Sector: Materials|Industry: Specialty Chemicals|Market Cap: $32.44B|Employees: 24K
DuPont de Nemours, Inc. is a global innovation leader providing technology-based materials and solutions across various industries. The company's core business model revolves around applying diverse science and expertise to help customers advance their ideas and deliver innovations in key markets such as electronics, transportation, and healthcare. DuPont has a global presence with subsidiaries in approximately 50 countries and manufacturing operations in about 24 countries, positioning itself as a key player in the materials science sector.
The company's net sales for the year ended December 31, 2024, were $12.4 billion, up 3% from $12.1 billion for the year ended December 31, 2023, due to a 2% increase in volume and a 3% increase in portfolio, partially offset by 1% decreases due to local price and product mix as well as currency.
Electronics & Industrial net sales were $5,930 million for the year ended December 31, 2024, up 11 percent from $5,337 million for the year ended December 31, 2023. Operating EBITDA was $1,717 million for the year ended December 31, 2024, up 17 percent compared with $1,472 million for the year ended December 31, 2023 primarily due to volume growth, the impact of higher production rates in Semiconductor Technologies and Interconnect Solutions, savings from restructuring actions and the earnings contribution from the Spectrum and Donatelle Plastics acquisitions partially offset by higher variable compensation and select growth investments.
Water & Protection net sales were $5,423 million for the year ended December 31, 2024, down 4 percent from $5,633 million for the year ended December 31, 2023 due to a 2 percent decline in volume, and 1 percent declines related to local price and product mix and unfavorable currency impacts.