Key facts
- DuPont forecast fourth-quarter adjusted earnings of $1.90-$1.95 per share, above the $1.87 per share LSEG analyst average estimate.
- Sales at DuPont's healthcare and water technologies segment rose nearly 4% to $865 million from a year earlier.
- Sales at DuPont's diversified industrials segment increased 4.2% to more than $1 billion.
- DuPont said it plans to buy back an additional $250 million of shares in the fourth quarter.
- DuPont spun off its electronics business, including semiconductor technologies, into Qnity Electronics last year.
DuPont raised its 2026 adjusted earnings forecast to $7.47-$7.52 per share from $7.17-$7.32 per share, and lifted its adjusted core profit outlook to nearly $1.79 billion from a previous range of $1.75 billion to $1.77 billion, the company said on November 3.
The Wilmington, Delaware-based industrial materials maker reported adjusted profit of $2.09 per share for the three months ended September 30, topping analysts' average estimate of $1.87 per share, according to data compiled by LSEG. For the fourth quarter, DuPont forecast adjusted earnings of $1.90-$1.95 per share, above the same $1.87 per share estimate.
Net sales at DuPont's healthcare and water technologies segment rose nearly 4% to $865 million from a year earlier, while sales at its diversified industrials segment increased 4.2% to more than $1 billion. DuPont said strong demand in healthcare, aerospace and industrial water markets helped drive the third-quarter beat.
DuPont said it concluded a $250 million accelerated share repurchase program and substantially completed $100 million of open-market share repurchases during the third quarter. It plans to repurchase an additional $250 million of shares in the fourth quarter.
The company has been streamlining its portfolio toward higher-growth end markets such as semiconductors, healthcare, water technologies and aerospace. It spun off its electronics business, which includes semiconductor technologies and interconnect solutions, into independent public company Qnity Electronics last year. DuPont also said it had increased prices, improved productivity and reduced debt to support earnings amid weak demand in parts of the chemicals market.