Sector: Basic Materials | Industry: Specialty Chemicals |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 222 Las Colinas Blvd W Ste 900N IRVING TX 75039-5467 |
Tel: | 1-972-4434730 |
Website: | https://www.celanese.com |
IR: | See website |
Key People | ||
Lori J. Ryerkerk Chairman of the Board, President, Chief Executive Officer | Chuck B. Kyrish Chief Financial Officer, Senior Vice President | Scott A. Richardson Chief Operating Officer, Executive Vice President |
Ashley B. Duffie Senior Vice President, General Counsel | Thomas F. Kelly Senior Vice President - Engineered Materials | Mark C. Murray Senior Vice President - Acetyls |
Business Overview |
Celanese Corporation is a global chemical and specialty materials company. It is a producer of engineered polymers that are used in a variety of applications. Its segments include Engineered Materials and Acetyl Chain. The Engineered Materials segment includes the engineered materials business and certain strategic affiliates. The Engineered Materials business develops, produces and supplies a portfolio of high-performance specialty polymers for automotive and medical applications, as well as industrial products and consumer electronics. The Acetyl Chain segment includes the integrated chain of intermediate chemistry, emulsion polymers, ethylene vinyl acetate polymers, redispersible powders (RDP), and acetate tow businesses. Its intermediate chemistry business produces and supplies acetyl products, including acetic acid, vinyl acetate monomer, acetic anhydride and acetate esters. It also produces organic solvents and intermediates for pharmaceutical, agricultural and chemical products. |
Financial Overview |
For the fiscal year ended 31 December 2023, Celanese Corporation revenues increased 13% to $10.94B. Net income before extraordinary items increased 4% to $1.97B. Revenues reflect Engineered Materials segment increase of 53% to $6.15B, China segment increase of 28% to $1.95B, United States segment increase of 10% to $2.82B, Belgium segment increase of 99% to $499M. Net income was partially offset by Acetyl Chain segment income decrease of 23% to $1.11B. |
Employees: | 12,410 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $29,129M as of Dec 31, 2023 |
Annual revenue (TTM): | $10,940M as of Dec 31, 2023 |
EBITDA (TTM): | $1,957M as of Dec 31, 2023 |
Net annual income (TTM): | $1,969M as of Dec 31, 2023 |
Free cash flow (TTM): | $1,026M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $11,879M as of Dec 31, 2023 |
Shares outstanding: | 111,563,396 as of Mar 18, 2024 |
Index Membership: | S&P 500 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |