DuPont Reports Third Quarter 2023 Results
WILMINGTON, Del., Nov. 1, 2023 /PRNewswire/ -- DuPont (NYSE: DD) announced its financial results(1) for the third quarter ended September 30, 2023.
- Organic sales(2) decline of 10% reflects lower volume primarily from semiconductor and construction end-markets, as well as the impact of channel inventory destocking.
- 12% organic sales(2) decline in Asia Pacific; 10% organic sales(2) decline in U.S. & Canada; 2% organic sales(2) decline in EMEA.
- (1) Results and cash flows are presented on a continuing operations basis.
- Cash provided by operating activities from continuing operations in the quarter of $740 million and capital expenditures of $119 million resulted in adjusted free cash flow(2) of $621 million.