Welcome to our dedicated page for DuPont de Nemours news (Ticker: DD), a resource for investors and traders seeking the latest updates and insights on DuPont de Nemours stock.
DuPont de Nemours, Inc. reports recurring developments across its specialty materials and advanced solutions businesses serving healthcare, water, construction and industrial markets. Company updates include product introductions such as DuPont Water Solutions digital tools for reverse osmosis operations, Corian® Design surface materials, and Liveo™ components for pharmaceutical and biopharmaceutical processing.
DuPont news also covers R&D and digital innovation initiatives, including AI-enabled laboratory workflows and customer-facing analytics, along with operating and financial results, regular common-stock dividends, shareholder voting matters, capital-structure disclosures and governance changes.
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.
DuPont has declared a fourth quarter dividend of $0.33 per share on its Common Stock. Shareholders of record as of November 30, 2022, will receive the payment on December 15, 2022. This dividend reflects the company's ongoing commitment to returning value to its shareholders and demonstrates confidence in its financial position.
DuPont and Rogers provided an update on their pending merger, initially expected to close in Q3 2022. All regulatory approvals are met except for the State Administration for Market Regulation of China, where DuPont has refiled the merger notice. The merger, valued at $277 per share, was approved by Rogers' shareholders on January 25, 2022. Both companies aim to complete the merger as soon as regulatory approval is secured.
DuPont will host a virtual teach-in about its Safety Solutions line on September 21, 2022, from 10:00 a.m. to 10:45 a.m. (EDT). Leland Weaver, President of the Water & Protection segment, will lead the session. Interested participants can access a live audio webcast through the DuPont Investor Relations webpage, with a replay available post-event. Dial-in details include a toll-free number, (888) 440-4172, and Conference ID 5994046.
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DuPont (NYSE:DD) has honored six scientists and engineers with the 2022 Lavoisier Medal for Lifetime Technical Achievement and the Pedersen Award Medal. Recipients include Todd Buley and Theresa Weston for Lavoisier, and Chris Bish, Carmen Covelli, Tomoki Kurihara, and Xiaoqing Li for Pedersen. These awards recognize their innovative contributions that significantly impacted business and developed market-leading products. The achievements underline DuPont's commitment to innovation and collaboration, ultimately creating substantial value for stakeholders.
DuPont reported 2Q22 net sales of $3.3 billion, up 7% year-over-year, with 9% organic sales growth. GAAP income from continuing operations was $365 million, with GAAP EPS at $0.71 and adjusted EPS at $0.88, reflecting an 11% increase. The company returned $665 million to shareholders through buybacks and dividends. DuPont continues to navigate inflationary pressures and supply chain challenges, while also advancing its strategic portfolio moves, including the acquisition of Rogers Corporation. Full-year guidance for adjusted EPS is narrowed to $3.27-$3.43.
DuPont (NYSE: DD) has announced its commitment to set science-based targets for greenhouse gas (GHG) emissions reduction, aligned with the Paris Agreement goals. The company aims to establish targets for Scope 1 and 2 emissions and develop Scope 3 targets in collaboration with the Science Based Targets initiative (SBTi). DuPont has already reduced its Scope 1 and 2 emissions by 16% since 2019 and plans a 30% reduction by 2030, alongside sourcing 60% of its electricity from renewable resources. The company is also part of the RE100 initiative and has signed a VPPA to support its renewable energy goals.