NYSE$DD

DuPont de Nemours Inc. · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

DuPont exceeded expectations through operational excellence and strategic pricing amidst global supply challenges.

DuPont reported strong Q3 2021 results, exceeding expectations with an 18% increase in net sales to $4.3 billion and a 20% rise in operating EBITDA to $1.09 billion. The company is advancing its position as a premier multi-industrial company by acquiring Rogers Corporation and exploring options to divest a substantial portion of the Mobility & Materials segment.

  • GAAP EPS from continuing operations was $0.80; adjusted EPS was $1.15.
  • Net Sales reached $4.3 billion, up 18 percent, with organic sales up 16 percent versus the year-ago period.
  • Operating EBITDA increased to $1.09 billion, up 20 percent versus the year-ago period, with a margin expansion of 50 basis points.
  • Operating cash flow was $842 million, and free cash flow was $634 million during the quarter.

Headline financials

Total Revenue

$4.27B

Previous: $5.1B-16.2%
EPS (adj)

$1.15

Previous: $0.88+30.7%
Operating EBITDA

$1.09B

Previous: $1.3B-16.2%
EBITDA margin

0.5%

No prior period
Transaction-adjusted FCF

$634M

Previous: $1.1B-42.4%
Free Cash Flow

$391M

Previous: -$79M+594.9%
Net Income

$391M

Previous: -$79M+594.9%
Operating Income

-$6.7B

Previous: $892M-850.7%
Gross Profit

$1.49B

Previous: $1.7B-12.4%
Cash & Equivalents

$1.67B

Previous: $4.01B-58.3%
Total Assets

$46B

Previous: $72.1B-36.2%

Revenue & EPS history

DuPont · Revenue · Quarterly

$4.27B

Q3 2021-16.2%vs Q3 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

For full year 2021, DuPont estimates net sales to be between $16.34 billion and $16.40 billion, operating EBITDA between $4.14 billion and $4.17 billion, and adjusted EPS in the range of $4.18 to $4.22 per share.

Tailwinds

  • Strong demand trends are expected to continue across almost all end-markets.

Headwinds

  • Seeing a deceleration in order patterns stemming from the ongoing global semiconductor chip shortage, primarily in automotive end-markets.
  • Global auto build estimates have come down 17 percent for the second half of 2021 versus estimates for the same period from just a few months ago.

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 Q3 2021

Historical avgQ3 2021

+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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