Celanese Corporation (NYSE:CE) Q1 2023 Earnings Call Transcript

Celanese Corporation (NYSE:CE) Q1 2023 Earnings Call Transcript May 10, 2023

Celanese Corporation beats earnings expectations. Reported EPS is $2.01, expectations were $1.64.

Operator: Greetings, and welcome to the Celanese First Quarter 2023 Earnings Call and Webcast. [Operator Instructions]. At this time, I’d like to turn the call over to Brandon Ayache, Vice President of Investor Relations. Thank you. You may begin.

Brandon Ayache: Thank you, Darryl. Welcome to the Celanese Corporation first quarter 2023 earnings conference call. My name is Brandon Ayache, Vice President of Investor Relations. And with me today on the call are Lori Ryerkerk, Chairman of the Board and Chief Executive Officer; and Scott Richardson, Chief Financial Officer. Celanese distributed its first quarter earnings release via Business Wire and posted prepared comments on our Investor Relations website yesterday afternoon. As a reminder, we’ll discuss non-GAAP financial measures today. You can find definitions of these measures as well as reconciliations to the comparable GAAP measures on our website. Today’s presentation will also include forward-looking statements.

Please review the cautionary language regarding forward-looking statements, which can be found at the end of both the press release and prepared comments. Form 8-K reports containing all of these materials have also been submitted to the SEC. Since we published our prepared comments yesterday, we’ll go ahead and ask you, Darryl to open it up for questions.

Operator: [Operator Instructions] Our first questions come from the line of Michael Leithead with Barclays.

Operator: Our next question has come from the line of Jeff Zekauskas with JP Morgan.

Operator: Our next questions come from the line of Ghansham Panjabi with Baird.

Q&A Session

Operator: Our next question has come from the line of Michael Sison with Wells Fargo.

Operator: Our next questions come from the line of Matthew DeYoe with Bank of America.

Operator: Our next questions come from the line of Josh Spector with UBS.

Operator: Our next questions come from the line of Kevin McCarthy with Vertical Research Partners.

Operator: Our next questions come from the line of John McNulty with BMO Capital Markets.

Operator: Our next questions come from the line of Frank Mitsch with Fermium Research.

Operator: Our next questions come from the line of Vincent Andrews with Morgan Stanley.

Operator: Our next questions come from the line of Arun Viswanathan with RBC Capital Markets.

Operator: Come from the line of Hassan Ahmed with Alembic Global.

Operator: Our next questions come from the line of Jaideep Pandya with On Field Research.

Brandon Ayache: Darryl, we’ll take 1 more question, please.

Operator: Our next question comes from the line of John Roberts with Credit Suisse.

Operator: Thank you. There are no further questions at this time. I’d like to hand the call back over to Brandon Ayache for any closing remarks.

Brandon Ayache: Thank you. We’d like to thank everyone for listening in today. As always, we’re available after the call for any follow-up questions you may have. Darryl, please go ahead and close up the call.

Operator: Thank you. This does conclude today’s teleconference. We appreciate your participation. You may disconnect your lines at this time. Enjoy the rest of your day.