Full-year adjusted EPS guidance raised to $2.35-$2.40
DuPont reported a strong Q1, beating guidance with organic growth of 2%, significant margin expansion, and double-digit EPS growth. Management raised full-year guidance, citing pricing actions to offset Middle East conflict-related cost inflation and strong operational execution. The quarter saw some disruption in the Water business from Middle East logistics, but the impact was temporary as shipments were made in April. Q1 2026 organic sales grew 2%, with operating EBITDA margin up 130 bps pro forma to 24.6%.
Buzzberg 분석Full-year adjusted EPS guidance raised to $2.35-$2.40DuPont reported a strong Q1, beating guidance with organic growth of 2%, significant margin expansion, and double-digit EPS growth. Management raised full-year guidance, citing pricing actions to offset Middle East conflict-related cost inflation and strong operational execution. The quarter saw some disruption in the Water business from Middle East logistics, but the impact was temporary as shipments were made in April. Q1 2026 organic sales grew 2%, with operating EBITDA margin up 130 bps pro forma to 24.6%.전체 분석 보기분석 접기
DuPont reported a strong Q1, beating guidance with organic growth of 2%, significant margin expansion, and double-digit EPS growth. Management raised full-year guidance, citing pricing actions to offset Middle East conflict-related cost inflation and strong operational execution. The quarter saw some disruption in the Water business from Middle East logistics, but the impact was temporary as shipments were made in April. Q1 2026 organic sales grew 2%, with operating EBITDA margin up 130 bps pro forma to 24.6%.
Management raised FY2026 guidance for revenue and EPS, incorporating pricing to offset ~$90M of incremental input costs from the Middle East conflict.
Healthcare sales were up high-single-digit in Q1 and are expected to grow mid-to-high single digits for the full year.
The Water business was down in Q1 due to Middle East logistics disruptions, but management expects a strong rebound in the second half.
Revenue$1.681B
-1% QoQ
EPS$1.65
reported
Gross margin35.81%
reported
Op margin11.06%
reported
이번 분기에 달라진 점
01
Guidance
Full-year adjusted EPS guidance raised to $2.35-$2.40
Guidance · revenue to $7.185B
02
Pricing
Pricing actions to fully offset Middle East conflict costs
Q1 2026 organic sales grew 2%, with operating EBITDA margin up 130 bps pro forma to 24.6%.
03
Demand
Water business growth expected to accelerate in second half
Management expressed confidence in their execution, raised full-year guidance, and highlighted strong order trends and productivity gains.
04
Demand
Healthcare segment sees high single-digit organic growth in Q1
Water business growth expected to accelerate in second half. Management expressed confidence in their execution, raised full-year guidance, and highlighted strong order trends and productivity gains.
AI, 자본지출 및 수요 분석
AI
플랫폼 및 수익화
Management highlighted their collaboration with Uncountable, an AI-driven platform for product and application development, to accelerate development and improve cycle time. They also mentioned expanding the use of data-enabled tools for maintenance, defect detection, and asset performance optimization.
수요
수주 및 전환
Water business growth expected to accelerate in second half. Management expressed confidence in their execution, raised full-year guidance, and highlighted strong order trends and productivity gains.
자본지출
투자 및 생산능력
No specific capital expenditure guidance was discussed, but the company continues to invest in digital and AI capabilities to drive operational excellence.
톤 · Confident
Management expressed confidence in their execution, raised full-year guidance, and highlighted strong order trends and productivity gains.
공급망 알파
A1
DuPont estimates it will take ~$90 million in incremental costs due to the Middle East conflict, and has implemented price increases and surcharges to fully offset this headwind, implying pricing power in its niche markets.
“So overall, our expectation is around incremental costs of around 90 million, which we expect to fully cover from a top line perspective related to price and surcharges.”
April sales were in line with expectations, and order trends remained strong even after price increases were implemented, suggesting minimal demand destruction from the new pricing.
“our order trends in April were actually, you know, we have very similar demand as we have been seeing and nice increases overall on a year-over-year basis.”
DuPont has shifted its full-year growth assumptions, now expecting Water to be flat in the first half and up high-single-digits in the second half due to large project timing being skewed to the second half of the year.
“So we'll be about flat overall in water in the first half. And then we think up kind of high single digits in the second half.”