How did DuPont perform in the second quarter of 2025?

Net sales rose 3% to $3,257 million and organic sales rose 2%, driven by a 4% volume increase partly offset by a 2% price decline. Operating EBITDA increased 8% to $859 million, and adjusted EPS rose 15% to $1.12.

What drove the difference between GAAP and adjusted earnings?

GAAP EPS from continuing operations was $0.54, while adjusted EPS was $1.12. The significant items table shows $154 million of acquisition, integration and separation costs pretax, along with amortization of intangibles of $140 million pretax, among other adjustments.

How did the two segments perform?

ElectronicsCo net sales rose 6% to $1,170 million, with operating EBITDA up 14% to $373 million and margin of 31.9%. IndustrialsCo net sales rose 1% to $2,087 million, with operating EBITDA up 3% to $509 million and margin of 24.4%.

What is the outlook for the company?

DuPont raised full-year 2025 guidance to net sales of about $12,850 million, operating EBITDA of about $3,360 million and adjusted EPS of about $4.40. For the third quarter, it estimates net sales of about $3,320 million, operating EBITDA of about $875 million and adjusted EPS of about $1.15. The guidance includes an estimated $20 million net tariff impact.

What is the status of the electronics business separation?

The company said it continues to advance the intended separation of its electronics business, Qnity Electronics, Inc., and remains on track for a November 1, 2025 spin-off date. Board appointments and management team assembly for both companies were underway.

DD 8-K: Earnings & Results

01—Abstract

Summary

Summary of the 8-K filed August 5, 2025. Cited figures are marked; the original filing is the authoritative source.

DuPont de Nemours, Inc. reported second quarter 2025 results on August 5, 2025, in a press release furnished as Exhibit 99.1.

Net sales were $3,257 million^a, up 3% from $3,171 million a year earlier, with organic sales up 2% on 4% higher volume partially offset by a 2% decrease in price. GAAP income from continuing operations was $238 million, up from $176 million, and GAAP EPS from continuing operations was $0.54 versus $0.40. Operating EBITDA rose 8% to $859 million, with the operating EBITDA margin at 26.4%, up 120 basis points.

Adjusted EPS was $1.12^b, up 15% from $0.97. Cash provided by operating activities from continuing operations fell 28% to $381 million, while transaction-adjusted free cash flow was $433 million, up 2%, after $168 million of separation-related transaction cost payments and $116 million of capital expenditures. Segment results were mixed: ElectronicsCo net sales rose 6% to $1,170 million with operating EBITDA up 14% to $373 million, and IndustrialsCo net sales rose 1% to $2,087 million with operating EBITDA up 3% to $509 million.

The company raised full-year 2025 guidance to net sales of about $12,850 million^c, operating EBITDA of about $3,360 million and adjusted EPS of about $4.40, and said the guidance incorporates an estimated $20 million (about $0.04 per share) net tariff impact for FY25. The company stated it remains on track for the intended spin-off of its electronics business, Qnity Electronics, Inc., targeted for November 1, 2025. Six-month results included a $768 million goodwill impairment related to the Aramids reporting unit within IndustrialsCo, which drove a six-month loss from continuing operations of $310 million.

02—Key points

Key Highlights

Q2 2025 net sales of $3,257 million, up 3% year over year, with organic sales up 2%
GAAP income from continuing operations of $238 million (vs. $176 million) and GAAP EPS from continuing operations of $0.54 (vs. $0.40)
Operating EBITDA of $859 million, up 8%, with margin expanding 120 basis points to 26.4%
Adjusted EPS of $1.12, up 15% from $0.97
Cash provided by operating activities from continuing operations of $381 million, down 28%; transaction-adjusted free cash flow of $433 million
Full-year 2025 guidance raised: net sales ~$12,850 million, operating EBITDA ~$3,360 million, adjusted EPS ~$4.40, including an estimated $20 million tariff headwind
Spin-off of Qnity Electronics, Inc. remains on track for a November 1, 2025 target date

03—Questions

Frequently Asked Questions

How did DuPont perform in the second quarter of 2025?
Net sales rose 3% to $3,257 million and organic sales rose 2%, driven by a 4% volume increase partly offset by a 2% price decline. Operating EBITDA increased 8% to $859 million, and adjusted EPS rose 15% to $1.12.
What drove the difference between GAAP and adjusted earnings?
GAAP EPS from continuing operations was $0.54, while adjusted EPS was $1.12. The significant items table shows $154 million of acquisition, integration and separation costs pretax, along with amortization of intangibles of $140 million pretax, among other adjustments.
How did the two segments perform?
ElectronicsCo net sales rose 6% to $1,170 million, with operating EBITDA up 14% to $373 million and margin of 31.9%. IndustrialsCo net sales rose 1% to $2,087 million, with operating EBITDA up 3% to $509 million and margin of 24.4%.
What is the outlook for the company?
DuPont raised full-year 2025 guidance to net sales of about $12,850 million, operating EBITDA of about $3,360 million and adjusted EPS of about $4.40. For the third quarter, it estimates net sales of about $3,320 million, operating EBITDA of about $875 million and adjusted EPS of about $1.15. The guidance includes an estimated $20 million net tariff impact.
What is the status of the electronics business separation?
The company said it continues to advance the intended separation of its electronics business, Qnity Electronics, Inc., and remains on track for a November 1, 2025 spin-off date. Board appointments and management team assembly for both companies were underway.

04—Continue

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