Financial Performance - DuPont reported net sales of $3.1 billion for the three months ended March 31, 2025, a 5% increase from $2.9 billion in the same period of 2024, driven by an 8% increase in volume [194]. - ElectronicsCo segment net sales reached $1,118 million, up 14% from $984 million year-over-year, primarily due to a 16% increase in volume [209]. - Net sales for the three months ended March 31, 2025, were $1,948 million, remaining flat compared to $1,947 million for the same period in 2024, with a 3% increase in volume offset by a 1% decrease in local price and product mix [212]. - Operating EBITDA increased by 6% to $464 million for the three months ended March 31, 2025, compared to $439 million for the same period in 2024, driven by increased productivity and savings from prior year restructuring actions [213]. Expenses - Cost of sales remained flat at $1.9 billion for both the three months ended March 31, 2025, and 2024, with cost of sales as a percentage of net sales decreasing from 65% to 63% [195]. - Research and Development (R&D) expenses increased to $137 million in Q1 2025 from $125 million in Q1 2024, maintaining a consistent percentage of 4% of net sales [196]. - Selling, General and Administrative (SG&A) expenses decreased to $369 million in Q1 2025 from $384 million in Q1 2024, with SG&A as a percentage of net sales remaining stable at 12% [197]. - Acquisition, integration, and separation costs for Q1 2025 were $125 million, significantly higher than $3 million in Q1 2024, related to the Intended Electronics Separation [201]. - The company recorded pre-tax restructuring charges of $46 million for the three months ended March 31, 2025, related to the Transformational Separation-Related Restructuring Program [240]. Cash Flow and Debt - Cash provided by operating activities of continuing operations was $382 million for the first three months of 2025, down from $493 million in the same period last year, primarily due to increased cash used by net working capital [228]. - Cash used for investing activities of continuing operations was $247 million in the first three months of 2025, compared to $202 million in the same period in 2024, primarily due to higher capital expenditures [230]. - Total debt as of March 31, 2025, was $7,174 million, slightly up from $7,171 million as of December 31, 2024 [218]. - The company is contractually obligated to make future cash payments of $1.9 billion in principal and $359 million in interest on debt obligations due in the next twelve months [219]. Dividends - The Company declared a second quarter 2025 dividend of $0.41 per share, payable on June 16, 2025 [192]. - The company declared a first quarter 2025 dividend of $0.41 per share, paid on March 17, 2025, to shareholders of record on March 3, 2025 [234]. Tax and Financial Health - The effective tax rate on continuing operations for Q1 2025 was (27.7)%, a decrease from 31.5% in Q1 2024, primarily due to the non-tax-deductible goodwill impairment charge [205]. - The current ratio improved to 1.4:1 as of March 31, 2025, compared to 1.33:1 as of December 31, 2024, indicating better short-term financial health [229]. Goodwill and Separation Plans - Goodwill impairment charges amounted to $768 million in Q1 2025, compared to no charges in Q1 2024 [200]. - DuPont is targeting November 1, 2025, for the completion of the Intended Electronics Separation, which will not require a shareholder vote [187].

Core Viewpoint - DuPont de Nemours, Inc. reported a loss from continuing operations of $548 million or $1.33 per share for Q1 2025, contrasting with a profit of $183 million or 41 cents per share in the same quarter last year. However, adjusted earnings were $1.03 per share, exceeding the Zacks Consensus Estimate of 95 cents. Net sales reached $3,066 million, up 4.6% year over year, surpassing the Zacks Consensus Estimate of $3,040 million [1][2]. Segment Highlights - The ElectronicsCo segment achieved net sales of $1,118 million, reflecting a year-over-year increase of 13.6%. Organic sales rose by 14%, driven by a 16% increase in volume, despite a 2% decline in price [2]. - The IndustrialsCo segment recorded net sales of $1,948 million, remaining flat year over year. This was due to 2% organic growth being offset by a 1% currency headwind and a 1% adverse portfolio impact [3]. Financials - At the end of the quarter, DuPont had cash and cash equivalents of $1,762 million, a decrease of approximately 4.8% sequentially. Long-term debt stood at $5,325 million, unchanged sequentially. The company generated operating cash flow from continuing operations of $382 million during Q1 [4]. Outlook - For Q2 2025, DuPont projects net sales of approximately $3.2 billion, operating EBITDA of around $815 million, and adjusted earnings per share of about $1.05. This outlook indicates a seasonal sequential increase in sales, although the rise is more subdued than previously anticipated due to timing shifts in the Semiconductor Technologies business [5][6]. Price Performance - Over the past year, DuPont's shares have declined by 15.1%, compared to a 25.4% decline in the industry [7]. Zacks Rank & Key Picks - DuPont currently holds a Zacks Rank 3 (Hold). Other better-ranked stocks in the basic materials sector include Hawkins, Inc. (Zacks Rank 1), SSR Mining Inc. (Zacks Rank 2), and Intrepid Potash, Inc. (Zacks Rank 2) [8].

分组1 - DuPont de Nemours reported quarterly earnings of $1.03 per share, exceeding the Zacks Consensus Estimate of $0.95 per share, and showing an increase from $0.79 per share a year ago, representing an earnings surprise of 8.42% [1] - The company achieved revenues of $3.07 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.85% and increasing from $2.93 billion year-over-year [2] - DuPont de Nemours has outperformed consensus EPS estimates in all four of the last quarters and has topped consensus revenue estimates three times during the same period [2] 分组2 - The stock has underperformed the market, losing approximately 13.4% since the beginning of the year, compared to a decline of 4.7% for the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $1.07 on revenues of $3.22 billion, and for the current fiscal year, it is $4.25 on revenues of $12.72 billion [7] - The Zacks Industry Rank for Chemical - Diversified is currently in the bottom 18% of over 250 Zacks industries, indicating potential challenges for stock performance [8]

Financial Data and Key Metrics Changes - First quarter sales grew 6% on an organic basis, with operating EBITDA of $788 million increasing 16% year over year, resulting in an operating EBITDA margin of 25.7%, up 240 basis points from the prior year [6][7][20] - Adjusted EPS for the quarter was $1.00, reflecting a 30% increase compared to the previous year [7][21] Business Line Data and Key Metrics Changes - Electronics Co. net sales for the first quarter were $1.1 billion, up 14% year over year, driven by a 16% increase in volume [22] - Industrials Co. first quarter net sales were $1.95 billion, flat year over year, with a 2% organic sales growth offset by currency headwinds [24][26] Market Data and Key Metrics Changes - Asia Pacific delivered 13% organic sales growth year over year, with China seeing a 20% increase driven by electronics and water [20] - Organic sales in Europe were up 4%, while North America remained flat due to softness in construction and auto markets [20] Company Strategy and Development Direction - The company is on track for the spin-off of its electronics business, named Qunity, with a planned separation date of November 1 [8][10] - Qunity is positioned to be a major player in the electronics materials and solutions market, with a strong focus on semiconductor markets and AI applications [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing demand in electronics, particularly in semiconductor advanced nodes and AI applications, with strong order patterns expected to continue [8][18] - The company is actively addressing tariff uncertainties and has identified actions to mitigate potential impacts, estimating a net cost impact of $60 million for 2025 [12][27] Other Important Information - The company has realigned its segment reporting structure in preparation for the upcoming separation, with results now reported as Electronics Co. and Industrials Co. [18] - The estimated cost exposure due to tariffs in 2025 is about $500 million, with mitigation actions expected to reduce the net impact significantly [12][27] Q&A Session Summary Question: Can you walk us through the exemption process regarding tariffs? - Management indicated that product exemptions are a smaller part of their mitigation strategy, focusing more on procurement and supply chain optimization [30][31] Question: What is the tariff exposure for each business segment? - The estimated net exposure for 2025 is split evenly between Electronics Co. and Industrials Co., with about $30 million each [43] Question: How much of the sales in China are under long-term contracts? - Approximately 70% of sales into China are specked-in materials, making it difficult for customers to switch to competitors [56] Question: What is driving the strong demand in the water business? - Demand is strong across various technologies, particularly reverse osmosis and ion exchange, with expectations for high single-digit growth for the year [61][62] Question: How does the company view its competitive positioning in the electronics market? - Management believes they have a strong competitive position due to their extensive customer relationships and application engineering support [102] Question: What are the expectations for the semiconductor market in China? - Management expects normalization in demand in China, with flat growth anticipated for the full year, while global demand remains strong [70][111]

Financial Data and Key Metrics Changes - First quarter sales grew 6% on an organic basis, with operating EBITDA of $788 million increasing 16% year over year, resulting in an operating EBITDA margin of 25.7%, up 240 basis points from the prior year [5][20]. - Adjusted EPS for the quarter was $1.00, reflecting a 30% increase from the previous year [21]. Business Line Data and Key Metrics Changes - **Electronics Co.**: First quarter net sales increased 14% year over year to $1.1 billion, driven by a 16% increase in volume, while prices decreased by 2% [22]. Operating EBITDA for Electronics Co. was $373 million, up 26% year over year, with a margin of 33.4%, up 340 basis points [23]. - **Industrials Co.**: First quarter net sales were flat at $1.95 billion, with a 2% organic sales growth offset by currency headwinds [24]. Operating EBITDA for Industrials Co. was $464 million, up 6% year over year, with a margin of 23.8%, up 130 basis points [26]. Market Data and Key Metrics Changes - Asia Pacific delivered 13% organic sales growth year over year, with China showing a 20% increase driven by electronics and water [19]. Europe saw a 4% organic sales increase, while North America remained flat due to soft construction and auto markets [20]. Company Strategy and Development Direction - The company is progressing on the spin-off of its electronics business, named Qunity, with a planned separation date of November 1 [6][8]. The new company aims to be a leading provider in the electronics materials and solutions sector, with a strong focus on semiconductor markets [13][15]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing demand in electronics, particularly in semiconductor advanced nodes and AI applications, and noted strong order patterns through April [6][18]. The company is also actively addressing tariff uncertainties and has identified actions to mitigate potential impacts [11][28]. Other Important Information - The company expects a net cost impact of tariffs of about $60 million for 2025, primarily affecting the second half of the year [28]. The financial guidance for 2025 remains unchanged, with net sales estimated between $12.8 billion and $12.9 billion [27]. Q&A Session Summary Question: Can you walk us through the exemption process regarding tariffs? - Management indicated that product exemptions are a smaller part of their mitigation strategy, focusing more on procurement and supply chain optimization [31][32]. Question: What is the tariff exposure split between Electronics Co. and Industrials Co.? - The estimated net exposure for 2025 is evenly split, with about $30 million for each segment, representing around 6% of their COGS [45][46]. Question: How much of the sales in China are under long-term contracts? - Approximately 70% of sales into China are specked-in materials, making it difficult for customers to switch to competitors [60]. Question: What is driving the strong demand in the water business? - Demand is strong across various technologies, particularly reverse osmosis and ion exchange, with expectations for high single-digit growth for the year [65][66]. Question: How does the company view its competitive positioning in the electronics market? - Management feels confident about their competitive position, emphasizing strong customer relationships and the ability to support advanced technologies [107]. Question: What are the expectations for the China market in the second half of the year? - The company anticipates normalization in demand, with flat year-over-year expectations, while still expecting strong global market conditions [75][116].

May 2, 2025 Overview On January 15, 2025, DuPont de Nemours, Inc. ("DuPont", or after the completion of the Intended Electronics Separation, "New DuPont") announced it is targeting November 1, 2025 to complete the intended separation of its Electronics business (the "Intended Electronics Separation") by way of a spin-off transaction, thereby creating a new independent, publicly traded electronics company ("ElectronicsCo"). The Intended Electronics Separation will not require a shareholder vote and is subjec ...

Exhibit 99.1 DuPont Reports First Quarter 2025 Results WILMINGTON, Del., May 2, 2025 - DuPont (NYSE: DD) announced its financial results for the first quarter ended March 31, 2025. (1) (1) Results and cash flows are presented on a continuing operations basis. See pages 6-7 for further information, including the basis of presentation included in this release. (2) Organic sales, operating EBITDA, operating EBITDA margin, adjusted EPS, transaction-adjusted free cash flow and transaction-adjusted free cash flow ...

Core Insights - DuPont reported strong financial performance in Q1 2025, with a 5% increase in net sales to $3.066 billion and a 6% organic sales growth year-over-year [4][8][9] - The company experienced a significant GAAP loss of $548 million, primarily due to a $768 million non-cash goodwill impairment charge related to the Aramids reporting unit [5][8] - Operating EBITDA increased by 16% to $788 million, with an operating EBITDA margin of 25.7%, reflecting volume benefits and restructuring savings [4][6][9] Financial Performance - Net sales for Q1 2025 were $3,066 million, up from $2,931 million in Q1 2024, marking a 5% increase [4][8] - Organic sales growth was 6%, driven by an 8% increase in volume, partially offset by a 2% decrease in price [9] - GAAP loss from continuing operations was $(548) million, compared to income of $183 million in the prior year, representing a 399% decline [4][8] - Adjusted EPS rose by 30% to $1.03, up from $0.79 in Q1 2024 [4][8] Segment Performance - ElectronicsCo segment net sales increased by 14% to $1,118 million, with an operating EBITDA of $373 million, up 26% [14][20] - IndustrialsCo segment net sales were flat at $1,948 million, with a 6% increase in operating EBITDA to $464 million [16][21] - The ElectronicsCo segment saw a 14% organic sales growth, while IndustrialsCo experienced a 2% organic sales growth [9][14] Cash Flow and Guidance - Cash provided by operating activities from continuing operations was $382 million, down 23% from $493 million in Q1 2024 [4][7] - Transaction-adjusted free cash flow was $212 million, a decrease of 26% compared to the previous year [4][7] - The company maintains its full-year 2025 financial guidance, estimating Q2 2025 net sales of approximately $3.2 billion and adjusted EPS of about $1.05 [17][18] Strategic Developments - DuPont is on track for the spin-off of its Electronics business, named Qnity, scheduled for November 1, 2025 [2][25] - The company is actively managing the impact of tariffs through its global manufacturing footprint and flexible supply chain [2][8]

Core Viewpoint - DuPont de Nemours, Inc. is set to report its first-quarter 2025 results on May 2, with expectations of continued growth driven by innovation and acquisitions despite facing pricing headwinds [1][2]. Revenue Estimates - The Zacks Consensus Estimate for DuPont's first-quarter revenues is $3,040 million, reflecting a year-over-year increase of 3.7% [5]. - The Electronics & Industrial segment is expected to generate $1,479.8 million, indicating an 8.4% year-over-year rise, while the Water & Protection unit is projected at $1,293.6 million, suggesting a modest 0.2% increase [5]. Factors Influencing Performance - DuPont is anticipated to benefit from cost and productivity measures, as well as innovation-driven investments in high-growth areas [6]. - The company expects annualized cost savings of $150 million from ongoing restructuring actions [7]. - Recent acquisitions, including Spectrum Plastics Group and Donatelle Plastics, are likely to enhance DuPont's position in the healthcare market [8]. Pricing Challenges - DuPont has faced challenges from weak pricing in the first quarter, which impacted sales and margins, following a trend observed in the fourth quarter of 2024 [9]. Earnings Prediction Model - The current Earnings ESP for DuPont is -0.32%, and it holds a Zacks Rank of 4 (Sell), indicating uncertainty regarding an earnings beat this quarter [10][11].

Matthew Harbaugh named Chief Financial Officer; management team fully staffed ahead of spin-off About DuPont DuPont (NYSE: DD) is a global innovation leader with technology-based materials and solutions that help transform industries and everyday life. Our employees apply diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, construction, water, healthcare and worker safety. More information about the ...