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DuPont Raises 2021 Expectations

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


(END) Dow Jones Newswires

May 04, 2021 06:44 ET (10:44 GMT)

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