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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.
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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.
On March 16, 2022, DuPont's Executive Chairman and CEO, Ed Breen, along with CFO, Lori Koch, will engage in a fireside chat at the J.P. Morgan 2022 Industrials Conference in New York from 8:00 a.m. to 8:40 a.m. A live audio webcast will be accessible via DuPont's Investor Relations webpage, with a replay available for 30 days post-event. Following the February 18, 2022 announcement of divesting a significant part of its Mobility & Materials segment, results will be classified as discontinued operations starting Q1 2022, impacting 2022 guidance.
Veolia North America has successfully completed a partnership with DuPont to transition the Spruance manufacturing facility in Richmond, Virginia, from coal to natural gas, significantly improving energy efficiency. This conversion is projected to reduce greenhouse gas emissions by over 220,000 tons annually, equivalent to removing 44,000 cars from the roads. The project includes repurposing a 200 MW cogeneration facility to produce 500,000 pounds of steam per hour. This initiative aligns with DuPont's climate goals for 2030 and showcases Veolia's commitment to ecological transformation.
DuPont has entered into a definitive agreement to divest a majority of its Mobility & Materials segment to Celanese Corporation for $11 billion. This transaction values the business at an enterprise multiple of approximately 14x 2021 operating EBITDA. The divested businesses generated $3.5 billion in net sales and $0.8 billion in operating EBITDA in 2021. The deal, anticipated to close by the end of 2022, marks a significant step in DuPont's transformation strategy and is expected to generate substantial value for shareholders. Additionally, DuPont plans to sell the Delrin® business by Q1 2023.
DuPont (NYSE: DD) reported a strong financial performance for Q4 and full year 2021, achieving net sales of $4.3 billion, a 14% increase year-over-year, and $16.7 billion for the year, up 16%. The company benefited from strategic pricing actions and strong demand in sectors like electronics and water. GAAP EPS for Q4 was $0.47, down from $0.60, primarily due to higher expenses. DuPont announced a new $1 billion share buyback and a 10% increase in its quarterly dividend to $0.33 per share. The outlook for 2022 anticipates continued growth in sales and earnings despite raw material cost pressures.
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