Dupont reports third quarter 2022 results

Announces approval of $5.0 billion share repurchase authorization third quarter 2022 highlights 3q net sales of $3.3 billion increased 4%; organic sales increased 11% versus year-ago period 3q gaap income from continuing operations of $359 million; operating ebitda of $856 million increased 5% versus year-ago period operating ebitda margin increased 30 basis points year-over-year 3q gaap eps from continuing operations of $0.69; adjusted eps of $0.82 increased 4% versus year-ago period; higher tax rate was a $0.05 headwind versus previously issued guidance ~$415 million of capital returned to shareholders through share repurchases and dividends transaction and capital allocation updates m&m divestiture to celanese closed on november 1 with gross cash received of $11.0 billion rogers corporation transaction terminated on november 1 due to lack of receipt of regulatory clearance announces board approval of new $5.0 billion share repurchase program with intended $3.25 billion accelerated share repurchase program to be executed imminently announces intent to retire $2.5 billion of senior notes due in november 2023 as part of balanced capital allocation framework wilmington, del. , nov. 8, 2022 /prnewswire/ -- dupont (nyse: dd) today announced financial results(1) for the third quarter of 2022.
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