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• Net Sales: $3.1 billion, increased 5% year-over-year.

• Organic Sales Growth: 6%, with an 8% increase in volume and a 2% decrease in price.

• Operating EBITDA: $788 million, up 16% year-over-year.

• Operating EBITDA Margin: 25.7%, increased 240 basis points from the prior year.

• Adjusted EPS: $1.03, up 30% from $0.79 in the previous year.

• Operating Cash Flow: $382 million.

• CapEx: $249 million.

• Transaction Adjusted Free Cash Flow: $212 million, with a conversion rate of 49%.

• ElectronicsCo Net Sales: $1.1 billion, increased 14% year-over-year.

• ElectronicsCo Operating EBITDA: $373 million, up 26% year-over-year.

• ElectronicsCo Operating EBITDA Margin: 33.4%, increased 340 basis points year-over-year.

• IndustrialsCo Net Sales: $1.95 billion, flat year-over-year.

• IndustrialsCo Operating EBITDA: $464 million, up 6% year-over-year.

• IndustrialsCo Operating EBITDA Margin: 23.8%, increased 130 basis points year-over-year.

• 2025 Full Year Guidance: Net sales of $12.8 billion to $12.9 billion, operating EBITDA of $3.325 billion to $3.375 billion, and adjusted EPS of $4.30 to $4.40.

• Warning! GuruFocus has detected 2 Warning Sign with DD.

Release Date: May 02, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• DuPont de Nemours Inc (NYSE:DD) reported a solid first quarter with sales growing 6% on an organic basis, driven by strong volume growth.

• Operating EBITDA increased by 16% year-over-year, demonstrating strong leverage and operational efficiency.

• The company achieved a 30% increase in adjusted EPS, reaching $1.03 per share.

• DuPont de Nemours Inc (NYSE:DD) is making significant progress on the spin-off of its Electronics business, named Qnity, with key leadership appointments and board composition finalized.

• The Electronics division, soon to be Qnity, reported a 14% increase in net sales, driven by strong demand in semiconductor technologies and interconnect solutions.

Negative Points

• DuPont de Nemours Inc (NYSE:DD) faces an estimated $500 million annualized cost exposure due to tariffs, with a net cost impact of $60 million expected in 2025.

• The IndustrialsCo segment experienced flat net sales, with a 2% organic sales growth offset by currency headwinds and portfolio impacts.

• The Diversified Industrials line within IndustrialsCo saw a mid single-digit decline in sales, primarily due to softness in construction and auto end markets.

• The company is dealing with ongoing tariff uncertainties, requiring mitigation actions such as production shifts and sourcing alternatives.

• DuPont de Nemours Inc (NYSE:DD) is under investigation for anti-competitive practices in its Tyvek business in China, though it is not expected to impact other areas of the business.