AI English summary of an SEC filing — figures as filed
DuPont DDDuPont said it reported preliminary results for Q4 2023, with net sales of about $2.90 billion for the quarter and about $12.07 billion for the full year. Operating EBITDA was about $715 million in Q4 and about $2.94 billion for the year.
Key points
AI summaryDuPont said it reported preliminary results for Q4 2023, with net sales of about $2.90 billion for the quarter and about $12.07 billion for the full year. Operating EBITDA was about $715 million in Q4 and about $2.94 billion for the year.
The company said its GAAP income from continuing operations is expected to be a loss of $(370) to $(220) million for Q4 and a loss of $460 to $610 million for the full year, and that these ranges include an expected non-cash goodwill impairment charge of $750 million to $850 million for the Protection reporting unit.
The company said cash provided by operating activities from continuing operations was about $640 million in Q4 and about $2.19 billion for the year, and adjusted free cash flow was about $500 million in Q4 and about $1.57 billion for the year. Adjusted EPS is $0.85 to $0.87 for Q4 and $3.46 to $3.48 for the full year.
DuPont gave an initial outlook for Q1 2024, calling for net sales of about $2.8 billion, Operating EBITDA of about $610 million, and adjusted EPS of $0.63 to $0.65. Executive Chairman and CEO Ed Breen said sales and earnings are expected to decline sequentially, citing additional channel inventory destocking in the industrial businesses, continued weak demand in China, and the absence of certain discrete items that benefited fourth-quarter operating EBITDA.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
DuPont Reports Preliminary Q4 2023 and Full-Year Results
DuPont said it reported preliminary results for Q4 2023, with net sales of about $2.90 billion for the quarter and about $12.07 billion for the full year. Operating EBITDA was about $715 million in Q4 and about $2.94 billion for the year.
Source · Based on the filing body and exhibits
GAAP Continuing Operations Results and Goodwill Impairment
The company said its GAAP income from continuing operations is expected to be a loss of $(370) to $(220) million for Q4 and a loss of $460 to $610 million for the full year, and that these ranges include an expected non-cash goodwill impairment charge of $750 million to $850 million for the Protection reporting unit.
Source · Based on the filing body and exhibits
Cash Flow and Adjusted EPS
The company said cash provided by operating activities from continuing operations was about $640 million in Q4 and about $2.19 billion for the year, and adjusted free cash flow was about $500 million in Q4 and about $1.57 billion for the year. Adjusted EPS is $0.85 to $0.87 for Q4 and $3.46 to $3.48 for the full year.
Source · Based on the filing body and exhibits
Initial Outlook for Q1 2024
DuPont gave an initial outlook for Q1 2024, calling for net sales of about $2.8 billion, Operating EBITDA of about $610 million, and adjusted EPS of $0.63 to $0.65. Executive Chairman and CEO Ed Breen said sales and earnings are expected to decline sequentially, citing additional channel inventory destocking in the industrial businesses, continued weak demand in China, and the absence of certain discrete items that benefited fourth-quarter operating EBITDA.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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