DuPont Reports Third Quarter 2020 Results
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DuPont (DD) Tops Q3 EPS by 13c, Revenues Beat; Offers FY20 EPS Guidance Above Consensus, Provides FY20 Revs. Outlook
October 29, 2020 6:06 AM EDTDuPont (NYSE: DD) reported Q3 EPS of $0.88, $0.14 better than the analyst estimate of $0.75. Revenue for the quarter came in at $5.1 billion versus the consensus estimate of $4.98 billion.
3Q20 GAAP EPS from continuing operations of $(0.11); adjusted EPS of $0.883Q20 Net Sales of $5.1 billion, down 6 percent; organic sales down 6 percent3Q20 GAAP Loss from continuing operations of $(72) million and Operating EBITDA of $1.3 billion$150 million in non-manufacturing costs savings in the quarter; approximately two-thirds structuralIncreased 2020 cost savings from current year actions from $180 million to $280 millionOperating cash flow of $1.3 billion; $1.1... More