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DD Adds Sterile Packaging Capacity at Costa Rica Manufacturing Plant
ZACKSยท 2025-06-09 16:36
Core Insights - DuPont de Nemours, Inc. (DD) is expanding its sterile packaging operations at its Heredia, Costa Rica plant to better serve the global medical device industry and enhance its medical tubing operations [1][7] - The expansion includes an additional 16,000 square feet and new extrusion equipment, enabling 24/7 production to meet customer demand [2][7] - This marks the first production of sterile healthcare packaging in Costa Rica and the Caribbean, positioning DD as a leader in this market [2][7] Financial Outlook - For Q2 2025, DD projects net sales of approximately $3.2 billion, operating EBITDA of around $815 million, and adjusted earnings per share of about $1.05, reflecting a seasonal increase in sales [5] - The anticipated rise in sales is more subdued than previously expected due to timing shifts in the Semiconductor Technologies business [5] Market Performance - DD's stock has declined by 13% over the past year, while the industry has seen a larger decline of 24.7% [3]