DuPont raises annual profit forecasts after quarterly beat on price hikes, cost cuts

The company lifted its 2026 adjusted core profit outlook to between $1.75 billion and $1.77 billion, from $1.73 billion to $1.76 billion forecast previously.

It now expects adjusted earnings per share of $7.17 to $7.32, up from 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.

CFO Antonella Franzen said continued strength across healthcare, industrial water and aerospace end-markets is expected to drive mid-single-digit organic sales growth in the second half of the year.

Net sales at its healthcare and water technologies segment rose nearly 5% to $856 million from a year earlier, while net sales at its diversified industrials segment increased 3.3% to $963 million.

DuPont forecast annual net sales of $7.16 billion to $7.19 billion, narrowing its prior forecast range of $7.16 billion to $7.22 billion, citing a headwind from lower currency benefits.

The Wilmington, Delaware-based company posted adjusted profit of $1.88 per share for the three months ended June 30, beating analysts' estimate of $1.76 per share, according to data compiled by LSEG.

Aug. 4 (Reuters) - Industrial materials maker DuPont raised its annual profit forecasts on Tuesday after beating second-quarter estimates, driven by price hikes and the impact of its capital deployment measures.

The company has benefited from capital deployment actions such as the spin-off of its electronics business, debt reduction and share repurchases, as well as surcharges and price increases to offset higher feedstock and energy costs, at a time when the global chemicals industry has also grappled with weak demand in key end-markets.

Ongoing tensions surrounding the Strait of Hormuz since late February have disrupted oil and petrochemical flows, tightening global chemical supplies and driving up plastics and polymer prices.