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DuPont Lifts Outlook On Strong Demand In Key Markets
DuPont de Nemours, Inc. (NYSE:DD) stock gained on Tuesday after it beat second-quarter expectations on both earnings and revenue and raised its full-year adjusted earnings outlook, citing strong demand across electronics, healthcare, and water markets. The company reported adjusted earnings per share of $1.12 for the quarter, above the $1.06 analyst estimate. Net sales rose 3% year-over-year to $3.26 billion, topping the $3.23 billion consensus. Sales growth was driven by a 4% increase in volume, partially offset by a 2% decline in price. Organic sales rose 2%. Also Read: GAAP income from continuing operations was $238 million, or 54 cents per share, compared with $176 million, or 40 cents per share, in the same period last year. Adjusted EPS rose 15% from the prior-year quarter, driven by higher segment earnings and a lower tax rate. Operating EBITDA increased 8% to $859 million, with margin expanding 120 basis points to 26.4%. Cash provided by operating activities from continuing operations totaled $381 million. After $116 million in capital expenditures and $168 million in separation-related transaction costs, transaction-adjusted free cash flow reached $433 million. View more earnings on DD ElectronicsCo reported a 6% increase in sales to $1.17 billion, supported by 8% volume growth. Semiconductor Technologies grew in the mid-single digits, while Interconnect Solutions rose in the high-single digits. Segment operating EBITDA rose 14% to $373 million, with margin improving 220 basis points to 31.9%. IndustrialsCo sales increased 1% to $2.09 billion, with 2% volume growth offset by a 1% price decline. Healthcare & Water Technologies grew in the high single digits, while Diversified Industrials declined due to ongoing weakness in construction markets. Segment operating EBITDA rose 3% to $509 million, with margin improving 50 basis points to 24.4%. DuPont ended the quarter with $1.84 billion in cash and $5.33 billion in long-term debt. The company confirmed it remains on schedule for the planned Nov. 1, 2025, spin-off of its Electronics business, Qnity. CEO Lori Koch stated, "Ongoing strength in electronics, healthcare and water end-markets, along with our team's focus on operational execution continued to drive strong earnings growth and cash conversion." Outlook The company raised its full-year 2025 adjusted EPS guidance from a prior range of $4.30–$4.40 to approximately $4.40, exceeding the $4.26 analyst estimate. It also narrowed its full-year net sales forecast from $12.80–$12.90 billion to $12.85 billion, ahead of the $12.78 billion consensus. Guidance now includes a $20 million headwind from tariffs, or 4 cents per share. For the third quarter, DuPont expects adjusted EPS of $1.15 and revenue of $3.32 billion, ahead of analyst estimates of $1.13 and $3.29 billion, respectively. Price Action: At last check Tuesday, DD shares were trading higher by 5.9% to $74.52 premarket. Read Next:Photo by Sundry Photography via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? DUPONT DE NEMOURS (DD): Free Stock Analysis Report This article DuPont Lifts Outlook On Strong Demand In Key Markets originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
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AI startup by Columbia graduates raises $7 million to target midsize law firms
By Niket Nishant (Reuters) -August, an AI startup founded by Columbia University alumni and that caters to midsize law firms, said on Tuesday it had raised $7 million in a seed funding round led by venture capital firms NEA and Pear VC. WHY IT MATTERS AI's ability to handle routine, document-heavy tasks is unlocking new efficiencies for lawyers, particularly because the legal field is built on vast volumes of literature such as case law, contracts and filings. By automating time-consuming paperwork, AI platforms such as August are freeing up lawyers to focus on higher-value work. It also helps to cut costs, a crucial benefit for midsize law firms that lack the resources of their deep-pocketed rivals. CONTEXT August was founded in 2023 by Rutvik Rau, Thomas Bueler-Faudree and Joseph Parker, who met at Columbia University. Besides NEA and Pear VC, the startup secured backing from angel investor Gokul Rajaram, Ramp's vice president of product Geoff Charles, OpenAI's head of engineering David Azose and Bain Capital Ventures partner Kevin Zhang. The company is based in New York and currently has a team of 12. It expects to expand the workforce to 25 to 30 by the end of the year, Rau told Reuters in an interview. August operates in a competitive arena dominated by some established players, most notably Harvey, an OpenAI-backed legal AI startup, which caters to elite law firms and big professional services companies. KEY QUOTES "The future is one where AI partners with individuals to be a step further than where the industry is today," Rau said. "We're enabling lawyers to be more productive by eliminating some of the work, so they can actually spend a lot more time working with their clients, understanding their needs and being the strategic value partner for them."
Yahoo
17 minutes ago
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Pathlight Capital Agents $225,000,000 Senior Secured Credit Facility for J.G. Wentworth Company, LLC
BOSTON, Aug. 5, 2025 /PRNewswire/ -- Pathlight Capital LP ("Pathlight" or "Pathlight Capital") today announced that it is serving as the Administrative Agent on a $225 million senior secured credit facility for JGW Debt Settlement, LLC ("JG Wentworth" or the "Company"), a provider of success fee-based debt resolution services. JG Wentworth is a nationally recognized direct-to-consumer brand offering unique financial solutions that help individuals with their "CASH NOW" needs. In recent years, the Company has strategically expanded its platform to include debt resolution services, leveraging its brand awareness and consumer-focused capabilities to drive growth in this segment. Shop Top Mortgage Rates Your Path to Homeownership A quicker path to financial freedom Personalized rates in minutes Proceeds from the credit facility will be used to refinance existing debt and support the continued expansion of the Company's debt resolution business. Doug Nicholson, Managing Director at Pathlight Capital, commented, "Pathlight is pleased to support JG Wentworth and its trusted brand as they expand their debt resolution platform. We look forward to a long-term partnership and to supporting the Company's continued growth and strategic evolution." "Securing this growth capital from Pathlight Capital marks an important milestone for our company. It's a strong endorsement of our vision, our debt resolution team, and the momentum we've built since entering this industry," said Randi Sellari, CEO of JG Wentworth. About Pathlight CapitalPathlight Capital is a private credit investment manager dedicated to meeting the needs of companies that operate across a broad range of industries by providing asset-based loans secured on a first or second lien basis against tangible and intangible assets. Pathlight aims to provide creative financing solutions to allow management teams to access incremental liquidity for the purposes of funding working capital, debt refinancings, growth, acquisitions, dividends and turnaround strategies. For more information, please visit About JG Wentworth Company, LLCJG Wentworth is more than a consumer financial services company that focuses on helping Americans achieve their financial goals – it's a beloved iconic brand. Their "877-CASH-NOW" jingle has permeated pop culture for over 30 years and was most recently featured on the final season of "Curb Your Enthusiasm." Powered by over 800 dedicated employees nationwide, JG Wentworth brings unique financial services to everyday Americans, including: Debt Resolution, Structured Settlement Payment Purchasing, Personal Lending, and their recently launched Financial Services Marketplace. Headquartered in Chesterbrook, Pennsylvania, JG Wentworth was honored with the Philadelphia Top Workplaces Award in 2023, 2024, and 2025, and was also recognized by USA Today as a Top Workplace in both 2024 and 2025. For more information, please visit The information presented in this release is the opinion of Pathlight Capital LP and does not reflect the view of any other person or entity. The above is for information purposes and should not be construed as an investment recommendation. This release may contain an endorsement from an individual who may be supporting or recommending the activities of Pathlight Capital LP. Such individual has not been compensated directly or indirectly by Pathlight Capital LP for the use of his statements. The statements represent endorsement by that individual only and may not represent the experience of all counterparties. View original content to download multimedia: SOURCE Pathlight Capital Sign in to access your portfolio
