DuPont Q3 Earnings: EPS Beats While Sales Lag, Revises Annual Outlook & More

DuPont De Nemours, Inc. (NYSE:DD) shares are trading higher after the company reported mixed third-quarter results.

The company reported sales growth of 4% year over year to $3.192 billion, missing the consensus of $3.204 billion. Organic sales increased +3% YoY, with a 5% increase in volume offset by a 2% decrease in price. Organic sales by region: EMEA +1%, U.S./Canada -2% and Asia Pacific +9%.

DuPont’s operating EBITDA rose 11% YoY to $857 million, and its margin expanded by 150 bps to 26.8%.

Electronics & Industrial sales totaled $1.551 billion (+13% YoY), and the operating EBITDA margin expanded by 210 bps to 30.1%.

Water & Protection sales were $1.382 billion (-2% YoY), and the operating EBITDA margin expanded by 70 bps to 26.3%.

Adjusted EPS for the ...