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DuPont
🇺🇸 NYSE:DD
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Sep 30, 2024

DuPont Q3 2024 Earnings Report

DuPont's Q3 2024 financial performance reflected strong quarterly results with sequential improvement across key financial metrics, driven by innovation investments and demand recovery in electronics, water, and medical packaging end-markets.

Key Takeaways

DuPont reported a 4% increase in net sales to $3.2 billion, with organic sales up 3%. GAAP EPS from continuing operations was $1.13, and adjusted EPS was $1.18. The company raised its full-year 2024 operating EBITDA and adjusted EPS guidance.

Net sales increased by 4%, with organic sales up 3% year-over-year.

GAAP EPS from continuing operations was $1.13, while adjusted EPS reached $1.18.

Operating EBITDA stood at $857 million, with a margin of 26.8%.

Cash provided by operating activities from continuing operations was $737 million, and transaction-adjusted free cash flow was $640 million.

Total Revenue
$3.19B
Previous year: $3.06B
+4.4%
EPS
$1.18
Previous year: $0.92
+28.3%
Operating EBITDA
$857M
Previous year: $775M
+10.6%
Gross Profit
$1.05B
Previous year: $1.36B
-23.3%
Cash and Equivalents
$1.65B
Previous year: $1.34B
+22.9%
Free Cash Flow
$628M
Previous year: $621M
+1.1%
Total Assets
$37.5B
Previous year: $39.1B
-4.3%

DuPont

DuPont

DuPont Revenue by Segment

DuPont Revenue by Geographic Location

Forward Guidance

For Q4 2024, DuPont estimates net sales of approximately $3.070 billion, operating EBITDA of about $790 million, and adjusted EPS of $0.98 per share. For the full year 2024, the company now expects operating EBITDA of about $3.125 billion and adjusted EPS of $3.90 per share, with net sales of approximately $12.365 billion.

Positive Outlook

  • Continued momentum including sales and earnings growth assumptions for both E&I and W&P.
  • Full year operating EBITDA is expected to be about $3.125 billion.
  • Full year adjusted EPS is expected to be about $3.90 per share.
  • Full year net sales are now expected to be about $12.365 billion.
  • Fourth quarter guidance reflects continued momentum including sales and earnings growth assumptions for both E&I and W&P.

Challenges Ahead

  • Fourth quarter guidance assumes normal seasonal declines in electronics and construction markets.
  • The company is unable to predict with reasonable certainty the ultimate outcome of certain future events.
  • These events include, among others, the impact of portfolio changes, including asset sales, mergers, acquisitions, and divestitures; contingent liabilities related to litigation, environmental and indemnifications matters; impairments and discrete tax items.
  • These items are uncertain, depend on various factors, and could have a material impact on U.S. GAAP results for the guidance period.
  • Adverse changes in worldwide economic, political, regulatory, international trade, geopolitical, capital markets and other external conditions.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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