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DuPont narrows FY22 adjusted EPS view to $3.30 from $3.27-$3.43, consensus $3.29
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DuPont narrows FY22 adjusted EPS view to $3.30 from $3.27-$3.43, consensus $3.29

Sees FY22 revenue about $13B, consensus $13.12B. Sees FY22 operating EBITDA $3.25B. "As demonstrated by our third quarter results, demand across most of our key end-markets remained strong in the period and our teams continued to successfully execute in a challenging macro environment marked by inflation and foreign currency headwinds," said Lori Koch, CFO of DuPont. "For the fourth quarter, we expect demand to remain strong in most end-markets, notably water, industrial and auto adhesives, but do anticipate continued softness in consumer electronics globally and some expected slowing in customer semiconductor fab production rates. Further, we plan to reduce our production rates to realign working capital in anticipation of a more normal supply chain environment. Lastly, we expect incremental currency headwinds to further impact both top and bottom-line results. As we look to close out the year, our expectation for full year organic sales growth of high-single digits remains unchanged," Koch continued. "Our updated full year adjusted EPS guidance is inclusive of a $0.09 headwind resulting from an increase in the anticipated tax rate for the full year 2022, offset by an assumed lower share count resulting from planned share repurchases and net interest benefits expected to be realized related to cash proceeds received from the M&M transaction."

Published first on TheFly

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