DuPont Expects Sales to Rise in 1Q, 2021
February 09 2021 - 6:48AM
Dow Jones News
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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