DuPont de Nemours, Inc. (DD)

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.

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Business Summary

DuPont de Nemours, Inc. is a global innovation leader providing technology-based materials and solutions. The company's core business model focuses on applying diverse science and expertise to help customers advance their ideas and deliver innovations in key markets, including electronics, transportation, construction, water, healthcare, and worker safety. DuPont operates with subsidiaries in approximately 50 countries and has manufacturing operations in about 24 countries.

The company competes primarily through technology, range of products and services, performance, quality, reliability, brand, reputation, service and support. DuPont believes its proprietary technologies, product development pipelines, customer intimacy, global manufacturing capability, and local service capabilities enable it to compete successfully.

Key Statistics

  • Employees: Approximately 24,000 (as of December 31, 2023)
  • Geographic Footprint: Subsidiaries in about 50 countries, manufacturing operations in about 24 countries
  • Headquarters: Wilmington, Delaware
  • Founded: 2015
  • Revenue: $12.068 billion (FY2023)
  • Key Subsidiaries/Brands: DuPont™, KEVLAR®, NOMEX®, CORIAN®, TYVEK®, FILMTEC™, AMBERLITE™, STYROFOAM™, GREAT STUFF™

Leadership

  • CEO: Edward D. Breen
  • CFO: Lori Koch
  • Vice President and Controller: Michael G. Goss

Key Financial Metrics

  • Annual Revenue: $12.068 billion (FY2023)
  • Net Income: $462 million (FY2023)
  • Total Assets: $38.552 billion (as of December 31, 2023)
  • Employees: Approximately 24,000 (as of December 31, 2023)
  • Key Financial Highlights: Net sales decreased by 7% year over year due to an 8% decrease in volume and a 1% unfavorable currency impact, partially offset by a 2% increase due to local price and product mix.

Products and Services

DuPont provides a wide array of products and services across several key segments:

  • Electronics & Industrial: Materials and component solutions for high-performance computing, 5G, electric vehicles, and consumer electronics. This includes semiconductor and advanced packaging materials, printed circuit board fabrication materials, and specialty medical devices.
  • Water & Protection: Engineered products and integrated systems for worker safety, water purification and separation, transportation, energy, medical packaging, and building materials. This includes high-strength materials, thermal-resistant materials, solid surfaces, selective barriers, reverse osmosis elements, and ion exchange resins.

Key Business Segments

DuPont operates through two main segments:

  • Electronics & Industrial: Provides materials and solutions for semiconductors, advanced packaging, circuit boards, and specialty medical devices.
  • Water & Protection: Offers products for worker safety, water purification, and construction.

Business Strategy

DuPont's business strategy is centered on innovation, sustainability, and customer-driven solutions. Key strategic initiatives include:

  • Investing in future growth areas like water management, construction productivity, and high-strength composite solutions.
  • Focusing on circular economy and zero-waste solutions.
  • Leveraging a strong science and technology base to provide critical materials and solutions for a connected and digital world.
  • Prioritizing sustainability, with goals to reduce greenhouse gas emissions and achieve carbon-neutral operations by 2050.

Industry Context

DuPont operates in several competitive industries. Key competitors include:

  • Electronics & Industrial: Element Solutions, Entegris, Henkel, JSR, Merck KGaA, MKS Instruments, Parker Hannifin, and TOK.
  • Water & Protection: 3M, Honeywell, Hydranautics, Kingspan, Kolan, Lanxess, LG Chem, Owens-Corning, Ecolab, Avient, Toray, Teijin, and Yantai.

The company's products are primarily driven by value-in-use, but are also impacted by supply and demand, raw material costs, and energy prices.

Risk Factors

  • Tax Liabilities: Potential tax liabilities if certain internal transactions related to divestitures fail to qualify for intended tax treatment.
  • Contingent Tax Liabilities: Ongoing contingent tax-related liabilities from Dow and Corteva following separations.
  • Supply Chain Disruptions: Supply chain and operational disruptions, including those from pandemics and climate change, could increase costs and impact sales.
  • Cybersecurity Risks: Vulnerability to cyber-attacks and information system disruptions could adversely affect operations and financial results.
  • Regulatory Compliance: Costs associated with complying with evolving environmental and safety regulations could negatively impact the business.

Last Updated

2024-02-15

(Generated from latest 10-K filing)