DuPont Q4 net sales down 7%, posts GAAP loss of $300M on $804M goodwill impairment; raises dividend 6%

DuPont de Nemours, Inc.

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

Q4 GAAP loss from continuing ops of $300M ($0.72 loss per share) includes $804M non-cash goodwill impairment.
Q4 adjusted EPS $0.87, down 2% YoY; operating EBITDA $715M (24.7% margin).
Full year 2023 net sales $12.1B (-7% YoY); GAAP income $533M; adjusted EPS $3.48 (+2% YoY).
Board approved new $1B share repurchase program; intends to launch $500M ASR imminently.
Quarterly dividend raised 6% to $0.38/share; payable March 15, 2024.

item 2.02 item 7.01 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. reported financial results for fourth quarter and full year 2023.

Period: fourth quarter and full year 2023
Result: reported results

Exact text from the filing

On February 6, 2024, DuPont de Nemours, Inc. (the "Company") issued a press release, attached as Exhibit 99.1, and incorporated herein by reference, announcing results for the fourth quarter and full year 2023.

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DuPont de Nemours, Inc. filing history →

Source: SEC EDGAR

accession 0001666700-24-000005

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