The earnings call reflects a generally positive sentiment with strong financial performance and growth in key segments like Electronics and Industrial, alongside raised guidance for 2024. However, challenges persist, particularly in the Water & Protection segment and China solar market. The company is making progress on its strategic separations, which is viewed positively.

Company Guidance

During DuPont's third-quarter 2024 earnings call, the company presented robust financial results, highlighting a 4% year-over-year increase in net sales to $3.2 billion, driven by 3% organic sales growth and favorable portfolio impacts. Operating EBITDA rose 11% to $857 million, with margins improving by 150 basis points to 26.8%. Adjusted EPS surged 28% to $1.18, and the company reported a strong free cash flow conversion of 130%. The Electronics and Industrial segment experienced double-digit sales growth, while the Water & Protection segment showed sequential improvement, particularly in water solutions and medical packaging. DuPont raised its full-year guidance for operating EBITDA and adjusted EPS, anticipating continued strong performance bolstered by volume recovery and effective cost management.

Strong Financial Performance

DuPont reported third quarter sales of $3.2 billion, organic sales growth of 3%, and operating EBITDA of $857 million, which increased 11%. Adjusted EPS rose by 28% to $1.18.

Electronics and Industrial Segment Growth

The Electronics and Industrial (E&I) segment saw organic sales growth of 10% with a significant volume increase of 11%, driven by strong demand in advanced node chips and AI technology.

Improved Margins and Cash Flow

Operating EBITDA margin increased by 150 basis points to 26.8%. DuPont also delivered strong cash generation with transaction-adjusted free cash flow conversion of 130%.

Guidance Increase for 2024

DuPont raised its full-year 2024 guidance for operating EBITDA to about $3.125 billion and adjusted EPS to $3.90, reflecting 12% EPS growth year-over-year.

Progress on Separations

DuPont is advancing its plans to separate its electronics and water businesses, with potential completion closer to the earlier end of the 18- to 24-month timeline.

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DuPont de Nemours (DD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 11, 2025	2024 (Q4)	0.98 / -	0.87	―	―	―
Nov 05, 2024	2024 (Q3)	1.03 / 1.18	0.92	28.26% (+0.26)
Jul 31, 2024	2024 (Q2)	0.85 / 0.97	0.85	14.12% (+0.12)
May 01, 2024	2024 (Q1)	0.65 / 0.79	0.84	-5.95% (-0.05)
Feb 06, 2024	2023 (Q4)	0.85 / 0.87	0.89	-2.25% (-0.02)
Nov 01, 2023	2023 (Q3)	0.84 / 0.92	0.82	12.20% (+0.10)
Aug 02, 2023	2023 (Q2)	0.83 / 0.85	0.88	-3.41% (-0.03)
May 02, 2023	2023 (Q1)	0.80 / 0.84	0.82	2.44% (+0.02)
Feb 07, 2023	2022 (Q4)	0.78 / 0.89	1.08	-17.59% (-0.19)
Nov 08, 2022	2022 (Q3)	0.80 / 0.82	1.15	-28.70% (-0.33)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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DD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 05, 2024	$81.48	$85.28	+4.66%
Jul 31, 2024	$79.68	$82.94	+4.09%
May 01, 2024	$71.51	$77.24	+8.01%
Feb 06, 2024	$60.04	$64.49	+7.41%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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