"In any case, it is not the placement of the button that matters, of course, but how you use it. These risks are and will be more fully discussed in DuPont's current, quarterly and annual reports and other filings made with the U.S. Securities and Exchange Commission, in … Operating EBITDA (2) was $1.1 billion , down 20 percent versus operating EBITDA (2) in the prior year. Conference Call The Company will host a live webcast of its first quarter earnings conference call with investors to discuss its results and business outlook today at 8:00 a.m. Volume declined 28 percent due to lower auto builds, as global automotive production was down approximately 45 percent versus the year-ago period. Integration and separation costs related to the Merger, post-Merger integration, the Distributions and, beginning in the fourth quarter of 2019, the intended separation of the Nutrition & Biosciences business. 333-209869), as last amended on June 7, 2016, and declared effective … Pilot Man.’ Now he’s blamed for Kobe’s death, Twitter permanently suspends My Pillow CEO for election misinformation, Joe Biden says he's willing to adjust income thresholds for stimulus checks in the new relief package, King of Thailand Reportedly Accused of Breaking Sister’s Ankles After She Questions Plan to Name Second Queen, UK's 'tsunami' of grief as coronavirus deaths pass 100,000, Skechers Women's Flex Appeal 2.0 - Simplistic Athl, Nancy Pelosi's husband has plowed up to $1 million into bullish bets on Tesla stock, Mexico eyes delivery of Russian Sputnik V vaccine next week, Student-run free grocery store helps feed town's hungry, Home prices rise at fastest pace in more than 6 years, Doctors skeptical as Venezuela's Maduro touts coronavirus 'miracle' drug, Millionaire Canadians flew by private plane to a remote province to get vaccines meant for elderly First Nations people, officials say, The Presidents Cup comes to Quail Hollow next year with a Charlotte native as a captain, Prosecutors say the woman accused of stealing Pelosi's laptop is attempting a cover-up by deleting her social-media activity during house arrest, Tucker Carlson defended QAnon and said attacks on it were part of a government plot to control people's minds, Gold Stocks Are Cheap, But Not For Much Longer. Demand for Tyvek® protective garments continued to be robust, leading to a greater than 60 percent increase in garment sales versus last year which was enabled by efforts to increase capacity and redirect supply from non-personal protection markets. Supplemental Unaudited Pro Forma Combined Financial Information, Unaudited Pro Forma Combined Statement of Income, Net loss from continuing operations attributable to DuPont. See for yourself how you can easily stop gutter cleaning for life and increase home value. DuPont Reports Second Quarter 2020 Results. The results of operations of DuPont for the 2019 interim periods presented reflect the historical financial results of Dow and Corteva as discontinued operations, as applicable. DuPont "  and all products, unless otherwise noted, denoted with " , SM or ® are trademarks, service marks or registered trademarks of affiliates of DuPont de Nemours, Inc. Cautionary Statement Regarding Forward Looking Statements This communication contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Additionally, DuPont and IFF announced two DuPont appointees who will serve as independent directors on the board of directors of the future combined company: Matthias Heinzel , President of Nutrition & Biosciences and John Davidson , director of Legg Mason , FMC, and TE Connectivity. These risks are and will be more fully discussed in DuPont's current, quarterly and annual reports and … 3Q19 GAAP EPS from continuing operations of $0.49; Adjusted EPS of $0.96, up 2 percent versus prior year; 3Q19 GAAP Income from continuing operations of $372 million; Operating EBITDA of $1.4 billion ; Operating EBITDA margins improve 20 … income (loss) from continuing operations before income taxes) before interest, depreciation, amortization, non-operating pension / OPEB benefits / charges, and foreign exchange gains / losses, adjusted to exclude significant items. The company completed the separation of its agriculture business into a separate and independent public company on June 1, 2019 , by way of a pro rata dividend-in-kind of all the then outstanding stock of Corteva, Inc. (the "Corteva Distribution"). Organic sales were down 20 percent driven by 22 percent volume declines and offset by 2 percent pricing gains. The unaudited pro forma Statements of Operations for the six months ended June 30, 2019 give effect to the pro forma events as if they had been consummated on January 1, 2018 . 15 Jan 21. More information about the company, its businesses and solutions can be found at www.dupont.com . The former president has already amassed a massive war chest with his Save America political action committee declaring last month that it had raked in $207.5 million in donations. A detailed discussion of some of the significant risks and uncertainties which may cause results and events to differ materially from such forward-looking statements is included in the section titled "Risk Factors" (Part I, Item 1A) of DuPont's 2019 Annual Report on Form 10-K, Item 8.01 of DuPont's current report on Form 8-K filed on April 20, 2020 and as updated by DuPont's subsequent periodic and current reports filed with the SEC. Historical Dow was determined to be the accounting acquirer in the DWDP Merger and as a result, Historical EID's assets and liabilities were reflected at fair value as of the close of the DWDP Merger. DuPont Nutrition & Biosciences (NYSE: DD) and Kemira today announced an exclusive partnership for the development and commercialization of DuPont’s enzymatic polymerization-based polysaccharide platform technology for certain applications. Over the next six months, we will continue our integration planning work with IFF to enable a smooth, successful launch and position the future combined company to achieve its committed cost and revenue synergies. Per saperne di più su come utilizziamo i tuoi dati, consulta la nostra Informativa sulla privacy e la nostra Informativa sui cookie. Pro Forma Consolidated Statements of Operations, Provision for income taxes on continuing operations, Net income attributable to noncontrolling interests from continuing operations, Net loss from continuing operations available for DuPont common stockholders. The September 2019 divestiture of the DuPont Sustainable Solutions business reduced sales by 9 percent. Despite the strength in Tyvek® protective garments, sales in the Safety Solutions business declined as demand weakened across industrial, aerospace, and oil & gas markets as a result of COVID-19. Investor Relations Specialist +1.302.773.2263 investor@chemours.com. (Loss) Earnings per common share from continuing operations - diluted. Any future acquisitions may result in amortization of additional intangible assets. Selected Financial Information and Non-GAAP Measures, Equity in Earnings of Nonconsolidated Affiliates, Significant items included in equity earnings 1, Equity earnings included in operating EBITDA (non-GAAP), Equity earnings included in operating EBITDA by segment, Total equity earnings included in operating EBITDA (non-GAAP). "In the midst of the ongoing pandemic we delivered results ahead of expectations, while also continuing our emphasis on the safety and well-being of our employees and the needs of our customers," said Ed Breen , DuPont Executive Chairman and Chief Executive Officer. These risks are and will be more fully discussed in DuPont's current, quarterly and annual reports and other filings made with the U.S. Securities and Exchange Commission, in each case, as may be amended from time to time in future filings with the SEC. Reflects goodwill impairment charges related to the Nutrition & Biosciences and Non-Core segments. A replay of the webcast also will be available on the DuPont's Investor Relations Events and Presentations page following the live event. Additionally, sustained consumer demand drove growth in animal nutrition and home & personal care applications. Included in "Interest expense" and relates to committed financing in connection with the intended separation of the N&B Business. DuPont's management believes these non-GAAP financial measures are useful to investors because they provide additional information related to the ongoing performance of DuPont to offer a more meaningful comparison related to future results of operations. Common stock (authorized 1,666,666,667 shares of $0.01 par value each; issued 2020: 733,819,825 shares; 2019: 738,564,728 shares), Significant items included in equity earnings, + Costs historically allocated to the materials science and agriculture businesses, Cash provided by (used for) operating activities (GAAP), Less: Costs historically allocated to the materials science and agriculture businesses, http://www.prnewswire.com/news-releases/dupont-reports-second-quarter-2020-results-301102712.html, Why Black Americans aren't being vaccinated for COVID-19 at the same rate as whites, Biden did not, in fact, remove Trump's 'Diet Coke button' from the Resolute Desk, White House clarifies, Only 1 in 5 wine drinkers know these simple tricks, Arms deal, hacking complicate Joe Biden's approach to Russia, Chuck Schumer tried to unseat Susan Collins, and now it's personal, No word from pirates who seized sailors off Nigeria, Turkey says, Do This Instead of Cleaning Gutters (It's Genius). "> "We will not let Mitch McConnell dictate to us what we will do and not do." Lori Ursomarso. Registration and prospectus. By RTTNews Staff Writer | Published: 1/26/2021 6:44 AM ET . Reconciliation of "Income (Loss) from continuing operations, net of tax" to "Operating EBITDA", Loss from continuing operations, net of tax (GAAP), + (Benefit from) Provision for income taxes on continuing operations, + Costs historically allocated to the materials science and agriculture businesses 3, Included in "Sundry income (expense) - net.". Adjustments to reconcile net (loss) income to net cash provided by (used for) operating activities: Credit for deferred income tax and other tax related items, Earnings of nonconsolidated affiliates (in excess of) less than dividends received, Net periodic pension benefit cost (credit), Net gain on sales of assets, businesses and investments, Amortization of merger-related inventory step-up. View all. DuPont de Nemours, Inc is primarely in the business of plastics, materials, synth resins & nonvulcan elastomers. An Iranian-American has been sentenced by Iran to 10 years in prison on spying charges, despite his family alleging he never had a trial or an opportunity to defend himself, becoming the latest dual national held in the country amid tensions with the West. Explore Dow's Financial Reporting. Currency was a 1 percent headwind. Free cash flow is defined as cash provided by/used for operating activities less capital expenditures. Early data on the rollout of the vaccines for COVID-19 shows that minority populations in the United States already disproportionately affected by the pandemic are not being immunized at the same rate as white Americans. "We have not yet received word from the pirates," foreign minister Mevlut Cavusoglu told reporters in Ankara. Earnings Report DuPont’s Quarterly Earnings Beat Estimates. Israeli media photographed Leifer boarding a plane at Ben Gurion Airport, her ankles and wrists shackled. VP Corporate Development and Investor Relations. The three and six months ended June 30, 2020 excludes N&B financing fee amortization. That Could Boost the Beaten Up Stock. "We delivered on our structural cost commitments and generated organic revenue growth in the Electronics & Imaging and Nutrition & Biosciences segments despite significant declines in global economic activity. All Reports. AAP January 23, 2013 4:44pm On an organic basis, net sales were down 10 percent as organic growth of 7 percent in Electronics & Imaging and 1 percent in Nutrition & Biosciences was more than offset by organic sales declines in the other segments. Analysts had on average expected a profit of 80 cents per share, according to Refinitiv IBES data. Where to Invest $10,000; 50 Companies to Watch in 2018; Where to Invest $1 Million; Follow. We will remove this and make the changes needed. Refer to pages 15 and 16 for details of significant items. Additionally, we saw continued strength in Tyvek® protective garment and water end markets, achieving double digit revenue growth for the second consecutive quarter. DuPont Reports Third Quarter 2019 Results. pic.twitter.com/gpc1kBP45w> > -- Maddow Blog (@MaddowBlog) January 26, 2021More stories from theweek.com Democrats are getting Chuck Grassleyed Biden did not, in fact, remove Trump's 'Diet Coke button' from the Resolute Desk, White House clarifies Josh Hawley knows exactly what he's doing. "While we were airing that right now, and you were watching it, Republican Minority Leader Mitch McConnell just put out a statement that he is folding on this" and willl "agree to go forward with what Sen. Schumer told him he must," she said. 21 Feb 20 . See the historical U.S. GAAP Consolidated Statements of Operations.