Benzinga | May 4, 2021 06:05AM EDT

DuPont Raises FY21 Adj. EPS Guidance By $0.30 To $3.60-$3.75 vs $3.45 Est., Sees Sales $15.7B-$15.9B vs $15.6B Est.; Sees Q2 Adj. EPS $0.93-$0.95 vs $0.88 Est., Sales $3.925B-$4.025B vs $3.85B Est.

Second Quarter and Full Year 2021 Outlook

"With a strong start to the year, positive trends continuing in our key end-markets and confidence in our team's ability to navigate through global supply constraints, we are raising our guidance for the year for net sales, operating EBITDA and adjusted EPS," said Lori Koch, Chief Financial Officer of DuPont. "For full year 2021, we now estimate net sales to be between $15.7 billion and $15.9 billion and operating EBITDA between $3.98 billion and $4.08 billion. Our outlook for full year adjusted EPS is now in the range of $3.60 to $3.75 per share, an increase of $0.30 per share from our previous estimates."

"We also expect similar top-line trends continuing from first quarter into the second quarter coupled with slight escalation in raw materials and logistics costs. We expect second quarter of 2021 results to be up significantly versus the second quarter of last year with net sales estimated between $3.925 billion and $4.025 billion, operating EBITDA between $990 million and $1,010 million, and adjusted EPS between $0.93 and $0.95 per share."