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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.
DuPont
DuPont
DuPont Revenue by Segment
DuPont Revenue by Geographic Location
Revenue by Segment
ElectronicsCo Revenue
CapyFin.comIndustrialsCo Revenue
CapyFin.comRevenue by Geographic Location
U.S. & Canada Revenue
CapyFin.comEMEA Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.comLatin America Revenue
CapyFin.com 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