WILMINGTON, Del., March 16, 2022 /PRNewswire/ -- Ed Breen,
Executive Chairman and Chief Executive Officer of DuPont, and
Lori Koch, Chief Financial Officer
of DuPont, will participate in a fireside chat at the J.P. Morgan
2022 Industrials Conference in New
York tomorrow from 8:00 a.m. to 8:40
a.m.
A live audio webcast of the presentation can be accessed via the
DuPont Investor Relations webpage. Replay of the webcast will
be available for 30 days following the presentation.
Additionally, as a result of the Company's announcement on
February 18,
2022(1) of Board of Director approval and
definitive agreements to divest a substantial portion of its
Mobility & Materials segment (the "Divested M&M
Businesses"), the results of the Divested M&M Businesses will
be reclassified and reflected as discontinued operations beginning
in first quarter 2022 for current and historical periods.
Accordingly, we have provided supplemental information on the
Investor Relations webpage related to our new reporting structure,
along with the estimated impact of reclassifying the Divested
M&M businesses to discontinued operations on our 2022 guidance
issued on February 8, 2022.
About DuPont
DuPont (NYSE: DD) is a global innovation
leader with technology-based materials and solutions that help
transform industries and everyday life. Our employees apply diverse
science and expertise to help customers advance their best ideas
and deliver essential innovations in key markets including
electronics, transportation, construction, water, healthcare and
worker safety. More information about the company, its businesses
and solutions can be found at www.dupont.com. Investors can access
information included on the Investor Relations section of the
website at investors.dupont.com.
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.
(1) On February 18,
2022, DuPont announced that it has entered into definitive
agreements to divest a majority of its Mobility & Materials
segment, excluding certain Advanced Solutions and Performance
Resins businesses, to Celanese Corporation ("Celanese"), (the
"M&M Divestiture"). Closing is expected around the end of 2022,
subject to regulatory approvals and customary closing
conditions.
The Company also announced on February
18, 2022 that its Board of Directors has approved the
divestiture of the Delrin® acetal homopolymer (H-POM) business. In
addition to the entry into definitive agreements, the Company
anticipates that the closing of the sale of Delrin® would be
subject to regulatory approvals and other customary closing
conditions, (the "Delrin® Business Divestiture" and together with
the M&M Divestiture, the "M&M Divestitures").
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SOURCE DuPont