DuPont: Q3 EPS up 12%

(CercleFinance.com) - DuPont de Nemours has reported adjusted EPS up 12% to 92 cents for Q3 2023, despite an operating EBITDA margin that fell half a point to 25.
3% on revenues that are down 8% to $3.06bn (-10% on an organic basis). NB: pmt -2.6%.

Pointing to volume headwinds from destocking and continued weakness in China, management said that DuPont was continuing to control spending and was preparing further restructuring measures.

For FY 2023, the chemicals group expects adjusted EPS of around $3.45, operating EBITDA of around $2.975bn and revenues of around $12.17bn.



Copyright (c) 2023 CercleFinance.com. All rights reserved.