Throughout this filing, except as otherwise noted by the context, the terms "DuPont" or "the Company" used herein mean DuPont de Nemours, Inc. and its consolidated subsidiaries. Costs previously allocated to the materials science and agriculture businesses that did not meet the definition of expenses related to discontinued operations in accordance with ASC 205. View as PDF and view charts here.. WILMINGTON, Del., Jan. 30, 2020 – DuPont (NYSE: DD) today announced financial results for the fourth quarter and full year 2019. issued 2019: 738,564,728 shares; 2018: 784,143,433 shares), Treasury stock at cost (2019: 0 shares; 2018: 27,817,518 shares), Pro Forma Consolidated Statements of Operations, Net income attributable to noncontrolling interests from continuing operations, Net income (loss) from continuing operations available for DuPont common stockholders. ET. And … On December 15, 2019, DuPont and IFF announced they had entered definitive agreements to combine DuPont’s Nutrition & Biosciences business with IFF in a transaction that would result in IFF issuing shares to DuPont shareholders, pending customary closing conditions, other approvals including regulatory and that of IFF’s shareholders. Organic sales were up 3 percent versus prior year. Pro forma GAAP EPS from continuing operations totaled $(0.74) versus $0.23 in the year-ago period; the decline is mostly attributable to higher significant items(2), a higher tax rate, currency headwinds and lower segment results partially offset by lower costs historically allocated to Dow and Corteva. January 30, 2020 08:00 AM ET. Fourth quarter operating EBITDA for the segment was $293 million, a decrease of 9 percent from pro forma operating EBITDA of $321 million in the year-ago period, with volume gains in Interconnect Solutions more than offset by unfavorable mix. Net income from continuing operations available for DuPont common stockholders. Moving on in the DuPont earnings preview for the second quarter of 2019 we have a revenue estimate of $5.63 billion. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Common stock (authorized 1,666,666,667 shares of $0.01 par value each; issued 2019: 738,564,728 shares; 2018: 784,143,433 shares), Net income attributable to noncontrolling interests from continuing, Net income (loss) from continuing operations available for DuPont common, Significant items included in equity earnings, + Costs historically allocated to the materials science and agriculture, Net loss on divestitures and changes in joint, Less: Costs historically allocated to the materials, (Loss) Income from continuing operations before, (Loss) Income from continuing operations, net of, Net income attributable to noncontrolling, Net (loss) income from continuing operations, Weighted-average common shares outstanding -. pro forma income (loss) from continuing operations before income taxes) before interest, depreciation, amortization, non-operating pension / OPEB benefits / charges, and foreign exchange gains / losses, excluding the impact of costs historically allocated to the materials science and agriculture businesses that did not meet the criteria to be recorded as discontinued operations and adjusted to exclude significant items. The income tax effect on significant items was calculated based upon the enacted tax laws and statutory income tax rates applicable in the tax jurisdiction(s) of the underlying non-GAAP adjustment. More information can be found at, Military, Law Enforcement & Emergency Response, Full year 2019 pro forma GAAP EPS from continuing operations of $(0.74); pro forma adjusted EPS of $3.80, Full year 2019 pro forma operating EBITDA margins up 10 bps more than offsetting 50 bps headwind from lower equity affiliate income, 4Q19 Net Sales of $5.2 billion, down 5 percent; organic sales down 2 percent, 4Q19 GAAP EPS from continuing operations of $0.24; Adjusted EPS of $0.95, More than $1.3 billion returned to shareholders since June 1 including $750 million of share repurchases, Advanced active portfolio management strategy announcing planned merger of the Nutrition & Biosciences business with IFF to create a global leader in high-value ingredients and solutions in Food & Beverage, Home & Personal Care and Health & Wellness markets, 2020 adjusted earnings per share guidance of $3.70 to $3.90 reflecting headwinds from prior year discrete benefits and nylon market pressures. Significant Items Impacting Pro Forma Results for the Twelve Months Ended December 31, 2019, Less: Costs historically allocated to the materials science and agriculture businesses 8, Significant Items Impacting Pro Forma Results for the Twelve Months Ended December 31, 2018, Merger-related inventory step-up amortization 9, Net loss on divestitures and changes in joint venture ownership. Productivity and pricing gains were more than offset by unfavorable mix and lower volume. While the list of factors presented here is considered representative, no such list should be considered a complete statement of all potential risks and uncertainties. Good day and welcome to the DuPont Third Quarter 2019 Earnings Call. Pro forma GAAP Income (Loss) from continuing operations totaled $(522) million, versus $237 million in the year-ago period. DuPont de Nemours Inc Q4 2019 Earnings Call Jan 30, 2020, 8:00 a.m. Net (loss) income from continuing operations available for DuPont common stockholders. Pro forma operating EBITDA margins were up over 300 basis points driven by pricing gains across the portfolio, productivity actions and cost savings partially offset by currency and higher planned maintenance costs. This communication contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Organic sales were down 9 percent driven by 15 percent volume declines offset by 6 percent pricing gains. Fourth quarter operating EBITDA for the segment was $277 million, a decrease of 19 percent from pro forma operating EBITDA of $344 million in the year-ago period with cost reductions and favorable raw material costs being more than offset by lower volumes and nylon price headwinds. In contemplation of the Distributions and to achieve the respective credit profiles of each of DuPont, Dow, and Corteva, in the fourth quarter of 2018, DowDuPont consummated a public underwritten offer of eight series of senior unsecured notes (the "2018 Senior Notes") in the aggregate principal amount of $12.7 billion and entered into a term loan agreement consisting of two term loan facilities (the "Term Loan Facilities") in the aggregate principal amount of $3.0 billion. A detailed discussion of some of the significant risks and uncertainties which may cause results and events to differ materially from such forward-looking statements is included in the section titled “Risk Factors” (Part II, Item 1A) of DuPont’s Quarterly Report on Form 10-Q for the period ended September 30, 2019 and its subsequent reports on Form 10-Q, 10-K and Form 8-K. © 2020 DuPont. The unaudited pro forma Statements of Operations for the years ended December 31, 2019 and 2018 and for three months ended December 31, 2018 give effect to the pro forma events as if they had been consummated on January 1, 2018. Statements of Operations, (Loss) Income from continuing operations before income taxes, Provision for income taxes on continuing operations, (Loss) Income from continuing operations, net of tax, Net income attributable to noncontrolling interests from continuing operations, Net (loss) income from continuing operations attributable to DuPont, (Loss) Earnings per common share from continuing operations - basic, (Loss) Earnings per common share from continuing operations - diluted, Weighted-average common shares outstanding - basic, Weighted-average common shares outstanding - diluted, View original content to download multimedia:http://www.prnewswire.com/news-releases/dupont-reports-fourth-quarter-and-full-year-2019-results-300995883.html, Computershare (transfer agent)
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