DuPont Reports First Quarter 2021 Results
- 1Q21 GAAP EPS from continuing operations of $0.89; adjusted EPS of $0.91
- 1Q21 Net Sales of $4.0 billion, up 8 percent; organic sales up 7 percent versus the year-ago period
- 1Q21 GAAP Income from continuing operations of $541 million; operating EBITDA of $1.05 billion, up 15 percent versus the year-ago period
- Earnings leverage of 1.9 times driving operating EBITDA margin expansion of 160 basis points
- Approximately $660 million of capital returned to shareholders during the quarter through share repurchases and dividends
- Raises full year 2021 guidance for net sales, operating EBITDA and adjusted EPS
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Industry > Industry monitor > Chemicals
DuPont to acquire Laird Performance Materials for $2.3 billion
08 March 2021
Global chemicals and techno-materials major DuPont is acquiring Laird Performance Materials for $2.3 billion, in a deal that will add critical capabilities and market leading offerings in thermal management and electromagnetic shielding essential to emerging electronic applications.
DuPont on Monday announced the signing of a definitive agreement with private equity firm Advent International, which owns Laird Performance Materials for $2.3 billion, which will be paid from existing cash balances.
The transaction is expected to close in the third quarter of 2021, subject to regulatory approvals and other customary closing conditions, DuPont stated in a release.
DuPont adds Laird Performance Materials in $2 3B all-cash deal plasticsnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from plasticsnews.com Daily Mail and Mail on Sunday newspapers.