Even better, management signaled that the chemical company is moving past most of the destocking headwinds that plagued it this year.
Net sales declined roughly 3% year over year to $2.9 billion, beating expectations of $2.8 billion, according to LSEG.
Quarterly results Organic sales in the Electronics & Industrial business declined 2% year over year, with volume and prices both down 1%.
And in Shelter Solutions, the destock looks complete after sales were flat in the first quarter and expected to rise sequentially in the second quarter.
This new outlook reflects a continued electronics recovery and some easing of channel inventory destocking in industrial-based businesses.
Persons:
we're, Ed Breen, Breen, Jim Cramer's, Jim Cramer, Jim, Dupont, Mark Makela
Organizations:
DuPont, PPG Industries, Industrial Technologies, Automotive, Electronics & Industrial, Semiconductor Technologies, DuPont's, Taiwan Semi, Samsung, Safety Solutions, Water Solutions, Solutions, CNBC, Getty
Locations:
bottoming, Taiwan, biopharma, Kalrez