Why Is Chemicals Company DuPont Stock Shooting Higher Today?



DuPont De Nemours, Inc. (NYSE:DD) reported a fourth-quarter fiscal 2023 sales decline of 7% year-over-year to $2.898 billion, missing the consensus of $2.929 billion.

An organic sales decline of 10% reflects lower volume driven by the impact of channel inventory destocking within Safety Solutions.

Electronics & Industrial sales $1.36 billion (+1% Y/Y) and Water & Protection sales $1.28 billion (-15% Y/Y). 

Operating EBITDA fell 6% Y/Y to $715 million, and the margin expanded 30 bps to 24.7%. Adjusted EPS was $0.87 (-2% Y/Y), above the consensus of $0.85.

Operating cash flow for the …

Full story available on Benzinga.com


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