Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Nyse  >  DuPont de Nemours, Inc.    DD


News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

DuPont Deal Maker Returns As Chief -- WSJ

share with twitter share with LinkedIn share with facebook
share via e-mail
02/19/2020 | 02:48am EDT

By Austen Hufford

DuPont de Nemours Inc. said Tuesday that it is bringing back as its chief executive Edward D. Breen, an architect of the megamerger and spinoff from Dow Inc. that left a smaller industrial-materials maker struggling to generate sales growth.

DuPont said its board had decided to remove Chief Executive Marc Doyle and Chief Financial Officer Jeanmarie Desmond less than a year after they assumed those roles. Mr. Breen, the company's executive chairman, was named CEO, and Lori D. Koch, previously head of investor relations, became financial chief.

For Mr. Breen, the return to the helm at DuPont is an attempt to fix what appears to be the most troubled of the three companies spun out of a merger that defined his career.

"We did not meet our own expectations," Mr. Breen said in a written statement. "We need to accelerate operational improvement."

Dow Chemical Co. and DuPont Co. agreed to a $120 billion merger in late 2015, setting plans to combine and then split into three separate companies. In addition to DuPont, the materials-science business is now called Dow Inc. and the agriculture business is known as Corteva Inc.

Before joining DuPont in 2015, Mr. Breen spent a decade at the top of Tyco International PLC, where he broke apart what was once one of the largest U.S. conglomerates.

When Mr. Breen came to DuPont, it was under pressure from Nelson Peltz's Trian Fund Management LP to break up. Mr. Breen brought Trian into deal talks with Dow to ensure the activist fund approved of the merger.

DuPont's shares have underperformed the other two companies spun out of the merger since June 2019, when the last of those, Corteva, began trading publicly. DuPont's shares, which rose 0.6% on Tuesday, are off about 30% over that time. Dow is off 0.2% since June 2019, while Corteva is up 27%.

DuPont, whose array of products includes fibers for bulletproof vests and wraps for homes under construction, said last month that sales fell 5% in 2019. The company said it expects demand to remain weak this year for materials including nylon, one of its main products.

DuPont's missteps come during a broader slowdown in U.S. manufacturing and global trade. Other major manufacturing companies, including 3M Co. and Caterpillar Inc., have reported slowdowns in key markets in the U.S. and abroad.

DuPont said in December that it would spin off its nutrition business and combine it with International Flavors & Fragrances Inc. to make a top supplier of ingredients to food makers.

Write to Austen Hufford at austen.hufford@wsj.com


Stocks mentioned in the article
ChangeLast1st jan.
3M COMPANY -1.55% 134.28 Delayed Quote.-22.62%
CATERPILLAR INC. -0.07% 115.92 Delayed Quote.-21.42%
DOW INC 0.00%End-of-day quote.0.00%
DUPONT DE NEMOURS, INC. -2.93% 33.15 Delayed Quote.-46.88%
INTERNATIONAL FLAVORS & FRAGRANCES INC. -2.87% 99.18 Delayed Quote.-20.88%
JOHNSON CONTROLS INTERNATIONAL PLC -4.19% 25.91 Delayed Quote.-33.78%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on DUPONT DE NEMOURS, INC.
03/19DUPONT DE NEMOURS : Sustainable Solutions Acquires Lodestone Partners
03/19DUPONT DE NEMOURS : Sustainable Solutions Acquires Lodestone Partners Merger Giv..
03/12DUPONT DE NEMOURS : to Participate in J.P. Morgan's Industrials Conference
03/10DUPONT : to Participate in the J.P. Morgan Industrials Conference
02/27DUPONT DE NEMOURS, INC. : Ex-dividend day for
02/20DUPONT DE NEMOURS : Great Stuff™ Earns Top Accolades for Best Advertising ..
02/19DuPont Deal Maker Returns As Chief -- WSJ
02/18DuPont CFO Likely to Focus on Cutting Costs, Regaining Investor Confidence
02/18DuPont Replaces CEO Amid Struggle to Expand Sales -- 2nd Update
02/18Materials Down as BHP, Glencore Earnings Weigh -- Materials Roundup
More news
Financials (USD)
Sales 2020 20 614 M
EBIT 2020 3 222 M
Net income 2020 1 998 M
Debt 2020 14 869 M
Yield 2020 3,51%
P/E ratio 2020 12,8x
P/E ratio 2021 9,47x
EV / Sales2020 1,94x
EV / Sales2021 1,85x
Capitalization 25 213 M
Duration : Period :
DuPont de Nemours, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DUPONT DE NEMOURS, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 22
Average target price 54,10  $
Last Close Price 34,10  $
Spread / Highest target 149%
Spread / Average Target 58,6%
Spread / Lowest Target 2,64%
EPS Revisions
Edward D. Breen Executive Chairman & Chief Executive Officer
Daryl Roberts Chief Operations & Engineering Officer
Lori D. Koch Chief Financial Officer & Executive Vice President
Steven Larrabee Chief Information Officer
Alexa Dembek Chief Technology & Sustainability Officer
Sector and Competitors
1st jan.Capitalization (M$)
DUPONT DE NEMOURS, INC.-46.88%25 213
BASF SE-35.94%43 547
ROYAL DSM-10.85%19 517
FMC CORPORATION-18.16%10 574