NYSE$DD

DuPont de Nemours Inc. · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

DuPont's Q3 2024 financial performance reflected strong quarterly results with sequential improvement across key financial metrics, driven by innovation investments and demand recovery in electronics, water, and medical packaging end-markets.

DuPont reported a 4% increase in net sales to $3.2 billion, with organic sales up 3%. GAAP EPS from continuing operations was $1.13, and adjusted EPS was $1.18. The company raised its full-year 2024 operating EBITDA and adjusted EPS guidance.

  • Net sales increased by 4%, with organic sales up 3% year-over-year.
  • GAAP EPS from continuing operations was $1.13, while adjusted EPS reached $1.18.
  • Operating EBITDA stood at $857 million, with a margin of 26.8%.
  • Cash provided by operating activities from continuing operations was $737 million, and transaction-adjusted free cash flow was $640 million.

Headline financials

Total Revenue

$3.19B

Previous: $3.06B+4.4%
EPS

$1.08

Previous: $0.92+17.4%
Operating EBITDA

$791M

Previous: $775M+2.1%
EBITDA margin

27.6%

Previous: 25.3%+9.1%
Transaction-adjusted FCF

$578M

Previous: $621M-6.9%
Operating cash flow

$665M

No prior period
Capital Expenditures

-$109M

Previous: -$119M+8.4%
Free Cash Flow

$454M

Previous: $319M+42.3%
Net Income

$454M

Previous: $319M+42.3%
Operating Income

-$2.66B

Previous: -$2.69B+1.0%
Gross Profit

$1.19B

Previous: $1.1B+8.2%
Cash & Equivalents

$1.65B

Previous: $1.34B+22.9%
Total Assets

$37.5B

Previous: $39.1B-4.3%
R&D Expense

$134M

Previous: $129M+3.9%

Revenue & EPS history

DuPont · Revenue · Quarterly

$3.19B

Q3 2024+4.4%vs Q3 2023
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

For Q4 2024, DuPont estimates net sales of approximately $3.070 billion, operating EBITDA of about $790 million, and adjusted EPS of $0.98 per share. For the full year 2024, the company now expects operating EBITDA of about $3.125 billion and adjusted EPS of $3.90 per share, with net sales of approximately $12.365 billion.

Tailwinds

  • Continued momentum including sales and earnings growth assumptions for both E&I and W&P.
  • Full year operating EBITDA is expected to be about $3.125 billion.
  • Full year adjusted EPS is expected to be about $3.90 per share.
  • Full year net sales are now expected to be about $12.365 billion.
  • Fourth quarter guidance reflects continued momentum including sales and earnings growth assumptions for both E&I and W&P.

Headwinds

  • Fourth quarter guidance assumes normal seasonal declines in electronics and construction markets.
  • The company is unable to predict with reasonable certainty the ultimate outcome of certain future events.
  • These events include, among others, the impact of portfolio changes, including asset sales, mergers, acquisitions, and divestitures; contingent liabilities related to litigation, environmental and indemnifications matters; impairments and discrete tax items.
  • These items are uncertain, depend on various factors, and could have a material impact on U.S. GAAP results for the guidance period.
  • Adverse changes in worldwide economic, political, regulatory, international trade, geopolitical, capital markets and other external conditions.

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 2024

Historical avgQ3 2024

+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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