DuPont said net sales for Q4 2023 fell to $2,898 million, down 7% (organic sales declined 10%). The company said GAAP loss from continuing operations was $(300) million, or $(0.72) per share.

1. 01

   DuPont said net sales for Q4 2023 fell to $2,898 million, down 7% (organic sales declined 10%). The company said GAAP loss from continuing operations was $(300) million, or $(0.72) per share.

2. 02

   The company said it identified a triggering event for the Protection reporting unit within Water & Protection as of December 31, 2023 and recorded a non-cash goodwill impairment charge of $804 million. It cited a challenging macroeconomic environment primarily affecting construction markets, as well as channel inventory destocking in medical packaging and industrial-based end-markets.

3. 03

   DuPont reported cash provided by operating activities from continuing operations of $2,191 million for 2023 (2022 $1,249 million), and adjusted free cash flow of $1,572 million (2022 $750 million).

4. 04

   The company said its Board approved a new share repurchase program of up to $1 billion and declared a Q1 2024 dividend of $0.38 per share, an increase of 6%. The company said it completed the $2 billion ASR transaction.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

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

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