Dupont reports q1 adj. earnings per share $0.84

Reports first quarter 2020 results.q1 adjusted earnings per share $0.84.q1 gaap loss per share $0.83 from continuing operations.q1 sales $5.2 billion versus refinitiv ibes estimate of $5.07 billion.q1 earnings per share estimate $0.75 -- refinitiv ibes data.entered into a 364-day $1.0 billion revolving credit facility, replacing $750 million revolving credit facility that was set to expire in june 2020.issued $2.0 billion bond offering; proceeds of which will be used to satisfy debt maturities due in november 2020.qtrly electronics & imaging reported net sales of $884 million, up 7 percent from year-ago period.qtrly nutrition & biosciences reported net sales of $1.5 billion, up 1 percent from year-ago period.qtrly transportation & industrial reported net sales of $1.1 billion, down 13 percent from year-ago period.now expecting to reduce capital expenditures by about $500 million versus prior year.qtrly safety & construction reported net sales of $1.3 billion, down 1 percent from year-ago period.idled production at several manufacturing sites, predominantly production plants within transportation & industrial segment.increased anticipated benefits from incremental 2020 cost actions previously announced; now targeting $180 million of savings in 2020.demand for tyvek protective garments was robust in quarter, leading to 55% increase in garment sales as compared to same quarter last year.on an organic basis, qtrly net sales were down 2 percent.
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