DuPont De Nemours Reports Mixed First Quarter, Sees Hope On The Horizon
DuPont De Nemours Reports Mixed First Quarter, Sees Hope On The Horizon
$DuPont (DD.US)$ reported a first-quarter fiscal 2024 sales decline of 3% year-over-year to $2.931 billion, beating the consensus of $2.813 billion. Organic sales fell 6%, reflecting a 5% decrease in volume and a 1% decrease in price. Organic sales by region YoY: EMEA -8%, U.S./Canada -7% and Asia Pacific -4%.
$杜邦 (DD.US)$ 报告称，2024财年第一季度的销售额同比下降3％，至29.31亿美元，超过了市场预期的28.13亿美元。有机销售额下降了6％，反映了销量下降了5％，价格下降了1％。按地区划分的有机销售额同比：欧洲、中东和非洲 -8%，美国/加拿大 -7%，亚太地区 -4%。
Ed Breen, DuPont Executive Chairman and CEO, said, "The first quarter was encouraging as the electronics market saw continued recovery, demonstrated by 11 percent year-over-year volume growth in Semiconductor Technologies and another quarter of volume growth in Interconnect Solutions."
杜邦执行董事长兼首席执行官埃德·布雷恩表示：“第一季度令人鼓舞，因为电子市场持续复苏，半导体技术的销量同比增长11％，互连解决方案又一个季度的销量增长就证明了这一点。”
Electronics & Industrial sales totaled $1.365 billion (+5% Y/Y), and the operating EBITDA margin contracted by 50 bps to 27.4%. Water & Protection sales were $1.291 billion (-11% Y/Y), and the operating EBITDA margin contracted by 80 bps to 22.9%.
电子和工业销售总额为13.65亿美元（同比增长5％），营业息税折旧摊销前利润率收缩了50个基点至27.4％。水与保护销售额为12.91亿美元（同比下降11％），营业息税折旧摊销前利润率收缩80个基点至22.9％。
DuPont's operating EBITDA declined by 4% Y/Y, and its margin declined by 40 bps to 23.3%.
杜邦的营业息税折旧摊销前利润同比下降4％，利润率下降40个基点至23.3％。
Adjusted EPS for the quarter was $0.79, down from $0.84 a year ago, beating the consensus of $0.65.
本季度调整后的每股收益为0.79美元，低于去年同期的0.84美元，超过了市场预期的0.65美元。
Operating cash flow from continuing activities for the quarter was $493 million, compared to $405 million a year ago. Adjusted free cash flow was $286 million (+65% Y/Y).
本季度来自持续活动的运营现金流为4.93亿美元，而去年同期为4.05亿美元。调整后的自由现金流为2.86亿美元（同比增长65％）。
DuPont held cash and equivalents of $2.347 billion as of March-end. "For the second quarter of 2024, we expect sequential sales and earnings improvement driven by favorable seasonality, continued electronics recovery, and reduced channel inventory destocking in industrial-based end-markets including water and medical packaging," said Lori Koch, Chief Financial Officer.
截至3月底，杜邦持有的现金及等价物为23.47亿美元。首席财务官洛里·科赫表示：“我们预计，在2024年第二季度，受有利的季节性、持续的电子产品复苏以及包括水和医用包装在内的工业终端市场渠道库存减少的推动，销售和收益将连续改善。”
DuPont's quarterly dividend of $0.38 per share is payable on June 17 to holders of record on May 31.
杜邦每股0.38美元的季度股息将于6月17日支付给5月31日的登记持有人。
DuPont expects net sales of ~$ $3.025 billion versus the consensus of $3.025 billion and Adjusted EPS of ~$ $0.84 against the consensus of $0.78; it sees Operating EBITDA of ~$ $710 million.
杜邦预计净销售额约为30.25亿美元，而市场普遍预期为30.25亿美元，调整后每股收益约为0.84美元，而市场普遍预期为0.78美元；预计营业息税折旧摊销前利润约为7.1亿美元。
DuPont sees adjusted EPS of $3.45 – $3.75 (prior $3.25-$3.65) versus the $3.45 consensus and revenue of $12.1 billion—$12.4 billion (prior $11.9 billion—$12.3 billion) versus the $12.116 billion consensus.
杜邦预计，调整后的每股收益为345美元至3.75美元（之前为32.5美元至3.65美元），而预期收益为3.45美元，收入为121亿美元至124亿美元（之前为119亿美元至123亿美元），而市场普遍预期为121.16亿美元。