DuPont: EPS target raised for 2024

(CercleFinance.com) - On the occasion of its quarterly publication, DuPont de Nemours raised its 2024 targets for adjusted EPS to around $3.
90 and for operating EBITDA to around $3.125 billion, but lowered its revenue target to around $12.365 billion.

In its third quarter, the Wilmington, Delaware-based chemicals group saw its adjusted EPS rise by 28% to $1.18 and its operating EBITDA increase by 11% to $857 million, representing a margin improvement of 1.5 points to 26.8%.

At $3.19 billion, revenues were up 4%, with a positive scope effect partly offset by a currency effect. On an organic basis, sales rose by 3%, with a 5% increase in volumes but a 2% drop in prices.

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