earnings
confidence high
sentiment positive
materiality 0.80
DuPont Q1 beats expectations, raises FY2024 guidance; organic sales down 6%
DuPont de Nemours, Inc.
2024-Q1 EPS reported
$0.45
revenue$2,931,000,000
- Net sales $2.93B (-3% reported, -6% organic); GAAP EPS $0.41, adj EPS $0.79 vs $0.84 YoY.
- Operating EBITDA $682M (-4% YoY); E&I sales +5%, W&P -11% organic (volume destocking).
- $500M ASR completed April; FY2024 guidance raised: net sales $12.1-12.4B, op EBITDA $2.9-3.05B, adj EPS $3.45-3.75.
- Cash from ops $493M; adj free cash flow $286M (86% conversion).
- Q2 2024 outlook: net sales ~$3.025B, op EBITDA ~$710M, adj EPS ~$0.84.