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Mar 31, 2024
DuPont Q1 2024 Earnings Report
DuPont's Q1 2024 financial performance exceeded expectations, driven by strong volumes and operational execution.
Key Takeaways
DuPont reported a decrease in net sales by 3% to $2.9 billion, with a 6% organic sales decline. However, the company's financial results exceeded expectations due to better-than-expected volumes and a focus on operational execution and cost discipline. The electronics market showed continued recovery, particularly in Semiconductor Technologies and Interconnect Solutions. DuPont raised its full-year 2024 guidance for net sales, operating EBITDA, and adjusted EPS.
Net sales decreased 3% to $2.9 billion; organic sales decreased 6% year-over-year.
GAAP Income from continuing operations was $183 million; operating EBITDA was $682 million.
GAAP EPS from continuing operations was $0.41; adjusted EPS was $0.79.
Cash provided by operating activities from continuing operations was $493 million; adjusted free cash flow was $286 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
DuPont is raising its financial guidance for the year for net sales, operating EBITDA and adjusted EPS.
Positive Outlook
- Expect sequential sales and earnings improvement.
- Driven by favorable seasonality.
- Driven by continued electronics recovery.
- Driven by reduced channel inventory destocking in industrial-based end-markets including water and medical packaging.
- Year-over-year sales and earnings growth assumed in the second half of 2024 is expected to be driven by further electronics market recovery and a return to volume growth in W&P.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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