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DuPont Tyvek facility in Richmond receives ISCC+ certification

DuPont de Nemours Inc. (NYSE:DD) announced that its Tyvek manufacturing facility at Spruance’s Richmond plant has received International Sustainability and Carbon Certification (ISCC PLUS) certification.

The Spruance site is the second DuPont site to receive ISCC certification, following the Luxembourg manufacturing site in November 2023. This achievement demonstrates DuPont’s commitment to advancing its sustainability goals and developing capabilities to deliver Tyvek products made from sustainable raw materials worldwide.

Completing ISCC PLUS certification of Tyvek’s global product capabilities is a significant step in improving the company’s climate and circular economy sustainability goals. ISCC PLUS certification confirms a product’s sustainability across the entire supply chain, from raw material sourcing to manufacturing and distribution, applying the mass balance approach in a robust, transparent and credible manner.

One of the most important aspects of ISCC PLUS certification is that it enables a reduction in the carbon footprint of products and the gradual substitution of fossil fuel-based raw materials with more sustainable alternatives, while promoting the transition to a more circular economy.

Tyvek products protect and improve the lives of millions of people in the end markets the company serves, including packaging for healthcare, personal protection, construction, and a wide range of consumer and industrial applications. DuPont’s global integration of ISCC PLUS certification into Tyvek production coincides with the company’s commitment to supporting its customers on their journey to net-zero emissions.

DuPont shares rose 10.1 percent last year, while the industry average fell 10.3 percent.

Zacks Investment Research

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DuPont revised its 2024 financial outlook in its first quarter conference call and increased its forecasts for net sales, operating EBITDA and adjusted earnings per share. For the full year 2024, the company expects net sales of approximately $12.25 billion, operating EBITDA of approximately $2.975 billion and adjusted earnings per share of approximately $3.60 per share, based on the midpoint of the updated forecast.

For the second quarter of 2024, DuPont expects sequential improvement in sales and earnings due to favorable seasonal factors, a continued recovery in the electronics sector and a decline in channel inventories in industrial-based end markets such as water and medical packaging.

For the second half of 2024, the company expects year-on-year revenue and profit growth, driven by the continued recovery of the electronics market and a return to volume growth in the water and protection segment.

Zacks Ranking and Important Tips

DD currently has a Zacks Rank of 3 (Hold).

The better-rated stocks in the basic materials sector include Carpenter Technology Corporation, Ecolab Inc. (NYSE:ECL) and Kronos Worldwide, Inc. (NYSE: KRO).

Carpenter Technology currently has a Zacks Rank #1 (Strong Buy). CRS has beaten the Zacks Consensus Estimate in each of the trailing four quarters, with the average earnings surprise coming in at 15.1%. The company’s shares have gained 94.2% over the past year.

The Zacks Consensus Estimate for Ecolab’s current year earnings is $6.59 per share, up 26.5% from the prior year. ECL, a Zacks Rank #2 (Buy) stock, has beaten the consensus estimate in each of the trailing four quarters, with the average earnings surprise coming in at 1.3%. The company’s shares have gained about 31.9% over the past year.

Kronos Worldwide currently has a Zacks Rank of 2. KRO is expected to post an earnings growth rate of 297.7% for the current year. The company’s shares have risen by about 37.3% over the past year.

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