Celanese Corporation reported a sharp improvement in second-quarter 2026 results, powered by stronger pricing, higher volumes, and disciplined execution across its global operations.

 

The global chemical and specialty materials company posted U.S. GAAP diluted earnings per share of $1.15 and adjusted earnings per share of $2.45 for the quarter. Net sales reached $2.8 billion, rising 18 percent sequentially, driven by a 4 percent increase in volume and a 14 percent increase in price.

 

Celanese said performance was fueled by strong execution across both major businesses, with Engineered Materials benefiting from favorable pricing and product mix, while the Acetyl Chain delivered strong commercial and operational results. Growth platforms, particularly in medical and electronics, continued to gain momentum during the quarter.

 

The company reported consolidated operating profit of $276 million, adjusted EBIT of $470 million, and operating EBITDA of $649 million, representing margins of 10 percent, 17 percent, and 24 percent, respectively.

 

Celanese said it continued to use its global manufacturing and supply chain flexibility to respond to changing market conditions while advancing efforts to improve competitiveness, resilience, and long-term earnings potential.

 

The company also highlighted continued progress on strategic initiatives focused on growth, cost reductions, and cash generation. During the quarter, Celanese completed the closure of its Engineered Materials compounding unit in Ulsan, South Korea, finished its nylon 6,6 manufacturing network optimization ahead of schedule, and moved closer to the planned closure of its acetate tow facility in Lanaken, Belgium.

 

Together, the initiatives are expected to generate more than $50 million in annualized fixed-cost savings while strengthening the company’s portfolio competitiveness.

 

“The second quarter demonstrated the agility and focus of Celanese and the benefits of the actions we are taking across both businesses,” said Scott Richardson, president and chief executive officer. 

 

“We delivered our highest adjusted earnings per share in nearly three years through commercial execution, continued progress in our growth initiatives, and the effectiveness of our global manufacturing and supply chain networks. At the same time, we advanced important portfolio, productivity, and footprint actions that are improving competitiveness, strengthening cash generation, supporting deleveraging, and positioning Celanese for continued earnings growth.”

 

Celanese said the second-quarter performance reflects continued progress on its transformation strategy as the company works to expand margins, improve efficiency, and strengthen its balance sheet.