DuPont Q1 adj EPS $0.84 meets; cuts FY outlook; to buy Spectrum Plastics

DuPont de Nemours, Inc.

2023-Q1 EPS reported $0.56 revenue$3,018,000,000

Q1 net sales $3.02B, down 8% YoY; organic sales -3% (volume -7%, price +4%).
GAAP EPS from cont ops $0.58 vs $0.42; operating EBITDA $714M -13%; adj EPS $0.84 vs $0.82.
Electronics & Industrial sales -16% organic -13%; Water & Protection +1% organic +4%.
FY 2023 outlook: net sales $12.3-$12.5B, op EBITDA $3.0-$3.1B, adj EPS $3.55-$3.70; high-end reduced.
Announced acquisition of Spectrum Plastics Group (medical components) for expected close by Q3 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DuPont de Nemours, Inc. reported first quarter ended March 31, 2023 results: revenue $3.0 billion, net income $273 million, EPS $0.58.

Period: first quarter ended March 31, 2023
Revenue: $3.0 billion
Net income: $273 million
EPS: $0.58
Result: reported results

Exact text from the filing

DuPont Reports First Quarter 2023 Results • Net Sales of $3.0 billion decreased 8%; organic sales decreased 3% versus year-ago period • GAAP Income from continuing operations of $273 million; operating EBITDA of $714 million • GAAP EPS from continuing operations of $0.58; adjusted EPS of $0.84

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Source: SEC EDGAR

accession 0001666700-23-000057

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