DD - DuPont De Nemours Reports Mixed First Quarter Sees Hope On The Horizon | Benzinga
DuPont De Nemours, Inc. (NYSE: DD) reported a first-quarter fiscal 2024 sales decline of 3% year-over-year to $2.931 billion, beating the consensus of $2.813 billion.
Organic sales fell 6%, reflecting a 5% decrease in volume and a 1% decrease in price. Organic sales by region YoY: EMEA -8%, U.S./Canada -7% and Asia Pacific -4%.
Ed Breen, DuPont Executive Chairman and CEO, said, “The first quarter was encouraging as the electronics market saw continued recovery, demonstrated by 11 percent year-over-year volume growth in Semiconductor Technologies and another quarter of volume growth in Interconnect Solutions.”
Electronics & Industrial sales totaled $1.365 billion (+5% Y/Y), and the operating EBITDA margin ...