DuPont de Nemours (DD) Q3 FY2021 earnings: revenue $3.2 billion, down 11.8% on the year

DuPont de Nemours, Inc. (DD) reported revenue of $3.2 billion for Q3 FY2021, the quarter ended 30 September 2021, down 11.8% on the same quarter a year earlier. Net income was $391 million, and diluted earnings per share $2.25. The figures are the company's own, from the 10-Q it filed with the SEC on 3 November 2021.

Revenue

$3.2 billion

-11.8% on the year · +3.1% on the quarter

Q4 FY2019Q3 FY2021

Operating margin

n/a

Q4 FY2019Q3 FY2021

Net income

$391 million

-18.2% on the quarter

Q4 FY2019Q3 FY2021

Diluted EPS

$2.25

-16.7% on the quarter

Q4 FY2019Q3 FY2021

this quarterthe same quarter a year earlierHover a bar for its figure.

Income statement (profit and loss)

$ million	Q3 FY2021	Q2 FY2021	Q3 FY2020	On the quarter	On the year
Revenue	3,199	3,104	3,629	+3.1%	-11.8%
Cost of revenue	2,032	n/a	n/a
Gross profit	1,167	n/a	n/a
Gross margin	36.5%	n/a	n/a
Research and development	137	n/a	n/a
Selling, general and administrative	411	n/a	n/a
Pre-tax income	339	n/a	n/a
Income tax	80.0	n/a	n/a
Effective tax rate	23.6%	n/a	n/a
Net income	391	478	-79.0	-18.2%
Net margin	12.2%	n/a	n/a
Diluted EPS	$2.25	$2.70	-$0.33	-16.7%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed.

Cash flow

$ million	Q3 FY2021	Q2 FY2021	Q3 FY2020	On the quarter	On the year
Operating cash flow	842	n/a	n/a
Capital expenditure	208	n/a	n/a
Free cash flow	634	n/a	n/a
Free cash flow margin	19.8%	n/a	n/a
Cash from investing	-2,398	n/a	n/a
Cash from financing	-665	n/a	n/a
Depreciation and amortisation	300	333	780	-9.9%	-61.5%
Share-based compensation	15.0	n/a	n/a
Buybacks	500	n/a	n/a
Dividends paid	157	n/a	n/a
Dividend per share	$0.00	n/a	n/a
Diluted shares, weighted	174m	177m	245m	-1.5%	-28.8%
Shares outstanding at period end	173m	174m	245m	-0.9%	-29.4%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2021	Q2 FY2021	Q3 FY2020	On the quarter	On the year
Shareholders' equity	26,633	26,877	37,559	-0.9%	-29.1%
Non-controlling interest	606	n/a	n/a
Debt	10,630	10,628	-23,806	+0.0%
Operating lease liabilities	331	n/a	n/a
Other liabilities	7,815	n/a	n/a
Total liabilities and equity	46,015	n/a	n/a
Fixed assets	6,921	n/a	n/a
Goodwill	19,688	n/a	n/a
Intangible assets	8,644	n/a	n/a
Cash and equivalents	1,670	3,962	4,008	-57.8%	-58.3%
Receivables	2,237	n/a	n/a
Inventory	2,844	n/a	n/a
Other assets	4,011	n/a	n/a
Total assets	46,015	n/a	n/a

Questions

What was DuPont de Nemours' revenue in Q3 FY2021?

DuPont de Nemours (DD) reported revenue of $3.2 billion for Q3 FY2021, the quarter ended 30 September 2021, down 11.8% on the same quarter a year earlier.

How much did DuPont de Nemours earn in Q3 FY2021?

Net income for Q3 FY2021 was $391 million, and diluted earnings per share $2.25.

When did DuPont de Nemours report Q3 FY2021 results?

DuPont de Nemours filed its 10-Q for the quarter ended 30 September 2021 with the SEC on 3 November 2021.

Quarterly results, the last 20 quarters

	Q3 FY2021 †	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023 †	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024 †	Q2 FY2024 †	Q3 FY2024 †	Q4 FY2024	Q1 FY2025 †	Q2 FY2025 †	Q3 FY2025 †	Q4 FY2025	Q1 FY2026	Q2 FY2026
Revenue	3,199	4,271	3,274	3,322	3,317	3,104	3,018	3,094	3,058	2,898	1,599	1,717	1,714	1,689	1,612	1,749	1,795	1,693	1,681	1,819
Cost of revenue	2,032	2,858	2,110	2,149	2,095	2,048	1,983	2,030	1,954	1,868	1,098	1,131	1,134	1,136	1,069	1,143	1,179	1,095	1,079	1,180
Gross profit	1,167	1,413	1,164	1,173	1,222	1,056	1,035	1,064	1,104	1,030	501	586	580	553	543	606	616	598	602	639
Gross margin	36%	33%	36%	35%	37%	34%	34%	34%	36%	36%	31%	34%	34%	33%	34%	35%	34%	35%	36%	35%
R&D	137	162	143	141	129	123	127	125	128	128	125	134	127	138	50.0	53.0	140	n/a	47.0	42.0
SG&A	411	465	389	385	356	337	340	358	360	350	384	418	368	363	234	262	387	n/a	255	269
Pre-tax income	339	350	279	478	498	193	356	356	408	-616	28.0	1.0	287	-199	97.0	78.0	91.0	-66.0	181	266
Tax rate	24%	24%	17%	24%	28%	46%	23%	24%	29%	n/a	300%	12000%	34%	n/a	18%	69%	21%	n/a	17%	28%
Net income	391	204	488	787	367	4,226	257	-131	319	-22.0	188	178	454	-117	-589	59.0	-123	-126	161	143
Net margin	12%	5%	15%	24%	11%	136%	9%	-4%	10%	-1%	12%	10%	26%	-7%	-37%	3%	-7%	-7%	10%	8%
Diluted EPS	$2.25	$4.02	$2.85	$4.65	$2.19	$25.56	$1.68	-$0.84	$2.10	-$0.12	$1.35	$1.26	$3.24	-$0.84	-$4.23	$0.42	-$0.87	-$0.90	$1.17	$1.05
Operating cash flow	842	621	209	86.0	419	-126	343	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital expenditure	208	184	251	135	172	185	232	114	119	145	207	102	109	161	122	116	118	n/a	102	76.0
Free cash flow	634	437	-42.0	-49.0	247	-311	111	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Buybacks	500	500	375	500	250	n/a	0.0	0.0	2,000	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Dividends paid	157	154	169	166	165	152	165	165	165	156	159	158	159	159	172	171	172	82.0	82.0	81.0
Shares outstanding	173m	171m	170m	167m	166m	153m	153m	153m	143m	139m	139m	139m	139m	136m	139m	140m	140m	136m	137m	135m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2021, filed 3 November 2021: the filing.