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Top related persons:
Ed Breen - 1 DuPont - 1 Jim Cramer's - 1 Jim Cramer - 1 Jim - 1 Edward Breen - 1 Brendan McDermid - 1
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China
Top related orgs:
DuPont de Nemours - 1 DuPont - 1 Spectrum Plastics - 1 CNBC - 1 New York Stock Exchange - 1

Search resuls for: "Spectrum Plastics"


2 mentions found


☆ Why we're upbeat on chemicals maker DuPont, despite its narrowed guidance
  + stars: | 2023-11-01 | by ( Jeff Marks | ) www.cnbc.com   time to read: +8 min
But we remain optimistic the specialty chemicals company's electronics business will turn next year, leading to revived growth. At the same time, DuPont raised concerns about its water and safety solutions business due to ongoing destocking and a weaker China. The electronics and industrial segment is comprised of three subunits: semiconductor technologies, interconnect solutions and industrial solutions. Guidance DuPont shaved its full-year net sales outlook to about $12.17 billion, from a previous range of $12.45 billion to $12.55 billion. The company cited additional channel inventory destocking and slow industrial demand in China, mostly in its water solutions business, for its revised guidance.
Persons: Ed Breen, DuPont, Jim Cramer's, Jim Cramer, Jim, Edward Breen, Brendan McDermid Organizations: DuPont de Nemours, DuPont, Spectrum Plastics, CNBC, New York Stock Exchange Locations: China
☆ DuPont trims revenue forecast on slow electronics recovery, shares fall
  + stars: | 2023-05-02 | by ( ) www.reuters.com   time to read: +2 min
May 2 (Reuters) - DuPont de Nemours Inc (DD.N) on Tuesday cut its full-year revenue forecast, citing slower-than-expected recovery in the electronics and industrial markets, sending its shares down nearly 5% in premarket trading. The materials and chemicals maker expects customer utilization in the electronics markets to bottom in the "near-term" and improve only in the third quarter. DuPont cut the top-end of its annual sales forecast to $12.50 billion from $12.90 billion, while retaining the lower end at $12.30 billion. "Within electronics markets, we continue to see weakness and channel inventory destocking in the near-term," Chief Financial Officer Lori Koch said in a statement. "We continue to expect ongoing strength throughout the year in areas such as water, automotive, aerospace and healthcare," Koch said.
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