By Dave Sebastian
DuPont de Nemours Inc. raised its full-year sales and adjusted-earnings expectations because of positive trends in its end markets, finance chief Lori Koch said.
The Wilmington, Del., materials-and-chemicals company said it expects net sales of $15.7 billion to $15.9 billion this year, up from its prior outlook of $15.4 billion to $15.6 billion. It said it anticipates operating earnings before interest, taxes, depreciation and amortization of $3.98 billion to $4.08 billion.
The company said it projects full-year adjusted earnings of $3.60 to $3.75 a share, up 30 cents a share from its previous guidance range.
For the second quarter, DuPont said it expects adjusted earnings of 93 cents to 95 cents a share on net sales of $3.925 billion to $4.025 billion. It said it anticipates second-quarter operating Ebitda of $990 million to $1.01 billion.
"We also expect similar top-line trends continuing from first quarter into the second quarter coupled with slight escalation in raw materials and logistics costs," Ms. Koch said.
Write to Dave Sebastian at email@example.com
(END) Dow Jones Newswires
May 04, 2021 06:44 ET (10:44 GMT)Copyright (c) 2021 Dow Jones & Company, Inc.