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Stock impact report

DuPont sees Q1 adj. EPS topping estimates, taps credit lines to bolster liquidity [MarketWatch]

DuPont de Nemours, Inc. (DD) 
Last dupont de nemours, inc. earnings: 1/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.dupont.com
Company Research Source: MarketWatch
DuPont de Nemours Inc. said Monday it is tapping credit facilities, delaying certain spending and suspending its full-year guidance in the midst of the coronavirus pandemic. The chemicals giant said it expects strong first-quarter results, but is taking steps to address "significant" uncertainty in some of its end-markets. The company is expecting a first-quarter, per-share loss of $1 to 70 cents and adjusted EPS of 82 cents to 84 cents. The FactSet consensus is for EPS of 68 cents. The company has entered a 364-day $1.0 billion revolving credit facility to replace a $750 million facility that was set to expire in June. It has secured a $2.0 billion, 364-day delayed-draw facility to ensure it can meet November maturities and may elect to replace that facility through the capital markets. It has idled certain plants, mostly in the transportation and industrial segments, reflecting the current stress in the global automotive market. "Additionally, we now have committed financing in plac Show less Read more
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