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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.
Revenue by Segment
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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