Recent Updates — DD
DuPont de Nemours, Inc., along with The Chemours Company and Corteva Inc., entered into a settlement agreement to resolve PFAS-related claims brought by the State of North Carolina and eleven local entities regarding emissions from the Fayetteville Works facility. The total aggregate cash payment is $455 million, payable over 15 years, with DuPont recording a pre-tax probable loss of approximately $125 million in discontinued operations for its share after accounting for reimbursement obligations from Qnity Electronics. Additionally, the parties established a $135 million reserve fund to secure Chemours' performance under a separate consent order. This legal resolution impacts DuPont's financial liabilities and operational risk profile within the chemical manufacturing industry.
DuPont de Nemours reported second quarter 2026 results with net sales of $1.8 billion, a 4% increase, and adjusted EPS of $1.88. The company raised its full-year 2026 operating EBITDA guidance midpoint to approximately $1.76 billion and adjusted EPS guidance to $7.24 per share. DuPont also announced an intent to repurchase $250 million of shares in the third quarter. Additionally, the filing notes that a reverse stock split at a ratio of 1-for-3 became effective on June 24, 2026. DuPont operates as a global innovation leader providing advanced solutions for healthcare, water, construction, and industrial markets.
On June 23, 2026, DuPont de Nemours, Inc. filed a Certificate of Amendment to its Third Amended and Restated Certificate of Incorporation. This amendment effected a 1-for-3 reverse stock split of the company's common stock and a corresponding reduction in the number of authorized shares. The split became effective at 12:01 a.m. Eastern Time on June 24, 2026. The company's common stock continues to trade on the New York Stock Exchange under the ticker symbol "DD" with a new CUSIP number of 26614N 201. DuPont is a specialty chemicals company that provides science-based solutions for various industrial and consumer markets.
DuPont de Nemours, Inc. stockholders approved an amendment to the company's certificate of incorporation to implement a reverse stock split. The Board of Directors has specifically approved a 1-for-3 ratio, which is expected to become effective on June 24, 2026.
DuPont de Nemours, Inc. announced its financial results for the first quarter of 2026 on May 5, 2026. The company issued a press release to communicate these results, though no specific financial figures were included in the text of this filing.
Luke Kissam resigned from DuPont de Nemours, Inc.'s Board of Directors effective April 14, 2026, to assume the role of Chief Executive Officer at Corteva, Inc. Following his departure, the Company's Board of Directors will decrease in size from eleven to ten members.