Dupont De Nemours Inc Stock Price, News & Analysis

On March 16, 2022, DuPont's Executive Chairman and CEO, Ed Breen, along with CFO, Lori Koch, will engage in a fireside chat at the J.P. Morgan 2022 Industrials Conference in New York from 8:00 a.m. to 8:40 a.m. A live audio webcast will be accessible via DuPont's Investor Relations webpage, with a replay available for 30 days post-event. Following the February 18, 2022 announcement of divesting a significant part of its Mobility & Materials segment, results will be classified as discontinued operations starting Q1 2022, impacting 2022 guidance.

Veolia North America has successfully completed a partnership with DuPont to transition the Spruance manufacturing facility in Richmond, Virginia, from coal to natural gas, significantly improving energy efficiency. This conversion is projected to reduce greenhouse gas emissions by over 220,000 tons annually, equivalent to removing 44,000 cars from the roads. The project includes repurposing a 200 MW cogeneration facility to produce 500,000 pounds of steam per hour. This initiative aligns with DuPont's climate goals for 2030 and showcases Veolia's commitment to ecological transformation.

DuPont has entered into a definitive agreement to divest a majority of its Mobility & Materials segment to Celanese Corporation for $11 billion. This transaction values the business at an enterprise multiple of approximately 14x 2021 operating EBITDA. The divested businesses generated $3.5 billion in net sales and $0.8 billion in operating EBITDA in 2021. The deal, anticipated to close by the end of 2022, marks a significant step in DuPont's transformation strategy and is expected to generate substantial value for shareholders. Additionally, DuPont plans to sell the Delrin® business by Q1 2023.

DuPont (NYSE: DD) reported a strong financial performance for Q4 and full year 2021, achieving net sales of $4.3 billion, a 14% increase year-over-year, and $16.7 billion for the year, up 16%. The company benefited from strategic pricing actions and strong demand in sectors like electronics and water. GAAP EPS for Q4 was $0.47, down from $0.60, primarily due to higher expenses. DuPont announced a new $1 billion share buyback and a 10% increase in its quarterly dividend to $0.33 per share. The outlook for 2022 anticipates continued growth in sales and earnings despite raw material cost pressures.

BroadPeak Global LP has rebranded to BPGC Management LP, effective immediately. The firm, established in May 2020, is led by Co-Founders Stephen Toy and Nadim Qureshi. BPGC now manages assets exceeding $1 billion across materials, chemicals, industrials, and shipping sectors. This name change follows the acquisition of DuPont's Clean Technologies business, now Elessent Clean Technologies, which was valued at $510 million and closed on December 31, 2021. BPGC focuses on opportunistic buyouts within these sectors.

DuPont (NYSE: DD) has announced a partnership with Water.org to enhance global access to safe water, targeting communities affected by water scarcity. This collaboration combines DuPont's water purification technologies with Water.org's financial solutions aimed at tackling water-related challenges. DuPont has provided an initial grant to serve 100,000 individuals in countries such as India and Kenya. The partnership aims to develop sustainable water solutions and address the impacts of climate change, aligning with the United Nations Sustainable Development Goal No. 6.

The Delaware Department of Education, DuPont, and Discovery Education have formed a groundbreaking partnership to enhance STEM educational resources and career readiness in Delaware. Over three years, the program aims to support the Delaware Pathways initiative by providing access to high-quality instructional materials and professional development for teachers. This initiative is designed to cultivate a diverse talent pipeline for in-demand STEM careers while empowering students with the necessary skills for their future employment. DuPont commits full funding to ensure equitable learning environments across Delaware.