From RTTNews:

DuPont (DD) issued preliminary financial results for the fourth quarter and full year 2023, expecting a non-cash goodwill impairment charge of $750-850 million. Fourth quarter GAAP loss per share is projected to be $0.88 – $0.52, and adjusted EPS at $0.85 – $0.87, with net sales around $2.90 billion.

For fiscal 2023, adjusted EPS is projected at $3.46 – $3.48, with net sales of approximately $12.07 billion. CEO Ed Breen anticipates a sequential sales and earnings decline in the first quarter of 2024.

For the first quarter of 2024, DuPont expects net sales of approximately $2.8 billion, operating EBITDA of around $610 million, and adjusted EPS at $0.63 – $0.65.

The company’s final fourth quarter and full year 2023 financial results are set to be released on February 6, 2024. DuPont’s shares are down 11% in pre-market trade, with more information available at rttnews.com.



Read more: DuPont Projects Sequential Sales, Earnings Decline In Q1; Stock Tumbles