What is the new capital return program?

The Board approved a share repurchase authorization of up to $2 billion of DuPont common stock, with repurchases possibly made on the open market or in privately negotiated transactions. The company expects to repurchase $500 million through an accelerated share repurchase launched imminently. It also declared a $0.20 per share quarterly dividend, payable December 15, 2025 to holders of record on November 28, 2025.

How did the company change its full-year 2025 outlook?

Operating EBITDA guidance was raised to about $1,600 million from about $1,575 million, and adjusted EPS guidance is about $1.66. Net sales guidance was lowered slightly to about $6,840 million from about $6,865 million, which the company attributed to a lower-than-expected currency tailwind.

What happened with the Electronics separation and the Aramids sale?

The Electronics business was separated into Qnity Electronics, Inc., with stockholders of record as of October 22, 2025 receiving Qnity common stock on November 1, 2025. Its results are now reported as discontinued operations. The Aramids business, being sold to TJC LP for about $1.2 billion in cash, a $300 million note and a minority equity interest valued at $325 million, is also reported as discontinued operations and is expected to close in the first quarter of 2026.

DD 8-K: Earnings & Results

Q: Why did GAAP earnings fall while operating EBITDA rose?

GAAP income from continuing operations decreased 32% to $308 million because higher segment earnings were more than offset by higher separation transaction costs ($139 million of acquisition, integration and separation costs in the quarter versus $43 million a year earlier) and the absence of prior-year gains on interest rate swaps. Operating EBITDA excludes these significant items, which is why it rose 6%.

01—Abstract

Summary

Summary of the 8-K filed November 6, 2025. Cited figures are marked; the original filing is the authoritative source.

DuPont de Nemours, Inc. reported third quarter 2025 results on November 6, 2025, presented on a continuing operations basis with the Aramids business shown as discontinued operations.

Net sales were $3,072 million^a, up 7% from $2,862 million a year earlier, with organic sales up 6%. Operating EBITDA rose 6% to $840 million, and GAAP income from continuing operations fell 32% to $308 million, reflecting higher separation transaction costs ($139 million of acquisition, integration and separation costs in the quarter) and the absence of prior-year interest rate swap gains. GAAP EPS from continuing operations was $0.70 versus $1.06, while adjusted EPS was flat at $1.09.

The company completed the separation of its Electronics business into Qnity Electronics, Inc., with the distribution to stockholders on November 1, 2025. Management raised full-year 2025 guidance for the new DuPont, with operating EBITDA now expected at about $1.6 billion^b (up from about $1.575 billion) and adjusted EPS at about $1.66. Full-year net sales guidance was trimmed to about $6,840 million from about $6,865 million, which the filing attributes to a lower-than-expected currency tailwind.

Capital allocation was the headline announcement. The Board approved a share repurchase authorization of up to $2 billion^c, with a $500 million accelerated share repurchase expected to launch imminently, and declared a quarterly dividend of $0.20 per share payable December 15, 2025 to holders of record on November 28, 2025. Transaction-adjusted free cash flow was $576 million in the quarter, and the Aramids divestiture to TJC LP is expected to close in the first quarter of 2026.

02—Key points

Key Highlights

Third quarter net sales of $3,072 million, up 7% year over year, with organic sales up 6%; ElectronicsCo organic sales grew 10% and IndustrialsCo grew 4%.
Operating EBITDA of $840 million, up from $791 million; operating EBITDA margin was 27.3% versus 27.6%.
GAAP EPS from continuing operations of $0.70 versus $1.06, down 34%, while adjusted EPS was flat at $1.09.
Raised full-year 2025 operating EBITDA guidance to about $1,600 million from about $1,575 million; adjusted EPS guidance of about $1.66.
Board approved a new share repurchase authorization of up to $2 billion, including a $500 million accelerated share repurchase expected to launch imminently.
Declared a quarterly dividend of $0.20 per share, in line with a targeted 35%-45% payout ratio for the new DuPont.
Transaction-adjusted free cash flow of $576 million in the quarter; the Aramids sale to TJC LP, for about $1.2 billion in cash, is expected to close in the first quarter of 2026.

03—Questions

Frequently Asked Questions

Why did GAAP earnings fall while operating EBITDA rose?
GAAP income from continuing operations decreased 32% to $308 million because higher segment earnings were more than offset by higher separation transaction costs ($139 million of acquisition, integration and separation costs in the quarter versus $43 million a year earlier) and the absence of prior-year gains on interest rate swaps. Operating EBITDA excludes these significant items, which is why it rose 6%.
What is the new capital return program?
The Board approved a share repurchase authorization of up to $2 billion of DuPont common stock, with repurchases possibly made on the open market or in privately negotiated transactions. The company expects to repurchase $500 million through an accelerated share repurchase launched imminently. It also declared a $0.20 per share quarterly dividend, payable December 15, 2025 to holders of record on November 28, 2025.
How did the company change its full-year 2025 outlook?
Operating EBITDA guidance was raised to about $1,600 million from about $1,575 million, and adjusted EPS guidance is about $1.66. Net sales guidance was lowered slightly to about $6,840 million from about $6,865 million, which the company attributed to a lower-than-expected currency tailwind.
What happened with the Electronics separation and the Aramids sale?
The Electronics business was separated into Qnity Electronics, Inc., with stockholders of record as of October 22, 2025 receiving Qnity common stock on November 1, 2025. Its results are now reported as discontinued operations. The Aramids business, being sold to TJC LP for about $1.2 billion in cash, a $300 million note and a minority equity interest valued at $325 million, is also reported as discontinued operations and is expected to close in the first quarter of 2026.

04—Continue

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