Search DubaiPRNetwork.com

Home >> Others

DuPont Reports Second Quarter Results

Tuesday, August 6, 2019/ Editor -  

Share

Home >> Others
  • 2Q19 GAAP EPS from continuing operations of $(1.48); Adjusted EPS of $0.97, up 9 percent versus prior year
  • 2Q19 GAAP Income (loss) from continuing operations of $(1.1B); Operating EBITDA of $1.4B  
  • Operating EBITDA margins improve 170 basis points on disciplined cost control and higher local price
  • Raises full year pro forma adjusted EPS guidance to $3.75 to $3.85; lowers organic growth to slightly down versus prior year; driving additional cost actions
  • $2 billion share repurchase program authorized upon stand-up as independent company; $250 million repurchased to date

August 5, 2019 – DuPont (NYSE: DD) today announced financial results for the second quarter of 2019 and raised its full year guidance for pro forma adjusted EPS[1] to a range of $3.75 to $3.85.   

“In the face of weaker than expected market conditions, our teams delivered on our bottom-line commitments by driving both cost and pricing actions resulting in operating EBITDA[1] margin improvement of 170 basis points in the quarter,” said Marc Doyle, DuPont Chief Executive Officer.

“We also improved gross margin by more than 200 basis points with gains in each of our core segments,” Doyle continued.  “We delivered these results by continuing to realize the benefits from our cost synergy initiatives, enacting new productivity programs in the face of challenged end markets, and driving higher pricing based on the value-added solutions we deliver.

We saw strength in probiotics, water, safety, aerospace and healthcare end markets where we were able to capitalize on our strong customer relationships and innovative solutions.  However, our portfolio is diverse, and our top-line results were impacted by the on-going softness in our short-cycle businesses.”


Previous in Others

Next in Others


Home >> Others Section

Latest Press Release

Increasing Use of Screen-Time Causing Eye Problems in UAE Students

ATM Virtual Panel Advises Hoteliers not to Drop Room Rates, but to Focus on Sani ...

Dubai's Contemporary Art Institution Jameel Arts Centre re-opens to the Public

Abu Dhabi Exports Office and Sharjah Chamber of Commerce and Industry Partnershi ...

Dubai Chamber Analysis Examines Changing Consumer Behaviours in Covid-19 Era

The Ultimate At-Home Facial

Abdulla Al Ghurair Foundation for Education and Sawiris Foundation for Social De ...

Honeywell Announces Opening of Gas Detector Factory in Saudi Arabia

Electrocardiogram Monitoring Cleared for Galaxy Watch Active2 by South Korea's M ...

Dubai International Financial Centre Companies to Benefit from Master Employee H ...

‘America's Favourite Teacher' Stephen Ritz Outlines His Urban Farming Vision in ...

REPORT: Consumers See Tech Innovation as Critical for Future Sustainability

Urgent Implementation of ICAO COVID-19 Guidelines Needed

Kleindienst Group's Floating Seahorse Villas Are Setting Sail to Welcome Guests ...

Environmental Conservation an Increasing Concern for UAE Residents Ahead of Worl ...

The Legend Continues: Xiaomi Unveils Redmi Note 9 Pro and Redmi Note 9

Karl Lagerfeld Summer 2020 Off Duty Dressing

GEMS Education schools and students celebrate success at prestigious Sharjah Awa ...

A Taste of Tradition

How to Improve Your Sleep Routine When Working From Home