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DuPont announced its financial results for the second quarter ended June 30, 2026 and raised financial guidance for the full year 2026.
Highlights:
- Net Sales of $1.8 billion increased 4%; organic sales increased 4% versus year-ago period
- GAAP Income from continuing operations of $191 million; operating EBITDA of $448 million
- GAAP EPS from continuing operations of $1.37; adjusted EPS of $1.88
- Cash provided by operating activities from continuing operations of $400 million; transaction-adjusted free cash flow of $326 million representing 127% conversion
- Announces intent to repurchase $250 million of shares in the third quarter
- Announces the Company's Global Industry Classification Standard (GICS) code has changed to Industrials effective July 31, 2026
"We delivered another strong quarter, exceeding our financial guidance and demonstrating our focus on consistent execution" said Lori Koch, DuPont Chief Executive Officer. "Mid-single digit organic growth, strong margin expansion, coupled with robust adjusted EPS growth and free cash flow generation underscore the strength of our market-leading businesses and reflect disciplined execution of our strategic priorities, supported by our ongoing focus on excellence and productivity."
"We are delivering on our commitments, creating value for all of our key stakeholders and further strengthening the foundation for sustainable, long-term profitable growth," Koch concluded.
Net sales
Net sales were up 4% on a 4% increase in organic sales.
4% organic sales growth in Healthcare & Water Technologies; 3% organic sales growth in Diversified Industrials.
GAAP Income from continuing operations
GAAP Income/GAAP EPS from continuing operations improved on higher segment earnings and lower interest expense and transaction costs.
Operating EBITDA
Operating EBITDA increased on organic growth and productivity.
Adjusted EPS
Adjusted EPS increased on higher segment earnings, lower net interest expense and a lower tax rate.
Cash provided by operating activities from continuing operations
Cash provided by operating activities from continuing operations in the quarter of $400 million, capital expenditures of $76 million and separation-related transaction costs and other payments of $2 million resulted in transaction-adjusted free cash flow and related conversion of $326 million and 127%, respectively.
