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%.
$杜邦 (DD.US)$ 報告稱，2024財年第一季度的銷售額同比下降3％，至29.31億美元，超過了市場預期的28.13億美元。有機銷售額下降了6％，反映了銷量下降了5％，價格下降了1％。按地區劃分的有機銷售額同比：歐洲、中東和非洲 -8%，美國/加拿大 -7%，亞太地區 -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."
杜邦執行董事長兼首席執行官埃德·布雷恩表示：“第一季度令人鼓舞，因爲電子市場持續復甦，半導體技術的銷量同比增長11％，互連解決方案又一個季度的銷量增長就證明了這一點。”
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%.
電子和工業銷售總額爲13.65億美元（同比增長5％），營業息稅折舊攤銷前利潤率收縮了50個點子至27.4％。水與保護銷售額爲12.91億美元（同比下降11％），營業息稅折舊攤銷前利潤率收縮80個點子至22.9％。
DuPont's operating EBITDA declined by 4% Y/Y, and its margin declined by 40 bps to 23.3%.
杜邦的營業息稅折舊攤銷前利潤同比下降4％，利潤率下降40個點子至23.3％。
Adjusted EPS for the quarter was $0.79, down from $0.84 a year ago, beating the consensus of $0.65.
本季度調整後的每股收益爲0.79美元，低於去年同期的0.84美元，超過了市場預期的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).
本季度來自持續活動的運營現金流爲4.93億美元，而去年同期爲4.05億美元。調整後的自由現金流爲2.86億美元（同比增長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，杜邦持有的現金及等價物爲23.47億美元。首席財務官洛裏·科赫表示：“我們預計，在2024年第二季度，受有利的季節性、持續的電子產品復甦以及包括水和醫用包裝在內的工業終端市場渠道庫存減少的推動，銷售和收益將連續改善。”
DuPont's quarterly dividend of $0.38 per share is payable on June 17 to holders of record on May 31.
杜邦每股0.38美元的季度股息將於6月17日支付給5月31日的登記持有人。
DuPont expects net sales of ~$ $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.
杜邦預計淨銷售額約爲30.25億美元，而市場普遍預期爲30.25億美元，調整後每股收益約爲0.84美元，而市場普遍預期爲0.78美元；預計營業息稅折舊攤銷前利潤約爲7.1億美元。
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.
杜邦預計，調整後的每股收益爲345美元至3.75美元（之前爲32.5美元至3.65美元），而預期收益爲3.45美元，收入爲121億美元至124億美元（之前爲119億美元至123億美元），而市場普遍預期爲121.16億美元。