UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-38196 DUPONT DE NEMOURS, INC. (Exact name of registrant as specified in its charter) Delaware 81-1224539 State or other jurisdiction of incorporation or organization (I.R.S. ...

DuPont de Nemours (DD) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.12%. A quarter ago, it was expected that this specialty chemicals maker would post earnings of $0.65 per share when it actually produced earnings of $0.79, delivering a surprise of 21.54%.Over the last four quar ...

Financial Performance - Net sales increased 2% to $3.2 billion, with organic sales flat year-over-year[2][4] - GAAP income from continuing operations decreased 35% to $176 million, while operating EBITDA increased 8% to $798 million[2][4] - Adjusted EPS increased 14% to $0.97, driven by higher segment earnings and a lower share count[2][7] - Cash provided by operating activities from continuing operations increased 32% to $527 million, with adjusted free cash flow up 53% to $425 million[2][8] - Net sales for Q2 2024 were $3.171 billion, a 2.5% increase compared to $3.094 billion in Q2 2023[37] - Net income for Q2 2024 was $185 million, a significant improvement from a net loss of $117 million in Q2 2023[37] - Cash provided by operating activities for the first six months of 2024 was $1.020 billion, a 26.7% increase compared to $805 million in the same period of 2023[42] - Adjusted free cash flow for Q2 2024 was $425 million, a 53% increase from $277 million in Q2 2023[49] - Adjusted earnings (non-GAAP) for Q2 2024 were $408 million, compared to $391 million in Q2 2023[49] - Reported earnings (GAAP) for Q2 2023 were $356 million in pretax income, $255 million in net income, and $0.55 EPS[51] - Adjusted earnings (non-GAAP) for Q2 2023 were $528 million in pretax income, $391 million in net income, and $0.85 EPS[51] - Reported earnings (GAAP) for the six months ended June 30, 2024 were $563 million in pretax income, $344 million in net income, and $0.82 EPS[52] - Adjusted earnings (non-GAAP) for the six months ended June 30, 2024 were $1,037 million in pretax income, $742 million in net income, and $1.76 EPS[52] - Reported earnings (GAAP) for the six months ended June 30, 2023 were $712 million in pretax income, $520 million in net income, and $1.13 EPS[53] - Adjusted earnings (non-GAAP) for the six months ended June 30, 2023 were $1,043 million in pretax income, $779 million in net income, and $1.69 EPS[53] Segment Performance - Electronics & Industrial segment net sales increased 15% to $1.508 billion, with organic sales growth of 8%[9] - Water & Protection segment net sales decreased 7% to $1.391 billion, with organic sales decline of 6%[12][13] - Net sales for the Electronics & Industrial segment increased to $1.508 billion in Q2 2024, up 15% from $1.312 billion in Q2 2023[43] - Operating EBITDA for the Electronics & Industrial segment rose to $419 million in Q2 2024, up 20% from $349 million in Q2 2023[47] - Net sales in the U.S. & Canada region grew to $1.127 billion in Q2 2024, an 8% increase from $1.045 billion in Q2 2023[43] - The Asia Pacific region contributed $1.368 billion in net sales for Q2 2024, a 1% increase from $1.350 billion in Q2 2023[43] Cash Flow and Liquidity - Cash and cash equivalents decreased to $1.503 billion as of June 30, 2024, down from $2.392 billion at the end of 2023[40] - Long-term debt decreased to $7.168 billion as of June 30, 2024, compared to $7.800 billion at the end of 2023[40] - Capital expenditures for the first six months of 2024 were $309 million, a 12.9% decrease compared to $355 million in the same period of 2023[42] - Adjusted free cash flow conversion for Q2 2024 was 104%, compared to 71% in Q2 2023[49] Non-GAAP Financial Measures - The Company defines Operating EBITDA as earnings before interest, depreciation, amortization, non-operating pension/OPEB benefits/charges, and foreign exchange gains/losses, excluding Future Reimbursable Indirect Costs, and adjusted for significant items[30] - Operating EBITDA Margin is defined as Operating EBITDA divided by Net Sales[30] - Incremental Margin is the change in Operating EBITDA divided by the change in Net Sales for the applicable period[30] - Adjusted Free Cash Flow is defined as cash provided by/used for operating activities from continuing operations less capital expenditures and excluding the impact of cash inflows/outflows that are unusual in nature and/or infrequent in occurrence[32] - Adjusted Free Cash Flow Conversion is defined as Adjusted Free Cash Flow divided by Adjusted Earnings[33] - Organic Sales is defined as net sales excluding the impacts of currency and portfolio[31] - Significant items are items that arise outside the ordinary course of the Company's business that management believes may cause misinterpretation of underlying business performance[31] - Adjusted Earnings is defined as income from continuing operations excluding the after-tax impact of significant items, after-tax impact of amortization expense of intangibles, the after-tax impact of non-operating pension/OPEB credits/costs and Future Reimbursable Indirect Costs[29] - The Company has not provided forward-looking U.S. GAAP financial measures or a reconciliation of forward-looking non-GAAP financial measures to the most comparable U.S. GAAP financial measures on a forward-looking basis[27] - The company will introduce supplemental non-GAAP financial measures, including Transaction Adjusted Free Cash Flow, starting in Q3 2024[34] - Transaction Adjusted Free Cash Flow is defined as cash from operating activities minus capital expenditures and transaction costs related to business separations[35] - Transaction Adjusted Free Cash Flow Conversion is calculated as Adjusted Free Cash Flow (excluding transaction costs) divided by Adjusted Earnings[35] Significant Items and Adjustments - Significant items impacting Q2 2024 results included a $74 million loss on debt extinguishment and a $39 million interest rate swap mark-to-market loss[50] - Total significant items impacting Q2 2023 results were $22 million in pretax income, $18 million in net income, and $0.04 EPS[51] - Total significant items impacting the six months ended June 30, 2024 were $184 million in pretax income, $175 million in net income, and $0.42 EPS[52] - Total significant items impacting the six months ended June 30, 2023 were $30 million in pretax income, $24 million in net income, and $0.05 EPS[53] - Amortization of intangibles for the six months ended June 30, 2024 was $300 million in pretax income, $231 million in net income, and $0.54 EPS[52] Strategic Initiatives - The company completed the acquisition of Donatelle, expanding healthcare offerings in medical device markets[3] - The company plans to separate its Electronics and Water businesses into three distinct publicly traded companies within 18-24 months[23] - Management estimates amortization expense in 2024 associated with intangibles to be about $600 million on a pre-tax basis, or approximately $1.08 per share[29] Share Count and Equity - Weighted-average common shares outstanding decreased to 417.8 million (basic) and 419.3 million (diluted) in Q2 2024, compared to 459.2 million and 460.3 million respectively in Q2 2023[38] - Total equity earnings included in operating EBITDA were $23 million in Q2 2024, up from $14 million in Q2 2023[48] Full-Year Guidance - Full-year 2024 guidance raised: net sales expected to be $12.4-$12.5 billion, operating EBITDA $3.06-$3.11 billion, and adjusted EPS $3.70-$3.80[15]

Net Sales of $3.2 billion increased 2%; organic sales flat versus year-ago periodGAAP Income from continuing operations of $176 million; operating EBITDA of $798 millionGAAP EPS from continuing operations of $0.40; adjusted EPS of $0.97Cash provided by operating activities from continuing operations of $527 million; adjusted free cash flow of $425 millionRaises full year 2024 guidance for net sales, operating EBITDA and adjusted EPSWILMINGTON, Del., July 31, 2024 /PRNewswire/ -- DuPont (NYSE: DD) announced ...

Analysts on Wall Street project that DuPont de Nemours (DD) will announce quarterly earnings of $0.85 per share in its forthcoming report, representing no change year over year. Revenues are projected to reach $3.04 billion, declining 1.9% from the same quarter last year.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Prior to a compan ...

WILMINGTON, Del., July 29, 2024 /PRNewswire/ -- DuPont (NYSE: DD) today announced that it has completed the previously announced acquisition of Donatelle Plastics ("Donatelle"), a leading medical device company specializing in medical components and devices."I'm pleased to welcome the talented Donatelle colleagues to DuPont," said Jon Kemp, President, DuPont Electronics & Industrial (E&I). "We're excited to add Donatelle's best-in-class advanced injection molding manufacturing capabilities, and decades-long ...

DuPont de Nemours, Inc. (DD) is scheduled to come up with second-quarter 2024 results, before the opening bell on Jul 31.The company surpassed the Zacks Consensus Estimate in each of the trailing four quarters. In this timeframe, it delivered an earnings surprise of roughly 9%, on average. It posted an earnings surprise of roughly 21.5% in the last reported quarter.DuPont is expected to have benefited from its innovation-driven investment and productivity actions in the second quarter. However, its results ...

Smart fabric stocks include firms that manufacture and market textiles. These textiles are embedded with such components as sensors, actuators, and electronic textiles. These textiles have many uses which include in health monitoring, sports and fitness, fashion, and even in the military. The production of smart textiles for use in health is an area that is presently experiencing a lot of growth. These fabrics are embedded with sensors that are useful in tracking the vital signs of an individual. This is us ...

DuPont de Nemours Inc. (DD) announced that its Tyvek production facility at the Spruance manufacturing plant in Richmond has achieved certification from the International Sustainability and Carbon Certification (ISCC PLUS). The Spruance site is the second DuPont location to obtain ISCC certification, following the Luxembourg manufacturing plant in November 2023. This achievement illustrates DuPont's commitment to advancing its sustainability goals and developing capabilities to deliver Tyvek products derive ...

DuPont de Nemours, Inc. (DD) is expected to benefit from its innovation-driven investment, productivity actions and the acquisition of the Spectrum Plastics Group. However, it faces headwinds from certain challenges including weaker demand in specific businesses.The company’s shares are up 13% over a year against a 10.8% decline of its industry. Image Source: Zacks Investment ResearchLet’s find out why this Zacks Rank #3 (Hold) stock is worth retaining at the moment. DD Gains on Productivity, Innovation & S ...