NYSE$DD

DuPont de Nemours Inc. · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

DuPont's financial performance declined due to lower nylon pricing and reduced equity affiliate income, but was partially offset by higher pricing in segments outside of T&I and cost savings.

DuPont's Q4 2019 net sales were $5.2 billion, a 5% decrease compared to the same quarter last year, with organic sales down 2%. Adjusted EPS decreased by 34% to $0.95, driven by lower segment results and a higher tax rate. The company is planning a merger of its Nutrition & Biosciences business with IFF.

  • Net sales for the quarter totaled $5.2 billion, down 5 percent versus the same quarter last year.
  • GAAP EPS from continuing operations totaled $0.24 versus pro forma GAAP EPS from continuing operations in the year-ago period of $0.39.
  • Adjusted EPS decreased 34 percent to $0.95, compared with pro forma adjusted EPS in the year-ago period of $1.43.
  • The planned merger of DuPont's N&B business with IFF was announced.

Headline financials

Total Revenue

$5.2B

Previous: $20.1B-74.1%
EPS (adj)

$0.95

Previous: $0.88+8.0%
Operating EBITDA

$1.39B

No prior period
Net Income

$188M

Previous: $475M-60.4%
Operating Income

$189M

No prior period
Gross Profit

$1.8B

Previous: $4.53B-60.4%
Cash & Equivalents

$1.54B

Previous: $8.55B-82.0%
Total Assets

$69.4B

Previous: $188B-63.1%

Revenue & EPS history

DuPont · Revenue · Quarterly

$5.2B

Q4 2019-74.1%vs Q4 2018
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

DuPont anticipates full year 2020 sales between $21.5 and $22.0 billion, resulting in organic sales slightly up versus prior year. Adjusted EPS is expected to be in the range of $3.70 - $3.90.

Tailwinds

  • Full year sales between $21.5 and $22.0 billion.
  • Organic sales are expected to be slightly up versus prior year.
  • Adjusted EPS in the range of $3.70 - $3.90.
  • Strong organic growth across core segments.
  • Continued productivity and cost actions.

Headwinds

  • Headwinds from prior year discrete benefits.
  • Nylon market pressures.
  • Nylon headwinds being most impactful at the start of the year.
  • Temporary manufacturing challenges in S&C.
  • First quarter net sales expected to be down mid-single digits.

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 Q4 2019

Historical avgQ4 2019

+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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