Dallas, May 1 - Celanese Corporation (NYSE: CE) today reported strong earnings in the first quarter with net sales of $1,631 million, a 9% increase from the prior year, driven by improved pricing on continued strong demand, volume increases in specialty businesses, and positive currency effects across the company
First quarter highlights:
- Net sales increased 9% to $1,631 million from prior year
- Operating profit increased 41% to $239 million
- Net earnings increased 72% to $201 million
- Operating EBITDA increased 30% to $349 million
- Diluted EPS increased 69% to $1.15
- Adjusted EPS increased 54% to $0.91 from prior year