Key Takeaways
- DuPont exceeded first-quarter earnings and revenue estimates on strong demand for its artificial intelligence-related electronics products.
- The materials and chemical maker also predicted announced Trump administration tariffs will cost $60 million this year, or $0.10 per share.
- Without taking into account the tariff impact, DuPont’s full-year profit guidance was ahead of forecasts.
DuPont (DD) shares advanced slightly Friday as the materials and chemical giant posted better-than-expected results and gave its outlook for the impact of Trump administration tariffs.
DuPont reported first quarter adjusted earnings per share (EPS) of $1.03, with revenue up nearly 5% year-over-year to $3.07 billion. Both exceeded Visible Alpha estimates.
Sales in its ElectronicsCo division, which it plans to spin off in November, jumped 14% to $1.12 billion, driven by demand for “advanced nodes and AI technology applications, along with strong China volume.”
DuPont Kept Seeing ‘Strong Order Patterns’ Through April
CEO Lori Koch said the company continued “to benefit from ongoing strength in electronics markets as well as strong demand in healthcare and water end-markets,” adding that through April, DuPont kept on seeing “strong order patterns consistent with our expectations.”
CFO Antonella Franzen explained that the company anticipates announced tariffs will cost $60 million in 2025, or $0.10 per share. Without that included, DuPont sees adjusted EPS of $4.30 to $4.40. The Visible Alpha forecast was for $4.27.
Shares of DuPont, which rose less than 1% in late-morning trading, have lost about 12% this year.
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