February 13, 2025 – DuPont Reports Solid 2024 Performance with Notable Growth in Electronics & Industrials Segment
DuPont has released its fourth-quarter and full-year 2024 financial results, revealing a robust overall performance with standout contributions from multiple business segments. For the full year, the company achieved net sales of $12.4 billion, marking a 3% increase year-on-year. This growth was primarily driven by favorable business portfolio adjustments, as well as revenue gains from higher sales volumes and improved productivity.
In terms of adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), DuPont delivered an impressive $3.14 billion, up 7% compared to the previous year. This increase can be attributed to higher sales volumes, productivity enhancements, and savings from restructuring actions, partially offset by increased variable compensation expenses.
Notably, DuPont’s Electronics & Industrials segment shone brightly in 2024. The segment’s annual net sales reached $5.93 billion, representing an 11% year-on-year growth. Within this segment, the Semiconductor Technologies business achieved high double-digit organic growth, fueled by the adoption of AI technologies, advanced node transitions, and increased demand from the Chinese market. The Electronic Interconnect Technologies business also experienced high single-digit organic growth, benefiting from broad recovery in end-markets, share gains, and AI-driven technological advancements.
However, the Water & Protection segment’s performance was somewhat lackluster. The segment’s annual net sales amounted to $5.4 billion, a 4% decrease year-on-year. The Safety Solutions business witnessed a mid-single-digit decline in organic sales, primarily due to reduced channel inventories for medical packaging products. Nevertheless, it’s worth noting that the Water Processing business rebounded in the second half of the year, achieving a 7% year-on-year growth, indicating a positive trend.
In the fourth quarter of 2024, DuPont continued to deliver strong results. The company recorded net sales of $3.1 billion, with both net sales and organic sales growing by 7%. The sales growth was primarily fueled by sustained robust demand in electronic end-markets, a return to year-on-year growth in medical packaging and biopharma businesses within the healthcare market, and further acceleration in the water processing market.
Looking ahead to 2025, DuPont anticipates first-quarter net sales of approximately 3.025billionandadjustedEBITDAofaround760 million. For the full year, the company expects consolidated net sales to range between 12.8billionand12.9 billion, with adjusted EBITDA projected to be between 3.325billionand3.375 billion. These forecasts reflect DuPont’s confidence in its future growth trajectory.