DuPont de Nemours, Inc. Consolidated Statement of Cash Flows. On an organic basis, net sales were down 10 percent as organic growth of 7 percent in Electronics & Imaging and 1 percent in Nutrition & Biosciences was more than offset by organic sales declines in the other segments. x�}��n�0��. Per Michigan Executive Order 2020-26 all April 2020 state and city income tax filing deadlines in Michigan are now pushed back to July 2020, as a part of continued efforts to help Michiganders during the COVID-19 pandemic. In millions (Unaudited) Nine Months Ended September 30, 2020. DuPont (DD) Beats Q2 Earnings and Revenue Estimates - July 30, 2020 - Zacks.com The slide presentation that accompanies the conference call will be posted on the DuPont’s Investor Relations Events and Presentations page. DuPont expects adjusted earnings per share for full-year 2020 in the band of $3.17-$3.21. The merger has been reported to be worth an estimated $130 billion. This also applies to Corporate Income Tax (CIT) filers, with CIT annual returns and payments now due on July 31. 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, … Currency and portfolio were each a 1 percent headwind. 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. Currency was a 1 percent headwind. endstream endobj startxref Published by M. Garside, Mar 6, 2020 The revenue of chemical company DuPont generated some 21.5 billion U.S. dollars of revenue in 2019. Investors can access information included on the Investor Relations section of the website at investors.dupont.com. Favorable product mix led by gains in probiotics and animal nutrition as well as cost productivity actions generated a 240 basis point improvement in operating EBITDA margins. 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. Earnings Release (opens in … 1,546. 2019. DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. China sales in our core segments improved 6 percent versus the second quarter 2019 and 20 percent sequentially from first quarter 2020. ����O (���2 ��P�� 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 … See insights on DuPont including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Operating EBITDA margins improved 190 basis points versus the year-ago period. DuPont (DD) Misses Earnings and Revenue Estimates in Q4 - January 30, 2020 - Zacks.com Non-Core reported net sales of $308 million, down 30 percent from the year-ago period. The Company will host a live webcast of its first quarter earnings conference call with investors to discuss its results and business outlook today at 8:00 a.m. �+1� :�V����u�-��(��B$jh�,N�0��C�}�c8� 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 Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture, nutrition, , communications, safety and protection, home and construction, transportation and apparel. 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 Zacks Rank 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. DuPont's (DD) adjusted earnings of 70 cents per share for Q2 beat the Zacks Consensus Estimate of 59 cents. Capital expenditures of approximately $240 million resulted in free cash flow(2) of $564 million. Soft volume in trichlorosilane, Tedlar® aircraft films, photovoltaic metallization pastes, and Sorona® materials for carpet and apparel applications were partially offset by volume gains in microcircuit paste materials. DuPont revenue was $21.51 b in FY, 2019 which is a 75% year over year decrease from the previous period. Operating Activities. Currency was a 1 percent headwind. ET. The September 2019 divestiture of the DuPont Sustainable Solutions business reduced sales by 9 percent. 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. Embed Graph. Net (loss) income $ (3,081) $ 35. Organic sales were down 8 percent with a 2 percent price improvement offset by a 10 percent decline in volume. 2019. Within Health & Biosciences, the probiotics business recorded another record quarter with over 30 percent organic growth. DuPont de Nemours, Inc. Consolidated Statement of Cash Flows. h�b```�I,��� ���� 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. View as PDF and view charts here.. WILMINGTON, Del., July 30, 2020 - DuPont (NYSE: DD) today announced financial results for the second quarter 2020. “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. Currency was a 1 percent headwind. Find related and similar companies as … More information about the company, its businesses and solutions can be found at www.dupont.com. 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. 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. In millions (Unaudited) Six Months Ended June 30, 2020. In millions (Unaudited) Nine Months Ended September 30, 2020. 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. 5297 0 obj <>stream 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. ET. 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. 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. November and December 2020 returns have been extended to be due on February 22nd for qualified businesses. P�&Ղy�>�v��l� Adjustments to reconcile net (loss) income to net cash provided by operating activities: Depreciation and … Similarly, Shelter Solutions sales declined as construction activity was impacted by stay-at-home orders issued across the globe. October 29, 2020 08:00 AM ET. Electronics & Imaging reported net sales of $905 million, up 5 percent from the year-ago period. Additionally, we saw continued strength in Tyvek® protective garment and water end markets, achieving double digit revenue growth for the second consecutive quarter. 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. Organic sales were up 1 percent with volume up 1 percent; price was flat. DuPont Reports Second Quarter 2020 Results, Military, Law Enforcement & Emergency Response, 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, 2Q20 GAAP Income (Loss) from continuing operations of $(2.5) billion and Operating EBITDA of $1.1 billion, Operating cash flow of $802 million; $564 million free cash flow in the quarter, Global slowdown in automotive industry from the impact of COVID-19 resulted in $2.5 billion non-cash impairment charge in Transportation & Industrial segment in the quarter, Advanced intended separation of Nutrition & Biosciences business in preparation for intended merger with IFF in 1Q 2021; IFF shareholder vote set for August 27, 2020. Price improvement offset by significant demand weakness in biorefinery and microbial control auto builds as. Down 7 percent with a 2 percent pricing gains E. I. du Pont DuPont. 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