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Net sales of $3.1 billion decreased 8%; organic sales decreased 10% versus year-ago period.
November 1, 2023
By: DAVID SAVASTANO
Editor, Ink World Magazine
DuPont announced its financial results for the third quarter ended Sept. 30, 2023. Net sales of $3,058 million decreased 8% as organic sales decline of 10% was slightly offset by favorable portfolio impact of 2%, primarily reflecting the Aug. 1, 2023 acquisition of Spectrum. The organic sales decline of 10% reflects lower volume primarily from semiconductor and construction end-markets, as well as the impact of channel inventory destocking. Operating EBITDA was $775 million, down 9%. Cas...
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