MOSCOW (MRC) -- Celanese Corporation, a global technology and specialty materials company, has reported 2015 adjusted earnings per share of USD6.02 versus USD5.67 in the prior year, and fourth quarter adjusted earnings per share of USD1.25 versus USD1.28 in the prior year quarter, as per the company's report.
These strong results demonstrate the ability of the company's complementary cores to create value in a challenging environment.
Fourth quarter 2015 financial highlights:
- Adjusted earnings per share of USD1.25, down 2 percent from prior year;
- Adjusted EBIT margin of 19.2 percent, a fourth quarter record and an increase of 110 basis points over the prior year;
- Fourth quarter record performance for adjusted EBIT and margin in both Materials Solutions and Industrial Specialties.
Full year 2015 financial highlights:
- Record adjusted earnings per share of USD6.02, up 6 percent from prior year, driven by the strength of our commercial models in both the Acetyl Chain and Materials Solutions;
- Adjusted EBIT margin of 21.8 percent was our highest ever, increasing 320 basis points over the prior year
- Record core income and margin in Materials Solutions;
- Free cash flow of USD733 million before the impact of a USD177 million payment to terminate a supplier contract;
- USD594 million of cash returned to shareholders, including 6.6 million shares repurchased and USD174 million in dividends paid.
As MRC wrote before, in June 2015, Jacobs Engineering Group was awarded an engineering, procurement and construction management (EPCM) contract from Celanese Corp. for the construction of a vinyl acetate ethylene (EVA) emulsions production plant at Jurong Island, Singapore.
Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Based in Dallas, Texas, Celanese employs approximately 7,500 employees worldwide and had 2014 net sales of USD6.8 billion.
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