DuPont de Nemours, Inc. - $DD STOCK NEWS

DuPont (NYSE: DD) unveils a new partnership with a leading biotech company to develop innovative solutions for sustainable agriculture.

DuPont to showcase advanced circuit materials and solutions at Intelligent Asia Thailand 2024, focusing on AI-enabling solutions for the electronics industry. The event will feature DuPont's extensive portfolio in signal integrity, power transmission, and thermal management, highlighting their commitment to customer value and innovation in AI and HPC integration.

DuPont introduces Tyvek® Protec™ PSU peel and stick underlayment, enhancing its roofing underlayment system with high-performance features. The product offers UV resistance, slip-resistant surface, and easy installation, catering to critical roof areas susceptible to leaks. DuPont aims for a full commercial scale-up in 2024, providing a comprehensive solution for roof underlayment needs.

DuPont Personal Protection announces winners of the 10th annual Protection Innovation Award for innovative use of Kevlar® and/or Nomex® materials in gloves or sleeves. Three products awarded for their design, comfort, and protection benefits in various industries.

Ed Breen, CEO, and Lori Koch, CFO of DD, will participate in a fireside chat at the Barclays Industrial Select Conference. The event will be live-streamed on the DuPont Investor Relations webpage.

DuPont's FilmTec™ LiNE-XD nanofiltration membrane elements named finalist in 2024 Edison Awards for lithium brine purification, aiding in cleaner lithium extraction and water recovery.

DuPont (NYSE: DD) announced its fourth-quarter and full-year 2023 financial results, reporting a 7% decrease in net sales and a GAAP loss from continuing operations of $300 million. The company also announced a new $1 billion share repurchase program and a 6% increase in quarterly dividends. Despite challenges in end-markets and economic softness in China, the company remains confident in its portfolio's strength and is focusing on capital allocation and value creation for shareholders.

DuPont (NYSE: DD) launches Tyvek® Sustainable Healthcare Packaging Awards to recognize sustainability in the healthcare industry. The awards program is open to medical device and pharmaceutical manufacturers, sterile packaging manufacturers, healthcare facilities, universities, and other healthcare companies focused on sustainable packaging made with DuPont™ Tyvek® material. The initiative or solution must be implemented within the last 18 months and show significant sustainability-focused achievement and resulting metrics.

DuPont (NYSE: DD) announced preliminary financial results for the fourth quarter and full year ended December 31, 2023, provided an initial outlook for the first quarter of 2024, and scheduled its fourth-quarter 2023 quarterly earnings conference call. The company reported net sales of approximately $2.90 billion for the fourth quarter and $12.07 billion for the full year. It also provided an initial outlook for the first quarter of 2024, with net sales expected to be approximately $2.8 billion and operating EBITDA expected to be approximately $610 million. However, the company expects sequential sales and earnings to decline in the first quarter of 2024 due to lower volume environment, weak demand in China, and channel inventory destocking within its industrial businesses. Additionally, DuPont identified a triggering event as of December 31, 2023, and performed an impairment analysis of the Protection reporting unit within the Water & Protection segment, expecting to record a non-cash goodwill impairment charge in the range of $750 million to $850 million. The company will provide more detail on the fourth quarter and full year 2023, as well as its 2024 outlook as part of its fourth-quarter earnings conference call on February 6th.