DuPont de Nemours, Inc. ( (DD) ) has released its Q3 earnings. Here is a breakdown of the information DuPont de Nemours, Inc. presented to its investors.
DuPont de Nemours, Inc., a global leader in technology-driven materials and solutions, operates in industries such as electronics, transportation, construction, water, healthcare, and worker safety, focusing on innovation and essential market advancements.
In its third quarter of 2024 financial results, DuPont reported a 4% increase in net sales, reaching $3.2 billion, with a significant rise in GAAP income from continuing operations, adjusted EPS, and operating EBITDA. The company also raised its full-year guidance for operating EBITDA and adjusted EPS.
Key highlights include a 65% increase in GAAP income from continuing operations and an 82% rise in GAAP EPS from the previous year. Operating EBITDA saw an 11% boost, thanks to volume gains and higher production rates. The Electronics & Industrial segment experienced a 13% surge in net sales, driven by semiconductor technologies and AI-driven demand, while the Water & Protection segment faced a slight decline in net sales due to pricing challenges.
DuPont’s management remains optimistic about future growth, supported by ongoing innovation investments and end-market recoveries, especially in the electronics, water, and medical packaging sectors. The company is progressing with its planned separations of the electronics and water businesses, aiming to enhance shareholder value and drive sustainable growth.
Looking ahead, DuPont anticipates continued financial momentum, projecting net sales of approximately $3.070 billion and operating EBITDA of around $790 million for the fourth quarter, with a focus on overcoming seasonal declines and leveraging recovery in key markets.
