earnings
confidence high
sentiment neutral
materiality 0.75
DuPont Q3 adjusted EPS $0.92 (+12% YoY) on rev $3.1B (-8%); cuts FY guidance
DuPont de Nemours, Inc.
2023-Q3 EPS reported
$0.97
revenue$9,170,000,000
- GAAP EPS from continuing ops $0.62, adjusted EPS $0.92; operating EBITDA $775M, margin 25.3%.
- Net sales $3,058M, down 8% YoY (-10% organic); Electronics & Industrial organic -13%, Water & Protection -8%.
- Cash from ops $740M, adj. free cash flow $621M; closed sale of 80.1% stake in Delrin to TJC.
- FY 2023 guidance: net sales ~$12.17B, operating EBITDA ~$2.975B, adj. EPS ~$3.45 (down from prior).
- Sequential operating EBITDA margin +140bps; company planning additional restructuring actions.