Q3 2024 Dupont De Nemours Inc Earnings Call Transcript
Key Points
- DuPont de Nemours Inc (DD) reported a strong third quarter with year-over-year growth in consolidated net sales, operating EBITDA, and adjusted EPS.
- The company achieved a 3% increase in organic sales growth, driven by strong demand in the electronics and industrial segments.
- Operating EBITDA increased by 11% to $857 million, with a margin improvement of 150 basis points to 26.8%.
- DuPont de Nemours Inc (DD) raised its full-year 2024 guidance for operating EBITDA and adjusted EPS, indicating confidence in continued performance.
- The company demonstrated strong cash generation with a transaction-adjusted free cash flow conversion of 130%, highlighting effective working capital management.
- DuPont de Nemours Inc (DD) faced a 1% currency headwind, impacting overall sales growth.
- The water and protection segment experienced a 2% decline in organic sales, primarily due to price headwinds.
- The company exited a photovoltaic film product line due to continued weakness in China solar markets, impacting sales.
- There was a 2% decrease in price within the electronics and industrial segment, partially offsetting volume gains.
- The company anticipates normal seasonal declines in electronics and construction markets in the fourth quarter, which may impact sequential growth.
Thank you for standing by. My name is Pam, and I will be your conference operator today. At this time, I would like to welcome everyone to the DuPont third-quarter 2024 earnings conference call. (Operator Instructions)
Thank you. I would now like to turn the conference over to Chris Mecray, Investor Relations. You may begin.
Good morning, and thank you for joining us for DuPont's third-quarter 2024 financial results conference call. Joining me today are Ed Breen, Executive Chairman; Lori Koch, Chief Executive Officer; and Antonella Franzen, Chief Financial Officer.
We have prepared slides to supplement our remarks, which are posted on DuPont's website under the Investor Relations tab and through the webcast link. Please read the forward-looking statement disclaimer contained in the slides.
During this call, we'll make forward-looking statements regarding our expectations or predictions about the future. Because these statements are based on current assumptions and
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