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, with an operating EBITDA margin of 26.4%, up 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 due to AI technology demand, with organic sales growth of 6% and an 8% increase in volume. Operating EBITDA for ElectronicsCo was $373 million, up 14% year-over-year, with a margin of 31.9%, up 220 basis points.
Healthcare & Water Segment Performance
Healthcare & Water sales were up high single digits on an organic basis, driven by strong growth in both businesses.
Full-Year Guidance Raised
DuPont raised the midpoint of its full-year operating EBITDA and adjusted EPS guidance to $3.36 billion and $4.40 per share, respectively.
Settlement with New Jersey
A settlement with the state of New Jersey was announced to resolve environmental claims, with DuPont's portion of the settlement being $177 million payable over 25 years.
Qnity Electronics Spin-off Progress
The intended spin-off of Qnity Electronics remains on track for a November 1 separation date, with significant progress made, including board composition and SEC filings.