Key TakeawaysDuPont warned that a drop in volumes will drag down fourth-quarter results and affect the current quarter.The chemical giant expects a fourth quarter 2023 loss, and 2024 first quarter profit and sales that are below analysts' forecasts.The company blamed inventory destocking and weak demand in China for the slump.DuPont shares were down 13% at their lowest level since May in mid-afternoon trading.DuPont (DD) shares plunged Wednesday after the chemical conglomerate issued a profit warning, citin ...

Chemicals giant DuPont de Nemours (DD -12.67%) is seeing demand soften, both from Western industrial customers and from China. That's impacting earnings, and investors are not happy.Shares of DuPont traded down 12% as of 10:30 a.m. ET Wednesday after the company released preliminary year-end results.Are DuPont customers scaling back?DuPont isn't scheduled to release final fourth-quarter numbers until Feb. 6. But on Wednesday, the company said it expects to earn between $0.85 and $0.87 per share in the quart ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Schedules Quarterly Earnings Conference Call for February 6, 2024 WILMINGTON, Del., Jan. 24, 2024 /PRNewswire/ -- DuPont (NYSE: DD) today announced preliminary financial results(1) for the fourth quarter and full year ended December 31, 2023, provided an initial outlook for the first quarter of 2024 and scheduled its fourth quarter 2023 quarterly earnings conference call. Preliminary Fourth Quarter and Full Year 2023 Results 4Q'23 (Preliminary) FY'23 (Preliminary) Net sales ~$2.90 billion ~$12.07 ...

New relationship will deliver an unmatched combination of protection, lightweight and flexibility in body armor for law enforcement personnel, powered by Kevlar® EXO™ WILMINGTON, Del., Jan. 22, 2024 /PRNewswire/ -- DuPont (NYSE: DD) and Point Blank Enterprises (PBE), a global leader in protective solutions for military and law enforcement professionals today announced an exclusive agreement to offer body armor made with Kevlar® EXO™ aramid fiber for North America State and Local Law Enforcement departments ...

Investors typically like it when stocks catch an upgrade. Similarly, a downgrade can send shares lower. That isn’t exactly how things are working out for U.S. chemical stocks after ratings changes from BofA Securities. ...

DuPont de Nemours, Inc. (DD) is benefiting from innovation-driven investment and its productivity and pricing actions. We are positive on the company’s prospects and believe that the time is right for you to add the stock to portfolio as it looks promising and is poised to carry the momentum ahead.Let’s take a look into the factors that make this Zacks Rank #2 (Buy) stock an attractive choice for investors right now.Healthy Growth ProspectsThe Zacks Consensus Estimate for earnings for 2024 for DuPont is cur ...

WILMINGTON, Del., Jan. 10, 2024 /PRNewswire/ -- DuPont™ Tedlar® and the SPE (Society of Plastic Engineers) Foundation announced that two students have been awarded the DuPont™ Tedlar® Scholarship for academic study focused on plastics engineering. Each scholarship recipient received $2,500 to support their studies in STEM. The scholarships are part of a year-long partnership between DuPont™ Tedlar® and SPE to support the Foundation's three-pronged approach to enrich and develop the future workforce for plas ...

DuPont de Nemours, Inc. (DD) is expected to benefit from its innovation-driven investment, productivity and pricing actions and the Spectrum Plastics Group acquisition amid certain challenges including weaker demand in specific businesses.The company’s shares are up 4.4% over a year against a 10.1% decline of its industry. Image Source: Zacks Investment ResearchLet’s find out why this Zacks Rank #3 (Hold) stock is worth retaining at the moment. Productivity, Innovation & Spectrum Buyout to Aid ResultsDuPont ...

DuPont de Nemours, Inc. (NYSE:DD) Q3 2023 Earnings Conference Call November 1, 2023 8:00 AM ET Company Participants Chris Mecray - VP, IR Ed Breen - CEO Lori Koch - CFO Conference Call Participants Jeff Sprague - Vertical Research Partners Scott Davis - Melius Research Steve Tusa - JPMorgan Mike Leithead - Barclays John McNulty - BMO Capital Markets David Begleiter - Deutsche Bank Aleksey Yefremov - KeyBanc Capital Markets Josh Spector - UBS Vincent Andrews - Morgan Stanley Frank Mitsch - Fermium Research A ...