Edition:
India

Dupont Says It Is Targeting $80 Mln In Cost Actions, Biased Towards Q4 - Conf Call


Thursday, 1 Aug 2019 

Aug 1 (Reuters) - Dupont De Nemours Inc ::DUPONT - TARGETING $80 MILLION IN COST ACTIONS, BIASED TOWARDS Q4, TO MITIGATE MACRO HEADWINDS FROM BOTH PRICE AND VOLUME IN THE SECOND HALF - CONF CALL.DUPONT - FOR Q3 EXPECT PRO FORMA ADJUSTED EPS TO BE IN RANGE OF $0.94 TO $0.99 PER SHARE- CONF CALL.DUPONT - IN Q2, CONTINUED TO SEE STRONG DEMAND GROWTH IN OUR FOOD & BEVERAGE BUSINESS FROM A PLANT-BASED MEAT TREND - CONF CALL.DUPONT - FOR Q3 , EXPECT ONGOING WEAKNESS IN AUTO, ELECTRONICS DUE TO LOWER DEMAND OUT OF CHINA, DESTOCKING IN POLYMER DISTRIBUTION CHAIN - CONF CALL.DUPONT - CONTINUE TO SEE $1 BILLION WORKING CAPITAL PRODUCTIVITY OPPORTUNITY, EXPECT TO BRING OUR WORKING CAPITAL MORE IN LINE BY YEAR-END - CONF CALL.DUPONT - WOULDN'T SAY AUTOMOTIVE DEMAND WEAKENING WAS ALL ABOUT THE TRADE WAR, BUT CLEARLY THAT'S A FACTOR- CONF CALL.DUPONT - LOOKING TO HOPEFULLY GET THROUGH TOUGH BIOETHANOL MARKET DURING THE COURSE OF 2019 AND MAY BE SEE A RECOVERY IN 2020 - CONF CALL.DUPONT - KOREAN SEMICONDUCTOR MARKET HAS BEEN REALLY SOFT HERE IN Q2 AND THAT'S IMPACTING OUR MATERIALS SALES - CONF CALL.