Home News DuPont de Nemours Reports Q4 Profit Beat, Falls Short on Revenue

DuPont de Nemours Reports Q4 Profit Beat, Falls Short on Revenue


Shares of DuPont de Nemours Inc. (DD) rose 1.9% in premarket trading Tuesday following the release of their fourth-quarter financial results. The company, known for its brands Kevlar, Tyvek, and Styrofoam, reported a profit that surpassed expectations but fell slightly below revenue forecasts.

Strong Profit Performance Amid Challenging Conditions

Despite issuing a profit warning for the first quarter due to customer inventory destocking and weak demand in China, DuPont managed to exceed earnings estimates. The company reported a net loss of $22 million, or 5 cents per share, compared to net income of $4.23 billion, or $8.83 per share, in the same period last year. Adjusted earnings per share, excluding one-time charges, reached 87 cents, beating the FactSet consensus of 85 cents.

Revenue Slightly Disappointing

While the profit results were promising, DuPont’s sales declined by 6.6% to $2.90 billion, just below the anticipated $2.92 billion. Nonetheless, the company remains optimistic about future prospects.

Focus on the Future and Recovery Plans

Looking ahead to 2024, DuPont anticipates adjusted earnings per share in the range of $3.25 to $3.65. This outlook aligns with the current FactSet consensus of $3.58. Additionally, the company expects sales ranging from $11.9 billion to $12.3 billion, compared to market expectations of $12.3 billion.

“We continue to see demand stabilization within Semiconductor Technologies and Interconnect Solutions, and we remain confident in a broad-based electronics materials recovery in 2024,” shared Chief Executive Ed Breen.

Stock Performance and Industry Comparison

Over the past three months, DuPont’s stock has experienced a 12% decline, while the S&P 500 has seen a 13.2% increase during the same period.

Despite challenges and market fluctuations, DuPont de Nemours Inc. remains committed to delivering strong financial performance and driving growth in the coming years.


Please enter your comment!
Please enter your name here

  +  87  =  95