Strong Financial Performance
Second quarter sales of $3.3 billion grew 2% on an organic basis. Operating EBITDA of $859 million increased 8% year-over-year, resulting in an operating EBITDA margin of 26.4%, an increase of 120 basis points from the prior year. Adjusted EPS of $1.12 was up 15% year-over-year.
Electronics Segment Growth
Continued strength in Electronics, driven by AI technology demand in Interconnect Solutions and semi, with high single-digit growth in Interconnect Solutions and Healthcare & Water technologies.
Progress on Qnity Electronics Spin-off
The intended spin-off of Qnity Electronics is on track for a November 1 separation date. Composition of the Qnity Board completed with experienced members.
Settlement with New Jersey
Settlement with the state of New Jersey for PFAS claims, payable over 25 years, with DuPont's portion being $177 million on an NPV basis.
Positive Outlook and Guidance Raised
Raising full-year operating EBITDA and adjusted EPS guidance to $3.36 billion and $4.40 per share, respectively, driven by strong second-quarter performance.
Healthcare & Water Growth
Healthcare & Water sales were up high single digits on an organic basis, reflecting strong growth in both businesses.