DuPont Tops Profit, Sales Estimates, Gives Estimate of Tariff Impact

Key Takeaways

• DuPont exceeded its first-quarter earnings estimates and revenue expectations due to strong demand from its artificial intelligence-related electronic products.
• The materials and chemical manufacturer also predicted that Trump tariffs would cost 60 million dollars this year, or 0.10 cents per share.
• Without taking into account the tariff impact, DuPont's full-year profit guidance was ahead of forecasts.

DuPont’s (DD) shares rose slightly on Friday after the materials and chemicals giant reported better-than expected results and provided its outlook regarding the impact of Trump Administration tariffs.

DuPont reported earnings per share (EPS), adjusted for the first quarter, of $1.03 and revenue increased by almost 5% on an annual basis to $3.07billion. Both exceeded Visible Alpha estimates.

Sales in ElectronicsCo, the division it plans to spin-off in November, increased by 14% to reach $1.12 billion. This was driven by demand for “advanced devices and AI technology applications along with strong China volumes.”

DuPont Kept Seeing 'Strong Order Patterns' Through April

CEO Lori Koch said the company continued "to benefit from ongoing strength in electronics markets as well as strong demand in healthcare and water end-markets," adding that through April, DuPont kept on seeing "strong order patterns consistent with our expectations."

CFO Antonella Fransen stated that the company expects tariffs to cost $60 million by 2025, or $0.05 per share. DuPont’s adjusted EPS is $4.30 to $ 4.40 without that. Visible Alpha predicted $4.27.

DuPont’s shares, which gained less than 1% late in the morning, have lost 12% of their value this year.