DuPont Stock Plummets 12% on Preliminary Results, Weak Guidance

DuPont Reports Preliminary Q1 Outlook, Stock Drops 12%

DuPont de Nemours has provided a preliminary outlook for the first quarter, causing its stock to drop nearly 12%. The company’s forecast for net sales of approximately $2.8 billion is significantly below consensus estimates of $3.04 billion. Adjusted earnings per share (EPS) are also anticipated to be lower than expected, with a range of 63 cents to 65 cents compared to the estimated 88 cents. DuPont attributes these less favorable projections to additional channel inventory destocking and weak demand in China, and expects sales and earnings declines to continue in Q1 2024.