20 Companies! Summary of Chemical Giants’ 2024 Financial Results!

Celanese On February 18, Celanese—a global chemical and specialty materials company—reported full-year 2024 net sales of $10.3 billion, down 6% year-on-year, primarily due to persistently weak global demand across key end markets including automotive, paints and coatings, construction, and industrial sectors. In 2024, the company reported a consolidated operating loss of $697 million; adjusted EBIT was $1.6 billion, down 6% year-on-year; and operating EBITDA stood at $2.4 billion, with corresponding margins of (7%)%, 16%, and 23%. Additionally, Celanese announced its intention to cease production and shut down its Mylar specialty film manufacturing operation in Luxembourg—a 50/50 joint venture between Celanese and Teijin—consistent with the company’s core principle of exiting high-cost facilities. Lanxess On January 20, Lanxess issued a preliminary earnings announcement, forecasting Q4 2024 EBITDA of approximately €159 million—22% above the current market consensus of €130 million (VARA consensus). Accordingly, full-year 2024 EBITDA before non-recurring items is expected to reach approximately €614 million, up about 20% year-on-year and at the upper end of the previously guided growth range of 10–20%. Q4 performance was driven primarily by stronger-than-expected December sales, particularly due to customer pre-purchasing. This early-sales effect occurred mainly in the U.S., affecting products from the Specialty Additives and Consumer Protection divisions. Huntsman On February 17, Huntsman Corporation released its 2024 financial results: full-year revenue totaled approximately $6.0 billion, with a net loss of $189 million. In Q4 2024 alone, revenue amounted to $1.452 billion, with a net loss attributable to Huntsman of $141 million and an adjusted net loss attributable to Huntsman of $43 million; adjusted EBITDA stood at $71 million. Huntsman’s performance for the first three quarters of 2024 was as follows: Q3 revenue was $1.54 billion, with a net loss of $33 million; Q2 revenue was $1.574 billion, with net income of $22 million; Q1 revenue was $1.47 billion, with a net loss of $37 million. Syensqo On February 27, Syensqo released its 2024 financial results: net sales totaled €6.6 billion, reflecting an organic decline of 3%, primarily driven by price reductions (−4%); EBITDA amounted to €1.4 billion, in line with expectations. In Q4 2024, net sales reached €1.6 billion, representing an organic increase of 2%, driven mainly by volume growth (+3%); EBITDA was €298 million, up 5% organically, with contributions from both Materials & Consumer Goods and Resources businesses. Furthermore, in 2025, Syensqo will continue evaluating various initiatives to accelerate value creation—including asset divestitures—to become a more focused specialty chemicals company. Building on the already-decided divestiture of its oil & gas business, Syensqo plans to pursue a similar strategy for its Fragrance & Functional Chemicals business.

Zhongzhi Weiye Information | Q3 Financial Results of the World’s Top 50 Chemical Enterprises Released!

Lanxess Q3 sales totaled €1.601 billion, down 26.7% year-on-year; EBITDA stood at €119 million, down 50.4%; net income declined from €80 million in the prior-year period to −€131 million. Wacker Chemie AG Group sales for Q3 amounted to €1.52 billion, down 29% year-on-year; EBITDA was €152 million, down 67%; net profit for Q3 was €34 million. Clariant Organic sales for Q3 were CHF 1.031 billion, down 8% year-on-year; EBITDA margin declined to 15.4%, compared to 16.8% in the prior-year period. Cumulative sales for the first three quarters of 2023 totaled CHF 3.315 billion, down 7% year-on-year. North America Dow Q3 net sales were $10.7 billion, down 24% year-on-year; GAAP net income was $327 million, versus $760 million in the prior-year period. LyondellBasell Q3 sales revenue was $10.625 billion, down 13.3% year-on-year from $12.25 billion; EBITDA was $1.356 billion, up 21.8% from $1.108 billion in the prior-year period. Sherwin-Williams Q3 net sales were $6.117 billion, up 1.1%; net income was $298 million, up 10.7%; EBITDA was $1.27 billion, up 12.6%. Nutrien Q3 sales were $5.631 billion, down 31% year-on-year from $8.188 billion; net income was $82 million, down 95% from $1.853 billion in the prior-year period. PPG Q3 net sales were $4.644 billion, up 4% year-on-year; net income was $430 million, up 29%. Ecolab Q3 net sales were $3.958 billion, up 8% from $3.669 billion in the prior-year period; net income was $404 million, up 16% from $347 million. Mosaic Q3 revenue was $3.5 billion, down approximately 34% year-on-year; net loss was $4 million, versus net income of $842 million in the prior-year period; EBITDA was $594 million, down 65%. Westlake Chemical Corporation Q3 net sales were $3.115 billion, down 21.3% year-on-year; net income was $285 million, down 46.5%; EBITDA was $682 million, down 15%. DuPont Q3 net sales were $3.1 billion, down 8% year-on-year; operating EBITDA was $775 million. Air Products Q3 sales were $3.034 billion, down 4.8% year-on-year; GAAP net income was $2.01 billion, up 170%; adjusted EBITDA was $3.9 billion, up 8%. International Flavors & Fragrances (IFF) Q3 net sales were $2.82 billion, down 8% year-on-year; EBITDA was $506 million, down 10%.

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