Dubai PR Network, Online Press Release from Dubai and Middle East
 
(Others)
Filter PR by
  
DuPont Reports Second Quarter Results
 
  • 2Q19 GAAP EPS from continuing operations of $(1.48); Adjusted EPS of $0.97, up 9 percent versus prior year
  • 2Q19 GAAP Income (loss) from continuing operations of $(1.1B); Operating EBITDA of $1.4B  
  • Operating EBITDA margins improve 170 basis points on disciplined cost control and higher local price
  • Raises full year pro forma adjusted EPS guidance to $3.75 to $3.85; lowers organic growth to slightly down versus prior year; driving additional cost actions
  • $2 billion share repurchase program authorized upon stand-up as independent company; $250 million repurchased to date

August 5, 2019 – DuPont (NYSE: DD) today announced financial results for the second quarter of 2019 and raised its full year guidance for pro forma adjusted EPS[1] to a range of $3.75 to $3.85.   

“In the face of weaker than expected market conditions, our teams delivered on our bottom-line commitments by driving both cost and pricing actions resulting in operating EBITDA[1] margin improvement of 170 basis points in the quarter,” said Marc Doyle, DuPont Chief Executive Officer.

“We also improved gross margin by more than 200 basis points with gains in each of our core segments,” Doyle continued.  “We delivered these results by continuing to realize the benefits from our cost synergy initiatives, enacting new productivity programs in the face of challenged end markets, and driving higher pricing based on the value-added solutions we deliver.

We saw strength in probiotics, water, safety, aerospace and healthcare end markets where we were able to capitalize on our strong customer relationships and innovative solutions.  However, our portfolio is diverse, and our top-line results were impacted by the on-going softness in our short-cycle businesses.”


Posted by : Dubai PR Network Editorial Team
Viewed 6326 times
PR Category : Others
Posted on : Tuesday, August 6, 2019  9:13:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Toyota Supports Tokyo 2020 with Specially-designed ‘APM' Mob...
Next Story : CASIO to bring new PRO TREK Smart watch with color maps to M...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Make Up for Ever Introduces for the First Time Its New Active Care-in-foundation to Revive... [6999-Views]
Olay Eyes Hydra Gel [5826-Views]
Maillon De Cartier Watch [4317-Views]
LG Prioritizes Home Comfort With Latest Air Conditioners for GCC Market [4264-Views]
6 Steps X 6 Products from Essence: The Shortcut that Perfects Skin - Now more than ever, S... [4260-Views]
Kristina Fidelskaya A/W 2020 Collection “Dream” [4260-Views]
Eid Gifts From The Body Shop [4170-Views]
Ralph Lauren Expands Its Earth Polo Offering, Reinforces Commitment to Protecting the Envi... [3993-Views]
Happy Eid with Parmigiani Fleurier Toric Fleur [3801-Views]
Vatika Focuses on Making Quarantine a Quality Time With New Viral Campaign [3735-Views]
Your at-Home Spa Guide With Skin Republic [3719-Views]
Sony Middle East & Africa Launches New Compact 4K Handycam® Camcorder with Advanced Image ... [3428-Views]
Dubai Sports Council Thanks Wise Leadership for Its Protection and Care of the Community [3341-Views]
UAE Banks Among Top Performing in GCC, KPMG Report Finds [2972-Views]
Dubai Customs: Strategic Plan to Curb Corona [2899-Views]
Etihad Guest Rewards Members While Staying Home [2698-Views]
Denim Culture [2644-Views]
Etihad Holidays to Be Operated by Dnata Travel Group In the UK [2456-Views]
Mohap Hails Family Doctors' Efforts in Countering Covid-19 Crisis [2427-Views]
Pure Health Launches Covid-19 Field Laboratory at Sharjah Expo Centre [2374-Views]
Celebrate Father's Day With Parmigiani Fleurier Tondagraph Slate [2341-Views]
Lenovo's Tech Gift Guide [2321-Views]
First Range Rover Made Under Social Distancing Measures Comes Off Jaguar Land Rover's Sol... [2247-Views]
Made in Italy, ICSA® Issues a Notification of Counterfeit Products Found in the Kingdom of... [2177-Views]
Karl Lagereld Drives Digital Innovation With Launch of the “Maison Karl Lagerfeld” Game [2157-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories