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Jun 30, 2024
DuPont Q2 2024 Earnings Report
DuPont's Q2 2024 results reflected positive momentum from electronics market recovery and sequential improvement in W&P, with a 14% year-over-year increase in adjusted earnings per share.
Key Takeaways
DuPont reported Q2 2024 net sales of $3.2 billion, a 2% increase year-over-year. The company's adjusted EPS was $0.97, up 14% from the previous year. DuPont is raising its full year 2024 guidance for net sales, operating EBITDA and adjusted EPS.
Net sales increased by 2% to $3.2 billion, with organic sales flat compared to the prior year.
GAAP EPS from continuing operations was $0.40, while adjusted EPS reached $0.97.
Operating EBITDA totaled $798 million, reflecting an 8% increase.
Cash provided by operating activities from continuing operations was $527 million, with adjusted free cash flow at $425 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 full year 2024 financial guidance for net sales, operating EBITDA, and adjusted EPS. The company estimates net sales of about $12.45 billion, operating EBITDA of about $3.085 billion and adjusted EPS of $3.75 per share.
Positive Outlook
- Return to year-over-year organic sales growth expected in Q3 2024.
- Sales and earnings growth expected from W&P beginning in Q4 2024.
- Raising full year 2024 guidance for net sales.
- Raising full year 2024 guidance for operating EBITDA.
- Raising full year 2024 guidance for adjusted EPS.
Challenges Ahead
- Uncertainty of the expected financial performance of DuPont or the separated companies following completion of the separation transactions
- Negative effects of the announcement or pendency of the separation transactions on the market price of DuPont’s securities and/or on the financial performance of DuPont
- Adverse changes in worldwide economic, political, regulatory, international trade, geopolitical, capital markets and other external conditions
- Risks associated with demand and market conditions in the semiconductor industry and associated end markets, including from continuing or expanding trade disputes or restrictions, including on exports to China of U.S.-regulated products and technology
- Other risks to DuPont's business and operations, including the risk of impairment
Revenue & Expenses
Visualization of income flow from segment revenue to net income