Q2 2026 Dupont De Nemours Inc Earnings Call Transcript

Aug 4, 2026 / 12:00 PM GMT

Release Date Price: €120.3

Transcript 10-Q8-K

Key Points

Positve

DuPont de Nemours Inc (DD) delivered strong Q2 2026 results, exceeding guidance with 4% organic sales growth, 80 basis points of margin expansion, and double-digit adjusted EPS growth.
The company raised its full-year 2026 guidance for organic sales growth, operating EBITDA, and adjusted EPS, reflecting confidence in continued momentum.
Free cash flow conversion was robust at 127% in the quarter, and the company expects full-year conversion to be ahead of its 90% target.
The company announced a $250 million share repurchase program for Q3 2026, demonstrating a disciplined capital allocation strategy.
Innovation and commercial excellence initiatives are yielding results, including a 30% win rate on AI-driven sales plays and new product launches in high-growth markets like direct lithium extraction and biopharma.
Operational excellence programs are driving productivity, with a 100 basis point improvement in net productivity and a continued reduction in cost of poor quality, which is below industry benchmarks.
The 80/20 initiative is identifying value creation opportunities, with early execution expected to deliver margin benefits in the second half of 2026.
Strong growth was seen across key end markets, including healthcare, aerospace, industrial water, and semiconductor, with diversified industrials showing particular strength in EV battery applications.
The company completed a reverse stock split and reclassified its sector to 'Industrial,' aligning its metrics with peers and better reflecting its portfolio transformation.

Negative

The healthcare and water segment experienced a 30 basis point margin contraction year-over-year due to less favorable mix and growth investments, despite solid top-line growth.
Water sales growth was tempered by weakness in the Middle East, with the company revising its full-year water growth outlook to low-to-mid single digits due to project timing and geopolitical conflict.
The company faces a 30 basis point margin headwind from oil and gas inflation for the full year, with a 50 basis point headwind expected in the second half, requiring pricing actions to offset.
Currency is expected to be a headwind, with the full-year net sales midpoint adjusted down by $0.175 billion due to a strengthening US dollar.
The company's 80/20 initiative, while beneficial for margins, may not provide a material top-line boost in the near term, with benefits primarily focused on profitability initially.
The Middle East conflict continues to cause project delays and shipment shifts, creating uncertainty and noise in the water business, though no structural changes are expected.
The company's R&D expense is being managed lower, and while it remains at ~2.5% of sales, there is a shift in allocation, which could impact long-term innovation if not carefully balanced.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

DD.N - DuPont de Nemours, Inc.
Q2 2026 Dupont De Nemours Inc Earnings Call
Aug 04, 2026 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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So, and thank you for standing by.

My name is Lacy, and I will be your conference operator today.

At this time, I would welcome everyone to the DuPont second quarter 2026 earnings call.

All lines have been placed on mute to prevent any background noise.

After the speaker's remarks, there will be a question-and-answer session if you would like to ask a question during this time, simply pressar followed by the number 1 on your telephone keypad.

If you would like to withdraw your question, press 1 again.

Please limit yourself to one and one follow-up.

Thank you, I would now like to turn the call over to Anne Gianna Cristoforo, Investor relations.

Good morning

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