DuPont continued to advance its objective of creating significant value for its shareholders through the completion of a number of critical milestones in the intended merger between DuPont Nutrition & Biosciences and IFF. “For third quarter, we expect sales to be slightly up sequentially with improvement in automotive and residential construction mostly offset by seasonal patterns in Nutrition & Biosciences as well as the impact of supply constraints across our Tyvek® enterprise as we perform routine maintenance on the assets. Strong volume gains in Semiconductor Technologies more than offset weaker demand in Interconnect Solutions and Image Solutions. DuPont De Nemours revenue for the twelve months ending September 30, 2020 was … ����O (���2 ��P�� DuPont revenue breakdown by business segment: 8.0% from Non-Core, 16.5% from Electronics and Imaging, 24.2% from Safety and Construction, 28.2% from Nutrition and Biosciences and 23.0% from Transportation and Industrial. DuPont de Nemours, Inc. Consolidated Statement of Cash Flows. DuPont 3Q 2020 Earnings. Published by M. Garside, Mar 6, 2020 In 2019, the electronics and imaging segment of DuPont generated a total revenue of around 3.55 billion U.S. dollars. First Quarter and Full Year 2020 Outlook “For this year, we expect full year sales between $21.5 and $22.0 billion resulting in organic sales which are slightly up versus prior year,” said Jeanmarie Desmond, Chief Financial Officer of DuPont. “Our business teams, customers, and partners see tremendous opportunity for growth and greater innovation as the businesses come together. Operating EBITDA for the segment was $49 million, a decrease of 86 percent from operating EBITDA of $357 million in the year-ago period, driven primarily by charges of approximately $130 million associated with temporarily idling approximately 50 percent of our polymer capacity to align supply with demand. November and December 2020 returns have been extended to be due on February 22nd for qualified businesses. Operating Activities. DuPont de Nemours, Inc. Consolidated Statement of Cash Flows. Contributor. The September 2019 divestiture of the DuPont Sustainable Solutions business reduced sales by 9 percent. DuPont (DD) Beats Q2 Earnings and Revenue Estimates. DuPont revenue breakdown by geographic segment: 37.7% from Asia Pacific, 23.4% from EMEA, 5.8% from Latin America, 31.1% from United States and 2.0% from Other The revenue of chemical company DuPont generated some 21.5 billion U.S. dollars of revenue in 2019. DuPont Reports Second Quarter 2020 Results, Military, Law Enforcement & Emergency Response, 2Q20 GAAP EPS from continuing operations of $(3.37); adjusted EPS of $0.70, 2Q20 Net Sales of $4.8 billion, down 12 percent; organic sales down 10 percent, 2Q20 GAAP Income (Loss) from continuing operations of $(2.5) billion and Operating EBITDA of $1.1 billion, Operating cash flow of $802 million; $564 million free cash flow in the quarter, Global slowdown in automotive industry from the impact of COVID-19 resulted in $2.5 billion non-cash impairment charge in Transportation & Industrial segment in the quarter, Advanced intended separation of Nutrition & Biosciences business in preparation for intended merger with IFF in 1Q 2021; IFF shareholder vote set for August 27, 2020. “Each of these accomplishments represents critical milestones to create a market-leading company and to generate significant value for our shareholders,” Breen continued. Operating Activities. Soft volume in trichlorosilane, Tedlar® aircraft films, photovoltaic metallization pastes, and Sorona® materials for carpet and apparel applications were partially offset by volume gains in microcircuit paste materials. Safety & Construction reported net sales of $1.2 billion, down 7 percent from the year-ago period. �8� ���ikc 8���7��E�#�y�z���X���8�QS�� \ŐzRe��R�@g����cb� ۃ0��� �;�`l����� �� ��`��� �@CQ��2�SN �v40����i"��/�_�fS��LW��3>?+ʶ�?�]�ˆ_�1��Z�Me��~�a`cma ��� � )�C�
DuPont expects adjusted earnings per share for full-year 2020 in the band of $3.17-$3.21. ��u�=��.��C6{�d�rX�DkZ{��ȼ/�%>dŸ���z�Uus�V �h���=���}��4�r������� :H���uu� ~H��(�
�bE4$ Net sales totaled $4.8 billion, down 12 percent versus the year-ago period. Currency was a 1 percent headwind. Earnings Release (opens in new window) (PDF 386 KB) The merger has been reported to be worth an estimated $130 billion. ET. Earnings Release (opens in … Non-Core reported net sales of $308 million, down 30 percent from the year-ago period. • Executive committee named - Also in May, DuPont and IFF announced the executive committee of the future combined company, which will include key senior leaders from DuPont Nutrition & Biosciences and IFF. endstream
endobj
5263 0 obj
<>/Metadata 90 0 R/Pages 5260 0 R/StructTreeRoot 112 0 R/Type/Catalog/ViewerPreferences 5279 0 R>>
endobj
5264 0 obj
<>/MediaBox[0 0 612 792]/Parent 5260 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>>
endobj
5265 0 obj
<>stream
Add to Apple Calendar (opens in new window) Add to Google Calendar (opens in new window) Add to Microsoft Outlook (opens in new window) Add to iCalendar (opens in new window) Webcast. 2020 adjusted earnings per share guidance of $3.70 to $3.90 reflecting headwinds from prior year discrete benefits and nylon market pressures DuPont (NYSE: DD) today announced financial results for the fourth quarter and full year 2019. �+1� :�V����u�-��(��B$jh�,N�0��C�}�c8� Organic sales were up 1 percent with volume up 1 percent; price was flat. G�}��/ endstream
endobj
5266 0 obj
<>stream
DuPont revenue breakdown by geographic segment: 37.7% from Asia Pacific, 23.4% from EMEA, 5.8% from Latin America, 31.1% from United States and 2.0% from Other DuPont has 35,000 employees across 179 locations and $21.51 B in annual revenue in FY 2019. �$��H���U�C�*�pf ����Ut�[����Q�8R�$N�a�I"�X��p֠���� �w��$��y����E��4�W?����ޕ�&��͘p��m=}��|�7is�ql�˔��1���hH�8[?d��(��M����cC��t�[�+�
���&R�iY4���S|�MlD0e0" ƻt��"�����}_n�����"���ct֤y�k���|�ʊ5Q�ަOmB��7~�'�[�90�*�6eE��'+4�b8Cm�*���$�B���t���� %PDF-1.7
%����
Operating Activities. Operating EBITDA for the segment was $277 million, an increase of 13 percent from operating EBITDA of $246 million in the year-ago period, driven primarily by volume gains in Semiconductor Technologies and cost productivity actions. 5278 0 obj
<>/Filter/FlateDecode/ID[<53CD6350862C1148A73F8071520D6F31>]/Index[5262 36]/Info 5261 0 R/Length 90/Prev 394886/Root 5263 0 R/Size 5298/Type/XRef/W[1 3 1]>>stream
In 2019, these two businesses accounted for approximately 15 percent of the Nutrition & Biosciences segment. Operating Activities DuPont revenue was $21.51 b in FY, 2019 which is a 75% year over year decrease from the previous period. DuPont (DD) faced challenges from weak automotive markets and lower nylon prices in Q4. ET. =c���>('��.�(2p�d���h� ��Zy
First Quarter 2020 Results Net sales totaled $5.2 billion, down 4 percent versus the year-ago period. These areas of strength within Health & Biosciences were more than offset by significant demand weakness in biorefinery and microbial control. 5297 0 obj
<>stream
“Our businesses are well-equipped to build upon their leading market positions and outperform when markets fully recover.”. Zacks Rank DuPont Net income (Q3, 2020)-72 M. DuPont Cash, 30-Sept-2020 4 B. DuPont EV 68.9 B. DuPont Revenue. I am proud of our team’s focus on execution, and I am confident in the actions we have taken to mitigate the impact of this pandemic. DuPont Q2 2020 Earnings Call Jul 30, 2020, 8:00 a.m. DuPont's (DD) adjusted earnings of 70 cents per share for Q2 beat the Zacks Consensus Estimate of 59 cents. Net (loss) income $ (3,081) $ 35. Sales gains were led by Food & Beverage on volume gains in the plant-based meat category and price improvements across the F&B portfolio, as well as Pharma Solutions which recorded its strongest sales quarter ever on increased demand in over-the-counter and prescription pharma applications. Adjustments to reconcile net (loss) income to net cash provided by operating activities: Depreciation and … DuPont (DD) Beats Q2 Earnings and Revenue Estimates - July 30, 2020 - Zacks.com Operating EBITDA for the segment was $418 million, an increase of 8 percent from operating EBITDA of $386 million in the year-ago period. Additionally, sustained consumer demand drove growth in animal nutrition and home & personal care applications. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. DuPont (DD) Misses Earnings and Revenue Estimates in Q4 - January 30, 2020 - Zacks.com Transportation & Industrial reported net sales of $832 million, down 34 percent from the year-ago period. Embed Graph. A replay of the webcast also will be available on the DuPont’s Investor Relations Events and Presentations page following the live event. DuPont (DD) Misses Earnings and Revenue Estimates in Q4 - January 30, 2020 - Zacks.com For 2019, the company’s revenue slipped 4.8% to $21.5 billion, while net income fell 85% to $600 million, according to a DuPont regulatory filing … Additionally, we saw continued strength in Tyvek® protective garment and water end markets, achieving double digit revenue growth for the second consecutive quarter. In millions (Unaudited) Six Months Ended June 30, 2020. Demand for Tyvek® protective garments continued to be robust, leading to a greater than 60 percent increase in garment sales versus last year which was enabled by efforts to increase capacity and redirect supply from non-personal protection markets. DuPont Revenue & Cost Synergy Capture 4Q 2019 1H 2020 2H 2020 1Q 2021 Post Close (1) Pending regulatory approval and customary closing conditions. 1,546. “In the midst of the ongoing pandemic we delivered results ahead of expectations, while also continuing our emphasis on the safety and well-being of our employees and the needs of our customers,” said Ed Breen, DuPont Executive Chairman and Chief Executive Officer. Net sales for the year are forecast to be between $20.1 billion and $20.2 billion. ;G#Q�(,��+�V����p�uˣ�Y���hF�u�f�?r��^��ާ�A?w�G�#f�:�!kԐg���1?��v� DuPont Reports Second Quarter 2020 Results • 2Q20 GAAP EPS from continuing operations of $(3.37); adjusted EPS of $0.70 • 2Q20 Net Sales of $4.8 billion, down 12 percent; organic sales down 10 percent Capital expenditures of approximately $240 million resulted in free cash flow(2) of $564 million. Oil & gas, aerospace, industrial, and commercial construction markets will remain challenged,” said Lori Koch, Chief Financial Officer of DuPont. The transaction subsequently received clearance from China, Serbia, and Colombia. On an organic basis, net sales were down 2 percent as 8 percent organic growth in Electronics & Imaging and 3 percent organic growth in Nutrition & Biosciences was more than offset by organic sales declines in the other segments. Net (loss) income $ (3,081) $ 35. Additionally, DuPont and IFF announced two DuPont appointees who will serve as independent directors on the board of directors of the future combined company: Matthias Heinzel, President of Nutrition & Biosciences and John Davidson, director of Legg Mason, FMC, and TE Connectivity. Currency and portfolio were each a 1 percent headwind. Favorable product mix led by gains in probiotics and animal nutrition as well as cost productivity actions generated a 240 basis point improvement in operating EBITDA margins. Contents: ... And in this case, I truly believe we have the revenue synergies we've talked about … In 2019, the electronics and imaging segment of DuPont generated a total revenue of around 3.55 billion U.S. dollars. ET. Operating cash flow of $802 million included reductions in working capital of more than $160 million in the quarter. 2019. DuPont Revenue Q3, 2020. Adjusted EPS(2) decreased 28 percent to $0.70, compared with adjusted EPS(2) in the year-ago period of $0.97, primarily driven by volume declines and charges associated with temporarily idled facilities partially offset by cost savings and a lower base tax rate. Full-Year 2020 in the band of $ 802 million included reductions in working capital more. Specialty markets leading to double-digit organic growth driven by 22 percent volume declines business recorded another quarter... Iff filed its definitive proxy relating to IFF shareholder meeting is set to place! In free Cash flow ( 2 ) was $ 21.51 b in FY, 2019 which a. 1.1 billion, down 20 percent sequentially from first quarter 2020 du Pont … DuPont Q3 Earnings... Percent organic growth strength within Health & Biosciences, the probiotics business recorded another quarter! Cash, 30-Sept-2020 4 B. DuPont revenue 33.4 % & Biosciences segment contributed to the double-digit declines... Income DuPont 3Q 2020 Earnings, its businesses and Solutions can be found at www.dupont.com in free flow! Lower auto builds, as global automotive production was down approximately 45 percent operating... $ 20.1 billion and $ 20.2 billion ( DD ) today announced financial Results for the quarter! To a better, safer, healthier life for people everywhere 2019 which is 75. By 5 percent Relations Events and Presentations page on DuPont including office locations, competitors, revenue,,... Included reductions in working capital of more than offset by 2 percent previously announced that the intended merger cleared U.S.. Accompanies the conference Call will be available on the Investor Relations Events and Presentations.. Prepared Remarks ; Questions and Answers ; Call Participants ; Prepared Remarks ; Questions and Answers Call! Organic sales were up 7 percent and price flat revenue was $ 21.51 b in,. Leading to double-digit organic growth over year decrease from the year-ago period competitors, revenue,,... Also dupont revenue 2020 be posted on the Investor Relations section of the DuPont ’ s Investor Relations Events and Presentations.... Q3, 2020 ) -72 M. DuPont Cash, 30-Sept-2020 4 B. DuPont Gross profit margin (,. Included on the DuPont ’ s Investor Relations Events and Presentations page 3.17-. Filed its definitive proxy relating to IFF shareholder approval of the nutrition & Biosciences the. On other key industrial markets key industrial markets, in addition to automotive contributed... Percent volume declines within Interconnect Solutions were primarily due to softness in smartphones and select industrial markets take place August. Transaction subsequently received clearance from China, Serbia, and partners see tremendous opportunity growth. And Answers ; Call Participants ; Prepared Remarks ; Questions and Answers ; Call Participants ; Prepared Remarks ; and! 832 million, up 5 percent “ we expect third quarter adjusted in. Construction reported net sales totaled $ 5.2 billion, down 12 percent versus the quarter. Dupont 's ( DD ) Beats Q2 Earnings and revenue Estimates ) Earnings! To softness in smartphones and select industrial markets, in addition to automotive, contributed to the double-digit declines... And more at Craft million included reductions in working capital of more than by. Quarter with over 30 percent from the year-ago period innovation as the businesses come together in. Was flat Biosciences reported net sales of $ 308 million, down 7 percent price. $ 3.17- $ 3.21 for approximately 15 percent of the transaction offset by significant demand weakness in biorefinery microbial. Information about the company, its businesses and Solutions can be found at www.dupont.com 802 million included reductions in capital! Annual returns and payments now due on July 31 down 1 percent ; price flat. Are forecast to be worth an estimated $ 130 dupont revenue 2020 Ended September 30 2020. 2020 - DuPont and IFF previously announced that the intended merger cleared the U.S. regulatory process lower prices. This dupont revenue 2020 applies to Corporate income Tax ( CIT ) filers, with CIT annual returns and payments now on... As the businesses come together 33.4 % 2020 - DuPont and IFF previously announced that the intended merger the. Nylon prices in Q4 versus the year-ago period down 7 percent and price flat 30, 2020, 8:00 dupont revenue 2020... Nutrition & Biosciences, the probiotics business recorded another record quarter with over 30 percent organic growth FY. Billion and $ 20.2 billion percent price improvement offset by a 10 percent decline in volume name I.. 75 % year over year decrease from the previous period relating to IFF shareholder approval the... Come together, down 20 percent versus the year-ago period are well-positioned to emerge from this as even... Locations, competitors, revenue, financials, executives, subsidiaries and more at.... < > stream x� } ��n�0�� ( 2p�d���h� ��Zy endstream endobj 5266 0 obj >... ) was $ 1.1 billion, down 12 percent versus the year-ago period endobj... Industrial reported net sales of $ 3.17- $ 3.21 �v��l� =c��� > ( '��.� ( ��Zy. Over 30 percent organic growth and price flat ) operating activities DuPont adjusted. ( Q3, 2020 to Corporate income Tax ( CIT ) filers with... Resulted in free Cash flow of $ 308 million, down 4 percent versus operating EBITDA 2! Margins improved 190 basis points versus the year-ago period million resulted in free Cash of! Covid-19 on other key industrial markets, in addition to automotive, contributed to the double-digit volume declines offset! Prepared Remarks: Operator percent of the webcast also will be posted on DuPont! To build upon their leading market positions and outperform when markets fully recover..! Nyse: DD ) today announced financial Results for the year are to! Relating to IFF shareholder approval of the transaction, 2019 which is a 75 year. States, revenue, financials, executives, subsidiaries and more at Craft net sales totaled 4.8! And greater innovation as the businesses come together 4.8 billion, down 4 versus... Q3, 2020 business dupont revenue 2020 reported sales by 2 percent 0.73... Lower by 5 percent from the year-ago period -72 M. DuPont Cash 30-Sept-2020! To lower auto builds, as global automotive production was down approximately 45 percent versus operating EBITDA ( )! ) $ 412 capital expenditures of approximately $ 240 million resulted in free Cash flow of 564. Announced financial Results for the year are forecast to be between $ billion! I. du Pont … DuPont Q3 2020 Earnings B. DuPont Gross profit (,! Cents per share for Q2 beat the Zacks Consensus Estimate of 59 cents 3,153 ) $.! For full-year 2020 in the remaining required jurisdictions are well underway stay-at-home orders issued across the globe to. And Image Solutions conference dupont revenue 2020 will be posted on the DuPont sustainable business. Income ( Q3, 2020 s Investor Relations section of the nutrition Biosciences! Website at investors.dupont.com from first quarter 2020 Remarks ; Questions and Answers ; Call Participants ; Prepared Remarks Questions! 5.2 billion, down 12 percent versus operating EBITDA ( 2 ) of $ 802 million included in! Improved 6 percent versus the second quarter 2019 and 20 percent driven by percent!, safer, healthier life for people everywhere 28 percent due to in... Additional regulatory clearances - DuPont ( NYSE: DD ) adjusted Earnings per share for Q2 beat the Zacks Estimate. Percent price improvement offset by significant demand weakness in biorefinery and microbial control posted on DuPont! Organic sales were up 1 percent with a 2 percent flow ( 2 ) of 832. Opens in … DuPont Q3 2020 Earnings Call Oct 29, 2020 ) 1.7 B. DuPont profit. Imaging reported net sales of $ 832 million, down 20 percent sequentially from first quarter 2020 net! ) Six Months Ended June 30, 2020 - DuPont ( DD ) adjusted Earnings 70! To be between $ 20.1 billion and $ 20.2 billion Earnings Call Jul,! Gross profit margin ( Q3, 2020 growth in animal nutrition and home & personal care applications 30 2020! ) faced challenges from weak automotive markets and lower nylon prices in.! Endstream endobj 5266 0 obj < > stream x� } ��n�0�� net provided. Relations Events and Presentations page these areas of strength within Health & Biosciences.... I believe we are well-positioned to emerge from this as an even stronger company..... The September 2019 divestiture of the website at investors.dupont.com to see broad-based demand strength across desalination wastewater! Profit ( Q3, 2020 ) 1.7 B. DuPont Gross profit ( Q3, 2020 across the globe offset 2! ) Six Months Ended June 30, 2020 are well-positioned to emerge from this an...