The company said net sales for Q1 2024 fell 3% from $3,018 million a year earlier to $2,931 million, and organic sales fell 6%. It attributed the organic sales decline to a 5% drop in volume and a 1% drop in price.

1. 01

   The company said net sales for Q1 2024 fell 3% from $3,018 million a year earlier to $2,931 million, and organic sales fell 6%. It attributed the organic sales decline to a 5% drop in volume and a 1% drop in price.

2. 02

   DuPont said GAAP income from continuing operations for Q1 2024 was $183 million, down 33% from $273 million a year earlier, and operating EBITDA was $682 million, down 4%. The company cited higher restructuring-related charges, lower segment earnings and higher net interest expense as factors behind the GAAP decline.

3. 03

   The company said cash provided by operating activities from continuing operations for Q1 2024 was $493 million and capital expenditures were $207 million, resulting in adjusted free cash flow of $286 million ($173 million a year earlier). Adjusted free cash flow conversion was 86%.

4. 04

   DuPont said it raised its full-year 2024 guidance for net sales, operating EBITDA and adjusted EPS. The guidance ranges are net sales of $12,100 to $12,400 million and adjusted EPS of $3.45 to $3.75. At the midpoint of the guidance ranges, the company said it now estimates net sales of about $12.25 billion.

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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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