Snapshot
DuPont de Nemours, Inc. reported $3.26B of revenue in Q2 2025, up 2.7% year over year, with diluted EPS of $0.14 and an operating margin of 11.5%.
- Revenue
- $3.26B
- YoY growth
- +2.7%
- Diluted EPS
- $0.14
- Operating margin
- 11.5%
$3.26B
Revenue
+2.7%
YoY growth
$0.14
Diluted EPS
11.5%
Operating margin
01 Key takeaways
What management said
- •Earlier today we reported another solid quarter ahead of our previously communicated guidance.
- •Second quarter sales of $3.3 billion grew 2% on an organic basis.
- •Operating EBITDA of $859 million increased 8% year over year, resulting in operating EBITDA margin of 26.4%, an increase of 120 basis points from the prior year.
- •As a result of our strong second quarter financial performance, we are raising our full year earnings guidance.
- •Second quarter saw continued strength in electronics driven by AI technology demand in both Interconnect Solutions and Semi and strong volume growth in Healthcare and Water.
- •DuPont, we've assembled a highly experienced senior leadership team consisting of a healthy mix between in-house and external talent who bring great experience in driving growth and margin expansion.
- •Jeroen has both internal and external experience in complex global markets with a strong focus on commercial excellence as well as a growth mindset.
- •Dave brings extensive knowledge and operational excellence with a proven track record of driving performance improvement and implementing business systems.
- •The new DuPont will have a more focused portfolio highlighted by high-growth healthcare and water end markets, with a continued emphasis on innovation and customer relationships.
- •We are well positioned to accelerate growth through a more agile and focused organization.
- •Cunity is well positioned for growth, powered by a large and expanding addressable market.
- •At that event, I will share more about our portfolio and strategy, unique competitive advantages, and innovation engine to drive long term growth.
What went well
- •Second quarter sales of $3.3 billion grew 2% organically (3% reported), with operating EBITDA of $859 million up 8% year-over-year.
- •Operating EBITDA margin of 26.4% increased 120 basis points from the prior year; adjusted EPS of $1.12 was up 15% from $0.97.
- •Electronics Company organic sales up 6%, led by high single-digit growth in interconnect solutions and mid single-digit strength in semi on AI demand; Electronics EBITDA up 14% with margin up 220 basis points to 31.9%.
- •Healthcare and water sales up high single digits organically with strong growth in both businesses, supported by lapping of prior-year destocking.
- •Transaction adjusted free cash flow of $433 million and conversion of 93%, in line with expected acceleration.
- •Announced a New Jersey settlement (with Chemours and Corteva) resolving environmental and PFAS claims, with DuPont's portion of $177 million on an NPV basis payable over a 25-year period.
What went wrong
- •Organic price declined 2% in the quarter, primarily on the diversified industrial side as pricing taken during the inflationary period was given back.
- •Diversified Industrial sales were down low single digits organically due primarily to softness in construction markets, with weakness in construction continuing to impact the business.
- •The midpoint of full year total company net sales guidance remained unchanged as currency benefits were offset by volume softness, primarily a delayed recovery in construction end markets.
- •Tariffs created a net second-half headwind, estimated at $20 million or $0.04 per share, split between Q3 and Q4.
- •Most of the non-AI electronics economy remained relatively weak, with consumer devices expected to be up only low single digits.
Guidance changes
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Performance breakdown
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Earnings call themes & trends
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