Dupont De Nemours Inc Stock Price, News & Analysis

DuPont's Executive Chairman and CEO Ed Breen, along with CFO Lori Koch, will participate in a fireside chat at Deutsche Bank's 13th Annual Global Materials Conference in New York on June 8, 2022, from 8:15 a.m. to 8:50 a.m. A live audio webcast of the presentation will be accessible via DuPont's Investor Relations webpage, with a replay available for one year following the event. DuPont is recognized as a global innovation leader, providing technology-based materials and solutions across various industries, including electronics, transportation, and healthcare.

DuPont (NYSE: DD) announced the election of Kristina M. Johnson to its Board of Directors during the 2022 Annual Meeting of Shareholders. Dr. Johnson brings a wealth of leadership experience across academia and business, currently serving as President of The Ohio State University. With a background in energy and engineering, she aims to enhance DuPont's innovation and sustainability strategies. Her induction is viewed as a significant step in strengthening the company's leadership and direction as it transforms into a multi-industrial entity.

DuPont reported a 9% rise in net sales to $3.3 billion for 1Q22, driven by strong demand across various sectors. The company's GAAP income from continuing operations was $232 million, reflecting a 40% decline compared to the previous year. Adjusted EPS rose 19% to $0.82. Despite challenges from inflation and supply chain issues, DuPont successfully offset these costs through pricing actions. The outlook for full-year net sales is adjusted to between $13.3 billion and $13.7 billion, highlighting ongoing external uncertainties including the war in Ukraine and COVID disruptions in China.

DuPont (NYSE: DD) announced its participation in Apple's Supplier Clean Energy Program, pledging to use 100% renewable electricity in manufacturing for Apple. This commitment aligns with its 2030 Sustainability Goals, which include reducing greenhouse gas emissions by 30% and achieving carbon-neutral operations by 2050. In 2021, DuPont sourced 15% of its electricity from renewables. The company aims to meet 60% of electricity needs from renewable sources by 2030 and has signed an agreement for wind power to cover 25% of current energy needs, starting in 2023.

DuPont (NYSE: DD) announced that it will produce its iconic brands, including Kevlar®, Nomex®, and Tyvek®, using renewable electricity, marking a significant step towards its 2030 sustainability goals. The company has purchased renewable energy credits (RECs) to match its 2022 operations' electricity consumption and plans to continue this annually. DuPont aims to reduce greenhouse gas emissions by 30% and source 60% of its electricity from renewables by 2030, targeting carbon neutrality by 2050. This initiative is part of DuPont's broader strategy to enhance sustainability.

DuPont (NYSE: DD) has declared a quarterly dividend of $0.33 per share on its Common Stock. The dividend is payable on June 15, 2022, to shareholders on record as of May 31, 2022. This announcement underscores DuPont's commitment to returning value to shareholders while maintaining financial health and stability.

DuPont (NYSE: DD) will release its first quarter 2022 financial results on May 3, 2022, at 6:00 a.m. ET, followed by an earnings conference call at 8:00 a.m. ET. The call will be accessible via a live webcast, with a replay and supporting materials available on DuPont's Investor Relations webpage. Investors can dial in to participate using the numbers provided. DuPont is recognized for its innovation and technology-based solutions across various industries.