impact to earnings due to ongoing inventory reduction efforts.' The Company also disclosed it had 'implemented multiple new actions' to deleverage the balance sheet. On this news, Celanese's stock price fell $6.20, or 13.1%, to close $41.22 per share on August 12, 2025, thereby injuring investors further. Contact Us To Participate or Learn More: If you purchased Celanese securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us: The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 Call us at: 310-914-5007 Email us at: info@ Visit our website at: Follow us for updates on Twitter at If you inquire by email, please include your mailing address, telephone number, and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Yahoo
3 days ago
- Business
- Yahoo
Celanese Corp (CE) Q2 2025 Earnings Call Highlights: Strategic Moves Amid Market Challenges
Release Date: August 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Celanese Corp (NYSE:CE) is focused on achieving a $2 per share quarterly EPS run rate through controllable actions such as cost structure improvements and executing differentiated business models. The company is prioritizing free cash flow generation, with a target of $700 million to $800 million for the year, translating to approximately $7 per share. Celanese Corp (NYSE:CE) is actively reducing inventory levels in the Engineered Materials segment through various strategies, including warehouse consolidation and SKU rationalization. The company is leveraging its low-cost production capabilities in the Western Hemisphere, particularly in the acetyls business, to maintain profitability despite challenging market conditions. Celanese Corp (NYSE:CE) is pursuing divestitures, such as the Micromax process, to strengthen its balance sheet and focus on core operations. Negative Points Order books have weakened, particularly in the China automotive sector and European demand, impacting the Engineered Materials segment. The company is experiencing volume weakness in the Western Hemisphere acetyl chain, which has continued into the third quarter. Celanese Corp (NYSE:CE) is facing challenges in achieving price increases in certain Engineered Materials products, with some pricing at unsustainable levels. The acetyls business is impacted by overcapacity in Asia, leading to lower third-party acetic acid sales and margin compression. Visibility on order books is limited, with short-term visibility in both acetyls and Engineered Materials segments, making it difficult to predict future demand accurately. Q & A Highlights Warning! GuruFocus has detected 6 Warning Signs with CE. Q: Can you provide more color on the weakening order books you mentioned, particularly in which end markets this is occurring? A: Scott Richardson, President and CEO, explained that the weakening is primarily seen in China automotive orders and European demand within the Engineered Materials segment. The Americas have remained relatively stable, but there is also volume weakness in the Western Hemisphere's acetyl chain. Q: How do you plan to achieve the $2 per share quarterly EPS run rate, and when do you expect to reach it? A: Scott Richardson stated that the $2 target is achievable through concrete plans focusing on cost structure improvements and executing differentiated business models. The path includes inventory movement, cost actions, and price opportunities in Engineered Materials. The timeline may be delayed due to current demand conditions, but the company is prepared to capitalize on any demand changes. Q: What is the impact of the $25 million inventory reduction in the EM segment for Q3, and is it related to weaker demand? A: Scott Richardson and Chuck Kyrish, CFO, explained that the inventory reduction is part of a multiyear effort to operate with lower inventory levels. The $25 million impact is due to a mix of production campaigns and current demand trends, resulting in a sequential negative earnings impact for Q3. Q: Are tariffs in China affecting your tow business, and how is the VAM and acetic acid business performing in China? A: Scott Richardson confirmed that tariffs are not impacting the tow business as it operates through a joint venture in China. The VAM and acetic acid business is above breakeven, with a focus on downstream products for better value. Some US material is sold in Asia, either directly or through swaps. Q: How do you view the structural challenges in your businesses, and are there any long-term issues affecting earnings power? A: Scott Richardson expressed confidence in the company's actions to increase earnings power and readiness for demand changes. He highlighted cost structure improvements and strategic positioning in the Western Hemisphere as key factors. While some business areas face challenges, the company is focused on continuous improvement and adaptability. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
3 days ago
- Business
- Business Insider
KeyBanc Sticks to Their Buy Rating for Celanese (CE)
In a report released yesterday, Aleksey Yefremov from KeyBanc maintained a Buy rating on Celanese, with a price target of $70.00. The company's shares closed yesterday at $41.22. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Yefremov is a 4-star analyst with an average return of 4.8% and a 52.57% success rate. Yefremov covers the Basic Materials sector, focusing on stocks such as Albemarle, Celanese, and Eastman Chemical. In addition to KeyBanc, Celanese also received a Buy from Wells Fargo's Michael Sison in a report issued yesterday. However, on the same day, Mizuho Securities maintained a Hold rating on Celanese (NYSE: CE). The company has a one-year high of $142.54 and a one-year low of $36.29. Currently, Celanese has an average volume of 1.74M. Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CE in relation to earlier this year. Most recently, in May 2025, Mark Christopher Murray, the SVP – Acetyls of CE bought 1,479.00 shares for a total of $77,174.22.
Business Insider
3 days ago
- Business
- Business Insider
Jefferies Sticks to Its Hold Rating for Celanese (CE)
Jefferies analyst Laurence Alexander maintained a Hold rating on Celanese today and set a price target of $47.00. The company's shares closed today at $41.22. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Alexander covers the Basic Materials sector, focusing on stocks such as MP Materials, Ashland, and Ecolab. According to TipRanks, Alexander has an average return of -2.1% and a 45.55% success rate on recommended stocks. In addition to Jefferies, Celanese also received a Hold from BMO Capital's John McNulty in a report issued today. However, on the same day, Wells Fargo maintained a Buy rating on Celanese (NYSE: CE). CE market cap is currently $5.19B and has a P/E ratio of -3.20. Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CE in relation to earlier this year. Most recently, in May 2025, Mark Christopher Murray, the SVP – Acetyls of CE bought 1,479.00 shares for a total of $77,174.22.
