Celanese

Q2 FY2026 EarningsQ2 FY26 revenue of $2,752M slightly missed the $2,777M consensus (-0.90%), while normalized EPS of $1.15 fell significantly short of the $2.22 consensus (-48.27%). Profitability was heavily impacted by $65M in accelerated depreciation and restructuring charges related to the Lanaken plant closure. Management continues to prioritize deleveraging, having reduced total debt to $12.0B from $12.6B at FY25 year-end, while maintaining a 95% dividend cut to support cash preservation.