DuPont de Nemours is set to announce its earnings for the second quarter before the market opens on Wednesday. Here are the key details you need to know:
Sales Expectations
According to FactSet, DuPont de Nemours is expected to report sales of $3.03 billion for the quarter. This is lower than the reported sales of $3.32 billion in the same period last year. The company itself predicts sales of $3.02 billion for the quarter.
Adjusted Earnings per Share
FactSet analysts anticipate that DuPont de Nemours’ earnings per share, after adjusting for one-time items, will be around 83 cents. The company previously stated its expectation of adjusted earnings per share of 84 cents.
What to Watch For:
The market will closely observe the company’s outlook for the year. In May, DuPont de Nemours projected full-year sales of $12.3 billion to $12.5 billion and operating earnings before interest, taxes, depreciation, and amortization (EBITDA) of $3 billion to $3.1 billion. However, analysts surveyed by FactSet predict higher sales of $12.41 billion, which is lower than the reported sales of $13.02 billion for the year 2022.
Investors will also be interested in hearing about the company’s regional performance. In the first quarter, sales declined in the U.S., Canada, and the Asia Pacific region, while they rose in Latin America and Europe, Middle East, Africa region.
