DuPont de Nemours Q1 sales declined 3% to $2.931bn, with organic sales down 6% due to volume and price decrease; electronics market recovered, and full-year guidance raised.
DuPont de Nemours reported a 3% decline in first-quarter sales to $2.931bn, beating the consensus of $2.813bn. Organic sales fell 6%, reflecting a 5% decrease in volume and a 1% decrease in price. The electronics market saw a continued recovery, demonstrated by 11% year-over-year volume growth in Semiconductor Technologies and another quarter of volume growth in Interconnect Solutions. DuPont raised its full-year guidance for net sales, operating EBITDA, and adjusted EPS, indicating a positive outlook for the remainder of 2024.
May 01, 2024
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