DuPont de Nemours Inc. (NYSE:DD) Q3 2024 Earnings Conference Call November 5, 2024 8:00 AM ET Company Participants Edward Breen - Executive Chairman Lori Koch - Chief Executive Officer Antonella Franzen - Chief Financial Officer Chris Mecray - Vice President, Investor Relations Conference Call Participants Scott Davis - Melius Research Steve Tusa - JP Morgan Chris Parkinson - Wolfe Research Vincent Andrews - Morgan Stanley Josh Spector - UBS John Roberts - Mizuho Aleksey Yefremov - Keybanc David Begleiter ...

For the quarter ended September 2024, DuPont de Nemours (DD) reported revenue of $3.19 billion, up 4.4% over the same period last year. EPS came in at $1.18, compared to $0.92 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $3.2 billion, representing a surprise of -0.22%. The company delivered an EPS surprise of +13.46%, with the consensus EPS estimate being $1.04.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall St ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-38196 DUPONT DE NEMOURS, INC. (Exact name of registrant as specified in its charter) Delaware 81-1224539 State or other jurisdiction of incorporation or organization (I ...

DuPont de Nemours, Inc. (DD) registered earnings from continuing operations of $1.13 per share in the third quarter of 2024, up from earnings of 62 cents per share in the year-ago quarter. Barring one-time items, earnings came in at $1.18 per share in the reported quarter, topping the Zacks Consensus Estimate of $1.04.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.DuPont logged net sales of $3,192 million, marking a 4% year-over-year increase. It missed the Zacks Consensus Estimate o ...

3Q 2024 Financial Results November 5, 2024 ◀ OUPONT ► Overview On November 1, 2023, DuPont completed the divestiture of the Delrin® acetal homopolymer (H-POM) business to TJC LP, (the "Delrin® Divestiture"). The results of operations for the three and nine months ended September 30,2023 present the financial results of the Delrin® Divestiture as discontinued operations. Unless otherwise indicated, the discussion of results, including the financial measures further discussed below, refers only to DuPont's Co ...

DuPont de Nemours (DD) came out with quarterly earnings of $1.18 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $0.92 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.46%. A quarter ago, it was expected that this specialty chemicals maker would post earnings of $0.85 per share when it actually produced earnings of $0.97, delivering a surprise of 14.12%.Over the last four quar ...

Financial Performance - Net sales for Q3 2024 were $3.2 billion, a 4% increase year-over-year, with organic sales growth of 3%[1][3] - GAAP income from continuing operations rose to $480 million, an increase of 65% compared to Q3 2023[1][3] - Operating EBITDA for Q3 2024 was $857 million, reflecting an 11% increase from the previous year, with a margin expansion of 150 basis points to 26.8%[1][3][4] - Adjusted EPS increased to $1.18, up 28% from $0.92 in Q3 2023[1][3] - Net income for the three months ended September 30, 2024, was $462 million, up from $328 million in the same period of 2023, marking a significant increase of 40.7%[40] - Earnings per share from continuing operations (diluted) rose to $1.13 for the three months ended September 30, 2024, compared to $0.62 in the prior year, an increase of 82.3%[41] - Net income for the nine months ended September 30, 2024, increased to $844 million, compared to $476 million in the same period of 2023[45] - Reported earnings (GAAP) for the nine months ended September 30, 2024, were $1,149 million, with net income of $816 million, translating to an EPS of $1.94[55] Segment Performance - Electronics & Industrial segment net sales grew 13% to $1.55 billion, with organic sales growth of 10% driven by semiconductor demand recovery[7][10] - Water & Protection segment net sales decreased 2% to $1.38 billion, with organic sales also down 2% due to price declines[10][11] - The Electronics & Industrial segment reported net sales of $4,424 million for the nine months ended September 30, 2024, up from $3,976 million in 2023[46] - The Water & Protection segment's net sales decreased to $4,064 million for the nine months ended September 30, 2024, from $4,356 million in 2023[46] Cash Flow and Liquidity - Cash provided by operating activities from continuing operations was $737 million, leading to transaction-adjusted free cash flow of $640 million[1][6] - Cash provided by operating activities from continuing operations was $1,757 million for the nine months ended September 30, 2024, up from $1,545 million in 2023[45] - Cash used for investing activities from continuing operations was $725 million for the nine months ended September 30, 2024, compared to $919 million in 2023[45] - Adjusted free cash flow for the three months ended September 30, 2024, was $628 million, compared to $621 million in the prior year, reflecting a 1.1% increase[52] - Transaction-adjusted free cash flow for the nine months ended September 30, 2024, was $1,351 million, compared to $1,071 million in the prior year, indicating a 26.1% increase[52] Guidance and Future Expectations - For Q4 2024, the company expects net sales of approximately $3.07 billion and operating EBITDA of about $790 million[13] - Full year 2024 guidance raised to operating EBITDA of about $3.125 billion and adjusted EPS of $3.90 per share[13] - The company is advancing plans to separate its Electronics and Water businesses, expected to be completed within 18 to 24 months[21] - Management anticipates that the Intended Business Separations will have a material impact on the company's financial statements, indicating a significant transformational change[36] Non-GAAP Measures and Adjustments - DuPont's Adjusted Earnings for the quarter were reported at $595 million, translating to approximately $1.08 per share due to amortization expenses[28] - DuPont's management emphasizes the importance of non-GAAP financial measures for evaluating ongoing performance and resource allocation[25] - Significant items related to integration and separation activities are classified to avoid misinterpretation of underlying business performance[31] - DuPont's ability to convert earnings to cash is measured through Adjusted Free Cash Flow Conversion, which is a key indicator of financial health[35] - Adjusted earnings (non-GAAP) for the nine months ended September 30, 2024, were $1,646 million, up from $1,236 million in the same period last year, reflecting a 33.3% increase[55] Asset and Liability Management - Total assets decreased to $37,461 million as of September 30, 2024, from $38,552 million at the end of 2023, a decline of 2.9%[43] - Cash and cash equivalents decreased to $1,645 million as of September 30, 2024, down from $2,392 million at the end of 2023, a reduction of 31.2%[43] - Long-term debt decreased to $7,170 million as of September 30, 2024, compared to $7,800 million at the end of 2023, a decrease of 8.1%[43] - Total current liabilities decreased to $2,825 million as of September 30, 2024, from $3,098 million at the end of 2023, a reduction of 8.8%[43]

Net Sales of $3.2 billion increased 4%; organic sales increased 3% versus year-ago period GAAP Income from continuing operations of $480 million; operating EBITDA of $857 million GAAP EPS from continuing operations of $1.13; adjusted EPS of $1.18 Cash provided by operating activities from continuing operations of $737 million; transaction-adjusted free cash flow of $640 million Raises guidance for full year 2024 operating EBITDA and adjusted EPSWILMINGTON, Del., Nov. 5, 2024 /PRNewswire/ -- DuPont (NYSE: D ...

The third-quarter 2024 earnings season is in top gear. We are in the second half of the reporting cycle. This week will be the last big week, with around 1,600 companies set to report their quarterly financial numbers. More than 90% of companies from Wall Street’s broad-market benchmark — the S&P 500 Index — will also report their results.Meanwhile, we have selected three companies for investors’ that will report tomorrow. These stocks, with a favorable Zacks Rank, are likely to beat third-quarter 2024 earn ...

For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Is DuPont de Nemours (DD) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.DuPont de Nemours is one of 235 individual stocks in the Basic Materials sector. Collectively, these companies sit at #11 in the Zacks Sector Rank. The Zacks Sector Rank ...