DuPont — Nov 5, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001666700-24-000033
Showing in the filing
Estimated amortization expense of intangibles (per share)
“approximately $1.08 per share”
Period
FY2024
Measure
GAAP-tied
Source
Prose
All guidance in this release · 10
Net sales for Q4 FY2024
“about $3.070 billion”
Operating EBITDA for Q4 FY2024
“about $790 million”
Adjusted EPS for Q4 FY2024
“$0.98 per share”
Operating EBITDA for FY2024
“about $3.125 billion”
Adjusted EPS for FY2024
“$3.90 per share”
Net sales for FY2024
“about $12.365 billion”
Expected completion of Intended Business Sep…
“within 18 to 24 months of the announcement date”
Share repurchase program for FY2025
“$1 billion”
Estimated amortization expense of intangible… for FY2024
“about $595 million”
Estimated amortization expense of intangible… for FY2024
“approximately $1.08 per share”
Exhibit 99.1 · the passage around this item
… earlier in the release
Adjusted Earnings is the numerator used in the calculation of Adjusted EPS, as well as the denominator in Adjusted Free Cash Flow Conversion. Adjusted EPS is defined as Adjusted Earnings per common share - diluted. Management estimates amortization expense in 2024 associated with intangibles to be about $595 million on a pre-tax basis, or approximately $1.08 per share. The Company's measure of profit/loss for segment reporting purposes is Operating EBITDA as this is the manner in which the Company's chief operating decision maker ("CODM") assesses performance and allocates resources. The Company defines Operating EBITDA as earnings (i.e., “Income from continuing operations before income taxes") before interest, depreciation, amortization, non-operating pension / OPEB benefits / charges, and foreign exchange gains / losses, excluding Future Reimbursable Indirect Costs, and adjusted for significant items. Reconciliations of these measures are provided on the following pages. Operating EBITDA Margin is defined as Operating EBITDA divided by Net Sales. Incremental Margin is the change in Operating EBITDA divided by the change in Net Sales for the applicable period. Significant items are items that arise outside the ordinary course of the Company’s business that management believes may cause misinterpretation of underlying business performance, both historical and future, based on a combination of some or all of the item’s size, unusual nature and infrequent occurrence. Management classifies as significant items certain costs and expenses associated
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.