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Search resuls for: "DuPont's Semiconductor Technologies"


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DuPont's water and protection segment may have seen a year-over-year decline in sales, but what matters most is that revenue was up 8% sequentially. Notably, DuPont's Water Solutions and Tyvek medical packaging businesses in China — an economy that's lately been a thorn in the side of so many companies — helped drive the quarter-over-quarter expansion. While there's been speculation that DuPont's water business is attracting interest from peers, management said the company has not had conversations about an outright sale. The range for operating EBITDA was raised to $3.06 billion to $3.11 billion, up from $2.9 billion to $3.05 billion previously. DuPont's third-quarter guidance of roughly $3.2 billion in sales, $815 million in operating EBITDA and adjusted EPS of $1.03 essentially matched expectations.
Persons: FactSet, EBITDA, DuPont's, Jim Cramer, , It's, Ed Breen, Breen, DuPont, there's, Jim Cramer's, Jim, Jim Graham Organizations: DuPont, PPG Industries, Club, Devices, Solutions, Federal Reserve, Wall, Electronics, Semi Tech, CNBC, Bloomberg, Getty Locations: China, Asia Pacific
Eaton and DuPont are both unconventional AI plays, as the data center market grows to meet the demands of the generative AI boom. Wells Fargo Investment Institute last month described rising data center demand as having positive "trickle-down effects" on the industrial sector. WFII wrote that spending from Big Tech firms into data centers, in particular, creates "meaningful downstream impacts" for industrial companies. Amazon Web Services is reportedly investing nearly $150 billion in data centers within the next 15 years to support AI efforts. During a Barclays investor conference in February, CFO Lori Koch said DuPont's data center and AI exposure will help boost the company's electronics business.
Persons: Eaton, Jensen Huang, Huang, chipmaker, Sameer Samana, WFII, Jim Cramer, Eaton's, DuPont, Lori Koch, Koch, Jim Cramer's Organizations: The, DuPont, Club, Nvidia, Wells, Wells Fargo Investment Institute, CNBC, Big Tech, , Microsoft, Services, McKinsey, workloads, Electrical, Management, Barclays, Wall Street, RBC Capital Markets, Eaton, RBC, U.S, De Nemours, DuPont's Electronics, Semiconductor Technologies, DuPont's Semiconductor Technologies, Jim Cramer's Charitable Locations: Wells Fargo, U.S, Eaton, China
While the recovery time may vary buy end market, it's important to note that on a consolidated basis, management does believe that the first quarter 2024 will represent the bottom. They expect to see a pickup in sales as we exit the second quarter of 2024. DD 1Y mountain DuPont 1 year Guidance Management's forecast for the current quarter (first quarter of fiscal 2024) was unchanged from what we got on the preannouncement. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Jim Cramer's, Jim Cramer, Jim, Jeff Fusco Organizations: DuPont, Electronics, DuPont's Semiconductor Technologies, Semiconductor Technologies, Industrial Solutions, Protection, Safety Solutions, Solutions, Management, CNBC Locations: China, Wilmington , Delaware
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