Welcome to our dedicated page for DuPont de Nemours news (Ticker: DD), a resource for investors and traders seeking the latest updates and insights on DuPont de Nemours stock.
DuPont de Nemours, Inc. (NYSE: DD) is a pioneering global company specializing in science-based products and services. Founded in 1802, DuPont leverages cutting-edge science to craft sustainable solutions that enhance safety, health, and overall quality of life. Operating in over 90 countries, DuPont's extensive product portfolio spans multiple industries, including agriculture, construction, electronics, and transportation.
In 2019, DuPont emerged from the DowDuPont merger and subsequent separations, establishing itself as a leader in specialty chemicals. The company's portfolio includes advanced materials and high-performance solutions that cater to industries like healthcare, automotive, and safety and protection. DuPont is undergoing a strategic transformation, planning to split into three standalone companies by mid-2026. These new entities will focus on electronics, water solutions, and diversified markets.
Recent achievements highlight DuPont’s commitment to innovation and strategic partnerships. In March 2024, DuPont renewed its engagement with Silicon Catalyst, an incubator for semiconductor solutions, reinforcing its position in the electronics sector. The partnership provides DuPont with critical insights into emerging semiconductor technologies, driving forward its innovation agenda.
On the leadership front, Sam Ponzo, Vice President and General Manager of DuPont Industrial Solutions, was inducted into The Executive Leadership Council, reflecting the company’s ongoing commitment to leadership and diversity.
DuPont's collaboration with Menatek Defense Technologies exemplifies its innovative edge. The two companies announced a partnership to develop NAZ Bearings®, a self-lubricating, maintenance-free bearing for use in extreme conditions, enhancing DuPont’s presence in the global bearing market.
DuPont continues to drive sustainable design with its Corian® Design division, unveiling new color collections in 2024 that incorporate recycled content. This initiative underscores DuPont's dedication to integrating sustainability with aesthetic innovation.
Financially, DuPont reported robust results for Q1 2024, with better-than-expected volumes and significant cash flow improvements. The company raised its financial guidance for the year, anticipating continued growth driven by the recovery in electronics and industrial markets.
Notably, DuPont plans to separate into three distinct entities by 2026, with each company benefiting from increased focus and agility. The planned companies will include a diversified industrial entity, a leader in electronic materials, and a comprehensive water solutions provider. This strategic move aims to unlock shareholder value and provide targeted growth opportunities for each segment.
DuPont remains a global innovation leader, committed to advancing its technology-based materials and solutions to transform industries and everyday life. More information about DuPont, its businesses, and solutions can be found at www.dupont.com. Investors can access detailed information on the Investor Relations section of the company’s website at investors.dupont.com.
DuPont (NYSE: DD) has officially terminated its agreement to acquire Rogers Corporation due to delays in obtaining necessary regulatory clearances. This decision comes with a termination fee of $162.5 million to be paid to Rogers. The acquisition was initially announced on November 2, 2021, pending regulatory approvals.
DuPont (NYSE: DD) announced its participation as a Founding Member of the Semiconductor Climate Consortium (SCC), aimed at enhancing climate actions within the semiconductor industry. The SCC seeks to champion progressive climate initiatives aligned with the Paris Agreement, targeting a global warming limit of 1.5°C. DuPont’s commitments include reducing GHG emissions by 30% and achieving carbon-neutral operations by 2050. The consortium will foster collaboration among semiconductor companies to address environmental challenges and enhance sustainability goals.
On November 1, 2022, DuPont (NYSE: DD) finalized the sale of its Mobility & Materials segment to Celanese for $11 billion in cash. This divestiture, part of a strategy to streamline operations, was officially announced on February 17, 2022, and has been reported as discontinued operations since Q1 2022. DuPont plans to disclose the intended use of the proceeds during its third quarter 2022 earnings call on November 8, 2022.
DuPont (NYSE: DD) is set to release its third quarter 2022 financial results on November 8, 2022, at 6:00 a.m. ET. The company will hold a conference call the same day at 8:00 a.m. ET, featuring Executive Chairman Ed Breen and CFO Lori Koch discussing the company's financial and operational performance. Investors can access the live webcast on DuPont's Investor Relations webpage, along with a replay and supporting documents post-event. The conference call can be joined via telephone with a designated toll-free number.
DuPont has declared a fourth quarter dividend of $0.33 per share on its Common Stock. Shareholders of record as of November 30, 2022, will receive the payment on December 15, 2022. This dividend reflects the company's ongoing commitment to returning value to its shareholders and demonstrates confidence in its financial position.
DuPont and Rogers provided an update on their pending merger, initially expected to close in Q3 2022. All regulatory approvals are met except for the State Administration for Market Regulation of China, where DuPont has refiled the merger notice. The merger, valued at $277 per share, was approved by Rogers' shareholders on January 25, 2022. Both companies aim to complete the merger as soon as regulatory approval is secured.
DuPont will host a virtual teach-in about its Safety Solutions line on September 21, 2022, from 10:00 a.m. to 10:45 a.m. (EDT). Leland Weaver, President of the Water & Protection segment, will lead the session. Interested participants can access a live audio webcast through the DuPont Investor Relations webpage, with a replay available post-event. Dial-in details include a toll-free number, (888) 440-4172, and Conference ID 5994046.
DuPont (NYSE:DD) has honored six scientists and engineers with the 2022 Lavoisier Medal for Lifetime Technical Achievement and the Pedersen Award Medal. Recipients include Todd Buley and Theresa Weston for Lavoisier, and Chris Bish, Carmen Covelli, Tomoki Kurihara, and Xiaoqing Li for Pedersen. These awards recognize their innovative contributions that significantly impacted business and developed market-leading products. The achievements underline DuPont's commitment to innovation and collaboration, ultimately creating substantial value for stakeholders.
DuPont reported 2Q22 net sales of $3.3 billion, up 7% year-over-year, with 9% organic sales growth. GAAP income from continuing operations was $365 million, with GAAP EPS at $0.71 and adjusted EPS at $0.88, reflecting an 11% increase. The company returned $665 million to shareholders through buybacks and dividends. DuPont continues to navigate inflationary pressures and supply chain challenges, while also advancing its strategic portfolio moves, including the acquisition of Rogers Corporation. Full-year guidance for adjusted EPS is narrowed to $3.27-$3.43.
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