Celanese to Highlight Thermoplastic Composites - Analyst Blog

Chemical company Celanese Corporation CE will showcase its thermoplastic composites at the SAMPE 2014 annual technical conference on Jun 5, at the Washington State Convention Center in Seattle, WA.

Celanese will feature thermoplastic solutions for continuous-fiber composites used in light and tough components that help in reducing weight, cutting costs and performing in extreme environments. High performance thermoplastic composites are found in more lightweight industrial applications and provide high heat and chemical resistance, durability and cost reduction vis-a-vis conventional materials, such as thermosets and metals.

Celanese is a global chemicals and specialty materials company that engineers and manufactures an array of products essential for daily use. As a recognized product and process technology innovator, it helps to create applications that meet customer needs worldwide.

Celanese posted strong first-quarter 2014 results on Apr 21. It reported adjusted earnings (excluding one-time items) of $1.33 per share, up 16.7% from $1.14 per share reported in the year-ago quarter. The results surpassed the Zacks Consensus Estimate of $1.21.

Profit from continued operations (as reported) came in at $1.25 per share in the first quarter, surging roughly 42% from 88 cents per share posted in the prior-year quarter.

Sales in the quarter were $1,705 million, up 6.2% year over year and ahead of the Zacks Consensus Estimate of $1,682 million.

Celanese currently carries a Zacks Rank #3 (Hold).

Other companies in the chemical space with a favorable Zacks Rank include Compass Minerals International Inc. CMP, L'Air Liquide SA (AIQUY) and Koninklijke DSM N.V. (RDSMY). While Compass Minerals carries a Zacks Rank #1 (Strong Buy), both L'Air Liquide and Koninklijke DSM hold a Zacks Rank #2 (Buy).