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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].