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DuPont (DD) to Showcase Advanced Circuit Materials in Shanghai
Zacks Investment Research· 2024-05-14 15:16
DuPont de Nemours Inc. (DD) has announced that it will exhibit its full spectrum of advanced circuit materials and solutions at the 2024 International Electronic Circuits Exhibition in Shanghai.The demand for high-speed gadgets that power Artificial Intelligence ("AI") continues to rise due to a rapid increase in data generation. DuPont is driving innovation with cutting-edge solutions for sophisticated packaging and integrated circuit ("IC") substrates, which are critical components for AI accelerators and ...
DuPont (DD) Introduces Tyvek Trifecta Breather Membrane
Zacks Investment Research· 2024-05-13 13:11
DuPont de Nemours Inc's (DD) Performance Building Solutions recently introduced Tyvek Trifecta, its newest generation breather membrane. The novel product provides great fire and moisture protection, making it an ideal choice for high-rise building external walls. It comes in a handy and lightweight 1.5m × 25m roll size.Tyvek Trifecta is a non-combustible breather membrane that offers all of the benefits of a conventional Tyvek breather membrane, but with A2-s1, d0 Class Fire Performance according to the cu ...
DuPont de Nemours (DD) International Revenue in Focus: Trends and Expectations
Zacks Investment Research· 2024-05-07 05:01
Have you looked into how DuPont de Nemours (DD) performed internationally during the quarter ending March 2024? Considering the widespread global presence of this specialty chemicals maker, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth.The global economy today is deeply interlinked, making a company's engagement with international markets a critical factor in determining its financial success and growth path. It has become essenti ...
Why DuPont de Nemours (DD) is a Top Momentum Stock for the Long-Term
Zacks Investment Research· 2024-05-06 14:56
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style Scor ...
DuPont's (DD) Earnings and Revenues Surpass Estimates in Q1
Zacks Investment Research· 2024-05-01 16:21
DuPont de Nemours, Inc. (DD) registered a profit from continuing operations of $183 million or 41 cents per share in first-quarter 2024. In the year-ago quarter, the company recorded a profit of $273 million or 58 cents per share.Barring one-time items, earnings came in at 79 cents per share in the reported quarter, topping the Zacks Consensus Estimate of 65 cents.DuPont's net sales reached $2,931 million, down 3% year over year. This result exceeded the Zacks Consensus Estimate of $2,816 million. The 6% dr ...
DuPont(DD) - 2024 Q1 - Quarterly Report
2024-05-01 15:41
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 March 31, 2024 For the quarterly period ended 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.R.S ...
DuPont(DD) - 2024 Q1 - Earnings Call Transcript
2024-05-01 15:01
Financial Data and Key Metrics Changes - First quarter reported sales of $2.9 billion declined 3% year-over-year, operating EBITDA of $682 million decreased 4%, and adjusted EPS of $0.79 per share declined 6% [10][16][18] - Cash flow from operations was $493 million, with adjusted free cash flow of $286 million, a significant increase from $173 million in the year-ago period [18][81] - The company completed a $500 million accelerated share repurchase, retiring 6.9 million shares, bringing total share repurchases to over 15% of outstanding shares since November 2022 [10][18] Business Line Data and Key Metrics Changes - Semiconductor technologies reported a sequential sales growth of 8% and a year-over-year growth of 10%, driven by increased chip demand [8][20] - Interconnect solutions saw a 4% year-over-year volume growth, although revenue declined due to channel inventory destocking [9][20] - Water solutions experienced a mid-teen organic sales decline, primarily due to distributor destocking and lower industrial demand in China [22][23] - Industrial solutions faced a 20% organic sales decline, mainly due to ongoing channel inventory destocking [21] Market Data and Key Metrics Changes - Sales in Europe, North America, and Asia Pacific decreased on an organic basis, with declines of 8%, 7%, and 4% respectively [16] - In China, sales volumes increased by 3% year-over-year, driven by growth in electronics and interconnect solutions [16][41] Company Strategy and Development Direction - The company is focused on five high-growth areas, including electronics, water, healthcare, and advanced automotive technologies [10][11] - Management expressed optimism about the recovery in electronics and the potential for growth driven by AI-related products [11][46] - The company aims to maintain operational excellence and productivity improvements to support margin recovery [15][27] Management's Comments on Operating Environment and Future Outlook - Management noted that the first quarter confirmed a recovery in electronics, with expectations for continued volume pick-up throughout 2024 [8][11] - The company raised its full-year guidance for net sales, operating EBITDA, and adjusted EPS, indicating confidence in market recovery [24][62] - Management highlighted the importance of sustainability and ESG commitments, with significant progress reported in reducing greenhouse gas emissions [26][28] Other Important Information - The company expects to see a return to volume growth in the second half of 2024, driven by improved demand and reduced destocking impacts [77] - Management indicated that the electronics business is expected to grow high single digits in 2025, supported by increased semiconductor fab utilization rates [46] Q&A Session Summary Question: Insights on margin recovery and cost structure - Management indicated that most cost actions taken will remain in place, with expectations to bring back some costs in 2025 as markets recover [31][34] Question: Updates on electronics pricing and market dynamics - Management noted that price declines in electronics are typically around 1%, but advanced nodes related to AI are expected to support better pricing [36] Question: Expectations for sequential growth in EBITDA - Management clarified that the initial expectation for a 10% sequential lift was adjusted due to over-delivery in Q1, with a revised EBITDA guidance of $710 million for Q2 [38] Question: Updates on water solutions and industrial demand in China - Management confirmed that while industrial demand remains weak, there are signs of recovery in water solutions, with expected order increases towards the end of Q2 [40][79] Question: Free cash flow expectations for 2024 - Management anticipates free cash flow conversion to be at or near the target of greater than 90% for the year, despite a dip expected in Q2 due to interest payments [81] Question: Performance of Spectrum and its impact - Management reported that Spectrum is performing as expected, with significant growth driven by a key medical device customer [70]
DuPont de Nemours (DD) Reports Q1 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-05-01 14:35
DuPont de Nemours (DD) reported $2.93 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 2.9%. EPS of $0.79 for the same period compares to $0.84 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.82 billion, representing a surprise of +4.08%. The company delivered an EPS surprise of +21.54%, with the consensus EPS estimate being $0.65.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...
DuPont(DD) - 2024 Q1 - Earnings Call Presentation
2024-05-01 13:01
1Q 2024 Financial Results May 1, 2024 Non-GAAPFinancialMeasures:Unlessotherwiseindicated,allfinancialmetricspresentedanddiscussionofresultsreflectcontinuingoperationsonly. This communication includes information that does not conform to accounting principles generally accepted in the United States of America (“U.S. GAAP”) and are considered non-GAAP measures. Management uses these measures internallyforplanning,forecastingandevaluatingtheperformanceoftheCompany,includingallocatingresources.DuPont’smanagemen ...
DuPont(DD) - 2024 Q1 - Quarterly Results
2024-05-01 10:09
Exhibit 99.1 DuPont Reports First Quarter 2024 Results • Net Sales of $2.9 billion decreased 3%; organic sales decreased 6% versus year-ago period • GAAP Income from continuing operations of $183 million; operating EBITDA of $682 million • GAAP EPS from continuing operations of $0.41; adjusted EPS of $0.79 • Cash provided by operating activities from continuing operations of $493 million; adjusted free cash flow of $286 million • $500 million accelerated share repurchase (ASR) transaction launched in Februa ...