earnings
confidence high
sentiment neutral
materiality 0.70
DuPont Q2 net sales $3.1B, -7% YoY; adj EPS $0.85 beats; Spectrum acquisition closed
DuPont de Nemours, Inc.
2023-Q2 EPS reported
$0.27
revenue$6,112,000,000
- GAAP income from continuing ops $269M ($0.55 EPS); adjusted EPS $0.85 vs $0.88 YoY.
- Operating EBITDA $738M (-11%); organic sales down 4% on consumer electronics softness.
- Electronics & Industrial sales -14% organic; Water & Protection flat, with Water Solutions up mid-teens.
- Completed Spectrum acquisition, expanding healthcare revenue to ~10% of portfolio.
- Q3 guidance: net sales ~$3.15B, adj EPS ~$0.84; FY2023 adj EPS $3.40-$3.50.