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DuPont de Nemours 8-K Report, Financial Results (May 2, 2025)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed May 2, 2025
Period End
May 2, 2025
Security
DD
In the record · 2017–202610-K910-Q288-K127

DD filed 9 annual reports (10-K), 28 quarterly reports (10-Q) and 127 current reports (8-K) between 2017 and 2026.

  1. Deal closed8-K · Jun ’19Jun ’19
  2. Leadership change8-K · Apr ’21Apr ’21
  3. Leadership change8-K · Feb ’23Feb ’23
  4. Material agreement8-K · Sep ’26Sep ’26

01—Abstract

Summary

Summary of the 8-K filed May 2, 2025. Cited figures are marked; the original filing is the authoritative source.

DuPont de Nemours, Inc. reported first quarter 2025 net sales of $3,066 milliona, up 5% from $2,931 million a year earlier, with organic sales up 6% on an 8% volume increase partly offset by a 2% decrease in price.

Operating EBITDA rose 16% to $788 millionb, and the operating EBITDA margin widened to 25.7% from 23.3%. Adjusted EPS increased 30% to $1.03 from $0.79. ElectronicsCo led growth, with net sales up 14% and operating EBITDA up 26%, while IndustrialsCo net sales were flat and organic sales grew 2%.

GAAP results were weak. The company recorded a $768 millionc non-cash goodwill impairment charge tied to the Aramids reporting unit, which was identified as a standalone reporting unit after the first quarter 2025 segment realignment. This drove a GAAP loss from continuing operations of $(548) million, or $(1.33) per share.

Cash provided by operating activities from continuing operations was $382 milliond, compared with $493 million a year earlier, and transaction-adjusted free cash flow was $212 million after capital expenditures of $249 million and separation-related transaction cost payments of $79 million. Management maintained full year 2025 guidance of net sales of $12,800 million to $12,900 million, operating EBITDA of $3,325 million to $3,375 million, and adjusted EPS of $4.30 to $4.40.

That guidance excludes an estimated net cost impact of about $60 million (about $0.10 per share) from announced tariffs. The company reaffirmed its target of November 1, 2025 for the spin-off of its Electronics business, which was announced as Qnity, and said it had filed the initial Form 10 registration statement with the SEC.

02—Key points

Key Highlights

  1. Net sales rose 5% to $3,066 million, with organic sales up 6% driven by an 8% volume increase, partly offset by a 2% price decrease and a 1% currency headwind.
  2. Operating EBITDA increased 16% to $788 million, and the operating EBITDA margin expanded 240 basis points to 25.7%.
  3. GAAP loss from continuing operations of $(548) million, or $(1.33) per share, reflects a $768 million non-cash goodwill impairment related to the Aramids reporting unit.
  4. Adjusted EPS increased 30% to $1.03 from $0.79, due primarily to higher segment earnings.
  5. ElectronicsCo net sales rose 14% to $1,118 million, with operating EBITDA up 26% to $373 million, supported by semiconductor and interconnect demand.
  6. Transaction-adjusted free cash flow was $212 million, versus $286 million a year earlier, after $79 million of separation-related transaction cost payments.
  7. Full year 2025 guidance was maintained at net sales of $12,800 million to $12,900 million and adjusted EPS of $4.30 to $4.40, excluding an estimated tariff impact of about $60 million.

03—Questions

Frequently Asked Questions

  1. Why did DuPont report a GAAP loss in the first quarter of 2025?

    The GAAP loss from continuing operations of $(548) million was driven by a $768 million non-cash goodwill impairment charge related to the Aramids reporting unit. The company said this impairment arose from the first quarter 2025 segment realignment, which made Aramids a standalone reporting unit with goodwill and intangible balances stepped up in the Dow and DuPont merger.

  2. How did the company's segments perform?

    ElectronicsCo net sales rose 14% to $1,118 million, with operating EBITDA up 26% to $373 million and a margin of 33.4%. IndustrialsCo net sales were flat at $1,948 million, as 2% organic growth was offset by a 1% currency headwind and a 1% unfavorable portfolio impact. IndustrialsCo operating EBITDA rose 6% to $464 million.

  3. What is the outlook for 2025 and the second quarter?

    For full year 2025, the company maintained guidance of net sales of $12,800 million to $12,900 million, operating EBITDA of $3,325 million to $3,375 million, and adjusted EPS of $4.30 to $4.40. The guidance does not include an estimated net cost impact of about $60 million (about $0.10 per share) from announced tariffs. For the second quarter of 2025, the company estimates net sales of about $3,200 million, operating EBITDA of about $815 million, and adjusted EPS of about $1.05.

  4. What is the status of the Electronics business separation?

    The company remains on track for a November 1, 2025 spin-off of its Electronics business, which was announced as Qnity. The filing states that the company has achieved milestones including executive leadership and Board appointments, and that it filed the initial Form 10 registration statement with the SEC in the prior week.

  5. How did cash flow compare with the prior year?

    Cash provided by operating activities from continuing operations was $382 million, compared with $493 million in the first quarter of 2024. Capital expenditures were $249 million, and separation-related transaction cost payments were $79 million, resulting in transaction-adjusted free cash flow of $212 million, compared with $286 million a year earlier.

04—Continue

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