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 3727 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
Get Festive Ready With Prestige Cosmetics Holiday Collection [8869-Views]
Chloé's Iconic “Carlina” Sunglasses In a Precious New Interpretation [7271-Views]
PACE to Space [5185-Views]
Master Chronometer: Raising Standards [4947-Views]
Holiday Hair-Styling Essentials from VIERRO [4837-Views]
Luxe Beauty Gifts for your Loved Ones this Festive Season [4563-Views]
Arabic version of Zoho Creator launched to help businesses create custom applications [4429-Views]
Formula 1 meets Virgin Hyperloop One: California-based Developer to Showcase Passenger Pod... [4264-Views]
Indulge in New flavours sprinkled With A Dash of Bollywood & Nostalgia at Hitchki [4246-Views]
Life-changing Raffles Announced for 25th Edition of Dubai Shopping Festival [4203-Views]
Union Coop Pays Tribute to the Martyrs on Commemoration Day' [4191-Views]
'Tis the Season to Be Glamorous - Beauty Essentials from GlamBeaute.com! [4154-Views]
Homegrown Jewellery Brand Sumaya Bakkar Collections Curated Festive Gift List [3977-Views]
Cisco Advances Solutions to Simplify Cybersecurity Processes in Saudi Arabia [3959-Views]
Berkan Steakhouse Launches in Dubai [3947-Views]
Emirates Post issues commemorative stamps to celebrate the UAE 48th National Day [3922-Views]
ENEC Releases 'Tasamoh' a Rehabilitated Green Turtle and organizes Beach Cleanup at Barak... [3904-Views]
Robinsons celebrates UAE National Day with leading Emirati brands and a host of family-fri... [3886-Views]
Dunecrest American School Celebrates the UAE National Day [3849-Views]
Your Holiday Gift Guide for Her [3727-Views]
Zambian President affirms commitment to bolster UAE ties [3617-Views]
China Homelife the Largest China Sourcing Platform Set to Showcase a Wide Variety of Produ... [3587-Views]
Spice Up with Shades of Brown from 2XL Furniture & Home Décor [3532-Views]
Italy breaks ground for its Pavilion at Expo 2020 Dubai [3440-Views]
LG Electronics Announces Leadership and Operational Changes Ahead of 2020 [3386-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories