NYSE$DD

DuPont de Nemours Inc. · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

DuPont's first quarter results were announced, showing a decrease in GAAP EPS and net sales, but demonstrating strength in Electronics & Imaging and Nutrition & Biosciences segments.

DuPont reported a decrease in net sales and GAAP EPS, but managed to exceed initial expectations in its core segments. The company is focused on managing working capital and aligning production with demand, while also strengthening its balance sheet.

  • GAAP EPS from continuing operations was $(0.83); adjusted EPS was $0.84.
  • Net sales were $5.2 billion, down 4 percent; organic sales down 2 percent.
  • The company further strengthened liquidity with a $1.0 billion revolving credit facility.
  • Initiatives were implemented to mitigate the impact of COVID-19, including actions to deliver more than $500 million of working capital improvement and reducing capital expenditures by ~$500 million versus the prior year.

Headline financials

Total Revenue

$5.22B

Previous: $19.6B-73.4%
EPS (adj)

$0.84

Previous: $0.84+0.0%
Operating EBITDA

$1.3B

No prior period
Free Cash Flow

-$616M

Previous: $495M-224.4%
Net Income

-$616M

Previous: $520M-218.5%
Operating Income

$500M

Previous: $445M+12.4%
Gross Profit

$1.9B

Previous: $4.92B-61.3%
Cash & Equivalents

$1.75B

Previous: $11.5B-84.9%
Total Assets

$68B

Previous: $190B-64.2%

Revenue & EPS history

DuPont · Revenue · Quarterly

$5.22B

Q1 2020-73.4%vs Q1 2019
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

DuPont is prioritizing the safety and health of its employees, maintaining operations, strengthening its balance sheet, and partnering with other industry leaders to combat the pandemic. The company is focused on optimizing working capital, deferring capital expenditures, improving its cost structure, and strengthening its liquidity.

Tailwinds

  • Strength in personal protection
  • Strength in water filtration
  • Strength in food and beverage
  • Strength in electronics
  • Strength in probiotics

Headwinds

  • Automotive sector suffering
  • Oil and gas sector suffering
  • Select industrial end markets suffering
  • Impossible to predict timing of market stabilization
  • Markets will eventually stabilize and return to growth

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.8%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+0.0%

Avg return

30 days after

63%

40 / 64 earnings

Positive

+12.5%

Q3 2021

Best reaction

-11.3%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.1%+9.6%+4.0%
Q4 2025+4.9%+6.6%-3.7%
Q3 2025-1.1%+1.9%+2.2%
Q1 2025+1.7%-2.3%+1.1%
Q4 2024+6.8%+9.2%-1.8%
Q3 2024+3.0%+2.8%-0.1%
Q2 2024+2.8%-3.2%+4.8%
Q1 2024+7.2%+8.3%+13.3%
Q4 2023+8.6%-15.0%-6.3%
Q3 2023-6.5%-4.6%-0.6%
Q2 2023+0.1%+1.3%+1.2%
Q1 2023-7.2%-5.6%-2.8%
Q4 2022+6.3%+4.8%-2.1%
Q3 2022+8.6%+14.7%+13.1%
Q2 2022-3.4%-2.2%-8.3%
Q1 2022+4.4%-0.7%+4.4%
Q4 2021+8.1%+5.2%-4.4%
Q3 2021+12.5%+12.9%+5.7%
Q2 2021-0.5%+1.9%-1.0%
Q1 2021+3.4%+5.8%+9.1%
Q4 2020-7.2%-2.3%-14.3%
Q3 2020+1.7%+6.6%+15.4%
Q2 2020-3.7%-4.3%+3.0%
Q1 2020-1.5%+4.9%+22.9%
Q4 2019-11.3%-8.6%-25.6%
Q3 2019+6.2%+10.4%-1.2%
Q2 2019-4.3%-5.0%-5.9%
Q1 2019-6.5%-13.9%-18.2%
Q4 2018-9.8%-8.5%-10.0%
Q3 2018+7.1%+7.6%+7.3%
Q2 2018-1.7%+0.3%+3.2%
Q1 2018+1.5%+1.2%+4.2%
Q4 2017-6.2%-4.9%-9.5%
Q3 2017-3.0%-3.0%-3.2%
Q2 2017+0.3%-0.8%-2.8%
Q1 2017+2.4%-0.0%-3.5%
Q4 2016+5.4%+7.3%+10.9%
Q3 2016-0.9%-0.6%-0.3%
Q2 2016+0.7%+0.8%+1.4%
Q1 2016+2.0%
Q4 2015-1.8%
Q3 2015+1.8%
Q2 2015+3.9%
Q1 2015-0.1%
Q4 2014-3.4%
Q3 2014+1.9%
Q2 2014+3.9%
Q1 2014+0.5%
Q4 2013+3.8%
Q3 2013-0.8%
Q2 2013-0.6%
Q1 2013+3.8%
Q4 2012+4.5%
Q3 2012+1.3%
Q2 2012+0.0%
Q1 2012+1.0%
Q4 2011+3.6%
Q3 2011-9.4%
Q2 2011+1.5%
Q1 2011+1.7%
Q4 2010+2.1%
Q3 2010+1.8%
Q2 2010-3.7%
Q1 2010+1.8%

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