DuPont reports Q2 beat, raises 2023 revenue outlook

DuPont (NYSE:) reported its today, with EPS of $0.85 coming in better than the consensus estimate of $0.83. Revenue fell 7% year-over-year to $3.1 billion, beating the consensus estimate of $3.03B.

Organic sales fell 4%, driven by a 6% decrease in volume partially offset by a 2% increase in price.

“Our results continue to be impacted by the ongoing softness in consumer-driven businesses primarily within electronics, however, we did see sequential sales improvement in our Interconnect Solutions business during the second quarter,” said CEO Ed Breen.

For Q3/23, the company expects EPS of $0.84, compared to the consensus of $0.93, and revenue of $3.15B, compared to the consensus of $3.188B.

For the full year, the company sees EPS in the range of $3.40-$3.50, compared to the consensus of $3.60, and revenue in the range of $12.45-$12.55B, compared to the consensus of $12.413B.