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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.
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.
DuPont reported strong second-quarter 2021 results, with net sales reaching $4.1 billion, a 26% increase year-over-year. The company's improved performance is attributed to recovery in key markets like automotive and construction, along with strategic acquisitions and divestitures. GAAP EPS from continuing operations stood at $1.04, a significant rebound from a loss of $(3.26) in the prior year. DuPont raised its full-year guidance for net sales, operating EBITDA, and adjusted EPS following positive momentum. Capital allocation remained balanced, with $800 million returned to shareholders and $2 billion in debt reduction.
DuPont (NYSE: DD) announced the recipients of its 2021 Lavoisier Medal and Pedersen Award for Lifetime Technical Achievement. The Lavoisier Medalists are Mark Barger and Peter Berg from DuPont Water & Protection. The Pedersen Award recipients include Mingqi Li, David Luckey, Linda Nartker, Ed Smith, and Kohtaro Takahashi, representing various sectors of the company. The awards recognize significant technical contributions with business impact, showcasing DuPont's commitment to innovation and sustainability.
DuPont (NYSE: DD) has successfully completed the acquisition of Laird Performance Materials as of July 1, 2021. With 2020 revenues of $465 million, Laird is recognized for its high-performance electromagnetic shielding and thermal management solutions. This acquisition enhances DuPont's Electronics & Industrial segment and accelerates its growth strategy in high-margin markets. The integration will leverage Laird's offerings to provide advanced solutions for major electronics OEMs, positioning DuPont to significantly expand its product portfolio and market reach.
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DuPont's Board of Directors has declared a $0.30 per share dividend on its Common Stock for the third quarter, to be paid on September 15, 2021. Shareholders on record as of July 30, 2021 will receive this dividend, reflecting the company's commitment to returning value to its shareholders. This move underscores DuPont's robust financial position and strategic direction in transforming key industries.