DuPont Expects Sales to Rise in 1Q, 2021

By Dave Sebastian

DuPont de Nemours Inc. said it sees sales rising roughly 8% in 2021 to between $15.4 billion and $15.6 billion after it reported higher profit and sales for the fourth quarter.

The Wilmington, Del.-based materials and chemicals company sees adjusted earnings of $3.30 a share to $3.45 a share for the full year, reflecting better operating earnings before interest, taxes, depreciation and amortization, lower interest expense and the benefit of a lower share count, Finance Chief Lori Koch said Tuesday.

Ms. Koch said the company sees first-quarter sales rising about 4% to between $3.75 billion to $3.85 billion. It expects adjusted earnings of 75 cents a share to 77 cents a share for the quarter, she said.

The company will classify the nutrition and biosciences segment as discontinued operations starting the first quarter, it said.

Write to Dave Sebastian at dave.sebastian@wsj.com

(END) Dow Jones Newswires

February 09, 2021 06:33 ET (11:33 GMT)

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