DuPont Full-Year Report 2023

“In the face of inventory destocking that impacted many of our end-markets in 2023 and continued economic softness in China, our teams remained focused on sound operational execution and driving productivity and cost discipline,” said Ed Breen, DuPont Executive Chairman and Chief Executive Officer

Highlights

• Net Sales of $12.1 billion decreased 7%; organic sales decreased 6% versus prior year
• GAAP Income from continuing operations of $533 million; operating EBITDA of $2.9 billion
• GAAP EPS from continuing operations of $1.09; adjusted EPS of $3.48
• Cash provided by operating activities from continuing operations of $2.2 billion; adjusted free cash flow of $1.6 billion

Capital Allocation Updates

• • Completed the $2 billion accelerated share repurchase transaction launched in September 2023
  • Announces Board approval of new $1 billion share repurchase program authorization with intended $500 million accelerated share repurchase transaction to be launched imminently
  • Announces Board declared the first quarter 2024 dividend, representing a 6% increase to quarterly dividend