NYSE$DD

DuPont de Nemours Inc. · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

DuPont's Q1 2022 financial performance reflected strong sales growth and earnings, driven by pricing actions and volume gains, despite global supply chain challenges and cost inflation.

DuPont reported a 9% increase in net sales to $3.3 billion and a GAAP EPS of $0.42. The company's operating EBITDA increased by 2% to $818 million, driven by pricing actions and volume gains that offset higher inflationary costs. DuPont's performance reflects its agility in navigating global supply chain challenges and cost inflation.

  • Net sales increased 9% to $3.3 billion, with organic sales also up 9% year-over-year.
  • GAAP EPS from continuing operations was $0.42, while adjusted EPS was $0.82, a 19% increase year-over-year.
  • Operating EBITDA increased 2% year-over-year to $818 million.
  • Pricing actions fully offset higher inflationary costs from raw materials, logistics, and energy.

Headline financials

Total Revenue

$3.27B

Previous: $3.98B-17.7%
EPS (adj)

$0.82

Previous: $0.91-9.9%
Operating EBITDA

$818M

Previous: $1.05B-22.1%
EBITDA margin

25.0%

No prior period
Free Cash Flow

$488M

Previous: $5.39B-91.0%
Net Income

$488M

Previous: $5.39B-91.0%
Operating Income

-$2.89B

Previous: -$3.55B+18.5%
Gross Profit

$1.16B

Previous: $1.46B-20.5%
Cash & Equivalents

$1.67B

Previous: $4.38B-61.9%
Total Assets

$45.4B

Previous: $47.8B-5.0%

Revenue & EPS history

DuPont · Revenue · Quarterly

$3.27B

Q1 2022-17.7%vs Q1 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

DuPont anticipates key external uncertainties in the macro environment, namely COVID-related shutdowns in China, will further tighten supply chains resulting in slower volume growth and sequential margin contraction in the second quarter 2022. Based on current expectations, the full year 2022 guidance ranges for operating EBITDA and adjusted EPS on a continuing operations basis remain unchanged, while the estimated full year 2022 net sales range for continuing operations is increased.

Tailwinds

  • End-market demand remains strong.
  • Teams have demonstrated the ability to execute in these unprecedented circumstances.
  • Full year 2022 guidance ranges for operating EBITDA remain unchanged.
  • Full year 2022 guidance ranges for adjusted EPS remain unchanged.
  • Estimated full year 2022 net sales range for continuing operations increased.

Headwinds

  • Many external uncertainties still exist related to global supply chain challenges.
  • Impact of the ongoing war in Ukraine.
  • New COVID-related shutdowns in China.
  • Anticipate COVID-related shutdowns in China will further tighten supply chains.
  • Slower volume growth and sequential margin contraction in the second quarter 2022.

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 2022

Historical avgQ1 2022

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro