Celanese Corporation (CE), headquartered in Irving, Texas, is a chemical and specialty materials company that manufactures and sells high-performance engineered polymers. Valued at $15.17 billion by market cap, the company produces specialty material solutions used across major industries and consumer applications. The global chemical and specialty materials company is expected to announce its fiscal second-quarter earnings for 2024 after the market closes on Thursday, Aug. 1.
Ahead of the event, analysts expect CE to report a profit of $2.80 per share on a diluted basis, up 29% from $2.17 per share in the year-ago quarter. The company beat the consensus estimates in two of the last four quarters while missing on two other occasions. During the previous quarter, CE completed the startup of a new 1.3 million-ton Clear Lake acetic acid expansion unit.
