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Investing.com -- Celanese Corporation (NYSE:CE) reported first quarter 2025 results that exceeded analyst expectations, sending shares up 5.2% in after-hours trading. The global chemical and specialty materials company posted adjusted earnings per share of $0.57, beating the consensus estimate of $0.39, while revenue of $2.4 billion surpassed expectations of $2.26 billion.
The company’s first quarter net sales increased 1% from the previous quarter, driven by a 2% rise in volume, slightly offset by currency effects. Celanese generated consolidated operating profit of $168 million and adjusted EBIT of $234 million for the quarter.
"Our end-markets in the first quarter exhibited dynamics similar to the fourth quarter, and demand in our businesses developed mostly as we expected," said Scott Richardson, president and CEO of Celanese. He noted that while tariffs are a constant topic, the company saw no direct impact in the first quarter.
Celanese implemented several actions during Q1 to drive earnings growth and increase cash generation in the current global environment. These included completing transactions to improve its debt maturity profile, increasing 2025 cost reduction targets to approximately $120 million, and announcing plans to divest its Micromax business.
The Acetyl Chain segment reported Q1 net sales of $1.1 billion, up 1% sequentially, while Engineered Materials posted net sales of $1.3 billion, also a 1% increase from the previous quarter.
Looking ahead, Celanese expects second quarter adjusted earnings per share to be between $1.30 and $1.50. The company anticipates generating $700 to $800 million in free cash flow for the full year 2025, assuming no significant downturn in demand.
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