MW DuPont's stock jumps as earnings beat estimates, boosted by semiconductor recovery and AI
By Ciara Linnane and James Rogers
DuPont's stock is up more than 5% in premarket trades.
DuPont de Nemours Inc.'s stock soared more than 5% early Tuesday, after the chemicals giant reported better-than-expected fourth-quarter revenue and earnings, boosted by semiconductor demand and AI.
Wilmington, Del.-based DuPont had a per-share loss of 17 cents for the quarter, narrower than the loss of 72 cents posted in the year-earlier period. Adjusted for one-time items, it had EPS of $1.13, ahead of the 98-cent FactSet consensus.
Sales rose 7% to $3.092 billion, also beating the $3.068 billion FactSet consensus.
Sales of semiconductor technologies were up in the low teens on an organic basis. In a statement, DuPont cited the continued recovery in semiconductor demand, driven primarily by AI-technology applications and stronger demand in China. Sales of DuPont's Interconnect Solutions were up low-double digits on an organic basis. The company said this reflected broad-based end-market strength, share gains and the impact of AI. DuPont's Industrial Solutions sales rose mid-single digits on an organic basis. The company pointed to improved demand for biopharma in healthcare markets, as well as strength in printing and packaging applications.
"DuPont $(DD)$ closed out a year of strong financial performance with solid fourth quarter results as we saw continued strength in electronics end-markets and a return to year-over-year top-line growth in Water & Protection driven by further improvement in water and medical packaging end-markets," Chief Executive Lori Koch said in prepared remarks.
DuPont shares are up 14.1% in the last 12 months, compared with the S&P 500 index's SPX gain of 20.8%.
-Ciara Linnane -James Rogers
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February 11, 2025 07:02 ET (12:02 GMT)
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