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Mar 31, 2022
DuPont Q1 2022 Earnings Report
DuPont's Q1 2022 financial performance reflected strong sales growth and earnings, driven by pricing actions and volume gains, despite global supply chain challenges and cost inflation.
Key Takeaways
DuPont reported a 9% increase in net sales to $3.3 billion and a GAAP EPS of $0.42. The company's operating EBITDA increased by 2% to $818 million, driven by pricing actions and volume gains that offset higher inflationary costs. DuPont's performance reflects its agility in navigating global supply chain challenges and cost inflation.
Net sales increased 9% to $3.3 billion, with organic sales also up 9% year-over-year.
GAAP EPS from continuing operations was $0.42, while adjusted EPS was $0.82, a 19% increase year-over-year.
Operating EBITDA increased 2% year-over-year to $818 million.
Pricing actions fully offset higher inflationary costs from raw materials, logistics, and energy.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
DuPont anticipates key external uncertainties in the macro environment, namely COVID-related shutdowns in China, will further tighten supply chains resulting in slower volume growth and sequential margin contraction in the second quarter 2022. Based on current expectations, the full year 2022 guidance ranges for operating EBITDA and adjusted EPS on a continuing operations basis remain unchanged, while the estimated full year 2022 net sales range for continuing operations is increased.
Positive Outlook
- End-market demand remains strong.
- Teams have demonstrated the ability to execute in these unprecedented circumstances.
- Full year 2022 guidance ranges for operating EBITDA remain unchanged.
- Full year 2022 guidance ranges for adjusted EPS remain unchanged.
- Estimated full year 2022 net sales range for continuing operations increased.
Challenges Ahead
- Many external uncertainties still exist related to global supply chain challenges.
- Impact of the ongoing war in Ukraine.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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