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Chemical Company DuPont Shines In Q2: Earnings Beat, Boosts Outlook

DuPont De Nemours, Inc. (NYSE: DD) shares are trading higher after the company reported better-than-expected second-quarter adjusted EPS and sales. Sales rose 2% Y/Y to $3.171 billion, beating the consensus of $3.049 billion. Organic sales remained flat Y/Y, with a 2% increase in volume offset by a 2% decrease in price. Organic sales by region YoY: EMEA -7%, U.S./Canada -2% and Asia Pacific +3%. DuPont's operating EBITDA rose 8% Y/Y to $798 million, and its margin expanded by 130 bps Y/Y to 25.2%. Electronics & Industrial sales totaled $1.508 billion (+15% Y/Y), and the operating EBITDA margin expanded by 120 bps Y/Y to 27.8%. Water & Protection sales were $1.391 billion (-7% Y/Y), and the operating EBITDA margin expanded by 10 bps Y/Y to 24.7%. Adjusted EPS for the quarter was $0.97 (+14% Y/Y), beating the consensus of $0.85. Operating cash flow from continuing activities for the quarter was $527 million, compared to $400 million a year ...