Sales gains were led by Food & Beverage on volume gains in the plant-based meat category and price improvements across the F&B portfolio, as well as Pharma Solutions which recorded its strongest sales quarter ever on increased demand in over-the-counter and prescription pharma applications. Double-digit gains in Semiconductor Technologies were led by continued strength within logic and foundry, driven by the ramp-up of advanced technology nodes, as well as robust demand for memory in servers and data centers. =c���>('��.�(2p�d���h� ��Zy 5278 0 obj <>/Filter/FlateDecode/ID[<53CD6350862C1148A73F8071520D6F31>]/Index[5262 36]/Info 5261 0 R/Length 90/Prev 394886/Root 5263 0 R/Size 5298/Type/XRef/W[1 3 1]>>stream I am proud of our team’s focus on execution, and I am confident in the actions we have taken to mitigate the impact of this pandemic. endstream endobj 5266 0 obj <>stream Water Solutions continued to see broad-based demand strength across desalination, wastewater, and specialty markets leading to double-digit organic growth. GAAP loss from continuing operations totaled $(2.5) billion, versus GAAP loss from continuing operations of $(1.1 billion) in the year-ago period; the decline mostly attributable to a non-cash impairment charge in the Transportation & Industrial segment resulting from significant near-term demand weakness in the automotive industry due to COVID-19 as well as revised views of market recovery based on third-party estimates. %PDF-1.7 %���� �8� ���ikc 8���7��E�#�y�z���X���8�QS�� \ŐzRe��R�@g����cb� ۃ0��� �;�`l����� �� ��`��� �@CQ��2�SN �v40����i"��/�_�fS��LW��3>?+ʶ�?�]�ˆ_�1��Z�Me��~�a`cma ��� � )�C� The transaction subsequently received clearance from China, Serbia, and Colombia. Net sales totaled $4.8 billion, down 12 percent versus the year-ago period. DuPont Q2 2020 Earnings Call Jul 30, 2020, 8:00 a.m. For 2019, the company’s revenue slipped 4.8% to $21.5 billion, while net income fell 85% to $600 million, according to a DuPont regulatory filing … Find related and similar companies as … October 29, 2020 08:00 AM ET. DuPont revenue breakdown by business segment: 8.0% from Non-Core, 16.5% from Electronics and Imaging, 24.2% from Safety and Construction, 28.2% from Nutrition and Biosciences and 23.0% from Transportation and Industrial. Nutrition & Biosciences reported net sales of $1.5 billion, down 1 percent from the year-ago period. Details about this extension: TREASURY - Notice: Penalty and Interest Waived for 33 Days for Certain Sales, Use, and Withholding Taxpayers with Returns Due January 20, … Organic sales were down 8 percent with a 2 percent price improvement offset by a 10 percent decline in volume. DuPont has 35,000 employees across 179 locations and $21.51 B in annual revenue in FY 2019. Net (loss) income $ (3,081) $ 35. WILMINGTON, Del., July 30, 2020 - DuPont (NYSE: DD) today announced financial results for the second quarter 2020. Operating EBITDA for the segment was $49 million, a decrease of 86 percent from operating EBITDA of $357 million in the year-ago period, driven primarily by charges of approximately $130 million associated with temporarily idling approximately 50 percent of our polymer capacity to align supply with demand. 5297 0 obj <>stream These areas of strength within Health & Biosciences were more than offset by significant demand weakness in biorefinery and microbial control. “For third quarter, we expect sales to be slightly up sequentially with improvement in automotive and residential construction mostly offset by seasonal patterns in Nutrition & Biosciences as well as the impact of supply constraints across our Tyvek® enterprise as we perform routine maintenance on the assets. DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Transportation & Industrial reported net sales of $832 million, down 34 percent from the year-ago period. 2019. Operating Activities. In millions (Unaudited) Nine Months Ended September 30, 2020. Recent acquisitions in the Water Solutions business increased reported sales by 2 percent. •       Executive committee named - Also in May, DuPont and IFF announced the executive committee of the future combined company, which will include key senior leaders from DuPont Nutrition & Biosciences and IFF. Add to Apple Calendar (opens in new window) Add to Google Calendar (opens in new window) Add to Microsoft Outlook (opens in new window) Add to iCalendar (opens in new window) Webcast. Contents: ... And in this case, I truly believe we have the revenue synergies we've talked about … “We delivered on our structural cost commitments and generated organic revenue growth in the Electronics & Imaging and Nutrition & Biosciences segments despite significant declines in global economic activity. Operating EBITDA(2) was $1.1 billion, down 20 percent versus operating EBITDA(2) in the prior year. Looking forward, the company guides toward an 8% to 10% yoy gain in full-year revenue for 2020, expecting that … Operating EBITDA for the segment was $93 million, a decrease of 11 percent from operating EBITDA of $104 million in the year-ago period with a $64 million gain associated with a customer settlement more than offset by lower volumes and the absence of earnings from the DuPont Sustainable Solutions divestiture. DuPont de Nemours, Inc. Consolidated Statement of Cash Flows. DuPontTM and all products, unless otherwise noted, denoted with TM, SM or ® are trademarks, service marks or registered trademarks of affiliates of DuPont de Nemours, Inc. © 2020 DuPont. DuPont expects adjusted earnings per share for full-year 2020 in the band of $3.17-$3.21. DuPont de Nemours, Inc., commonly known as DuPont, is an American company formed by the merger of Dow Chemical and E. I. du Pont de Nemours and Company on August 31, 2017, and the subsequent spinoffs of Dow Inc. and Corteva.Prior to the spinoffs it was the world's largest chemical company in terms of sales. Clearance processes in the remaining required jurisdictions are well underway. “Each of these accomplishments represents critical milestones to create a market-leading company and to generate significant value for our shareholders,” Breen continued. Currency was a 1 percent headwind. DuPont de Nemours, Inc. Consolidated Statement of Cash Flows. DuPont (DD) Beats Q2 Earnings and Revenue Estimates - July 30, 2020 - Zacks.com Contributor. DuPont 3Q 2020 Earnings. ET. Published by M. Garside, Mar 6, 2020 In 2019, the electronics and imaging segment of DuPont generated a total revenue of around 3.55 billion U.S. dollars. Adjusted EPS(2) decreased 28 percent to $0.70, compared with adjusted EPS(2) in the year-ago period of $0.97, primarily driven by volume declines and charges associated with temporarily idled facilities partially offset by cost savings and a lower base tax rate. DuPont de Nemours Inc. DD, -1.23% swung to a third-quarter net loss, but reported an adjusted profit that beat and revenue that fell less than expectation and provided an … Outlook Earnings Release (opens in … 2,163 October 29, 2020 08:00 AM ET. ;G#Q�(,��+�V����p�uˣ�Y���hF�u�f�?r��^��ާ�A?w�G�#f�:�!kԐg���1?��v� On an organic basis, net sales were down 2 percent as 8 percent organic growth in Electronics & Imaging and 3 percent organic growth in Nutrition & Biosciences was more than offset by organic sales declines in the other segments. Zacks Rank First Quarter and Full Year 2020 Outlook “For this year, we expect full year sales between $21.5 and $22.0 billion resulting in organic sales which are slightly up versus prior year,” said Jeanmarie Desmond, Chief Financial Officer of DuPont. See insights on DuPont including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Our employees apply diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, construction, water, health and wellness, food and worker safety. 5262 0 obj <> endobj I believe we are well-positioned to emerge from this as an even stronger company.”. 2,163 Net (loss) income Good day, and welcome to the DuPont … Organic sales were down 33 percent with volume down 28 percent and price lower by 5 percent. $94 million in the year-ago period. ET. “Our business teams, customers, and partners see tremendous opportunity for growth and greater innovation as the businesses come together. A replay of the webcast also will be available on the DuPont’s Investor Relations Events and Presentations page following the live event. h�bbd```b``� ��@$�f�b f�����"���X�>�=̮���Dyn?�d���k3012�Ȃ�g`�9���m�{� �C Strength in semiconductor, water, Tyvek® protective garment, and health & wellness markets coupled with approximately $130 million of cost savings was more than offset by volume declines and charges of $160 million associated with temporarily idling certain facilities primarily in the Transportation & Industrial segment. Over the next six months, we will continue our integration planning work with IFF to enable a smooth, successful launch and position the future combined company to achieve its committed cost and revenue synergies.”, "The quick and decisive actions we took in the early days of the pandemic to strengthen our balance sheet, increase our cost savings initiatives, and differentially manage our portfolio enabled us to deliver a solid quarter,” said Lori Koch, DuPont Chief Financial Officer. Add to Apple Calendar (opens in new window) Add to Google Calendar (opens in new window) Add to Microsoft Outlook (opens in new window) Add to iCalendar (opens in new window) Webcast. Capital expenditures of approximately $240 million resulted in free cash flow(2) of $564 million. Volume declines within Interconnect Solutions were primarily due to softness in smartphones and select industrial markets. In 2019, these two businesses accounted for approximately 15 percent of the Nutrition & Biosciences segment. DuPont (DD) Beats Q2 Earnings and Revenue Estimates. Within Health & Biosciences, the probiotics business recorded another record quarter with over 30 percent organic growth. DuPont Gross profit (Q3, 2020) 1.7 B. DuPont Gross profit margin (Q3, 2020), % 33.4%. Additionally, we saw continued strength in Tyvek® protective garment and water end markets, achieving double digit revenue growth for the second consecutive quarter. Operating EBITDA for the segment was $277 million, an increase of 13 percent from operating EBITDA of $246 million in the year-ago period, driven primarily by volume gains in Semiconductor Technologies and cost productivity actions. P�&Ղy�>�v��l� ... Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020… The IFF shareholder meeting is set to take place on August 27, 2020. In millions (Unaudited) Six Months Ended June 30, 2020. Earnings Release (opens in new window) (PDF 386 KB) Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. Related: Dow and DuPont to merge; Dow to become 100 percent owner of Dow Corning Here are five things to know about the deal: 1. Mid-single digit growth across 85 percent of the Nutrition & Biosciences segment driven by strength in food & beverage and health & wellness end markets was partially offset by declines in businesses exposed to energy and industrial markets. DuPont de Nemours, Inc. Consolidated Statement of Cash Flows. On July 27, IFF filed its definitive proxy relating to IFF shareholder approval of the transaction. Operating Activities The Company will host a live webcast of its first quarter earnings conference call with investors to discuss its results and business outlook today at 8:00 a.m. The merger has been reported to be worth an estimated $130 billion. endstream endobj startxref Net (loss) income $ (3,081) $ 35. DuPont (DD) Beats Q2 Earnings and Revenue Estimates - July 30, 2020 - Zacks.com 1,546. This also applies to Corporate Income Tax (CIT) filers, with CIT annual returns and payments now due on July 31. DuPont Q2 2020 Earnings Call Jul 30, 2020, 8:00 a.m. @���K��1��.ƞԺ�V��[rН�;�a�R�{��vg���:l�/��^׆� ��ނ��0 ��Qb��k��-����F���ǝ�h�Wj��>'��"z�1��x�z^�V�|+��� �Y�{K��:��j�f�*?��0�v�� ��z.M���ǡm����b��,�H�D�@�����\|B����'�,�:��K��ůD��K|x8F1Ÿ[�.1̝����l2��P�Y�l��p{Q~�Mn�-��J'Н ���O���.X|1$D�#��? The September 2019 divestiture of the DuPont Sustainable Solutions business reduced sales by 9 percent. DuPont™, the DuPont Oval Logo, and all trademarks and service marks denoted with ™, ℠ or ® are owned by affiliates of DuPont de Nemours, Inc. unless otherwise noted. “In the midst of the ongoing pandemic we delivered results ahead of expectations, while also continuing our emphasis on the safety and well-being of our employees and the needs of our customers,” said Ed Breen, DuPont Executive Chairman and Chief Executive Officer. h�b```�I,��� ���� Demand for Tyvek® protective garments continued to be robust, leading to a greater than 60 percent increase in garment sales versus last year which was enabled by efforts to increase capacity and redirect supply from non-personal protection markets. Embed Graph. Looking forward, the company guides toward an 8% to 10% yoy gain in full-year revenue for 2020, expecting that top line at … DuPont Revenue Q3, 2020. G�}��/ Operating cash flow of $802 million included reductions in working capital of more than $160 million in the quarter. In millions (Unaudited) Nine Months Ended September 30, 2020. ET. 2019. DuPont's (DD) adjusted earnings of 70 cents per share for Q2 beat the Zacks Consensus Estimate of 59 cents. Net (loss) income $ (3,153) $ 412. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. DuPont revenue was $21.51 b in FY, 2019 which is a 75% year over year decrease from the previous period. Operating Activities. DuPont (DD) Beats Q2 Earnings and Revenue Estimates. WILMINGTON, Del., Oct. 1, 2020 – DuPont (NYSE:DD) today has named four technology leaders to the company’s most distinguished technical rank — Laureates. 2020 DuPont Laureates: ... Its application has led to substantial revenue and earned DuPont a leading position and significant competitive advantage in … DuPont Revenue & Cost Synergy Capture 4Q 2019 1H 2020 2H 2020 1Q 2021 Post Close (1) Pending regulatory approval and customary closing conditions. Similarly, Shelter Solutions sales declined as construction activity was impacted by stay-at-home orders issued across the globe. Additionally, sustained consumer demand drove growth in animal nutrition and home & personal care applications. endstream endobj 5263 0 obj <>/Metadata 90 0 R/Pages 5260 0 R/StructTreeRoot 112 0 R/Type/Catalog/ViewerPreferences 5279 0 R>> endobj 5264 0 obj <>/MediaBox[0 0 612 792]/Parent 5260 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 5265 0 obj <>stream ET. Organic sales were down 20 percent driven by 22 percent volume declines and offset by 2 percent pricing gains. •       Additional regulatory clearances - DuPont and IFF previously announced that the intended merger cleared the U.S. regulatory process. The absence of a prior year gain on the sale of DuPont Sustainable Solutions, lower volumes and the impact of the trichlorosilane and Hemlock Semiconductor divestitures in September 2020 more than offset cost productivity. Organic sales were up 1 percent with volume up 1 percent; price was flat. DuPont (DD) Misses Earnings and Revenue Estimates in Q4 - January 30, 2020 - Zacks.com DuPont revenue breakdown by business segment: 8.0% from Non-Core, 16.5% from Electronics and Imaging, 24.2% from Safety and Construction, 28.2% from Nutrition and Biosciences and 23.0% from Transportation and Industrial. “Our businesses are well-equipped to build upon their leading market positions and outperform when markets fully recover.”. DuPont Q3 2020 Earnings Call Oct 29, 2020, 8:00 a.m. DuPont expects adjusted earnings per share for full-year 2020 in the band of $3.17-$3.21. On a regional basis, organic sales increased 1 percent in Asia Pacific versus the year-ago period while the U.S. and Canada, EMEA, and Latin America each declined mid-to-high teens percent. Operating Activities. China sales in our core segments improved 6 percent versus the second quarter 2019 and 20 percent sequentially from first quarter 2020. Organic sales were up 7 percent with volume up 7 percent and price flat. The impact of COVID-19 on other key industrial markets, in addition to automotive, contributed to the double-digit volume declines. The slide presentation that accompanies the conference call will be posted on the DuPont’s Investor Relations Events and Presentations page. DuPont (DD) faced challenges from weak automotive markets and lower nylon prices in Q4. Additionally, DuPont and IFF announced two DuPont appointees who will serve as independent directors on the board of directors of the future combined company: Matthias Heinzel, President of Nutrition & Biosciences and John Davidson, director of Legg Mason, FMC, and TE Connectivity. DuPont Reports Second Quarter 2020 Results • 2Q20 GAAP EPS from continuing operations of $(3.37); adjusted EPS of $0.70 • 2Q20 Net Sales of $4.8 billion, down 12 percent; organic sales down 10 percent Safety & Construction reported net sales of $1.2 billion, down 7 percent from the year-ago period. 2019. Recently completed milestones include: •       Filings with the SEC - DuPont Nutrition & Biosciences and IFF filed their respective initial registration statements in May and are advancing the review process with the SEC. DuPont revenue breakdown by geographic segment: 37.7% from Asia Pacific, 23.4% from EMEA, 5.8% from Latin America, 31.1% from United States and 2.0% from Other DuPont (NYSE: DD) is a global innovation leader with technology-based materials, ingredients and solutions that help transform industries and everyday life. 2020 adjusted earnings per share guidance of $3.70 to $3.90 reflecting headwinds from prior year discrete benefits and nylon market pressures DuPont (NYSE: DD) today announced financial results for the fourth quarter and full year 2019. DuPont de Nemours, Inc. Consolidated Statement of Cash Flows. Operating EBITDA for the segment totaled $349 million, a decrease of 9 percent from operating EBITDA of $382 million in the year-ago period, primarily from lower volumes partially offset by cost productivity actions and favorable product mix. First Quarter 2020 Results Net sales totaled $5.2 billion, down 4 percent versus the year-ago period. 2019. 2020 DuPont Laureates: ... Its application has led to substantial revenue and earned DuPont a leading position and significant competitive advantage in … Oil & gas, aerospace, industrial, and commercial construction markets will remain challenged,” said Lori Koch, Chief Financial Officer of DuPont. Net sales for the year are forecast to be between $20.1 billion and $20.2 billion. ET. Currency and portfolio were each a 1 percent headwind. DuPont De Nemours revenue for the twelve months ending September 30, 2020 was … 0 GAAP EPS from continuing operations totaled $(3.37) versus GAAP EPS from continuing operations in the year-ago period of $(1.48); the decline is mostly attributable to the non-cash impairment charge in Transportation & Industrial, incremental merger-related amortization expense, and lower segment results, partially offset by the absence of a prior year tax charge, lower integration and separation costs, lower restructuring charges, and a lower tax rate. Contributor. Currency was a 1 percent headwind. In 2019, the electronics and imaging segment of DuPont generated a total revenue of around 3.55 billion U.S. dollars. Investors can access information included on the Investor Relations section of the website at investors.dupont.com. DuPont Q3 2020 Earnings Call Oct 29, 2020, 8:00 a.m. DuPont's (DD) adjusted earnings of 70 cents per share for Q2 beat the Zacks Consensus Estimate of 59 cents. DuPont continued to advance its objective of creating significant value for its shareholders through the completion of a number of critical milestones in the intended merger between DuPont Nutrition & Biosciences and IFF. View Tantara Transportation Group (www.tantara.com) location in Michigan, United States , revenue, industry and description. 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