DD - Why Is Chemicals Company DuPont Stock Shooting Higher Today? | Benzinga
DuPont De Nemours, Inc. (NYSE:DD) reported a fourth-quarter fiscal 2023 sales decline of 7% year-over-year to $2.898 billion, missing the consensus of $2.929 billion.
An organic sales decline of 10% reflects lower volume driven by the impact of channel inventory destocking within Safety Solutions.
Electronics & Industrial sales $1.36 billion (+1% Y/Y) and Water & Protection sales $1.28 billion (-15% Y/Y).
Operating EBITDA fell 6% Y/Y to $715 million, and the margin expanded 30 bps to 24.7%. Adjusted EPS was $0.87 (-2% Y/Y), above the consensus of $0.85.
Operating cash flow for the ...