DuPont Raises 2021 Expectations
May 04 2021 - 6:59AM
Dow Jones News
By Dave Sebastian
DuPont de Nemours Inc. raised its full-year sales and
adjusted-earnings expectations because of positive trends in its
end markets, finance chief Lori Koch said.
The Wilmington, Del., materials-and-chemicals company said it
expects net sales of $15.7 billion to $15.9 billion this year, up
from its prior outlook of $15.4 billion to $15.6 billion. It said
it anticipates operating earnings before interest, taxes,
depreciation and amortization of $3.98 billion to $4.08
billion.
The company said it projects full-year adjusted earnings of
$3.60 to $3.75 a share, up 30 cents a share from its previous
guidance range.
For the second quarter, DuPont said it expects adjusted earnings
of 93 cents to 95 cents a share on net sales of $3.925 billion to
$4.025 billion. It said it anticipates second-quarter operating
Ebitda of $990 million to $1.01 billion.
"We also expect similar top-line trends continuing from first
quarter into the second quarter coupled with slight escalation in
raw materials and logistics costs," Ms. Koch said.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
May 04, 2021 06:44 ET (10:44 GMT)
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