News about DuPont

DuPont reported third-quarter results on Tuesday that beat analyst expectations and raised its full-year guidance, and its shares closed almost 9% higher that day. Net sales rose 4% year over year to just under $1.87 billion, above the average analyst estimate of $1.84 billion. GAAP net income from continuing operations jumped 68% to $171 million, and adjusted EPS climbed 62% to $2.09, versus an estimate of $1.86. The company raised its 2026 adjusted EPS guidance to $7.47 to $7.52 from $7.17 to $7.32, and narrowed its net sales outlook to about $7.19 billion from $7.16 billion to $7.19 billion. Strength in healthcare, aerospace and industrial water offset weakness in cyclical businesses, and the author notes the broader market remains weak.

Jim Cramer's Charitable Trust sold 50 shares of DuPont (DD) at about $147, reducing its portfolio weighting to about 1.5% from 1.7%. DuPont reported a better-than-expected third quarter, with organic sales up 5% year over year and adjusted EPS of $2.09 versus the $1.87 consensus estimate from LSEG. Growth was broad-based, though Water would have been a couple of points stronger without Middle East disruptions. The company also raised full-year guidance and gave an upbeat fourth-quarter outlook, lifting shares about 4% to around $147 after touching $154 intraday. The commentary says DuPont continues to execute on its post-separation initiatives and generate free cash flow for buybacks, but the next catalyst remains unclear. The trust is realizing a gain of about 58% on shares bought in August 2023.

Jim Cramer's Charitable Trust is selling 58 DuPont (DD) shares at roughly $143 each. After Monday's trade, the trust holds 450 DD shares, cutting its portfolio weight to 1.65% from 1.85%. The small trim offsets an earlier Boeing (BA) purchase that day. DuPont shares are up about 10% since late September, helped by rotation out of data center buildout names, but remain about $12 below their 2026 peak and are up about 18% year to date. The author says the simplification story has largely played out a year after the Qnity Electronics separation, with shares up about 36% since the breakup. The sale will realize a gain of roughly 48% on shares bought in August 2023, and the author will watch DuPont's earnings before Tuesday's open.