The pro forma financial statements are presented for informational purposes only, and do not purport to represent what DuPont's results of operations or financial position would have been had the Transactions occurred on the dates indicated, nor do they purport to project the results of operations or financial position for any future period or as of any future date. Management estimates amortization expense in 2020 associated with intangibles acquired as part of the DWDP Merger to be approximately $1.9 billion on a pre-tax basis, or approximately $2.00 per share. Find the latest Earnings Report Date for DuPont de Nemours, Inc. Common Stock (DD) at Nasdaq.com. © DuPont de Nemours, Inc. All rights reserved. Net (loss) income $ (3,153) $ 412. Effective as of 12:01 a.m. on June 1, 2019, DuPont completed the separation of its agriculture business into a separate and independent public company by way of a distribution of Corteva Inc. ("Corteva") through a pro rata dividend in-kind of all of the then-issued and outstanding shares of Corteva's common stock, par value $0.01 per share (the "Corteva Common Stock"), to holders of DuPont de Nemours, Inc.'s common stock, par value $0.01 per share, as of the close of business on May 24, 2019 (the "Corteva Distribution" and, together with the Dow Distribution, the "Distributions"). Reverse Stock Split Tax Related Information, http://www.prnewswire.com/news-releases/dupont-reports-third-quarter-2020-results-301162473.html, +1-866-644-4129 (Toll-free; US + Canada only), +1 201-680-6578 (Toll; outside US + Canada). Closing of transaction with IFF is subject to regulatory approval and customary closing conditions. Income (loss) from continuing operations before income taxes. The impact of lower demand, cost associated with idled facilities, and portfolio changes more than offset manufacturing productivity gains, approximately $150 million of non-manufacturing cost savings and strong demand in semiconductors, smartphones, water, Tyvek® protective garments, and health & wellness. Reconciliation of "Income (Loss) from continuing operations, net of tax" to "Operating EBITDA", Loss (income) from continuing operations, net of tax (GAAP), + Provision for income taxes on continuing operations, + Costs historically allocated to the materials science and agriculture businesses 3, 1. The company completed the separation of its agriculture business into a separate and independent public company on June 1, 2019, by way of a pro rata dividend-in-kind of all the then outstanding stock of Corteva, Inc. (the "Corteva Distribution"). Safety & Construction Safety & Construction reported net sales of $1.2 billion, down 6 percent from the year-ago period. DuPont Q2 2020 Earnings Preview Jul. Capital expenditures of approximately $200 million resulted in free cash flow(2) of $1.1 billion. 2Q20 Net Sales of $4.8 billion, down … View as PDF and view charts here.. WILMINGTON, Del., May 5, 2020 - DuPont (NYSE: DD) today announced financial results for the first quarter 2020. issued 2020: 733,845,391 shares; 2019: 738,564,728 shares), DuPont de Nemours, Inc. Consolidated Statement of Cash Flows. DuPont (NYSE: DD) today announced financial results for the first quarter 2020. +1-866-644-4129 (Toll-free; US + Canada only) Includes Board approved restructuring plans and other asset related charges. 2019. 29, 2020 1:46 PM ET DuPont de Nemours, Inc. (DD) By: Vandana Singh , SA News Editor DuPont (NYSE: DD ) is scheduled to announce Q2 earnings … DuPont trades for about 17 times estimated 2020 earnings, in line with other chemical companies in the S&P. Net income (loss) from continuing operations available for DuPont common stockholders. Copy and paste multiple symbols separated by commas. Adjusted earnings per common share from continuing operations - diluted ("Adjusted EPS"), is defined as earnings per common share from continuing operations - diluted, excluding the after-tax impact of significant items, after-tax impact of amortization expense associated with intangibles acquired as part of the DWDP Merger and the after-tax impact of non-operating pension / OPEB benefits / charges. 2,326. These items are uncertain, depend on various factors, and could have a material impact on U.S. GAAP results for the guidance period. Management estimates these integration and separation costs in 2020 to be approximately $600 million - $650 million on a pre-tax basis, or approximately $0.60 - $0.70 per share. Currency and portfolio impacts were both neutral versus third quarter 2019. Reflects the net benefit related to the sale of the trichlorosilane business ("TCS") and equity stake in Hemlock Semiconductor JV (collectively, "TCS/Hemlock"), which includes a settlement of a supply agreement dispute, within the Non-Core segment. We delivered strong performance demonstrating the value our market-leading innovation and technology provides in key end-markets such as semiconductors, smartphones, water filtration, probiotics, and personal protective equipment. Sign up now to receive up-to-date info for press releases, events, end-of-day stock quote. On April 1, 2019, the company completed the separation of its materials science business into a separate and independent public company by way of a pro rata dividend-in-kind of all the then outstanding stock of Dow Inc. (the "Dow Distribution"). Restructuring or integration activities or other costs following the Distributions that may be incurred to achieve cost or growth synergies of DuPont are not reflected. That’s a big discount to the 20 times multiple for the S&P. 8. Operating EBITDA for the segment was $357 million, an increase of 12 percent from operating EBITDA of $320 million in the year-ago period, driven primarily by strong volume growth and continued productivity actions. "In the face of an unprecedented health, financial, and humanitarian crisis, we are prioritizing the safety and well-being of our employees, customers, suppliers, and other stakeholders," said Ed Breen, DuPont Executive Chairman and Chief Executive Officer. Management believes free cash flow, even though it may be defined differently from other companies, is useful to investors, analysts and others to evaluate the Company's cash flow and financial performance, and it is an integral measure used in the Company's financial planning process. Type a symbol or company name. +1 201-680-6578 (Toll; outside US + Canada) Operating Activities Adjustments to reconcile net (loss) income to net cash provided by (used for) operating activities: Depreciation and amortization. Refer to pages 14 and 15 for details of significant items. Currency was neutral. Pharma Solutions sales were flat with the prior year. 11. These events include, among others, the impact of portfolio changes, including asset sales, mergers, acquisitions, and divestitures; contingent liabilities related to litigation, environmental and indemnifications matters; impairments and discrete tax items. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. DuPont De Nemours annual and quarterly earnings per share history from 2006 to 2020. and (x) other risks to DuPont's business, operations and results of operations including from: failure to develop and market new products and optimally manage product life cycles; ability, cost and impact on business operations, including the supply chain, of responding to changes in market acceptance, rules, regulations and policies and failure to respond to such changes; outcome of significant litigation, environmental matters and other commitments and contingencies; failure to appropriately manage process safety and product stewardship issues; global economic and capital market conditions, including the continued availability of capital and financing, as well as inflation, interest and currency exchange rates; changes in political conditions, including tariffs, trade disputes and retaliatory actions; impairment of goodwill or intangible assets; the availability of and fluctuations in the cost of energy and raw materials; business or supply disruption, including in connection with the Distributions; ability to effectively manage costs as the company's portfolio evolves; security threats, such as acts of sabotage, terrorism or war, global health concerns and pandemics, natural disasters and weather events and patterns which could or could continue to result in a significant operational event for DuPont, adversely impact demand or production; ability to discover, develop and protect new technologies and to protect and enforce DuPont's intellectual property rights; unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, as well as management's response to any of the aforementioned factors. In contemplation of the Distributions and to achieve the respective credit profiles of each of DuPont, Dow, and Corteva, in the fourth quarter of 2018, DowDuPont consummated a public underwritten offer of eight series of senior unsecured notes (the "2018 Senior Notes") in the aggregate principal amount of $12.7 billion and entered into a term loan agreement consisting of two term loan facilities (the "Term Loan Facilities") in the aggregate principal amount of $3.0 billion. Nine Months Ended 2019. DuPont de Nemours, Inc. (DD Quick Quote DD - Free Report) is scheduled to come up with its second-quarter 2020 results, before the opening bell on … This earnings release includes information that does not conform to accounting principles generally accepted in the United States of America ("U.S. GAAP") and are considered non-GAAP measures. Adjustments to reconcile net (loss) income to net cash provided by operating activities: Credit for deferred income tax and other tax related items, Earnings of nonconsolidated affiliates (in excess of) less than dividends received, Net periodic pension benefit cost (credit), Net gain on sales of assets, businesses and investments, Amortization of merger-related inventory step-up. WILMINGTON, Del., Jan. 30, 2020 – DuPont (NYSE: DD) today announced financial results for the fourth quarter and full year 2019. There were no pro forma adjustments for the three or nine months ended September 30, 2020 and for the three months ended September 30, 2019. Includes interest expense, net and financing fee amortization related to committed financing incurred in connection with the intended separation of the N&B Business. Check back later for our full write up on DuPont’s earnings report! DuPontTM and all products, unless otherwise noted, denoted with TM, SM or ® are trademarks, service marks or registered trademarks of affiliates of DuPont de Nemours, Inc. Cautionary Statement Regarding Forward Looking Statements Common stock (authorized 1,666,666,667 shares of $0.01 par value each; issued 2020: 733,845,391 shares; 2019: 738,564,728 shares), Significant items included in equity earnings, + Costs historically allocated to the materials science and agriculture businesses, Cash provided by operating activities (GAAP), Less: Costs historically allocated to the materials science and agriculture businesses. Good day, and welcome to the DuPont … 2. Net (loss) income $ (3,153) $ 412. Volume declined 9 percent due to lower auto builds. agreement to sell Biomaterials signed in October 2020 for $240 million • Intended merger of Nutrition & Biosciences business with IFF received shareholder approval; transaction continues to be on-track for a 1Q 2021 closing WILMINGTON, Del., October 29, 2020 - DuPont (NYSE: DD) today announced financial results for the third quarter 2020. DuPont expects adjusted earnings per share for full-year 2020 in the band of $3.17-$3.21. Three Months Ended 3. 4. “Our team remains committed to emphasizing the safety and well-being of our employees, prioritizing the needs of our customers, and executing on a playbook that enables us to quickly respond to the changing environment” said Ed … This decline is mostly attributable to non-cash impairment charges associated with Non-Core businesses, higher merger-related amortization expense and lower segment results, partially offset by gains associated with divestitures of Non-Core businesses. DuPont de Nemours, Inc. (DD - Free Report) recorded a loss (on a reported basis) from continuing operations of $3.37 per share for second-quarter 2020, wider than a loss of $1.48 … "This commitment is evident in the results we announced today. Investors can access information included on the Investor Relations section of the website at www.investors.dupont.com. A detailed discussion of some of the significant risks and uncertainties which may cause results and events to differ materially from such forward-looking statements is included in the section titled "Risk Factors" (Part I, Item 1A) of DuPont's 2019 Annual Report on Form 10-K and as updated by DuPont's subsequent periodic and current reports filed with the SEC. *The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates. Non-CoreNon-Core reported net sales of $331 million, down 23 percent from the year-ago period. The sale of the trichlorosilane business and the Hemlock Semiconductor joint venture provided $550 million of additional pre-tax cash proceeds in the quarter. 2019. Operating EBITDA for the segment totaled $324 million, a decrease of 8 percent from operating EBITDA of $352 million in the year-ago period. Includes interest expense, net and financing fee amortization related to committed financing in connection with the intended separation of the N&B Business. Price, currency and portfolio impacts were each neutral versus third quarter 2019. (2) On September 16, 2020, Nutrition & Biosciences, Inc. (presently a wholly owned subsidiary of DuPont) completed an offering of $6.25 billion of senior unsecured notes. DuPont Q2 2020 Earnings Preview Jul. Net sales totaled $5.1 billion, down 6 percent versus the year-ago period on both an as reported and organic basis. 29, 2020 1:46 PM ET DuPont de Nemours, Inc. (DD) By: Vandana Singh , SA News Editor DuPont (NYSE: DD ) is scheduled to announce Q2 earnings … 2,326. Operating EBITDA for the segment was $242 million, a decrease of 21 percent from operating EBITDA of $306 million in the year-ago period, as savings from productivity actions were more than offset by volume declines, lower price, and the impact of temporarily idled facilities. 3. Zacks Rank These costs are no longer incurred by the Company following the Distributions. Changes in assets and liabilities, net of effects of acquired and divested companies: Proceeds from sales of property, businesses, and ownership interests in nonconsolidated affiliates, net of cash divested, Acquisitions of property and businesses, net of cash acquired, Proceeds from sales and maturities of investments, Cash provided by (used for) investing activities, Employee taxes paid for share-based payment arrangements, Distributions to noncontrolling interests, Cash held by Dow and Corteva at the respective Distributions, Cash provided by (used for) financing activities, Effect of exchange rate changes on cash, cash equivalents and restricted cash, Increase (Decrease) in cash, cash equivalents and restricted cash, Cash, cash equivalents and restricted cash from continuing operations, beginning of period, Cash, cash equivalents and restricted cash from discontinued operations, beginning of period, Cash, cash equivalents and restricted cash at beginning of period, Cash, cash equivalents and restricted cash from continuing operations, end of period, Cash, cash equivalents and restricted cash from discontinued operations, end of period, Cash, cash equivalents and restricted cash at end of period, DuPont de Nemours, Inc. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Selected Financial Information and Non-GAAP Measures, Equity in Earnings of Nonconsolidated Affiliates, Significant items included in equity earnings 1, Equity earnings included in operating EBITDA (non-GAAP), Equity earnings included in operating EBITDA by segment, Total equity earnings included in operating EBITDA (non-GAAP). View as PDF and view charts here.. WILMINGTON, Del., October 29, 2020 - DuPont (NYSE: DD) today announced financial results for the third quarter 2020. "Execution of these Non-Core divestitures and the continued progress towards the anticipated closing of the Nutrition & Biosciences transaction(1) in the first quarter 2021 exemplify our commitment to create both market-leading businesses and value for our shareholders.". DuPont de Nemours, Inc. Consolidated Statement of Cash Flows. DuPont de Nemours, Inc. (NYSE:DD) Q3 2020 Earnings Conference Call October 29, 2020 8:00 AM ET Company Participants. Net (loss) income $ (3,081) $ 35. 6. Costs previously allocated to the materials science and agriculture businesses that did not meet the definition of expenses related to discontinued operations in accordance with ASC 205. node.dataset.value : node.getAttribute('data-value'); if (selectedValue) { for (var j = 0; j < node.options.length; j++) { if(node.options[j].value === selectedValue) { node.options[j].selected = 'selected';break;}}}}}, Nasdaq Boardvantage Board Portal Software, Do Not Sell My Personal Information (CA Residents Only). Leland Weaver – Investor Relations. Reflects non-cash goodwill impairment charges recorded as follows: $533 million charge recorded in the first quarter 2020 related to the Non-Core segment; a $2,498 million charge recorded in the second quarter 2020 related to the Transportation & Industrial segment, and $183 million in charges recorded in the third quarter of 2020 related to the Non-Core segment. "Our team remains committed to emphasizing the safety and well-being of our employees, prioritizing the needs of our customers, and executing on a playbook that enables us to quickly respond to the changing environment" said Ed Breen, DuPont Executive Chairman and Chief Executive Officer. DuPont de Nemours, Inc. Consolidated Statements of Operations, In millions, except per share amounts (Unaudited). Within Health & Biosciences, double-digit growth in both probiotics and home and personal care markets was more than offset by continued weakness in biorefinery and microbial control. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. These risks are and will be more fully discussed in DuPont's current, quarterly and annual reports and other filings made with the U.S. Securities and Exchange Commission, in each case, as may be amended from time to time in future filings with the SEC. Significant items are items that arise outside the ordinary course of the Company's business that management believes may cause misinterpretation of underlying business performance, both historical and future, based on a combination of some or all of the item's size, unusual nature and infrequent occurrence. 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Nutrition & Biosciences segment refer to page 17 for additional detail on the Investor Relations Events and Presentations.! Quarterly earnings per share for full-year dupont earnings 2020 in the future, once the company the. Nemours annual and quarterly earnings per share history from 2006 to 2020 the performance of the webcast also will updated! Selecting it and pressing Enter/Return a record quarter with net sales for the year are forecast be! Management uses these measures internally for planning, forecasting and dupont earnings 2020 the performance of the trichlorosilane reduced...