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DuPont de Nemours Inc

DuPont de Nemours Inc (DD)

73.53
0.44
(0.60%)
Closed April 18 4:00PM
73.53
0.00
(0.00%)
After Hours: 4:21PM

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Key stats and details

Current Price
73.53
Bid
-
Ask
-
Volume
1,894,151
72.99 Day's Range 73.79
61.14 52 Week Range 78.74
Market Cap
Previous Close
73.09
Open
73.65
Last Trade
3
@
73.14
Last Trade Time
Financial Volume
$ 139,059,084
VWAP
73.415
Average Volume (3m)
2,946,538
Shares Outstanding
417,582,864
Dividend Yield
1.99%
PE Ratio
72.59
Earnings Per Share (EPS)
1.01
Revenue
12.07B
Net Profit
423M

About DuPont de Nemours Inc

DuPont is a diversified global specialty chemicals company created in 2019 as a result of the DowDuPont merger and subsequent separations. Its portfolio includes specialty chemicals and downstream products that serve the electronics and communication, automotive, construction, safety and protection,... DuPont is a diversified global specialty chemicals company created in 2019 as a result of the DowDuPont merger and subsequent separations. Its portfolio includes specialty chemicals and downstream products that serve the electronics and communication, automotive, construction, safety and protection, and water management industries. DuPont benefits from the ability to produce patented specialty chemicals that command pricing power. Noteworthy products include Kevlar, Tyvek, and Nomex, which tend to have a wide range of applications across multiple industries. Show more

Sector
Plastics,resins,elastomers
Industry
Plastics,resins,elastomers
Headquarters
Wilmington, Delaware, USA
Founded
1970
DuPont de Nemours Inc is listed in the Plastics,resins,elastomers sector of the New York Stock Exchange with ticker DD. The last closing price for DuPont de Nemours was $73.09. Over the last year, DuPont de Nemours shares have traded in a share price range of $ 61.14 to $ 78.74.

DuPont de Nemours currently has 417,582,864 shares outstanding. The market capitalization of DuPont de Nemours is $30.70 billion. DuPont de Nemours has a price to earnings ratio (PE ratio) of 72.59.

DuPont de Nemours (DD) Options Flow Summary

Overall Flow

Bearish

Net Premium

-367k

Calls / Puts

200.00%

Buys / Sells

100.00%

OTM / ITM

9.09%

Sweeps Ratio

0.00%

DD Latest News

DuPont Schedules First Quarter 2024 Earnings Conference Call

DuPont Schedules First Quarter 2024 Earnings Conference Call PR Newswire WILMINGTON, Del., April 18, 2024 WILMINGTON, Del., April 18, 2024 /PRNewswire/ -- DuPont (NYSE: DD) will release its first...

DuPont Announces Regular Quarterly Dividend on Common Stock

DuPont Announces Regular Quarterly Dividend on Common Stock PR Newswire WILMINGTON, Del., April 17, 2024 WILMINGTON, Del., April 17, 2024 /PRNewswire/ -- DuPont (NYSE: DD) today announced that...

KULR Technology Group Announces Appointment of Donna H. Grier to its Board of Directors

 Former DuPont Executive Brings Decades of Private and Public Market Experience to Company's Board SAN DIEGO, April 15, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR...

DuPont Unveils Pyralux® ML Laminate Series, Offering High Thermal Management for Extreme Environments

ANAHEIM, Calif., April 09, 2024 (GLOBE NEWSWIRE) -- DuPont today introduced the DuPont™ Pyralux® ML Series of double-sided metal-clad laminates, a unique addition to its extensive family of...

Corian® Design Unveils the Essence of Nature's Creativity with the 2024 Color Launch of Corian® Solid Surface

Corian® Design Unveils the Essence of Nature's Creativity with the 2024 Color Launch of Corian® Solid Surface PR Newswire WILMINGTON, Del., April 3, 2024 Embark on a journey of innovation with...

Corian® Design Unveils Nature-Inspired Innovation with the 2024 Color Launch of Corian® Quartz

Corian® Design Unveils Nature-Inspired Innovation with the 2024 Color Launch of Corian® Quartz PR Newswire WILMINGTON, Del., April 3, 2024 The new aesthetics of Corian® Quartz, inspired by the...

DuPont and Menatek announce collaboration in the Global Bearing Market with NAZ Bearings®

DuPont and Menatek announce collaboration in the Global Bearing Market with NAZ Bearings® PR Newswire GENEVA, March 18, 2024 GENEVA, March 18, 2024 /PRNewswire/ -- DuPont (NYSE: DD) and Menatek...

Sam Ponzo Inducted as Member of the Executive Leadership Council

Sam Ponzo Inducted as Member of the Executive Leadership Council PR Newswire WILMINGTON, Del., March 11, 2024 DuPont executive joins preeminent member organization for the development of Black...

DuPont Renews Collaboration with Silicon Catalyst as a Strategic Ecosystem Partner

DuPont Renews Collaboration with Silicon Catalyst as a Strategic Ecosystem Partner PR Newswire SILICON VALLEY, Calif. and WILMINGTON, Del., March 6, 2024 SILICON VALLEY, Calif. and WILMINGTON...

Gabelli Funds to Host 15th Annual Specialty Chemicals Symposium Thursday, March 14, 2024

GREENWICH, Conn., March 06, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds is hosting its 15th Annual Specialty Chemicals Symposium now taking place at The University Club in New York, NY on Thursday...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-2.81-3.6809012313376.3476.572.38234779373.83473927CS
4-1.05-1.4078841512574.5877.9472.38196962875.48872197CS
129.0714.070741545164.4677.9461.14294653869.29745684CS
26-1.48-1.973070257375.0177.9461.14308079970.51538866CS
521.912.666852834471.6278.7461.14299959571.00188518CS
156-3.68-4.7662219919777.2186.2849.52296564170.58009646CS
260-2.75-3.6051389617276.2887.2728.33416455565.99593134CS

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DD Discussion

View Posts
abrooklyn abrooklyn 6 months ago
DuPont Reports Third Quarter 2023 Results

https://s23.q4cdn.com/116192123/files/doc_financials/2023/q3/3Q23-DuPont-Earnings-News-Release-vF.pdf
👍️0
Oleblue Oleblue 10 months ago
I replied on the LWLG board but the post was deleted.
One of the best health sites is the Life Extension Foundation:

https://www.lifeextension.com/

Dr Faloon, one of founders, has started taking anti-aging supplements. Here is his latest presentation on anti-aging:
Search RAADfest 2022 Bill Faloon Age Reversal Research Progress, on utube to get it to work.


One of the best books is Dr Stephen Sinatra's book, The Sinatra Solution: Metabolic Cardiology.
👍️0
Oleblue Oleblue 10 months ago
I replied on the LWLG board but the post was deleted.
One of the best health sites is the Life Extension Foundation:
https://www.lifeextension.com/

Dr Faloon, one of founders, has started taking anti-aging supplements. Here is his latest presentation on anti-aging:


One of the best books is Dr Stephen Sinatra's book, The Sinatra Solution: Metabolic Cardiology.
👍️0
XenaLives XenaLives 1 year ago
Liable for previous corporation's pollution.

https://appellate.nccourts.org/opinions/?c=1&pdf=41896
👍️0
XenaLives XenaLives 1 year ago
Just trying to figure out what's going on here...




Enablence Acquires DuPont Photonics Through Asset Deal and
July 31, 2008 at 9:16 AM MDT
Share this article
New
Gift this article
Enablence Acquires DuPont Photonics Through Asset Deal and DuPont
Invests $US 5M

https://www.bloomberg.com/press-releases/2008-07-31/enablence-acquires-dupont-photonics-through-asset-deal-and


Enablence is still around...
Enablence Technologies Announces Results from Annual and Special Shareholders' Meeting
Newsfile Corp.
Wed, December 7, 2022 at 2:05 p.m.+++

https://ca.finance.yahoo.com/news/enablence-technologies-announces-results-annual-210500137.html
👍️0
XenaLives XenaLives 1 year ago
Hmm what happened to the sock price after this?

👍️0
XenaLives XenaLives 1 year ago
Very strange tape after market today...

Trades>=1K today...


12/08/22 19:00:00 69.85 69.40 70.29 495,100
12/08/22 18:30:00 69.85 69.41 70.29 495,100
12/08/22 16:10:00 69.85 68.00 71.00 495,100
12/08/22 16:03:21 69.85 68.00 71.00 1,400
12/08/22 16:03:21 69.85 68.00 71.00 1,600
12/08/22 16:03:21 69.85 68.00 71.00 4,800
12/08/22 16:03:21 69.85 68.00 71.00 2,000
12/08/22 16:03:21 69.85 68.00 71.00 2,100
12/08/22 16:03:20 69.85 68.00 71.00 7,700
12/08/22 16:03:19 69.85 68.00 71.00 3,800
12/08/22 16:03:19 69.85 68.00 71.00 2,200
12/08/22 16:03:19 69.85 68.00 71.00 495,100
12/08/22 16:03:18 69.85 68.00 71.00 495,100
12/08/22 15:59:25 69.82 69.81 69.82 1,400
12/08/22 15:58:39 69.83 69.81 69.82 1,600
12/08/22 15:55:18 69.74 69.73 69.74 1,100
12/08/22 15:54:01 69.68 69.65 69.66 1,000
12/08/22 15:53:46 69.67 69.66 69.67 1,400
12/08/22 15:45:38 69.59 69.58 69.59 1,100
12/08/22 15:44:04 69.65 69.64 69.66 1,143
12/08/22 15:43:42 69.63 69.63 69.64 1,200
12/08/22 15:43:23 69.62 69.62 69.63 1,000
12/08/22 15:40:12 69.62 69.61 69.62 1,000
12/08/22 15:14:19 69.81 69.77 69.80 1,687
12/08/22 14:56:37 69.9151 69.91 69.93 1,500
12/08/22 14:52:39 69.875 69.86 69.89 87,524
12/08/22 14:51:23 69.803 69.79 69.81 1,000
12/08/22 14:40:05 69.83 69.82 69.84 1,000
12/08/22 14:26:11 69.84 69.84 69.86 1,000
12/08/22 14:16:02 69.74 69.73 69.76 3,100
12/08/22 14:00:59 70.145 70.13 70.16 1,400
12/08/22 13:52:40 70.23 70.22 70.25 1,000
12/08/22 13:49:22 70.28 70.25 70.28 1,220
12/08/22 13:29:22 70.1801 70.20 70.22 5,300
12/08/22 13:29:01 70.18 70.18 70.20 1,700
12/08/22 13:15:29 70.1601 70.16 70.18 1,000
12/08/22 13:13:09 70.23 70.22 70.23 1,000
12/08/22 12:57:31 70.16 70.14 70.16 1,000
12/08/22 12:52:35 70.09 70.08 70.10 1,100
12/08/22 12:41:10 70.0894 70.08 70.10 1,000
12/08/22 12:30:15 70.13 70.13 70.16 1,400
12/08/22 11:57:01 70.2639 70.25 70.29 1,000
12/08/22 11:48:13 70.24 70.24 70.26 1,000
12/08/22 11:45:30 70.205 70.19 70.22 1,131
12/08/22 11:33:26 70.27 70.28 70.31 3,900
12/08/22 11:31:21 70.23 70.21 70.23 1,000
12/08/22 11:26:11 70.005 69.99 70.02 2,100
12/08/22 11:26:11 70.005 69.99 70.02 2,700
12/08/22 11:09:46 70.36 70.33 70.35 7,563
12/08/22 11:03:56 70.4042 70.39 70.42 1,600
12/08/22 11:03:48 70.355 70.34 70.37 1,100
12/08/22 10:53:38 70.56 70.54 70.56 1,200
12/08/22 10:47:36 70.55 70.52 70.54 1,000
12/08/22 10:46:57 70.52 70.50 70.53 1,000
12/08/22 10:45:43 70.4927 70.47 70.51 1,400
12/08/22 10:40:36 70.49 70.49 70.53 3,800
12/08/22 10:37:24 70.63 70.62 70.65 1,300
12/08/22 10:35:30 70.60 70.60 70.63 1,000
12/08/22 10:20:42 70.57 70.55 70.59 1,000
12/08/22 09:54:56 70.59 70.56 70.60 1,064
12/08/22 09:53:50 70.515 70.49 70.55 2,376
12/08/22 09:52:57 70.43 70.43 70.49 1,700
12/08/22 09:49:12 70.36 70.30 70.39 1,400

👍️0
Oleblue Oleblue 1 year ago
Looks like they sold the polymer division:


Celanese will buy DuPont's engineering polymer and elastomer businesses for $11 billion – Chemical & Engineering News
September 9, 2022 by Civil Engg Notes

In a deal that will combine two of the world’s leading engineering polymer businesses, Celanese has agreed to acquire most of DuPont’s Mobility and Materials unit for $11 billion.

The businesses, which DuPont earmarked for sale in November, had sales of $3.5 billion and profit before taxes of $800 million in 2021. The acquisition will be a major one for Celanese, which had sales of $8.5 billion last year, and will more than double the size of the firm’s engineered materials unit.
Roughly 5,000 employees and 29 manufacturing sites will move to Celanese in the deal, which the companies aim to complete around year-end.
The transaction includes many materials used in demanding applications, such as automotive and electronics parts. One key polymer is nylon 6,6, which has been a part of DuPont for over 80 years. DuPont sold its nylon fiber business in 2004. In addition, Celanese will get DuPont’s long-chain and performance nylons, polybutylene terephthalate, and polyethylene terephthalate. DuPont’s polyester and ethylene acrylic elastomers and its Mylar and Melinex polyester films are also part of the deal.
“This is a very high-quality business,” Scott Richardson, Celanese’s chief financial officer, said on a Feb. 18 conference call with analysts. “A high-margin business that very much kind of fits hand and glove with our engineered materials business.”
Celanese’s engineering polymer line includes polyacetal, ultra-high-molecular-weight polyethylene, liquid crystal polymers, and polyphenylene sulfide. DuPont’s nylon and polybutylene terephthalate production will provide raw material for Celanese’s compounding operations in those areas.
The purchase will also extend Celanese’s reach in Asia, helping the firm recover some of the presence it relinquished in 2020 when it sold its stake in the Polyplastics joint venture with Japan’s Daicel. Overall, Celanese executives say, the firm will achieve $450 million worth of annual benefits by integrating the DuPont polymer business with its own.
Celanese has been pushing to grow its engineered materials business. Late last year, it bought ExxonMobil’s Santoprene thermoplastic vulcanizate business for $1.15 billion.
Celanese and DuPont left DuPont’s Delrin polyacetal business out of the deal to ease approval from antitrust authorities. Celanese’s Richardson told analysts that he doesn’t expect regulators to require any meaningful concessions before approving the transaction.
DuPont now plans to separately market the Delrin business, which has annual sales of about $550 million. “There is substantial interest in this high-quality asset,” DuPont CEO Edward Breen says in a statement. The company expects to sell that business by the first quarter of 2023.
Tedlar polyvinyl fluoride films, used on solar panels, were also left out of the sale. DuPont says it will keep that business, as well as its auto adhesive and Multibase polymer additive businesses.
DuPont plans to use the sale proceeds to pay for its pending $5.2 billion purchase of the electronic materials firm Rogers and to finance further acquisitions and share buybacks.
Stock analysts say the deal will indeed be transformational for Celanese. With the DuPont businesses, Celanese will have the “broadest and most differentiated” portfolio of engineered materials in the world, Frank J. Mitsch of Fermium Research writes in a note to clients. In the process, Celanese’s more commodity-like acetyl chemical business will become “a smaller amount of the total pie.” Acetyls accounted for 64% of the firm’s sales in 2021.
In a report, Vertical Research Partners analyst Kevin W. McCarthy calls the purchase an “attractive strategic fit” for Celanese. “The transaction vaults Celanese to a different league on the global stage as it creates a world-class leader in engineered materials,” he writes.
McCarthy says the purchase may set the stage for future transactions. The scale that the DuPont business provides, he observes, could give Celanese “critical mass” to split off its acetyl business “at some point down the road after the incremental debt has been digested sufficiently.”
This article was originally published on Feb. 18, 2022. It was updated on Feb. 24, 2022, to include comment about the deal from stock analysts.
Article:
👍️0
XenaLives XenaLives 1 year ago
LWLG stockholder... curious about what's going on...
👍️0
Oleblue Oleblue 1 year ago
COBO + OPTICA Co-Packaged Optics and Pluggable Optics Industry Summit October 26-27, 2022

👍️0
Oleblue Oleblue 2 years ago
I worked there two summers at the Waynesboro plant while going to college.
They had a training program for new hires back in the 60's and a good retirement plan.
My father worked for them for 42 years.
Benger Labs was one of DuPonts better labs. Some of the best nylon was made there due to the water quality from Baker Springs, an artesian spring.
Here is a history piece I found:
https://walterwilson3.com/f/the-waynesboro-du-pont-plant
👍️0
Dash for Cash Dash for Cash 2 years ago
Dupont
👍️0
Jimmy Joe Jimmy Joe 3 years ago
Used to be a good company...... now just a has been..... and pretty soon a never was......

PPD where are you? All semi works buildings by the Brandywine gone.....
the history....... gone......

Thanks Woolard...... Thanks Chad on Holiday.......

Goodbye best company I ever worked for...... but at least I got 20 years out of it. Most will never know what a great company was...... took care of their people...... now money over people...... 249 building and yard gang where I started..... I'll never forget you...... ever.

👍️ 1
T695 T695 3 years ago
Short to $70
👍️0
02opida 02opida 3 years ago
looking good
👍️0
T695 T695 3 years ago
Short to $70
👍️0
02opida 02opida 3 years ago
86
👍️0
swanlinbar swanlinbar 5 years ago
The Devil We Know https://thedevilweknow.com/
👍️0
02opida 02opida 6 years ago
DWDP
👍️0
02opida 02opida 6 years ago
This yr
👍️0
Angelinvestor Angelinvestor 6 years ago
Looking forward for merger
👍️0
02opida 02opida 7 years ago
DWDP is here
👍️0
02opida 02opida 7 years ago
DWDP coming soon
👍️0
Fibanotch Fibanotch 7 years ago
uh huh
👍️0
02opida 02opida 7 years ago
DD & DOW = DWDP ~ when merged
👍️0
02opida 02opida 7 years ago
Good one
👍️0
Fibanotch Fibanotch 7 years ago
whata move
👍️0
ValueInvestor15 ValueInvestor15 7 years ago
Not much Margin Of Safety for E. I. du Pont $DD going into earnings Tuesday...

Fair Value Analysis
👍️0
mick mick 7 years ago
REVIEWING MY FRIEND/ THANX FOR INVITE/ [DD
👍️0
02opida 02opida 7 years ago
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=dd&insttype=&freq=2&show=&time=10
👍️0
02opida 02opida 7 years ago
72
👍️0
02opida 02opida 7 years ago
DuPont and Dow intend that, following the consummation of the merger, the combined company will pursue the separation of the combined company's Agriculture business, Material Science business and Specialty Products business into three independent, publicly traded companies, subject to approval by the DowDuPont board and receipt of any required regulatory approvals
👍️0
pennystockaholic pennystockaholic 7 years ago
Sticky ? We need new update when avalible
👍️0
BottomBounce BottomBounce 8 years ago
$DD E.I. du Pont de Nemours and Company (NYSE:DD) http://www.isstories.com/keep-in-touch-with-analysts-earnings-estimates-amyris-inc-nasdaqamrs-e-i-du-pont-de-nemours-and-company-nysedd/8758371/
👍️0
Dekon Dekon 8 years ago
DuPont should look into acquiring Stealth Mark unique taggants.
👍️0
02opida 02opida 8 years ago
After > DWDP
👍️0
02opida 02opida 8 years ago
Thanks TRUTH > The Wedding is closer ~

wonder where it will be held
Wonder what the date they will set
Wonder who if later there will be Twin D's
👍️0
DewDiligence DewDiligence 8 years ago
SYT accepts ChemChina’s $43B all-cash buyout offer: #msg-120271694.
👍️0
mick mick 8 years ago
E.I. DU Pont de Nemo (DD)
63.62 ? -2.98 (-4.47%)
Volume: 1,592,856 @ 11:46:37 AM ET
Bid Ask Day's Range
- - 63.52 - 65.31
DD Detailed Quote Wiki
DD News: Dyadic International, Inc. Announces Closing of Sale of Industrial Technology Business to Dupont Industrial Biosciences 12/31/2015 10:16:45 AM
DD News: Dyadic International, Inc. Announces Closing of Sale of Industrial Technology Business to Dupont Industrial Biosciences 12/31/2015 10:16:45 AM
DD News: Filing of Certain Prospectuses and Communications in Connection With Business Combination Transactions (425) 12/29/2015 05:12:34 PM
DD News: Filing of Certain Prospectuses and Communications in Connection With Business Combination Transactions (425) 12/29/2015 04:08:23 PM
DD News: Filing of Certain Prospectuses and Communications in Connection With Business Combination Transactions (425) 12/29/2015 04:07:29 PM
👍️0
DewDiligence DewDiligence 8 years ago
DowDupont “merger of equals” is official:

#msg-119098403
#msg-119098448
#msg-119098794
👍️0
KingTigerII KingTigerII 8 years ago
DD$$$$
👍️0
TRUISM TRUISM 8 years ago
Dow Chemical, DuPont Reportedly In Advanced Merger Talks
Wire Reports Wednesday, Dec. 9, 2015, 12:21 a.m. Updated 6 hours ago
Click For Link



Dow Chemical Co. and DuPont are in advanced merger talks, the Wall Street Journal reported Tuesday, citing people familiar with the matter.

The merger would be followed by a three-way breakup of the combined company, the sources told the Journal. A deal has not been finalized, and the talks could fall apart, the people said.

Dow Chemical Chief Executive Officer Andrew Liveris is expected to be executive chairman of the new company and DuPont's Edward Breen will remain CEO, according to the newspaper.

At the end of trading Tuesday, Dow Chemical was worth more than $60 billion, while DuPont's market capitalization was roughly $59 billion.

Should it come to fruition, a combination of the companies would be one of the biggest in a year marked by big deals. So far, companies have struck about $4.35 trillion worth of takeovers in 2015, in recent days eclipsing 2007 as the top year on record for deals, according to Dealogic.

It would form a giant with more than $90 billion in combined sales and strong positions in every­thing from plastics to industrial chemicals and agriculture.

Under pressure from shareholders to slim down and focus on faster-growing units, both companies have been restructuring their businesses by shedding some of the products that made them famous.




Blessings to All

TRUTH
👍️0
DewDiligence DewDiligence 8 years ago
Crop-export taxes in Argentina likely to end: #msg-118673495.
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DewDiligence DewDiligence 9 years ago
DD's conference-call slides from 10/5/15:

http://investors.dupont.com/files/doc_presentations/2015/October/Oct-5-Slides-FINAL.pdf
👍️0
DewDiligence DewDiligence 9 years ago
DD’s conference call two days ago didn’t yield much of a clue about what to expect in the way of split-ups or divestitures.

p.s. As a MON long, I found MON's FY2016 guidance to be less bad than I feared after DD's bombshell (#msg-117537579, #msg-117537874).
👍️0
north40000 north40000 9 years ago
DOW (Mycogen) and DD were often on similar sides in various litigations with MON.
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Enterprising Investor Enterprising Investor 9 years ago
DuPont’s Interim Boss Edward Breen Is a Breakup Expert (10/06/15)

Former Tyco chief broke up conglomerate twice, raising possibility of future split at DuPont

By Joann S. Lublin and David Benoit

Edward D. Breen, the new temporary leader of DuPont Co. , knows a lot about breaking up big businesses, a skill he could put to use at the chemicals conglomerate that has fought off calls for a split for most of this year.

During his decadelong tenure as chief executive of Tyco International Ltd. , Mr. Breen, now 59, broke up the company twice.

First, in 2007, when Tyco was a $41 billion conglomerate with nearly 240,000 employees, he split it apart, hiving off two units: a medical-products company which became Covidien PLC and an electronics-component maker, now known as TE Connectivity Ltd.

The second time around, he spun off its ADT residential-alarm business and a unit that made industrial valves and pipes, leaving Tyco as a provider of security and fire systems—a comedown for a company that bought hundreds of businesses over five decades.

“He’s not shy about doing breakups,’’ said Michael Useem, a management professor at University of Pennsylvania’s Wharton School who has known Mr. Breen for years and advised Tyco about governance issues.

Shares of DuPont rose 7.7% Tuesday, its biggest one-day percentage gain since 2009, but the stock remains down 21% for the year.

Mr. Breen, who joined DuPont’s board in February, takes over next week on an interim basis as CEO and chairman from Ellen Kullman who Monday announced her surprise retirement. Ms. Kullman survived a bitter proxy fight waged this spring by Nelson Peltz’s Trian Fund Management LP, which had sought to split the 213-year-old maker of Kevlar fibers and Pioneer corn seeds into two separate businesses, one focused on agriculture and the other on industrial materials.

Ms. Kullman—with the support of DuPont’s board of directors, including Mr. Breen—prevailed in the proxy vote that rejected Trian’s strategy and opposed the fund’s attempt to nominate directors for the board. But the company’s results worsened and Ms. Kullman ultimately agreed to step down.

Now as Mr. Breen takes the reins as interim CEO, his previous support for keeping the company together may evolve especially in the face of deteriorating results. While announcing the CEO change Monday, DuPont also lowered its earnings forecast for this year.

During a conference call after Monday’s announcement, Mr. Breen said he planned “a deep dive” into DuPont’s cost structure and to evaluate its investment decisions to make sure shareholders get appropriate returns.

In the past, he has defended DuPont’s structure and credited Ms. Kullman with already restructuring the company.

In a company presentation for investors earlier this year, he was quoted as saying that at Tyco “we faced a very different set of facts” that “required extreme measures.”

Mr. Breen is committed “to effective decision-making based on the specific facts and circumstances of that particular company,’’ a DuPont spokeswoman said Tuesday.

On a call Monday with analysts, Mr. Breen said his appointment as interim CEO shouldn’t be a signal for strategy change.

“I would not read anything into that,” he said.

Even so, analysts and investors couldn’t help but read into it. Deutsche Bank analysts in a report Tuesday said they view a breakup as “highly likely” because Ms. Kullman was viewed as “the single biggest impediment, in our view, to a breakup of DuPont.”

Citigroup analysts said in a report they see “significant strategic changes” and suggested that splitting up like Trian suggested could lead the separate agricultural company to find a deal with Dow Chemical Co.

Former colleagues at Tyco recall Mr. Breen being a detail-oriented executive who kept a close eye on operational matters and held nothing sacred. Bruce Gordon, a former Tyco director who now is chairman of the spun-off ADT Corp. , recalled how Mr. Breen knew everything from the size of each unit’s sales force to its customer attrition rate.

When he assumed the helm at Tyco, Mr. Breen had to make some tough decisions. The former Motorola Inc. president took over from L. Dennis Kozlowski in 2002, who lost his job amid imminent charges of sales-tax evasion. That probe grew into a bigger case, and Mr. Kozlowski was criminally convicted of systematically looting the company and served more than six years in prison.

In the face of a liquidity crisis and accounting mess, Mr. Breen cast the deciding vote to replace the entire Tyco board and shed almost 300 people at the corporate headquarters.

At DuPont, Mr. Breen “will get down very deeply into these businesses,’’ and decide whether all of DuPont units “are worth keeping,’’ said Jack Krol, a retired DuPont CEO who was Tyco’s lead independent director during most of Mr. Breen’s tenure.

It wasn’t immediately clear if Mr. Breen—who remains Tyco chairman and is the lead director for Comcast Corp.—wants to be considered for the permanent top spot at DuPont. However, “Ed will participate in the search for the new CEO,’’ the company spokeswoman said.

DuPont’s next boss will still have to contend with Trian. The fund has continued to buy shares in DuPont even after losing the battle for board seats, said Ed Garden, Trian’s chief investment officer in a CNBC interview before Monday’s announcement. Trian declined to comment.

Despite backing the breakup of Tyco, Mr. Breen isn’t in favor of splitting apart companies in response to activist pressure. “If activists find a weakness, they jump,’’ he said during a 2012 interview with The Wall Street Journal. “It is not the most elegant way to get it done.”

http://www.wsj.com/articles/duponts-interim-boss-is-a-breakup-expert-1444175784
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pfort1 pfort1 9 years ago
Kullman played a Lose, Lose, Lose game
She may go out with millions, but she goes out a loser. Stock owners who voted for management are losers. Those that voter for Trian (Peltz) are losers. Everybody is a loser. Takes a really big ego to come up with an outcome like that. I said it before on this board, keep you friends close, but keep your enemies closer. Something that Kullman never learned - what a pity.
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north40000 north40000 9 years ago
http://ih.advfn.com/p.php?pid=nmona&article=68766573

"WILMINGTON, Del., Oct. 5, 2015 /PRNewswire/ -- Ellen Kullman, Chair and CEO of DuPont, announced that she will retire from the company effective October 16. On that date, Edward Breen, a current member of the DuPont Board of Directors, will assume the role of Interim Chair and CEO of DuPont. The Board has engaged an executive recruitment firm to identify a full-time replacement...."

Shares + AH.
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ShotMaker ShotMaker 9 years ago
Is anyone else watching DD?? The has dropped from $75 to about $48 in the past couple of months. Is this overdue for a flip back the other way? I like to swing trade this occasionally. Thoughts?
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