Key facts
- DuPont raised its annual profit forecast and beat second-quarter estimates.
- Price increases and cost-cutting measures contributed to the improved financial performance.
- The company expects mid-single-digit organic sales growth in the second half of the year.
- DuPont lifted its 2026 adjusted core profit outlook to between $1.75 billion and $1.77 billion.
- Adjusted earnings per share are now expected to be between $7.17 and $7.32.
Industrial materials maker DuPont raised its annual profit forecasts on Tuesday, reporting a second-quarter performance that surpassed analyst expectations. The company attributed its success to strategic price increases and effective capital deployment measures, including debt reduction and share repurchases.
DuPont's financial results were also bolstered by a favorable market environment for certain chemicals, partly due to disruptions in oil and petrochemical flows stemming from tensions in the Strait of Hormuz, which have tightened global chemical supplies and driven up polymer prices.
The company now projects its 2026 adjusted core profit to be between $1.75 billion and $1.77 billion, an increase from its previous outlook. Adjusted earnings per share are expected to range from $7.17 to $7.32, reflecting a recent 1-for-3 reverse stock split. DuPont anticipates mid-single-digit organic sales growth in the latter half of the year, driven by continued strength in its healthcare, industrial water, and aerospace segments.
In the second quarter, net sales for the healthcare and water technologies segment grew by nearly 5% year-over-year to $856 million, while the diversified industrials segment saw a 3.3% increase in net sales to $963 million. DuPont narrowed its annual net sales forecast to $7.16 billion to $7.19 billion, citing a currency headwind. The company reported an adjusted profit of $1.88 per share for the three months ended June 30, exceeding the analyst estimate of $1.76 per share.