Dupont reports fourth quarter and full year 2023 results

Announces new share repurchase authorization and quarterly dividend increase fourth quarter 2023 highlights net sales of $2.9 billion decreased 7%; organic sales decreased 10% versus year-ago period gaap loss from continuing operations of $(300) million, includes ~$800 million non-cash goodwill impairment charge; operating ebitda of $715 million gaap eps from continuing operations of $(0.72); adjusted eps of $0.87 cash provided by operating activities from continuing operations of $646 million; adjusted free cash flow of $501 million full year 2023 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 wilmington, del. , feb. 6, 2024 /prnewswire/ -- dupont (nyse: dd) announced its financial results(1) for the fourth quarter and full year ended december 31, 2023.
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