DuPont de Nemours, Inc. - DD STOCK NEWS

DuPont (NYSE: DD) announced the operational status of the Appaloosa Run Wind Energy Center, a renewable energy project in Upton County, Texas, following a virtual power purchase agreement with NextEra Energy Resources. The facility generates 135 megawatts of wind power, supplying approximately 528,000 megawatt hours (MWh) annually. This output is capable of offsetting carbon emissions equivalent to over 81,000 cars or powering nearly 70,000 homes each year. The project also brings economic benefits to Upton County through local infrastructure enhancements. This initiative supports DuPont's sustainability targets of a 30% reduction in greenhouse gas emissions by 2030 and aims for carbon neutrality by 2050. The company will detail its sustainability efforts in an upcoming report.

DuPont (NYSE: DD) has declared a second quarter dividend of $0.36 per share on its Common Stock, set to be paid on June 15, 2023. Shareholders of record will be those who hold the stock at the close of business on May 31, 2023. This announcement reflects DuPont's commitment to returning value to its shareholders through consistent dividend payments.

DuPont (NYSE: DD) will announce its Q1 2023 financial results on May 2, 2023, at 6:00 a.m. ET, followed by a conference call at 8:00 a.m. ET. The call will feature Ed Breen, Executive Chairman and CEO, and Lori Koch, CFO, discussing the company's financial and operational performance. Investors can access the live webcast on DuPont's Investor Relations website, with a replay and supporting documents available afterward.

The conference call can be joined via toll-free number 888-440-4172 or +1-646-960-0673, using conference ID 5994046. For more details about DuPont's advancements across various sectors including electronics, transportation, and healthcare, visit their official website or Investor Relations page.

DuPont (NYSE: DD) has launched Kevlar® EXO™, a revolutionary aramid fiber innovation that enhances ballistic protection, lightness, and flexibility for body armor used by military and law enforcement personnel. This new fiber, developed over a decade, offers unmatched performance, ensuring optimal mobility and comfort without sacrificing protection. Kevlar® EXO™ is flame-resistant and maintains its protective qualities over time. DuPont will debut the aramid fiber at the Best Ranger Competition from April 14-16, 2023, where U.S. Army Rangers will first utilize this advanced body armor. Made in the U.S. at DuPont's Virginia facility, the fiber promises to redefine industry standards in life protection applications.

DuPont (NYSE: DD) has launched new low-cyclosiloxane silicone elastomer and resin blends to address various skin conditions amid evolving regulatory compliance requirements. Introduced on April 13, 2023, these products are designed to support customer needs while adhering to REACH regulations, specifically the threshold for substances of very high concern (SVHC). The elastomer blends facilitate drug delivery in treatments for conditions like atopic dermatitis and psoriasis, while the resin blends maintain a long-lasting film resistant to water wash-off. DuPont emphasizes its commitment to consumer health and the achievement of UN Sustainable Development Goals, particularly those related to health and well-being.

DuPont has launched a new color collection under its Corian® brand, enhancing the Corian® Solid Surface portfolio with eight new colors, which are now available. These designs reflect the beauty of nature and urban influences, promoting sustainability with options that include recycled content. The new products target both commercial and residential markets, enabling designers to create visually striking interiors. New additions to the Corian® Quartz London collection also emphasize elegance and versatility. This launch underscores DuPont's commitment to innovation in design and sustainability.

DuPont announced participation in the Barclays Industrial Select Conference on February 23, 2023, with Executive Chairman and CEO Ed Breen and CFO Lori Koch engaging in a fireside chat. The session will occur from 8:35 a.m. to 9:05 a.m.. Investors can access a live audio webcast of the presentation on the DuPont Investor Relations webpage, with a replay available afterward. DuPont, a leader in technology-based materials, aims to innovate across various sectors, including electronics and healthcare. For more details, visit www.dupont.com.

Aspen Technology, Inc. (NASDAQ:AZPN) has partnered with DuPont (NYSE:DD) to enhance its industrial data strategy. This collaboration enabled DuPont to migrate over 20 years of historical data to AspenTech’s data historian in under two days, cutting implementation costs by 45%. The partnership included assistance from Tata Consultancy Services, ensuring business continuity during the migration while preserving the integrity of vast data archives. AspenTech's solution now underpins DuPont's IT/OT convergence strategy, crucial for real-time monitoring and analytics, ultimately improving the overall data infrastructure.

DuPont announced a 9% increase in its quarterly dividend to $0.36 per share and reported Q4 2022 net sales of $3.1 billion, a 4% decrease year-over-year. However, organic sales rose 5%. GAAP income from continuing operations fell by 37% to $105 million, with a GAAP EPS of $0.20. Despite challenges in electronics and construction, DuPont achieved a full-year 2022 net sales of $13.0 billion, up 4%, and an adjusted EPS of $3.41, up 12%. The company has also launched a $3.25 billion accelerated share repurchase program while retiring $2.5 billion in long-term debt. Looking ahead, Q1 2023 is expected to see organic sales declines in mid-single digits.