-
- News
- Books
Featured Books
- pcb007 Magazine
Latest Issues
Current IssueAlternate Metallization Processes
Traditional electroless copper and electroless copper immersion gold have been primary PCB plating methods for decades. But alternative plating metals and processes have been introduced over the past few years as miniaturization and advanced packaging continue to develop.
Technology Roadmaps
In this issue of PCB007 Magazine, we discuss technology roadmaps and what they mean for our businesses, providing context to the all-important question: What is my company’s technology roadmap?
Wet Process Control
In this issue, we examine wet processes and how to obtain a better degree of control that allows usable data to guide our decisions and produce consistently higher-quality products.
- Articles
- Columns
Search Console
- Links
- Media kit
||| MENU - pcb007 Magazine
DuPont Reports 3Q Net Sales of $3.3 Billion, Up 4%
November 9, 2022 | DuPontEstimated reading time: 1 minute
DuPont announced financial results for the third quarter of 2022.
"Despite a continued challenging macro environment marked by substantial cost inflation, we delivered better than expected top-line and bottom-line financial performance through disciplined operational execution including necessary targeted pricing actions," said Ed Breen, DuPont Executive Chairman and Chief Executive Officer. "Underlying demand during the quarter remained strong in most of our key end-markets notably semiconductor, water and general industrial. Looking ahead, we remain focused on solid execution and operating discipline to maintain strong financial performance in a global environment facing continued uncertainties."
"Last week's closing of the M&M divestiture to Celanese was a milestone event for DuPont, advancing our strategy to concentrate the Company's portfolio in more stable, higher-growth and higher-margin businesses," Breen continued. "With the M&M sale now complete, we are returning substantial excess capital to shareholders while also further strengthening our balance sheet to maintain financial flexibility. Our announcement today of a new $5.0 billion share repurchase program and our intent to retire $2.5 billion in long-term debt highlight our commitment to a balanced capital allocation approach focused on shareholder value creation."
Third Quarter 2022 Highlights
- 3Q Net Sales of $3.3 billion increased 4%; organic sales increased 11% versus year-ago period
- 3Q GAAP Income from continuing operations of $359 million; operating EBITDA of $856 million increased 5% versus year-ago period
- Operating EBITDA margin increased 30 basis points year-over-year
- 3Q GAAP EPS from continuing operations of $0.69; adjusted EPS of $0.82 increased 4% versus year-ago period; higher tax rate was a $0.05 headwind versus previously issued guidance
- ~$415 million of capital returned to shareholders through share repurchases and dividends
Transaction and Capital Allocation Updates
- M&M Divestiture to Celanese closed on November 1 with gross cash received of $11.0 billion
- Rogers Corporation transaction terminated on November 1 due to lack of receipt of regulatory clearance
- Announces Board approval of new $5.0 billion share repurchase program with intended $3.25 billion accelerated share repurchase program to be executed imminently
- Announces intent to retire $2.5 billion of Senior Notes due in November 2023 as part of balanced capital allocation framework
Suggested Items
Teledyne FLIR Defense Wins $91 Million Contract from U.S. Army for Black Hornet 4 Nano-Drones
10/22/2024 | BUSINESS WIRETeledyne FLIR Defense, part of Teledyne Technologies Incorporated (NYSE:TDY), has won a five-year contract worth up to $91 million to provide its Black Hornet® 4 Personal Reconnaissance Systems to the United States Army.
Cicor Group Continues to Thrive in a Challenging Market
10/15/2024 | CicorRevenue increased by 26.3% to CHF 120.4 million, bringing the year-to-date total to CHF 351.7 million. The company's strong order intake, with a book-to-bill ratio of 1.01, indicates a healthy pipeline of future business.
AV Secures $743 Million Additional Contract Ceiling for Switchblade Loitering Munition Systems
10/15/2024 | BUSINESS WIREAeroVironment (AV), a global leader in intelligent, multi-domain robotic systems, announced that the U.S. Army has awarded a $54.9 million delivery order for the production of Switchblade® loitering munition systems.
Easy-PC Celebrates 40 Years of Excellence in PCB Design with the Addition of Over 40 New Features
10/15/2024 | Easy-PCNumber One Systems, a technology-leading PCB design solution company, celebrates 40 years of success with the release of its latest update, Easy-PC™ Version 28, featuring more than 40 new enhancements.
Global Satellite IoT Subscriber Base to Reach 26.7 Million by 2028
10/14/2024 | Berg InsightThe global satellite IoT communications market is growing at a good steady pace according to a new research report from specialist IoT analyst firm Berg Insight.