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DuPont Innovation Awards Recognize the Best PPE and Fabrics Against Emerging Risks
BusinessLine· 2025-11-20 09:23
DÜSSELDORF, Germany, Nov. 18, 2025 /PRNewswire/ -- DuPont (NYSE: DD) today announced the winners of its 2025 DuPont Innovation Awards for Thermal and Mechanical Protection, recognizing some of the most exciting developments in the personal protective equipment (PPE) and Emergency Response industries. This year marks the first global edition of the awards — open to new products made using either Nomex® or Kevlar® fabrics or fibers. The expanded scope of the awards, recently held at the A+A show in Düsseldorf ...
DuPont Announces Agreement to Divest Aramids Business to Arclin
Prnewswire· 2025-08-29 10:55
Core Viewpoint - DuPont has announced a definitive agreement for Arclin to acquire its Aramids business, which includes Kevlar® and Nomex®, in a transaction valued at approximately $1.8 billion [1][3][4]. Transaction Details - The transaction is expected to close in the first quarter of 2026, pending customary closing conditions and regulatory approval [2]. - Upon closing, DuPont will receive pre-tax cash proceeds of approximately $1.2 billion, a note receivable of $300 million, and a non-controlling common equity interest in Arclin valued at $325 million, representing an estimated 17.5% stake [3]. Strategic Implications - The divestiture is part of DuPont's strategy to optimize its portfolio, enhancing its focus and improving growth and margin profiles [4][7]. - DuPont aims to redeploy the significant cash proceeds from the transaction to drive further value creation for shareholders [4]. Arclin's Perspective - Arclin's acquisition of the Aramids business is expected to enhance its scale, global reach, and application development capabilities, allowing for impactful solutions and products [6]. - The Aramids business generated net sales of $1.3 billion in 2024 and is recognized as the largest global producer of high-performance synthetic fibers [6]. Financial Advisors - Centerview Partners and Goldman Sachs & Co. LLC are serving as financial advisors to DuPont, while Piper Sandler & Company is advising TJC/Arclin [7].
DuPont Reports First Quarter 2025 Results
Prnewswire· 2025-05-02 10:00
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]
DuPont™ Kevlar® EXO™ Named Edison Award Finalist in the Critical Safety Materials Advancement category
Prnewswire· 2025-03-05 14:00
Core Insights - DuPont's Kevlar® EXO™ has been recognized as a finalist for the Edison Awards in the Critical Safety Materials Advancement category, highlighting its innovative approach to ballistic protection [1][3]. Company Overview - DuPont is a global leader in technology-based materials and solutions, focusing on transforming industries and everyday life through diverse scientific expertise [7]. - The company operates in key markets including electronics, transportation, construction, water, healthcare, and worker safety [7]. Product Innovation - Kevlar® EXO™ offers enhanced ballistic protection while maintaining mobility and comfort for military and law enforcement personnel, addressing real-world challenges in protective equipment [2][3]. - The material is designed to be strong, comfortable, flexible, and lightweight, making it suitable for demanding environments such as law enforcement, military operations, and space exploration [3]. Recognition and Awards - The Edison Awards recognize excellence in new product and service development, with this year's finalists selected from thousands of submissions based on concept, value, and impact [4][8]. - The winners of the Edison Awards will be announced at a gala event on April 3, 2025, in Fort Myers, Florida [4].