2020 adjusted earnings per share guidance of $3.70 to $3.90 reflecting headwinds from prior year discrete benefits and nylon market pressures View as PDF and view charts here . The unaudited pro forma Statements of Operations for the nine months ended September 30, 2019 give effect to the pro forma events as if they had been consummated on January 1, 2018. China sales in our core segments improved 14 percent versus the third quarter 2019 and 10 percent sequentially from second quarter 2020. 7. 5 Stocks Set to Double Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100… Industrial materials maker DuPont on Tuesday slashed its capital expenditure by about $500 million and raised its annual cost-savings target to … Significant items are items that arise outside the ordinary course of the Company's business that management believes may cause misinterpretation of underlying business performance, both historical and future, based on a combination of some or all of the item's size, unusual nature and infrequent occurrence. The unaudited pro forma Consolidated Statements of Operations (discussed in the following section) included herein include costs previously allocated to the materials science and agriculture businesses that did not meet the definition of expenses related to discontinued operations in accordance with Financial Accounting Standards Codification 205, "Presentation of Financial Statements" ("ASC 205") and thus are reflected in the Company's results of continuing operations. Net sales for the year are forecast to be between $20.1 billion and $20.2 billion. Supplemental Unaudited Pro Forma Combined Financial Information, Unaudited Pro Forma Combined Statement of Income, Net loss from continuing operations attributable to DuPont. Organic, Percent change from prior year (Unaudited), DuPont de Nemours, Inc. Investors can access information included on the Investor Relations section of the website at www.investors.dupont.com. Adjustments to reconcile net (loss) income to net cash provided by operating activities: Credit for deferred income tax and other tax related items, Earnings of nonconsolidated affiliates (in excess of) less than dividends received, Net periodic pension benefit cost (credit), Net gain on sales of assets, businesses and investments, Amortization of merger-related inventory step-up. Continued broad-based demand across Water Solutions was more than offset by declines in both Safety Solutions and Shelter Solutions. +1 302-774-3034, media@dupont.com DuPont de Nemours, Inc. Consolidated Statement of Cash Flows. DuPont Q3 2020 Earnings Call Oct 29, 2020, 8:00 a.m. Safety & Construction Safety & Construction reported net sales of $1.2 billion, down 6 percent from the year-ago period. We delivered strong performance demonstrating the value our market-leading innovation and technology provides in key end-markets such as semiconductors, smartphones, water filtration, probiotics, and personal protective equipment. Add to Apple Calendar (opens in new window) Add to Google Calendar (opens in new window) Add to Microsoft Outlook (opens in new window) Add to iCalendar (opens in new window) Webcast. Management estimates amortization expense in 2020 associated with intangibles acquired as part of the DWDP Merger to be approximately $1.9 billion on a pre-tax basis, or approximately $2.00 per share. DuPont Revenue & Cost Synergy Capture 4Q 2019 1H 2020 2H 2020 1Q 2021 Post Close (1) Pending regulatory approval and customary closing conditions. Costs previously allocated to the materials science and agriculture businesses that did not meet the definition of expenses related to discontinued operations in accordance with ASC 205. Historical Dow was determined to be the accounting acquirer in the DWDP Merger and as a result, Historical EID's assets and liabilities were reflected at fair value as of the close of the DWDP Merger. DuPont (NYSE: DD) today announced financial results for the first quarter 2020. 2019. Interconnect Solutions organic sales also increased high-single digits, despite an overall decline in the global smartphone market, driven by higher material content in premium, next-generation smartphones. Earnings per share can be defined as a company's net earnings or losses attributable to common shareholders per diluted share base, which includes all convertible securities and debt, options and warrants. That’s a big discount to the 20 times multiple for the S&P. Volume declined 9 percent due to lower auto builds. Effective August 31, 2017, pursuant to the merger of equals transaction contemplated by the Agreement and Plan of Merger, dated as of December 11, 2015, as amended on March 31, 2017, The Dow Chemical Company and its consolidated subsidiaries ("Historical Dow") and E. I. du Pont de Nemours and Company and its consolidated subsidiaries ("Historical EID") each merged with subsidiaries of DowDuPont and as a result, Historical Dow and Historical EID became subsidiaries of DowDuPont (the "DWDP Merger"). DuPont trades for about 17 times estimated 2020 earnings, in line with other chemical companies in the S&P. Reflects impairment charges related to long-lived asset groups within the Non-Core segment. Transportation & IndustrialTransportation & Industrial reported net sales of $1.0 billion, down 14 percent from the year-ago period. +1 800-231-5469 (Hearing Impaired), DuPont Investor Relations: In millions (Unaudited) Six Months Ended June 30, 2020. Organic sales were down 14 percent with volume down 9 percent and price lower by 5 percent. 1. “In the midst of the ongoing pandemic we delivered results ahead of expectations, while also continuing our ... by lower volumes and the absence of earnings from the DuPont Sustainable Solutions divestiture. Continued productivity actions as well as favorable product mix was more than offset by lower volumes and the impact of temporarily idled facilities. Similarly, within Shelter Solutions, growth in residential construction and retail channels for do-it-yourself applications was more than offset by weak commercial construction. Operating Activities Earnings (loss) per common share from continuing operations - diluted. (2) On September 16, 2020, Nutrition & Biosciences, Inc. (presently a wholly owned subsidiary of DuPont) completed an offering of $6.25 billion of senior unsecured notes. In contemplation of the Distributions and to achieve the respective credit profiles of each of DuPont, Dow, and Corteva, in the fourth quarter of 2018, DowDuPont consummated a public underwritten offer of eight series of senior unsecured notes (the "2018 Senior Notes") in the aggregate principal amount of $12.7 billion and entered into a term loan agreement consisting of two term loan facilities (the "Term Loan Facilities") in the aggregate principal amount of $3.0 billion. Refer to pages 14 and 15 for details of significant items. DuPont 3Q 2020 Earnings. "Our team remains committed to emphasizing the safety and well-being of our employees, prioritizing the needs of our customers, and executing on a playbook that enables us to quickly respond to the changing environment" said Ed Breen, DuPont Executive Chairman and Chief Executive Officer. DuPont (NYSE: DD) today announced financial results for the first quarter 2020. On a regional basis, organic sales increased 3 percent in Asia Pacific versus the year-ago period while the U.S. and Canada declined 10 percent, EMEA declined 15 percent, and Latin America declined 3 percent. 2,163 @/i, failureMessage: "A valid email address is required", negate: "true"});var dom2 = document.querySelector('#form1783 #field2');var field2 = new LiveValidation(dom2, {validMessage: "", onlyOnBlur: false, wait: 300});field2.add(Validate.Presence, {failureMessage:"This field is required"});var dom5 = document.querySelector('#form1783 #field5');var field5 = new LiveValidation(dom5, {validMessage: "", onlyOnBlur: false, wait: 300});field5.add(Validate.Custom, {against: function(value) {return !value.match(/(telnet|ftp|https?):\/\/(?:[a-z0-9][a-z0-9-]{0,61}[a-z0-9]\.|[a-z0-9]\. Any future acquisitions may result in amortization of additional intangible assets. Net (loss) income $ (3,153) $ 412. Income (loss) from continuing operations before income taxes. 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