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Jun 30, 2020
DuPont Q2 2020 Earnings Report
Delivered results ahead of expectations amidst the pandemic
Key Takeaways
DuPont reported Q2 2020 results, delivering ahead of expectations despite the ongoing pandemic. Net sales totaled $4.8 billion, down 12 percent, with organic sales down 10 percent. Adjusted EPS was $0.70. The company saw strength in Tyvek® protective garment and water end markets, achieving double digit revenue growth for the second consecutive quarter.
GAAP EPS from continuing operations of $(3.37); adjusted EPS of $0.70
Net Sales of $4.8 billion, down 12 percent; organic sales down 10 percent
GAAP Income (Loss) from continuing operations of $(2.5) billion and Operating EBITDA of $1.1 billion
Operating cash flow of $802 million; $564 million free cash flow in the quarter
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For third quarter, we expect sales to be slightly up sequentially with improvement in automotive and residential construction mostly offset by seasonal patterns in Nutrition & Biosciences as well as the impact of supply constraints across our Tyvek® enterprise as we perform routine maintenance on the assets. Oil & gas, aerospace, industrial, and commercial construction markets will remain challenged. We expect third quarter adjusted EPS in the range of $0.71 - $0.73.
Positive Outlook
- Sales expected to be slightly up sequentially
- Improvement in automotive sector
- Improvement in residential construction
- Expected third quarter adjusted EPS in the range of $0.71 - $0.73
Challenges Ahead
- Seasonal patterns in Nutrition & Biosciences offsetting improvements
- Impact of supply constraints across our Tyvek® enterprise
- Routine maintenance on assets
- Oil & gas markets will remain challenged
Historical Earnings Impact
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Avg. Return Before/After Earnings
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