dupont earnings 2019

DuPont's management believes these non-GAAP financial measures are useful to investors because they provide additional information related to the ongoing performance of DuPont to offer a more meaningful comparison related to future results of operations. Volumes declined primarily due to continued weakness in automotive and electronics markets with Europe and North America volumes down 8 percent and 6 percent, respectively. WILMINGTON, Del., Jan. 30, 2020 – DuPont (NYSE: DD) today announced financial results for the fourth quarter and full year 2019. The pro forma operating EBITDA decline was primarily the result of softer volumes in Semiconductor Technologies resulting in an unfavorable mix partially offset by higher gains associated with planned asset sales versus the prior year. The pro forma operating EBITDA decline was primarily the result of currency and unfavorable mix partially offset by productivity actions, cost savings and pricing gains. The decline in pro forma operating EBITDA was primarily from the impact of reduced volumes in automotive end markets and currency headwinds partially offset by pricing gains, productivity actions and cost savings. This communication contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. (Loss) Income from continuing operations before income taxes. Common stock (authorized 1,666,666,667 shares of $0.01 par value each; issued 2019: 738,564,728 shares; 2018: 784,143,433 shares), Net income attributable to noncontrolling interests from continuing, Net income (loss) from continuing operations available for DuPont common, Significant items included in equity earnings, + Costs historically allocated to the materials science and agriculture, Net loss on divestitures and changes in joint, Less: Costs historically allocated to the materials, (Loss) Income from continuing operations before, (Loss) Income from continuing operations, net of, Net income attributable to noncontrolling, Net (loss) income from continuing operations, Weighted-average common shares outstanding -. On an organic basis, net sales were down 2 percent with 1 percent higher price being more than offset by 3 percent lower volume. 1. to a range of $3.75 to $3.85. Analysts are encouraged to join the Company’s earnings conference call at 8 a.m. Corteva's historical financial results for periods prior to June 1, 2019 are reflected in DuPont's consolidated financial statements as discontinued operations. Safety & Construction reported fourth quarter net sales of $1.3 billion, down 3 percent from the year-ago period. See page 7 for further discussion. DuPont (NYSE: DD) today announced financial results for the third quarter of 2019 and is reiterating its full-year guidance for organic revenue of slightly down versus prior year and narrows the range of pro forma adjusted EPS (1) to $3.77 to $3.82 versus the prior range of $3.75 to $3.85, maintaining the midpoint of the guide. Cautionary Statement Regarding Forward Looking Statements. These headwinds were partially offset by higher pricing in segments outside of T&I and cost savings. Volume gains in Health & Biosciences were led by strength in food enzymes and animal nutrition partially offset by continued market-driven softness in biorefineries and probiotics in North America. The following slide deck was published by DuPont de Nemours, Inc. in conjunction with their 2019 Q4 earnings call.. Analysts are encouraged to join the Company’s earnings conference call at 8 a.m. These steps will ensure that our costs are right-sized for the future organization and better position us for growth.". However, Semiconductor Technologies volumes were up 1 percent sequentially. Operating EBITDA, is defined as earnings (i.e. For the year, Non-Core net sales of $1.7 billion and pro forma operating EBITDA of $491 million were down 15 percent and 27 percent, respectively, from the year-ago period. Includes a pretax charges of $74 million ($64 million net of tax benefit) related to tax indemnifications, primarily associated with an adjustment to a onetime transition tax liability required by the Tax Cuts and Jobs Act of 2017 and a $48 million charge which reflects a reduction in gross proceeds from lower withholding taxes related to a prior year legal settlement. These steps will ensure that our costs are right-sized for the future organization and better position us for growth.”. Full year 2019 pro forma operating EBITDA margins were up 10 bps from the prior year more than offsetting a 50 bps headwind from lower equity affiliate income. Good day and welcome to the DuPont Third Quarter 2019 Earnings Call. Although amortization of Historical EID intangibles acquired as part of the Merger is excluded from these non-GAAP measures, management believes it is important for investors to understand that such intangible assets contribute to revenue generation. Selected Financial Information and Non-GAAP Measures, Net Sales by Segment and Geographic Region, Net Sales Variance by Segment and Geographic Region, Percent change from prior year (Unaudited), Equity in Earnings of Nonconsolidated Affiliates, Significant items included in equity earnings 1, Equity earnings included in operating EBITDA (non-GAAP), Equity earnings included in operating EBITDA by segment, Total equity earnings included in operating EBITDA (non-GAAP). Reflects a pretax loss on a divestiture in Safety & Construction. The Zacks Consensus Estimate for 2019 earnings is currently pegged at $3.80, suggesting a year-over-year decline of 69.2%. DuPont de Nemours Inc Q4 2019 Earnings Call Jan 30, 2020, 8:00 a.m. • 2020 adjusted earnings per share guidance of $3.70 to $3.90 reflecting headwinds from prior year discrete benefits and nylon market pressures . Following the Corteva Distribution, DuPont holds the specialty products business. “In the face of weaker than expected … DuPont de Nemours reported earnings of 97 cents a share from $5.5 billion in sales. Our employees apply diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, construction, water, health and wellness, food and worker safety. 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. 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