Celanese net income up 10.9% YOY

摘要

Celanese Corporation reports second-quarter net income of $223 million, up 10.9% year-over-year (YOY), on sales of $1.35 billion, down 8.5% YOY. Adjusted earnings of $1.59/share beat the average analyst estimate of $1.55/share, as compiled by Thomson Reuters (New York). Gains in materials solutions ofset weak results in the acetyl chain. Materials solutions reports adjusted Ebit of $219 million, up 5.8% YOY on an 8.9% gain in advanced engineered materials and a 2.9% gain in consumer specialties. Lower tow pricing, the result of low utilization rates, was ofset by lower raw material and energy costs.