By Elias Schisgall

DuPont de Nemours lifted its outlook and plans to buy back $275 million of stock after swinging to a profit in the first quarter.

The materials and chemicals company said Tuesday it now expects full-year adjusted earnings of $2.35 to $2.40 a share, up from a range of $2.25 to $2.30. Net sales are projected between $7.16 billion and $7.22 billion, up from a range of $7.08 billion to $7.14 billion.

Analysts polled by FactSet are expecting adjusted earnings of $2.27 a share on sales of $7.10 billion.

The new guidance assumes about 4% organic growth, including 1% of pricing to offset the rise in input costs following the war in Iran, Chief Financial Officer Antonella Franzen said.

The company also said it will initiate an accelerated $275 million share repurchase, which is "expected to be launched immediately." This follows the company disclosing in November that its board approved a $2 billion stock buyback authorization, which included the accelerated repurchase of $500 million of shares.

DuPont reported a profit of $161 million, or 39 cents a share, compared with a loss of $589 million, or $1.40 a share, a year earlier.

The results include a three-cent-per-share contribution from discontinued operations related to DuPont's divestiture of its Aramids business, which closed on April 1.

Stripping out certain one-time items, the company reported adjusted earnings of 55 cents a share. Analysts polled by FactSet were expecting 48 cents a share.

Net sales rose to $1.68 billion, from $1.61 billion a year earlier. Analysts polled by FactSet were expecting $1.67 billion. Aiding the rise was a 2% increase in organic sales, and a 2% currency benefit.

For the current second quarter, the company said it expects adjusted earnings of around 59 cents a share on sales of about $1.8 billion.

Analysts are expecting adjusted earnings of 58 cents a share on $1.8 billion in sales, according to FactSet.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

May 05, 2026 06:00 ET (10:00 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.