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3d ago

DuPont Exceeds Q1 Expectations as Electronics Sales Surge 14%

Driven by AI-powered chip demand and strong China volumes, DuPont reports robust Q1 results while preparing for tariff impacts and a major electronics spin-off.

The logo for DuPont de Nemours, Inc. is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021. REUTERS/Andrew Kelly
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Overview

  • DuPont reported Q1 adjusted earnings per share of $1.03, surpassing analysts' estimates of $0.95, with total sales rising 4.6% to $3.07 billion.
  • Electronics segment sales increased 14% year-over-year to $1.12 billion, fueled by demand for advanced AI applications and strong orders from China.
  • The company anticipates a $60 million tariff impact in 2025 but reaffirmed its full-year adjusted profit guidance of $4.30–$4.40 per share, excluding tariff costs.
  • A $768 million non-cash impairment in the Aramids unit resulted in a $548 million loss from continuing operations during the quarter.
  • DuPont remains on track to spin off its high-margin electronics division by November 1, 2025, as part of its strategic focus on specialized business portfolios.