Reflects goodwill impairment charges related to the Nutrition & Biosciences and Non-Core segments. Management classifies as significant items certain costs and expenses associated with integration and separation activities related to transformational acquisitions and divestitures as they are considered unrelated to ongoing business performance. In May 2019 , the funds from the Term Loan Facilities were drawn, along with the issuance of approximately $1 .4 billion in commercial paper (the "Funding CP Issuance" together with the 2018 Senior Notes and Term Loan Facilities, the "Financings"). 20 Apr 20. The experts, who are part of the Special Procedures of the U.N Human Rights Council, said in a statement Monday that rule amounts to a human rights violation. Tax Planning; Personal Finance; Save for College; Save for Retirement; Invest in Retirement *The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates. Qualcomm today announced a quarterly cash dividend of $0.65 per common share, payable on December 17, 2020, to stockholders of record at the close of business on December 3, 2020. Volume declined 28 percent due to lower auto builds, as global automotive production was down approximately 45 percent versus the year-ago period. WILMINGTON, Del. Pro forma adjusted earnings per common share from continuing operations - diluted ("Pro forma adjusted EPS"), is defined as pro forma earnings per common share from continuing operations - diluted, excluding the after-tax impact of significant items, after-tax impact of amortization expense associated with intangibles acquired as part of the DWDP Merger, after-tax impact of non-operating pension / other post employment benefits ("OPEB") benefits / charges and the after-tax impact of costs historically allocated to the materials science and agriculture businesses that did not meet the criteria to be recorded as discontinued operations. Forward-looking statements are not guarantees of future results. See for yourself how you can easily stop gutter cleaning for life and increase home value. and (x) other risks to DuPont's business, operations and results of operations including from: failure to develop and market new products and optimally manage product life cycles; ability, cost and impact on business operations, including the supply chain, of responding to changes in market acceptance, rules, regulations and policies and failure to respond to such changes; outcome of significant litigation, environmental matters and other commitments and contingencies; failure to appropriately manage process safety and product stewardship issues; global economic and capital market conditions, including the continued availability of capital and financing, as well as inflation, interest and currency exchange rates; changes in political conditions, including tariffs, trade disputes and retaliatory actions; impairment of goodwill or intangible assets; the availability of and fluctuations in the cost of energy and raw materials; business or supply disruption, including in connection with the Distributions; ability to effectively manage costs as the company's portfolio evolves; security threats, such as acts of sabotage, terrorism or war, global health concerns and pandemics, natural disasters and weather events and patterns which could or could continue to result in a significant operational event for DuPont, adversely impact demand or production; ability to discover, develop and protect new technologies and to protect and enforce DuPont's intellectual property rights; unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, as well as management's response to any of the aforementioned factors. Analysts had on average expected a profit of 80 cents per share, according to Refinitiv IBES data. To pass most legislation, he'll need to work with Republicans to get things done, but that won't be easy, especially after he rigorously campaigned against a few of them in recent election cycles, CNN reports.Take, for example, Sen. Susan Collins (R-Maine), who ultimately won a hard fought re-election campaign last year against Democratic challenger Sara Gideon. Adjustments to reconcile net (loss) income to net cash provided by (used for) operating activities: Credit for deferred income tax and other tax related items, Earnings of nonconsolidated affiliates (in excess of) less than dividends received, Net periodic pension benefit cost (credit), Net gain on sales of assets, businesses and investments, Amortization of merger-related inventory step-up. Investor Relations Director. Any future acquisitions may result in amortization of additional intangible assets. pic.twitter.com/gpc1kBP45w> > -- Maddow Blog (@MaddowBlog) January 26, 2021More stories from theweek.com Democrats are getting Chuck Grassleyed Biden did not, in fact, remove Trump's 'Diet Coke button' from the Resolute Desk, White House clarifies Josh Hawley knows exactly what he's doing. Try risk free! SEC Filings RSS Feed (opens in new window) DuPont SEC Filings. Within Image Solutions, strength in ink for the consumer segment was more than offset by weakness in flexographic plates, textile inks, and OLEDs. Pro forma operating EBITDA, is defined as earnings (i.e. Safety & Construction Safety & Construction reported net sales of $1.2 billion , down 7 percent from the year-ago period. Revenues. For financial reporting, their fiscal year ends on December 31st. Historical Dow was determined to be the accounting acquirer in the DWDP Merger and as a result, Historical EID's assets and liabilities were reflected at fair value as of the close of the DWDP Merger. These risks are and will be more fully discussed in DuPont's current, quarterly and annual reports and other filings made with the U.S. Securities and Exchange Commission, in … A significant portion of these costs relate to Historical Dow and consist of leveraged services provided through service centers, as well as other corporate overhead costs related to information technology, finance, manufacturing, research & development, sales & marketing, supply chain, human resources, sourcing & logistics, legal and communications, public affairs & government affairs functions. "> "We will not let Mitch McConnell dictate to us what we will do and not do." Quarterly Reports. Currency and portfolio were each a 1 percent headwind. We will remove this and make the changes needed. DuPont's management believes these non-GAAP financial measures are useful to investors because they provide additional information related to the ongoing performance of DuPont to offer a more meaningful comparison related to future results of operations. Restructuring or integration activities or other costs following the Distributions that may be incurred to achieve cost or growth synergies of DuPont are not reflected. DuPont de Nemours, Inc is primarely in the business of plastics, materials, synth resins & nonvulcan elastomers. Receive the latest news and information via email. The transaction subsequently received clearance from China , Serbia, and Colombia. Early data on the rollout of the vaccines for COVID-19 shows that minority populations in the United States already disproportionately affected by the pandemic are not being immunized at the same rate as white Americans. VP Corporate Development and Investor Relations. Yahoo fa parte del gruppo Verizon Media. GAAP loss from continuing operations totaled $(2.5) billion , versus GAAP loss from continuing operations of $(1.1 billion) in the year-ago period; the decline mostly attributable to a non-cash impairment charge in the Transportation & Industrial segment resulting from significant near-term demand weakness in the automotive industry due to COVID-19 as well as revised views of market recovery based on third-party estimates. Management estimates amortization expense in 2020 associated with intangibles acquired as part of the DWDP Merger to be approximately $1.9 billion on a pre-tax basis, or approximately $2.00 per share. For more information, please see each of DowDuPont’s, Dow’s and DuPont’s latest annual, quarterly and current reports on Forms 10-K, 10-Q and 8-K, as the case may be, and the joint proxy statement/prospectus included in the registration statement on Form S-4 filed by DowDuPont with the SEC on March 1, 2016 (File No. Jonathan Lock. Why gutter cleaning companies hide this from homeowners! Investor Relations Specialist +1.302.773.2263 firstname.lastname@example.org. DuPont Annual Reports. These risks are and will be more fully discussed in DuPont's current, quarterly and annual reports and other filings made with the U.S. Securities and Exchange Commission, in … For more information, please see each of DowDuPont’s, Dow’s and DuPont’s latest annual, quarterly and current reports on Forms 10-K, 10-Q and 8-K, as the case may be, and the joint proxy statement/prospectus included in the registration statement on Form S-4 filed by DowDuPont with the SEC on March 1, 2016 (File No. Despite the strength in Tyvek® protective garments, sales in the Safety Solutions business declined as demand weakened across industrial, aerospace, and oil & gas markets as a result of COVID-19. Jill Biden's early moves seemed designed to signal that she intends to be more active than her predecessor, Melania Trump. Senate Majority Leader Schumer cites Obama era lessons in prioritizing legislation over bad faith Republican 'bipartisanship.' Quarterly Reports. The usher button, as it is formally known, is not gone, even if it is no longer used to summon Diet Cokes, a White House official tells Politico.The White House official "unfortunately wouldn't say what Biden will use the button for," Politico's Daniel Lippman writes, suggesting Biden might summon Orange Gatorade and not the obvious answer, ice cream — or, let's get real, coffee. > "We will not repeat that mistake." DuPont (NYSE: DD) today announced financial results for the second quarter 2020. DuPont Reports Second Quarter 2020 Results, July 30, 2020, 6:00 AM EDT SHARE THIS ARTICLE. July 30, 2020, 3:00 AM. Reflects a $533 million pre-tax, non-cash goodwill impairment charges recorded in the first quarter 2020 related to the Non-Core segment and a $2,498 million pre-tax, non-cash goodwill impairment charge recorded in the second quarter 2020 related to the Transportation & Industrial segment. Item 1A) of the company's 2018 Annual Report on Form 10-K as modified by its 2019 quarterly reports on Form 10-Q and current reports on Form 8-K. 1 May 20. What's more, there are evidently two usher buttons in the Oval Office, one at the Resolute Desk and the other next to the chair by the fireplace, a former White House official told Politico, adding that Trump didn't actually use the Diet Coke button all that much because "he would usually just verbally ask the valets, who were around all day, for what he needed. View original content to download multimedia:http://www.prnewswire.com/news-releases/dupont-reports-second-quarter-2020-results-301102712.html. 3Q 2020 Quarterly Earnings. On April 1, 2019, the company completed the separation of its materials science business into a separate and independent public company by way of a pro rata dividend- in-kind of all the then outstanding stock of Dow Inc. (the "Dow Distribution"). Malka Leifer, who is wanted on 74 charges of child sex abuse in Australia, was placed on a flight early in the day, several hours before Israel was to close its international airport to nearly all air traffic due to a raging coronavirus outbreak. "We delivered on our structural cost commitments and generated organic revenue growth in the Electronics & Imaging and Nutrition & Biosciences segments despite significant declines in global economic activity. DuPont Reports First Quarter 2020 Results. 333-209869), as last amended on June 7, 2016, and declared effective … Reflects a non-cash, goodwill impairment charge related to the Transportation & Industrial segment. , July 30, 2020 /PRNewswire/ --, 2Q20 GAAP EPS from continuing operations of $(3.37) ; adjusted EPS of $0.70, 2Q20 Net Sales of $4.8 billion , down 12 percent; organic sales down 10 percent, 2Q20 GAAP Income (Loss) from continuing operations of $(2.5) billion and Operating EBITDA of $1.1 billion, Operating cash flow of $802 million ; $564 million free cash flow in the quarter, Global slowdown in automotive industry from the impact of COVID-19 resulted in $2.5 billion non-cash impairment charge in Transportation & Industrial segment in the quarter, Advanced intended separation of Nutrition & Biosciences business in preparation for intended merger with IFF in 1Q 2021; IFF shareholder vote set for August 27, 2020. That complicated the EU's vaccination plans, after Pfizer had also announced a temporary slowdown in deliveries of its vaccine, and triggered an outcry in Brussels and EU capitals. Reconciliation of "Income (Loss) from continuing operations, net of tax" to "Operating EBITDA", Loss from continuing operations, net of tax (GAAP), + (Benefit from) Provision for income taxes on continuing operations, + Costs historically allocated to the materials science and agriculture businesses 3, Included in "Sundry income (expense) - net.". Sales gains were led by Food & Beverage on volume gains in the plant-based meat category and price improvements across the F&B portfolio, as well as Pharma Solutions which recorded its strongest sales quarter ever on increased demand in over-the-counter and prescription pharma applications. I believe we are well-positioned to emerge from this as an even stronger company.". Adjusted earnings per common share from continuing operations - diluted ("Adjusted EPS"), is defined as earnings per common share from continuing operations - diluted, excluding the after-tax impact of significant items, after-tax impact of amortization expense associated with intangibles acquired as part of the DWDP Merger and the after-tax impact of non-operating pension / OPEB benefits / charges. Following the Corteva Distribution, DuPont holds the specialty products business as continuing operations. Operating cash flow of $802 million included reductions in working capital of more than $160 million in the quarter. Net sales totaled $4.8 billion , down 12 percent versus the year-ago period. In 2019, these two businesses accounted for approximately 15 percent of the Nutrition & Biosciences segment. The Senior Living Apartments Near Buffalo Are A Dream Come True! Over the next six months, we will continue our integration planning work with IFF to enable a smooth, successful launch and position the future combined company to achieve its committed cost and revenue synergies. … See the historical U.S. GAAP Consolidated Statements of Operations. The carrying value of the Transportation & Industrial reporting unit is comprised substantially of Historical EID's assets and liabilities which were measured at fair value in connection with the Merger, and thus inherently considered at risk for impairment. These areas of strength within Health & Biosciences were more than offset by significant demand weakness in biorefinery and microbial control. President Joe Biden has been quickly thrown into a high-wire balancing act with Russia as he seeks to toughen his administration’s stance against Vladimir Putin while preserving room for diplomacy in a post-Donald Trump era. Chris Evans. 425. Business combination disclosure. These risks are and will be more fully discussed in DuPont's current, quarterly and annual reports and other filings made with the U.S. Securities and Exchange Commission, in … China sales in our core segments improved 6 percent versus the second quarter 2019 and 20 percent sequentially from first quarter 2020. Adjusted EPS (2) decreased 28 percent to $0.70 , compared with adjusted EPS (2) in the year-ago period of $0.97 , primarily driven by volume declines and charges associated with temporarily idled facilities partially offset by cost savings and a lower base tax rate. GAAP EPS from continuing operations totaled $(3.37) versus GAAP EPS from continuing operations in the year-ago period of $(1.48) ; the decline is mostly attributable to the non-cash impairment charge in Transportation & Industrial, incremental merger-related amortization expense, and lower segment results, partially offset by the absence of a prior year tax charge, lower integration and separation costs, lower restructuring charges, and a lower tax rate. DuPont de Nemours, Inc. NEWS RELEASE . Some of the important factors that could cause DuPont's actual results to differ materially from those projected in any such forward-looking statements include, but are not limited to: (i) the parties' ability to meet expectations regarding the timing, completion and accounting and tax treatments of the proposed transaction with IFF; changes in relevant tax and other laws, (ii) failure to obtain necessary regulatory approvals, approval of IFF's shareholders, anticipated tax treatment or any required financing or to satisfy any of the other conditions to the proposed transaction with IFF, (iii) the possibility that unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies that could impact the value, timing or pursuit of the proposed transaction with IFF, (iv) risks and costs and pursuit and/or implementation of the separation of the N&B Business, including timing anticipated to complete the separation, any changes to the configuration of businesses included in the separation if implemented (v) risks and costs related to the Dow Distribution and the Corteva Distribution (together, the "Distributions") including (a) with respect to achieving all expected benefits from the Distributions; (b) the incurrence of significant costs in connection with the Distributions, including costs to service debt incurred by the Company to establish the relative credit profiles of Corteva, Dow and DuPont and increased costs related to supply, service and other arrangements that, prior to the Dow Distribution, were between entities under the common control of DuPont; (c) indemnification of certain legacy liabilities of E. I. du Pont de Nemours and Company ("Historical EID") in connection with the Corteva Distribution; and (d) potential liability arising from fraudulent conveyance and similar laws in connection with the Distributions; (vi) failure to effectively manage acquisitions, divestitures, alliances, joint ventures and other portfolio changes, including meeting conditions under the Letter Agreement entered in connection with the Corteva Distribution, related to the transfer of certain levels of assets and businesses; (vii) uncertainty as to the long-term value of DuPont common stock; (viii) potential inability or reduced access to the capital markets or increased cost of borrowings, including as a result of a credit rating downgrade (ix) risks and uncertainties related to the novel coronavirus (COVID-19) and the responses thereto (such as voluntary and in some cases, mandatory quarantines as well as shut downs and other restrictions on travel and commercial, social and other activities) on DuPont's business, results of operations, access to sources of liquidity and financial condition which depend on highly uncertain and unpredictable future developments, including, but not limited to, the duration and spread of the COVID-19 outbreak, its severity, the actions to contain the virus or treat its impact, and how quickly and to what extent normal economic and operating conditions resume. 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