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Sep 30, 2020
DuPont Q3 2020 Earnings Report
DuPont's financial performance declined due to the impact of the global pandemic, though strong performance was seen in Electronics & Imaging.
Key Takeaways
DuPont reported a decrease in net sales and earnings per share (EPS) for the third quarter of 2020 compared to the previous year. Net sales totaled $5.1 billion, down 6 percent, and GAAP EPS from continuing operations was $(0.11). However, the company achieved $1.3 billion in operating cash flow and $1.1 billion in free cash flow.
Net sales decreased by 6 percent to $5.1 billion, with organic sales also down 6 percent.
GAAP EPS from continuing operations was $(0.11), while adjusted EPS was $0.88.
Operating EBITDA was $1.3 billion, a decrease of 7 percent compared to the prior year.
The company generated $1.3 billion in operating cash flow and $1.1 billion in free cash flow.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
DuPont anticipates a fourth quarter underscored by additional cash generation and operating leverage across its core segments driven by additional cost savings. The company expects to deliver full-year 2020 adjusted EPS in the range of $3.17 to $3.21 on net sales of $20.1 billion to $20.2 billion.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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