Dupont De Nemours Inc Stock Price, News & Analysis

DuPont (NYSE: DD) has won two 2024 R&D 100 Awards in the Mechanical/Materials category, recognizing the 100 most innovative technologies of the previous year. The winning products are:

1. BETAFORCE™ elastic structural adhesive: Developed for EV battery assembly, particularly pouch cell bonding. It bonds aluminum laminated film substrates without primers, offers durability and crashworthiness benefits, and contains 30% renewable and bio-based materials.

2. Tyvek® Trifecta™ A2 Breather Membrane: An A2 fire-rated breather membrane for high-rise buildings above 18 meters. It allows water vapor escape without ventilation and is compatible with UK building regulations for fire safety.

These awards demonstrate DuPont's strategic investments in advanced mobility and sustainable construction, showcasing their commitment to innovation and addressing global challenges.

DuPont (NYSE: DD) has been awarded two 2024 Sustainability Awards by the Business Intelligence Group. The company received Sustainability Product of the Year for its AmberLite™ P2X110 ion exchange resin, which supports the production of green hydrogen from water. Additionally, DuPont won Sustainability Initiative of the Year for its novel non-HDA formulation for post-etch cleans in semiconductor production.

The AmberLite™ P2X110 resin is designed to withstand the unique challenges of Proton Exchange Membrane (PEM) electrolyzer loops during green hydrogen production. This process uses renewable energy-powered electrolysis to split water molecules into hydrogen and oxygen gas, resulting in minimal greenhouse gas emissions.

DuPont's non-HDA post-etch cleans offer an improved safety and sustainability profile for semiconductor fabrication. The new formulation effectively removes residues from substrates after various etch processes without using hydroxylamine (HDA).

DuPont (NYSE: DD) reported its Q2 2024 financial results, showing positive momentum with net sales of $3.2 billion, a 2% increase year-over-year. The company achieved GAAP EPS from continuing operations of $0.40 and adjusted EPS of $0.97, a 14% increase from Q2 2023. DuPont's operating EBITDA rose 8% to $798 million, with a margin of 25.2%. The company's performance was driven by broad-based electronics market recovery and improvements in Water & Protection business lines. DuPont has raised its full-year 2024 guidance for net sales, operating EBITDA, and adjusted EPS, reflecting confidence in its strategic direction and market conditions.

DuPont (NYSE: DD) has completed the acquisition of Donatelle Plastics, a leading medical device company specializing in medical components and devices. The acquisition brings complementary advanced technologies and capabilities to DuPont's Electronics & Industrial segment, including medical device injection molding, liquid silicone rubber processing, precision machining, device assembly, and tool building.

Donatelle, with over 400 employees, will become part of the Industrial Solutions line of business. The company has a strong growth profile with offerings aligned to attractive therapeutic areas such as electrophysiology, drug delivery, diagnostics, cardiac rhythm management, neurostimulation, and orthopedic extremities. This acquisition is expected to enhance DuPont's healthcare offerings and expand its capabilities in the medical device sector.

DuPont (NYSE: DD) has announced its schedule for the release of second quarter 2024 financial results. The company will disclose its earnings at 6:00 a.m. ET on Wednesday, July 31, 2024, followed by a conference call at 8:00 a.m. ET on the same day. Investors can access the live webcast of the event through DuPont's Investors Relations webpage. For those unable to attend the live event, a replay will be available along with the earnings release and supporting materials on the company's website. Interested parties can also join the conference call via phone using the toll-free number 888-440-4172 within the U.S. or +1-646-960-0673 internationally, with the conference ID 5994046.

DuPont's Tyvek® production facility at the Spruance manufacturing plant in Richmond has achieved ISCC PLUS certification, marking it as the second DuPont site to earn this status after the Luxembourg plant in November 2023.

This certification underscores DuPont's commitment to sustainability, allowing the production of Tyvek® with sustainable raw materials and verifying the entire supply chain's sustainability. The ISCC PLUS certification aims to reduce the carbon footprint and promote a circular economy by replacing fossil fuel-based materials with sustainable alternatives.

David Domnisch, Vice President and General Manager of DuPont Tyvek® and Typar®, emphasizes the integration of ISCC PLUS certification to support customers' journeys toward net zero emissions. DuPont's 2024 Sustainability Report highlights a 58% reduction in Scope 1 and 2 emissions and a 39% reduction in Scope 3 emissions from the baseline years, demonstrating significant progress in their sustainability goals.

For more details, visit www.dupont.com/sustainability.

DuPont (NYSE: DD) will participate in SEMICON West 2024, showcasing its Kalrez® perfluoroelastomer parts, renowned for their sealing capabilities in semiconductor applications. From July 9-11, 2024 in San Francisco, DuPont will introduce innovations including the Kalrez® Bonded Door Seal (BDS) designed for gate valves and slit valve doors, reducing waste and enhancing performance in processes like plasma etching and CVD. Additionally, DuPont's low permeation seals and an innovative bonding method for Kalrez® components will be featured. This year marks the 50th anniversary of Kalrez®, underscoring DuPont's long-term commitment to innovation. The recent opening of a new manufacturing facility in Newark, Delaware, boosts production capacity to meet growing demand. DuPont will also sponsor events at SEMICON West, including the Sustainability Reception, and offer tours of its Silicon Valley Technology Center.

DuPont (NYSE: DD) has announced a regular quarterly dividend of $0.38 per share on its common stock. This dividend will be payable on September 16, 2024, to shareholders who are on record as of August 30, 2024. The par value of the common stock is $0.01 per share. The declaration reflects the company's ongoing commitment to delivering consistent returns to its shareholders.

DuPont (NYSE: DD) has signed an agreement to acquire Donatelle Plastics Incorporated, a premier medical device contract manufacturer. The deal is expected to close in the third quarter of 2024, pending customary closing conditions and regulatory approval. This acquisition aims to enhance DuPont's healthcare offerings within its Electronics & Industrial segment.

Donatelle's expertise in medical device injection molding, liquid silicone rubber processing, precision machining, and device assembly will complement DuPont's existing capabilities. Donatelle, founded in 1967 and headquartered in New Brighton, Minnesota, employs over 400 people and has a robust financial growth profile.

The acquisition will expand DuPont's presence in high-growth therapeutic areas, including electrophysiology, drug delivery, diagnostics, cardiac rhythm management, neurostimulation, and orthopedic extremities. DuPont aims to leverage Donatelle's innovative manufacturing solutions to improve patient outcomes globally.