DuPont Reports Second Quarter 2025 Results

Core Insights - DuPont reported a strong second quarter for 2025, with year-over-year organic sales growth and margin expansion in its ElectronicsCo and IndustrialsCo segments, leading to a 15% increase in adjusted EPS [2][3][6] - The company is on track for the spin-off of its electronics business, Qnity™, scheduled for November 1, 2025, and has raised its full-year earnings guidance due to strong performance [2][19][12] Financial Performance - Net sales for Q2 2025 reached $3,257 million, a 3% increase from $3,171 million in Q2 2024, with organic sales growing by 2% [3][6] - GAAP income from continuing operations was $238 million, up 35% from $176 million in the same quarter last year [3][4] - Operating EBITDA increased to $859 million, an 8% rise from $798 million in Q2 2024, with an operating EBITDA margin of 26.4%, up 120 basis points [3][5] Segment Performance - ElectronicsCo net sales were $1,170 million, a 6% increase year-over-year, with operating EBITDA of $373 million, reflecting a 14% growth [10][15] - IndustrialsCo net sales were $2,087 million, a 1% increase, with operating EBITDA of $509 million, a 3% rise [11][16] - Organic sales growth in ElectronicsCo was 6%, while IndustrialsCo saw 1% organic sales growth [7][11] Cash Flow and Guidance - Cash provided by operating activities from continuing operations was $381 million, with transaction-adjusted free cash flow of $433 million, reflecting a 93% conversion rate [8][6] - The company raised its full-year 2025 guidance, now estimating net sales of approximately $12,850 million and adjusted EPS of around $4.40, incorporating the impact of tariffs [12][13] Geographic Performance - Organic sales growth was strongest in the Asia Pacific region at 4%, followed by 2% in EMEA and 1% in the U.S. & Canada [7][44] - Net sales attributed to China/Hong Kong for Q2 2025 were $603 million, slightly down from $614 million in Q2 2024 [44]