Latest news with #AntonellaFranzen
Yahoo
05-08-2025
- Business
- Yahoo
DuPont Tops Estimates, Raises Outlook on Sales Increase, Lower Tariff Impact
Key Takeaways DuPont exceeded profit and revenue estimates on higher sales and volumes, as well as a tax break. The chemicals and materials maker also raised its guidance as it sees a lower tariff impact than it earlier had anticipated. CEO Lori Koch said the planned spinoff of DuPont's electronics business remains on track to be completed as planned on Nov. (DD) shares rose Tuesday when the chemicals and materials manufacturer posted better-than-expected results and boosted its guidance on higher sales and volumes, plus a tax benefit. It also lowered its anticipated tariff hit. The Delaware-based company reported second-quarter adjusted earnings per share (EPS) of $1.12 on revenue that increased 3% year-over-year to $3.26 billion. Analysts surveyed by Visible Alpha had expected $1.06 and $3.24 billion, respectively. ElectronicsCo unit revenue increased 6% to $1.17 billion, driven by demand for artificial intelligence technology applications. Revenue at the IndustrialsCo segment was up 1% to $2.09 billion on growth in Healthcare & Water Technologies sales. CEO Lori Koch explained that as a result of the strong performance, DuPont was increasing its full-year outlook, which incorporates a new analysis tariffs. CFO Antonella Franzen said the company now sees 2025 adjusted EPS of approximately $4.40, with an impact of $0.04 per share from what it believes will be a $20 million headwind from tariffs. In the first quarter, Franzen predicted tariff costs of $60 million, with a $0.10 drag on adjusted EPS of $4.30 to $4.40. Koch added that the company is on track to complete its planned spinoff of its electronics business on Nov. 1. Even with today's 3% gains, DuPont shares remain nearly 5% lower for the year. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CTV News
05-08-2025
- Business
- CTV News
DuPont forecasts Q3 results above estimates on robust electronics, healthcare demand
The company name of Dupont appears above its trading post on the floor of the New York Stock Exchange. Industrial materials maker DuPont on Tuesday forecast current-quarter revenue and profit above Wall Street estimates, benefiting from strength in its electronics and healthcare segments, sending its shares up four per cent in premarket trading. The company also said it beat second-quarter profit estimates, which blunted the impact of tariffs. Demand for semiconductors has been rapidly increasing due to the proliferation of artificial intelligence-based technology, benefiting companies such as DuPont, which supports advanced chip manufacturing, packaging and assembly processes. For the third quarter, DuPont expects adjusted profit of US$1.15 per share, which is slightly above expectations of $1.14, according to data compiled by LSEG. The company forecast revenue of about $3.32 billion, also above analysts' average estimate of $3.30 billion. 'Our third-quarter guidance assumes about three per cent organic growth year-over-year with continued strength expected in healthcare, water and electronics end-markets, partially muted by continued weakness in construction end-markets,' DuPont CEO Antonella Franzen said. The Wilmington, Delaware-based company now expects full-year adjusted earnings of about $4.40 per share, compared with its previous forecast of $4.30 to $4.40 forecast. The company projected a $20 million tariff-related hit, or $0.04 per share, in the second half of 2025. The estimate is down from $60 million, or $0.10 per share, anticipated in the prior quarter, as companies continue to navigate fallout from U.S. President Donald Trump's sweeping trade policies. Earlier this year, DuPont had said that it planned to spin off its electronics business, the biggest in terms of turnover, by Nov. 1. Net sales at the electronics segment, which includes semiconductor technologies and interconnect solutions, rose to $1.17 billion during the April to June quarter from $1.10 billion a year earlier. Net sales at the industrials segment, which will remain with DuPont after the spinoff, rose marginally in the quarter to $2.09 billion. On an adjusted basis, DuPont posted a profit of $1.12 per share for the three months ended June 30, compared with analysts' estimates of $1.06. (Reporting by Pooja Menon in Bengaluru; Editing by Shinjini Ganguli)
Yahoo
05-08-2025
- Business
- Yahoo
DuPont forecasts Q3 results above estimates on robust electronics, healthcare demand
(Reuters) -Industrial materials maker DuPont on Tuesday forecast current-quarter revenue and profit above Wall Street estimates, benefiting from strength in its electronics and healthcare segments, sending its shares up 4% in premarket trading. The company also said it beat second-quarter profit estimates, which blunted the impact of tariffs. Demand for semiconductors has been rapidly increasing due to the proliferation of artificial intelligence-based technology, benefiting companies such as DuPont, which supports advanced chip manufacturing, packaging and assembly processes. For the third quarter, DuPont expects adjusted profit of $1.15 per share, which is slightly above expectations of $1.14, according to data compiled by LSEG. The company forecast revenue of about $3.32 billion, also above analysts' average estimate of $3.30 billion. "Our third-quarter guidance assumes about 3% organic growth year-over-year with continued strength expected in healthcare, water and electronics end-markets, partially muted by continued weakness in construction end-markets," DuPont CEO Antonella Franzen said. The Wilmington, Delaware-based company now expects full-year adjusted earnings of about $4.40 per share, compared with its previous forecast of $4.30 to $4.40 forecast. The company projected a $20 million tariff-related hit, or $0.04 per share, in the second half of 2025. The estimate is down from $60 million, or $0.10 per share, anticipated in the prior quarter, as companies continue to navigate fallout from U.S. President Donald Trump's sweeping trade policies. Earlier this year, DuPont had said that it planned to spin off its electronics business, the biggest in terms of turnover, by November 1. Net sales at the electronics segment, which includes semiconductor technologies and interconnect solutions, rose to $1.17 billion during the April-June quarter from $1.10 billion a year earlier. Net sales at the industrials segment, which will remain with DuPont after the spinoff, rose marginally in the quarter to $2.09 billion. On an adjusted basis, DuPont posted a profit of $1.12 per share for the three months ended June 30, compared with analysts' estimates of $1.06.
Reuters
05-08-2025
- Business
- Reuters
DuPont forecasts Q3 results above estimates on robust electronics, healthcare demand
Aug 5 (Reuters) - Industrial materials maker DuPont (DD.N), opens new tab on Tuesday forecast current-quarter revenue and profit above Wall Street estimates, benefiting from strength in its electronics and healthcare segments, sending its shares up 4% in premarket trading. The company also said it beat second-quarter profit estimates, which blunted the impact of tariffs. Demand for semiconductors has been rapidly increasing due to the proliferation of artificial intelligence-based technology, benefiting companies such as DuPont, which supports advanced chip manufacturing, packaging and assembly processes. For the third quarter, DuPont expects adjusted profit of $1.15 per share, which is slightly above expectations of $1.14, according to data compiled by LSEG. The company forecast revenue of about $3.32 billion, also above analysts' average estimate of $3.30 billion. "Our third-quarter guidance assumes about 3% organic growth year-over-year with continued strength expected in healthcare, water and electronics end-markets, partially muted by continued weakness in construction end-markets," DuPont CEO Antonella Franzen said. The Wilmington, Delaware-based company now expects full-year adjusted earnings of about $4.40 per share, compared with its previous forecast of $4.30 to $4.40 forecast. The company projected a $20 million tariff-related hit, or $0.04 per share, in the second half of 2025. The estimate is down from $60 million, or $0.10 per share, anticipated in the prior quarter, as companies continue to navigate fallout from U.S. President Donald Trump's sweeping trade policies. Earlier this year, DuPont had said that it planned to spin off its electronics business, the biggest in terms of turnover, by November 1. Net sales at the electronics segment, which includes semiconductor technologies and interconnect solutions, rose to $1.17 billion during the April-June quarter from $1.10 billion a year earlier. Net sales at the industrials segment, which will remain with DuPont after the spinoff, rose marginally in the quarter to $2.09 billion. On an adjusted basis, DuPont posted a profit of $1.12 per share for the three months ended June 30, compared with analysts' estimates of $1.06.
