Loading...
•
Mar 31, 2021
DuPont Q1 2021 Earnings Report
DuPont's Q1 2021 performance was marked by strong sales growth and strategic advancements.
Key Takeaways
DuPont reported strong first-quarter results, exceeding expectations with organic sales growth across all segments. The company benefited from leading positions in key end-markets and advanced its strategic priorities through business separations, acquisitions, and share repurchases.
GAAP EPS from continuing operations was $0.89; adjusted EPS was $0.91.
Net Sales reached $4.0 billion, up 8 percent, with organic sales up 7 percent year-over-year.
Operating EBITDA increased to $1.05 billion, a 15 percent rise compared to the previous year.
Approximately $660 million of capital was returned to shareholders through share repurchases and dividends.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
DuPont raised its full year 2021 guidance for net sales, operating EBITDA and adjusted EPS.
Positive Outlook
- Net sales are estimated to be between $15.7 billion and $15.9 billion.
- Operating EBITDA is projected to be between $3.98 billion and $4.08 billion.
- Adjusted EPS is expected to be in the range of $3.60 to $3.75 per share.
- Second quarter net sales are estimated between $3.925 billion and $4.025 billion.
- Second quarter operating EBITDA is expected between $990 million and $1.010 million.
Challenges Ahead
- Similar top-line trends are expected to continue from the first quarter into the second quarter.
- Slight escalation in raw materials and logistics costs is anticipated.
- Global supply constraints in key raw materials resulted in low-single digit volume declines in Engineering Polymers.
- Working capital headwinds of about $300 million led by higher accounts receivable balances on increased sales.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...