DuPont 4Q Profit, Sales Rise

By Dave Sebastian

DuPont de Nemours Inc. said its profit rose for the fourth quarter, driven by growth in its electronic and imaging segment amid demand for semiconductors and smartphone technologies and a recovery in automotive markets.

The Wilmington, Del.-based materials and chemicals company Tuesday posted a profit of $222 million, compared with $176 million in the same period last year. Earnings were 30 cents a share, compared with 24 cents a share in the year-earlier period.

Adjusted earnings were 95 cents a share. Analysts polled by FactSet were expecting 85 cents a share. The company had seen adjusted earnings of 93 cents to 95 cents a share.

Sales were $5.25 billion, compared with $5.2 billion, it said. Analysts were expecting $5.15 billion.

Electronic and imaging sales rose 9% to $1 billion. Nutrition and biosciences sales rose 3% to $1.5 billion. Transportation and industrial sales rose 1% to $1.2 billion. Safety and construction sales fell 2% to $1.2 billion, the company said.

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(END) Dow Jones Newswires

February 09, 2021 06:30 ET (11:30 GMT)

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