The acquisition of Spectrum contributed to a 4% increase in sales, but this was offset by a 5% decrease in volume. This suggests that while acquisitions are adding to the top line, organic growth remains a challenge.

The Company repurchased 6.68 million shares at an average price of $71.76. In February 2024, DuPont entered into accelerated share repurchase agreements to repurchase an aggregate of $500 million of common stock.

The company recorded pre-tax restructuring charges of $146 million inception-to-date, consisting of severance and related benefit costs of $103 million and asset related charges of $43 million. This indicates management's focus on improving efficiency and reducing costs.

SG&A expenses increased to $384 million, primarily due to higher expenses driven by the impact from the Spectrum Acquisition and personnel related expenses. This suggests challenges in integrating the acquired business and managing costs.

The company anticipates volume improvement driven by further electronics market recovery, as well as reduced destocking impact in areas such as water, medical packaging and biopharma. The ultimate extent to which these markets will recover in 2024 is not known.

The Company has recognized indemnification liabilities related to eligible PFAS costs. As of March 31, 2024, the Company has recognized a liability of $408 million (including interest) related to the settlement agreement between Chemours, Corteva, EIDP and DuPont related to the aqueous film-forming foams multi-district litigation.

Electronics & Industrial net sales were $1,365 million, up 5 percent. Net sales increased due to a 8 percent increase in portfolio actions, partially offset by 1 percent decreases in local price and product mix, sales volume and unfavorable currency impacts.

Water & Protection net sales were $1,291 million, down 11 percent. The net sales decreased due to a 10 percent decline in volume and a 1 percent unfavorable currency impact. Volume declines within Safety Solutions were mainly due to channel inventory destocking.

In the first quarter 2024, the Company's Board of Directors approved a new share repurchase program authorizing the repurchase and retirement of up to $1 billion of common stock.

On April 17, 2024, the Board of Directors declared a second quarter 2024 dividend of $0.38 per share, payable on June 17, 2024, to shareholders of record on May 31, 2024.