Dupont De Nemours Inc Stock Price, News & Analysis

Rogers Corporation (NYSE: ROG) has announced a definitive merger agreement with DuPont (NYSE: DD) in an all-cash transaction valued at approximately $5.2 billion. Shareholders will receive $277 per share, representing a 33% premium over Rogers’ closing price on November 1, 2021. The merger aims to enhance Rogers' capabilities in advanced materials, particularly in markets like EV/HEV and ADAS. The transaction, unanimously approved by Rogers' Board, is expected to close in the second quarter of 2022, pending shareholder and regulatory approvals.

DuPont reported third quarter 2021 financials, achieving net sales of $4.3 billion, an 18% increase year-over-year. The results reflect a strong demand across various sectors, leading to significant organic sales growth of 16%. GAAP EPS was $0.80, a substantial rise from $0.11 in the previous year. The company also announced a definitive agreement to acquire Rogers Corporation (ROG) and is exploring divestiture options for part of its Mobility & Materials segment. Adjusted free cash flow conversion reached 112%.

DuPont (NYSE: DD) has announced a definitive agreement to acquire Rogers Corporation (NYSE: ROG) for $5.2 billion. Rogers, known for its advanced engineered materials, is expected to enhance DuPont's growth in electronic solutions. The acquisition is anticipated to close by Q2 2022, pending regulatory and shareholder approvals. Simultaneously, DuPont plans to divest a significant part of its Mobility & Materials segment, representing approximately $4.2 billion in revenue. This strategic shift aims to focus on high-growth sectors such as electronics, water, and industrial technologies.

DuPont has declared a fourth quarter dividend of $0.30 per share on its Common Stock. This dividend will be payable on December 15, 2021, to shareholders on record as of November 30, 2021. The company continues to demonstrate its commitment to returning value to shareholders through consistent dividend payments. DuPont is recognized for its innovative technology and materials that impact various industries, including healthcare and construction.

DuPont (NYSE:DD) announced on Sept. 30, 2021, its commitment to sustainability by joining Operation Clean Sweep® (OCS) blue, aiming for zero plastics discharge in marine and freshwater environments. This initiative, administered by the American Chemistry Council and the Plastics Industry Association, represents an enhanced effort in resin waste reduction. DuPont is registering all global resin handling sites, appointing OCS blue champions for training, implementation, and reporting. The company emphasizes its sustainability goals, claiming its plastics contribute to various essential applications such as medical devices and personal protective equipment.

DuPont has joined RE100, a global initiative committed to transitioning to 100% renewable energy. This pledge aligns with DuPont's sustainability goals, aiming for 60% renewable energy by 2030 and carbon neutrality by 2050. The company is collaborating with members to overcome challenges in renewable sourcing. Notably, DuPont recently signed a virtual power purchase agreement in Texas for 135 megawatts of wind energy, covering approximately 25% of its electricity needs. This move is expected to bolster DuPont's market position and sustainability initiatives.

DuPont has signed a virtual power purchase agreement (VPPA) with a NextEra Energy Resources subsidiary, committing to 135 megawatts of new wind energy in Texas, equating to 528,000 megawatt hours of renewable electricity annually. This move supports DuPont's sustainability goals, including a 30% reduction in greenhouse gas emissions by 2030 and carbon neutrality by 2050. The wind project is expected to be operational by the end of 2022 and is projected to avoid emissions equivalent to over 81,000 cars annually.

DuPont (NYSE: DD) has joined the Water Resilience Coalition and signed the CEO Water Mandate to reinforce its commitment to sustainable water management. This initiative aims to enhance global access to clean water, particularly in water-stressed regions, and involves collaborating with over 190 companies. The Mandate supports continuous improvement in six core areas of water stewardship. DuPont plans to leverage its expertise in water challenges to contribute effectively to the Coalition’s goals, aspiring to create a sustainable water future for all.

DuPont (NYSE: DD) announced the appointment of Leland Weaver as President of DuPont Water & Protection, effective September 1, 2021. Reporting to Executive Chairman and CEO Ed Breen, Weaver has a strong management background and a history in operational excellence. Previously serving as vice president of Investor Relations, he has been integral to DuPont's growth strategy. Weaver holds a Bachelor of Science in chemical engineering and an MBA. He aims to lead sustainable innovation in water, safety, and shelter.