Dupont De Nemours Inc Stock Price, News & Analysis

DuPont reflects on the COP27 climate talks, stressing the urgent need for companies to adopt science-based greenhouse gas (GHG) targets. Despite the lack of substantial commitments from global leaders, DuPont emphasizes the necessity of reducing GHG emissions by 50% by 2030 to combat climate change effectively. The UNEP Emissions Gap Report highlights that global emissions continue to rise. DuPont calls on companies to engage with the Science Based Targets initiative (SBTi) to set actionable GHG reduction goals, fostering collaboration to address climate challenges.

DuPont aims to provide safe, clean water access globally, addressing critical water supply challenges.

Projects like the one at Fredericia brewery illustrate optimism in achieving water security through existing technologies.

By adopting innovative approaches and technologies, DuPont believes it's possible to overcome water scarcity issues and promote a water-optimized world.

For insights into DuPont DesaliTec™ CCRO technology, which offers high recovery rates with minimal operator input, visit their website.

DuPont will take part in a fireside chat at the Credit Suisse Global Industrials Conference on December 1, 2022, from 8:45 a.m. to 9:20 a.m. Executive Chairman Ed Breen and CFO Lori Koch will represent the company. The live audio webcast of the event can be accessed on the DuPont Investor Relations webpage. A replay will be available for 90 days after the presentation.

Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) has appointed Gregory R. Friedman as an independent director, effective immediately. Mr. Friedman, with over 30 years of experience, will also serve on the Audit Committee and the Compensation and Human Resources Committee. He brings significant expertise from his role as CFO at Mura Technology and previously at Corteva Agriscience (NYSE: CTVA) and DuPont (NYSE: DD). This appointment enhances Schnitzer's board, now composed of nine members, and supports the company's strategic initiatives to meet growing demand for recycled products in a low-carbon economy.

DuPont has announced a new $5.0 billion share repurchase program following its third quarter 2022 results, where net sales reached $3.3 billion, marking a 4% increase. The company reported a GAAP income from continuing operations of $359 million and earnings per share of $0.69. Organic sales increased by 11%, driven by strong demand in semiconductor and water sectors. DuPont plans to retire $2.5 billion in Senior Notes, expected to yield $100 million in annual interest savings.

DuPont (NYSE: DD) has officially terminated its agreement to acquire Rogers Corporation due to delays in obtaining necessary regulatory clearances. This decision comes with a termination fee of $162.5 million to be paid to Rogers. The acquisition was initially announced on November 2, 2021, pending regulatory approvals.

DuPont (NYSE: DD) announced its participation as a Founding Member of the Semiconductor Climate Consortium (SCC), aimed at enhancing climate actions within the semiconductor industry. The SCC seeks to champion progressive climate initiatives aligned with the Paris Agreement, targeting a global warming limit of 1.5°C. DuPont’s commitments include reducing GHG emissions by 30% and achieving carbon-neutral operations by 2050. The consortium will foster collaboration among semiconductor companies to address environmental challenges and enhance sustainability goals.

On November 1, 2022, DuPont (NYSE: DD) finalized the sale of its Mobility & Materials segment to Celanese for $11 billion in cash. This divestiture, part of a strategy to streamline operations, was officially announced on February 17, 2022, and has been reported as discontinued operations since Q1 2022. DuPont plans to disclose the intended use of the proceeds during its third quarter 2022 earnings call on November 8, 2022.

DuPont (NYSE: DD) is set to release its third quarter 2022 financial results on November 8, 2022, at 6:00 a.m. ET. The company will hold a conference call the same day at 8:00 a.m. ET, featuring Executive Chairman Ed Breen and CFO Lori Koch discussing the company's financial and operational performance. Investors can access the live webcast on DuPont's Investor Relations webpage, along with a replay and supporting documents post-event. The conference call can be joined via telephone with a designated toll-free number.