$DD (+1ย %) | DuPont Q3'24 Earnings Highlights:
๐น Revenue: $3.2B (Est. $3.2B); UP +4% YoY
๐น Adj EPS: $1.18 (Est. $1.03) ๐ข; UP +28% YoY
๐น Operating EBITDA: $857M; UP +11% YoY
๐น Cash from Operations: $737M
๐น Transaction-Adjusted Free Cash Flow: $640M; UP +3% YoY
Q4'24 Outlook:
๐น Revenue: ~$3.07B (Est. $3.13B)ย ๐ก
๐น Adjusted EPS: ~$0.98 (Est. $0.98) ๐ก
๐น Operating EBITDA: ~$790M
FY'24 Outlook:
๐น Adjusted EPS: ~$3.90 (Est. $3.77) ๐ข
๐น Revenue: ~$12.37B (Prior Guidance: $12.4B - $12.5B)
๐น Operating EBITDA: ~$3.125B
Q3 Segment Highlights:
Electronics & Industrial (E&I):
๐น Revenue: $1.55B; UP +13% YoY
๐น Operating EBITDA: $467M; UP +22% YoY
๐น Operating EBITDA Margin: 30.1%, expanded by 210 bps
๐ธ Semiconductor Technologies sales up 20% YoY, driven by AI applications
๐ธ Strong growth in consumer electronics with recovery in Interconnect Solutions
Water & Protection (W&P):
๐น Revenue: $1.38B; DOWN -2% YoY
๐น Operating EBITDA: $364M; UP +1% YoY
๐น Operating EBITDA Margin: 26.3%, expanded by 70 bps
๐ธ Water Solutions sales saw sequential growth of 3%, with strength in ultrafiltration technologies
๐ธ Medical packaging products up 10% sequentially in Q3
Strategic and Operational Highlights:
๐ธ Continued demand recovery in Electronics, Water, and Medical Packaging end-markets
๐ธ Progressing with planned separations of the Electronics and Water businesses to enhance market focus
๐ธ Introduced innovative AI-enabled semiconductor solutions to meet rising demand