DuPont narrows annual sales forecast on water business weakness, shares down
DD•Forecasts raised despite profit beat
It raised its 2026 adjusted core profit forecast to between $1.75 billion and $1.77 billion, from $1.73 billion to $1.76 billion previously.
The company now expects adjusted earnings per share of $7.17 to $7.32, compared with a prior forecast of $7.02 to $7.16 - a range that the company has restated to reflect its 1-for-3 reverse stock split, which took effect in June.
The company posted adjusted profit of $1.88 per share for the three months ended June 30, beating analysts' average estimate of $1.76 per share, according to data compiled by LSEG.
DuPont narrows sales outlook on water business weakness
Shares of DuPont fell 4.8% after the company narrowed its annual sales forecast, hurt by weakness in its Middle East water business and a lower currency benefit, despite a quarterly profit beat and higher full-year earnings forecast.
The industrial materials maker now expects 2026 net sales of $7.16 billion to $7.19 billion, compared with $7.16 billion to $7.22 billion previously.
It has relied on price increases, productivity gains and capital allocation actions, including the spin-off of its electronics business, debt reduction and share buybacks, to help offset weak underlying demand across parts of the chemicals market.
