DuPont prelim Q4 GAAP loss up to $370M; $750-850M goodwill impairment

DuPont de Nemours, Inc.

2023-FY EPS reported $0.94 revenue$12,068,000,000

Preliminary Q4 GAAP loss $(370)-(220)M; GAAP EPS $(0.88)-(0.52); adj. EPS $0.85-$0.87.
Non-cash goodwill impairment charge of $750-850M in Protection reporting unit included in GAAP ranges.
Initial Q1 2024 outlook: net sales ~$2.8B, op. EBITDA ~$610M, adj. EPS $0.63-$0.65.
Management cites continued destocking, weak China demand; expects sequential Q1 decline and H2 recovery.
Full year 2023: net sales $12.07B, op. EBITDA $2.94B, adj. EPS $3.46-$3.48; cash from ops $2.19B.

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 0.9

DuPont de Nemours, Inc. updated its the fourth quarter and full year ended December 31, 2023 guidance (initiated).

Period: the fourth quarter and full year ended December 31, 2023
Guidance: initiated
Result: preliminary results

Exact text from the filing

On January 24, 2024, DuPont de Nemours, Inc. (the "Company") issued a press release, attached as Exhibit 99.1, and incorporated herein by reference, providing preliminary information for the fourth quarter and full year ended December 31, 2023.

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Source: SEC EDGAR

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