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DuPont's Q4 Earnings and Sales Top Estimates on Higher Volumes
ZACKS· 2025-02-11 14:45
DuPont de Nemours, Inc. (DD) registered a loss from continuing operations of 17 cents per share in the fourth quarter of 2024, compared with a loss of 72 cents per share in the year-ago quarter. Barring one-time items, earnings came in at $1.13 per share in the reported quarter, up from 87 cents a year ago. It topped the Zacks Consensus Estimate of 98 cents.Find the latest earnings estimates and surprises on Zacks Earnings Calendar.DuPont logged net sales of $3,092 million, marking a 7% year-over-year incre ...
DuPont de Nemours (DD) Q4 Earnings and Revenues Surpass Estimates
ZACKS· 2025-02-11 13:15
DuPont de Nemours (DD) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $0.87 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.31%. A quarter ago, it was expected that this specialty chemicals maker would post earnings of $1.04 per share when it actually produced earnings of $1.18, delivering a surprise of 13.46%.Over the last four quar ...
DuPont(DD) - 2024 Q4 - Earnings Call Presentation
2025-02-11 12:28
4Q & Full Year 2024 Financial Results February 11, 2025 Overview On May 22, 2024, DuPont announced a plan to separate each of its Electronics and Water businesses in a tax-free manner to its shareholders, (the "Previously Intended Business Separations"). On January 15, 2025, DuPont announced it is targeting November 1, 2025, for the completion of the intended separation of the Electronics business (the "Intended Electronics Separation"). DuPont also announced that it would retain the Water business. The Int ...
DuPont(DD) - 2024 Q4 - Annual Results
2025-02-11 11:08
Financial Performance - Net sales for Q4 2024 reached $3.1 billion, a 7% increase compared to Q4 2023, driven by an 8% increase in volume[1][3][4] - Full year 2024 net sales totaled $12.4 billion, a 3% increase year-over-year, with organic sales growth of 1%[1][14][17] - Total net sales for the three months ended December 31, 2024, reached $3,092 million, a 6.7% increase from $2,898 million in the same period of 2023[62] - Electronics & Industrial segment net sales for Q4 2024 were $1.5 billion, an 11% increase year-over-year, with a 10% organic sales growth[1][8][10] - Water & Protection segment net sales for Q4 2024 were $1.4 billion, a 6% increase year-over-year, with a 6% organic sales growth[1][12][10] - Net sales attributed to China/Hong Kong for the three months ended December 31, 2024, were $584 million, an increase from $537 million in 2023[63] Earnings and Profitability - GAAP loss from continuing operations improved to $(61) million in Q4 2024, an 80% reduction from $(300) million in Q4 2023[1][4] - Adjusted EPS for Q4 2024 was $1.13, reflecting a 30% increase from $0.87 in Q4 2023[1][4] - GAAP income from continuing operations for the full year 2024 was $778 million, a 46% increase from $533 million in 2023[1][14] - Total net income for 2024 was $738 million, compared to $462 million in 2023, reflecting a 59.5% year-over-year increase[60] - Reported GAAP results for the twelve months ended December 31, 2024, show a net income of $743 million and an EPS of $1.77[78] - Adjusted earnings for 2023 were reported at $1,570 million, with an EPS of $3.48[78] Cash Flow and Debt - Transaction-adjusted free cash flow for Q4 2024 was $455 million, with a cash conversion rate of 96%[1][6][20] - Adjusted free cash flow for the three months ended December 31, 2024, was $403 million, down from $501 million in the same period of 2023[68] - The company reported a significant reduction in long-term debt from $7,800 million in 2023 to $5,323 million in 2024, a decrease of 31.7%[57] - Cash and cash equivalents decreased to $1,850 million in 2024 from $2,392 million in 2023, a decline of 22.7%[57] Operational Metrics - Operating EBITDA for Q4 2024 was $807 million, a 13% increase from $715 million in Q4 2023, with an operating EBITDA margin of 26.1%[1][4][6] - Operating EBITDA margin increased by 50 basis points to 25.1%, despite a decrease in operating EBITDA due to volume decline and higher variable compensation[29] - The total organic sales growth for the Electronics & Industrial segment was 11% for the three months ended December 31, 2024[62] Future Guidance and Strategic Plans - Estimated net sales for Q1 2025 are approximately $3.025 billion, reflecting mid-single digit organic growth and a foreign currency headwind of about 1.5% year-over-year[28] - Full year 2025 net sales guidance is between $12.8 billion and $12.9 billion, with operating EBITDA projected at $3.325 billion to $3.375 billion[28] - Adjusted EPS for Q1 2025 is estimated at approximately $0.95 per share, with full year 2025 adjusted EPS guidance between $4.30 and $4.40[28] - The company expects to separate its Electronics business by November 1, 2025, focusing on high-growth opportunities in Water and Healthcare[1][6] - DuPont plans to separate its Electronics and Water businesses, targeting completion of the Electronics separation by November 1, 2025[33] Costs and Charges - The company incurred acquisition, integration, and separation costs of $117 million in Q4 2024, up from $5 million in Q4 2023[56] - Total significant items for 2024 amounted to a pretax loss of $488 million, impacting net income by $524 million, resulting in an adjusted earnings of $1,712 million[78] - Acquisition, integration, and separation costs for 2024 were $168 million pretax, affecting net income by $144 million[78] - Restructuring and asset-related charges for 2024 totaled $87 million pretax, impacting net income by $65 million[78] - The amortization of intangibles for 2024 was $595 million, affecting net income by $460 million[78] Research and Development - Research and development expenses increased to $138 million in Q4 2024 from $128 million in Q4 2023, indicating a focus on innovation[56] Shareholder Information - The weighted-average common shares outstanding decreased from 430.3 million in Q4 2023 to 418.3 million in Q4 2024, reflecting a reduction in share count[56] - The Intended Electronics Separation will not require a shareholder vote and is subject to customary conditions, including final board approval and regulatory approvals[33]
DuPont Reports Fourth Quarter and Full Year 2024 Results; Initiates 2025 Financial Guidance
Prnewswire· 2025-02-11 11:00
Fourth Quarter 2024 Highlights Net Sales of $3.1 billion increased 7%; organic sales increased 7% versus year-ago period GAAP Loss from continuing operations of $(61) million, operating EBITDA of $807 million GAAP EPS from continuing operations of $(0.17); adjusted EPS of $1.13 Cash provided by operating activities from continuing operations of $564 million; transaction-adjusted free cash flow of $455 million Full Year 2024 Highlights Net Sales of $12.4 billion increased 3%; organic sales increased 1% ve ...
Seeking Clues to DuPont de Nemours (DD) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
ZACKS· 2025-02-06 15:21
The upcoming report from DuPont de Nemours (DD) is expected to reveal quarterly earnings of $0.98 per share, indicating an increase of 12.6% compared to the year-ago period. Analysts forecast revenues of $3.07 billion, representing an increase of 5.8% year over year.The consensus EPS estimate for the quarter has been revised 3.5% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Befo ...
DuPont Warms Up to Q4 Earnings: What's in the Offing for the Stock?
ZACKS· 2025-02-06 13:21
DuPont de Nemours, Inc. (DD) is scheduled to come up with fourth-quarter 2024 results, before the opening bell on Feb. 11.See the Zacks Earnings Calendar to stay ahead of market-making news.The company surpassed the Zacks Consensus Estimate in each of the trailing four quarters. In this timeframe, it delivered an earnings surprise of roughly 12.9%, on average. DD posted an earnings surprise of roughly 13.5% in the last reported quarter.DuPont is expected to have benefited from its innovation-driven investme ...
DuPont de Nemours (DD) Reports Next Week: Wall Street Expects Earnings Growth
ZACKS· 2025-02-04 16:05
DuPont de Nemours (DD) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Febr ...
DuPont Water Solutions Awarded 2025 BIG Innovation Award from Business Intelligence Group
Prnewswire· 2025-01-30 14:00
Award celebrates advancements in water purification and reuse technologies and launch of digital Water Solutions Sustainability Navigator WILMINGTON, Del., Jan. 30, 2025 /PRNewswire/ -- DuPont Water Solutions received a 2025 BIG Innovation Award from the Business Intelligence Group for its technology advancements to more sustainably purify, conserve and reuse water. Judges also highlighted the value of the Water Solutions Sustainability Navigator, a new digital tool created by DuPont to help water producers ...
DuPont Announces 2nd Annual Tyvek® Sustainable Healthcare Packaging Awards Program
Prnewswire· 2025-01-29 14:00
Awards program recognizing excellence in healthcare packaging initiatives that utilize Tyvek® to help drive and promote continued sustainable innovation WILMINGTON, Del., Jan. 29, 2025 /PRNewswire/ -- DuPont (NYSE: DD) today announced that it is accepting nominations for the 2nd annual global Tyvek® Sustainable Healthcare Packaging Awards program. The awards program is designed to recognize companies and organizations across the healthcare industry who are embracing and driving sustainability throughout the ...