Celanese reported Q3 2024 revenue of USD 2.648 billion with gross margin of 23.49% and net income of USD 116 million (EPS USD 1.06). Year-over-year declines were pronounced across key profitability metrics: revenue -2.75% YoY, gross profit -7.58% YoY, operating income -70.55% YoY, and net income -87.80% YoY, while EPS declined -87.86% YoY. On a QoQ basis, the company also saw softer profitability (operating income -0.80% QoQ; net income -25.16% QoQ; EPS -25.35% QoQ). EBITDA stood at USD 561 million (margin ~21.2%), reflecting continued operating cash flow generation but under pressure from a challenged cost environment and product mix. Operating cash flow was USD 79 million in the quarter, with capex of USD 88 million and free cash flow negative USD 9 million. Celanese held USD 813 million in cash at period end, while total debt stood at USD 13.34 billion (net debt USD 12.53 billion), yielding an interest coverage of ~1.79x and notable leverage metrics (debt to equity ~1.78x, debt ratio ~0.50). The results underscore a high leverage, cyclically-driven business with meaningful headwinds from the macro environment, but a diversified product portfolio and material EBITDA base that could support deleveraging and future cash flow normalization if end-market demand stabilizes and cost structures improve.