Snapshot
DuPont de Nemours, Inc. reported $3.07B of revenue in Q3 2025, up 7.3% year over year, with diluted EPS of $-0.29 and an operating margin of 12.6%.
- Revenue
- $3.07B
- YoY growth
- +7.3%
- Diluted EPS
- $-0.29
- Operating margin
- 12.6%
$3.07B
Revenue
+7.3%
YoY growth
$-0.29
Diluted EPS
12.6%
Operating margin
01 Key takeaways
What management said
- •As a quick reminder, on the basis of presentation for our third quarter financial results, our total company net sales, operating EBITDA, and adjusted EPS include segment results for Electronics Co.
- •Earlier today, we reported another solid quarter ahead of our previously communicated guidance.
- •Third quarter sales of $3.1 billion grew 6% on an organic basis.
- •Operating EBITDA of $840 million increased 6% year-over-year, resulting in an operating EBITDA margin of 27.3%.
- •As a result of our strong third quarter financial performance and our expected operational improvements, we are raising our full-year earnings guidance for the new DuPont.
- •Third quarter saw organic growth across all businesses with continued strong volume growth in healthcare and water, coupled with strength in electronics driven by AI technology demand in both interconnect solutions and semi.
- •Today, we also announced capital allocation updates for the new DuPont, both in the form of a quarterly dividend and a new share repurchase authorization.
- •We declared our initial quarterly dividend under new DuPont in the amount of $0.20 per share, in line with our targeted 35%-45% payout ratio.
- •Both of these actions underpin our commitment to a disciplined capital allocation model and are a testament to our financial strength and dedication to delivering value.
- •As a premier pure-play technology solutions partner to the semiconductor value chain, CUNY is well-positioned to deliver growth and value creation for its shareholders.
- •Our strategy is focused around driving above-market organic growth, building a robust business system, deploying a balanced capital allocation model, and consistently delivering results.
- •We have successfully repositioned ourselves and have a streamlined portfolio of leading businesses, the majority of which are aligned to secular end markets, which will enable strong organic growth.
What went well
- •Third quarter sales of $3.1 billion grew 6% organically (7% reported including 1% currency), with organic growth across all businesses and all regions (North America and Asia-Pacific up 7%, Europe up 6%).
- •Operating EBITDA of $840 million increased 6% year-over-year, with an operating EBITDA margin of 27.3%.
- •Transaction-adjusted free cash flow of $576 million and conversion of 126%, in line with expected acceleration.
- •Electronics Co. organic sales up 10%, led by low-teens growth in interconnect solutions and high single-digit growth in semi on AI-driven technology demand and content/share gains.
- •Healthcare and water sales up high single digits organically, led by medical packaging, biopharma, reverse osmosis, and ion exchange.
- •Completed the Qnity (CUNY) separation, received about $4.2 billion of cash to reduce debt, and announced an initial $0.20 quarterly dividend and a $2 billion repurchase authorization with a $500 million ASR.
What went wrong
- •Organic sales included a $70 million benefit from order timing shifts into Q3 from Q4 due to system cutover activities; excluding this, organic growth would have been 4%.
- •Operating EBITDA margin of 27.3% was down approximately 30 basis points year-over-year due to unfavorable mix in Electronics Co.
- •Adjusted EPS of $1.09 was flat with the year-ago period as higher segment earnings of $0.09 were offset by a higher tax rate (base tax rate of 24.6% versus 19.5% prior year, which included discrete benefits).
- •Construction markets remained soft, with the Shelter business expected to be down about 4% organically for the full year and down about 3%-4% in Q4.
- •Electronics Co. operating EBITDA margin of 31.6% was down 140 basis points year-over-year, primarily due to unfavorable mix and currency headwinds.
Guidance changes
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Performance breakdown
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Earnings call themes & trends
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