-
- News
- Books
Featured Books
- pcb007 Magazine
Latest Issues
Current IssueEngineering Economics
The real cost to manufacture a PCB encompasses everything that goes into making the product: the materials and other value-added supplies, machine and personnel costs, and most importantly, your quality. A hard look at real costs seems wholly appropriate.
Alternate 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?
- 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
Nano Dimension Posts Revenue of Revenue $14.9M in Q3 2024; Up 22% YoY
11/20/2024 | Nano DimensionNano Dimension Ltd., a leading supplier of Additively Manufactured Electronics (AME) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (AM) 3D printing solutions, today announced financial results for the third quarter ended September 30th , 2024 and shared a letter from Yoav Stern, the Company’s Chief Executive Officer and member of the Board of Directors.
Eltek Reports Q3 2024 Financial Results
11/20/2024 | PRNewswireEltek Ltd., a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs), today announced its financial results for the quarter ended September 30, 2024.
China’s Energy Subsidies Boost 3Q24 TV Shipments by Nearly 10%; Annual Shipments Return to Growth
11/19/2024 | TrendForceGlobal TV brand shipments reached 52.33 million units in 3Q24, reflecting a QoQ increase of 9.6% and a YoY growth of 0.5%.
Sypris Reports Q3 Results; Revenue Up 6.2%
11/19/2024 | Sypris Electronics LLCRevenue for the quarter increased 6.2% year-over-year, driven by a 13.6% increase for Sypris Electronics and a 0.7% increase for Sypris Technologies. Orders were up 6.5% for the quarter and 13.4% year-to-date, reflecting positive growth for both businesses.
GPV’s Interim Financial Report Q3 2024: Keeping Pace in Challenging Market
11/15/2024 | GPVGPV reported sales of DKK 2.2 billion and earnings (EBITDA) of DKK 186 million for Q3 2024. This was a slight decline compared to the same quarter in the record year of 2023, and thus, GPV kept pace in a global market affected by continued market rebalancing and declining end-customer demand.