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HOME SELLER PROFIT MARGINS DROP SLIGHTLY ACROSS U.S. AS HOUSING MARKET SLOWS DURING THIRD QUARTER

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Returns on Typical U.S. Home Sales Remain High but Dip Down Quarterly and Annually;Typical Margin at 56 percent as Median U.S. Home Price Levels Out Over Summer; Median Raw Profits Hold Steady at Just Under $130,000

IRVINE, Calif., Oct. 17, 2024 /PRNewswire/ — ATTOM, a leading curator of land, property data, and real estate analytics, today released its third-quarter 2024 U.S. Home Sales Report, which shows that homeowners earned a 55.6 percent profit margin on typical single-family home and condo sales in the United States during the third quarter. That figure was down by small amounts both quarterly and annually, dipping by one percentage point from the second quarter of 2024 and two points from the third quarter of last year.

The nationwide investment return ticked downward as home-price spikes that had buoyed the housing market during the Spring of this year flattened out, leaving the U.S. median home value virtually unchanged at about $360,000. While home-seller profits remain historically high, the national margin has declined almost every quarter from a 64 percent peak hit in 2022.

The leveling off of prices during the third quarter also led to typical raw profits for sellers staying about the same, near an all-time high of just under $130,000.

“The latest price and profit numbers provided another round of generally good news for homeowners, tempered by a bit of a downside,” said Rob Barber, CEO for ATTOM. “Home values remained at or near record levels around large swaths of the country, keeping seller profits far above historical levels. At the same time, though, the housing market settled down after a big second quarter, which extended a slow fallback in profit margins that started last year. If history is a good guide, the fourth quarter is likely to bring more of the same as the peak buying season ends.”

He added that “this is far from a warning sign that the long market boom is ending. But there certainly are forces that could cut either way, especially as affordability remains a challenge for so many potential buyers.”

Profit margins slip quarterly in half of U.S. and annually in three-quarters of nation
Typical profit margins – the percent difference between median purchase and resale prices – stayed the same or decreased from the second quarter of 2024 to the third quarter of 2024 in 79 (50.6 percent) of the 156 metropolitan statistical areas around the U.S. with sufficient data to analyze. They were down annually in 112, or 71.8 percent, of those metros, and down in about the same portion since the second quarter of 2022, when the nationwide return on median-priced home sales peaked at 64.3 percent.

Profit margins have softened over the past year throughout all price segments of the market, from metro areas where home values mostly sit below $250,000 to those where they top $450,000. But the low end of the market has fared a bit better. Typical margins decreased annually in about 60 percent of the least expensive metro areas compared to about 75 percent elsewhere.

The biggest year-over-year decreases in typical profit margins during the third quarter of 2024 came in the metro areas of San Francisco, CA (margin down from 84.9 percent in the third quarter of 2023 to 61.4 percent in the third quarter of 2024); Punta Gorda, FL (down from 94.1 percent to 74.4 percent); Scranton, PA (down from 88.2 percent to 69.6 percent); South Bend, IN (down from 77.3 percent to 59.2 percent) and Hilo, HI (down from 86.5 percent to 70.5 percent).

Aside from San Francisco, the biggest annual profit-margin decreases in metro areas with a population of at least 1 million in the third quarter of 2024 were in Austin, TX (typical return down from 44.3 percent to 33.3 percent); Honolulu, HI (down from 53.9 percent to 43.3 percent); Riverside, CA (down from 78.6 percent to 69 percent) and Birmingham, AL (down from 52.1 percent to 42.7 percent).

The biggest annual improvements in returns on investment came in Trenton, NJ (margin up from 65.5 percent in the third quarter of 2023 to 87.4 percent in the third quarter of 2024); Albany, NY (up from 31.8 percent to 51.6 percent); Rockford, IL (up from 54.5 percent to 70.2 percent); Rochester, NY (up from 66.7 percent to 81.2 percent) and Evansville, IN (up from 47.2 percent to 61.7 percent).

Two-thirds of metro markets enjoying investment returns above 50 percent
Despite the downward trend, returns on investment for median-priced home sales during the third quarter of 2024 still surpassed 50 percent in 107 of the metro areas analyzed (68.6 percent). That was down from three quarters of those areas in the third quarter of last year but far above the level of 13 percent five years ago.

The leaders among areas with a population of at least 1 million in the third quarter of this year were San Jose, CA (typical return of 109.8 percent); Seattle, WA (90.3 percent); Providence, RI (84.6 percent); Miami, FL (83.9 percent) and Grand Rapids, MI (81.9 percent).

The lowest among areas with a population of at least 1 million were in New Orleans, LA (24.8 percent); San Antonio, TX (25.1 percent); Austin, TX (33.3 percent); Houston, TX (37.3 percent) and Dallas, TX (37.4 percent).

Raw profits remain near record level
The raw profit on median-priced home sales nationwide, measured in dollars, slipped 0.9 percent during the months running from July through September of this year, to $128,700. But it was still up 2.7 percent from the third quarter of 2023 and remained near the record of $135,000 hit in 2022.

Typical raw profits were flat or down quarterly in 74, or 47.4 percent, of the markets analyzed. Despite the nationwide year-over-year gain, raw profits were the same or down annually in 82, or 52.6 percent of those metro areas.

The biggest year-over-year increases in raw profits on typical sales among metro areas with a population of at least 1 million were in Rochester, NY (up 24.4 percent); Cleveland, OH (up 23.5 percent); Providence, RI (up 18.9 percent); Chicago, IL (up 18.8 percent) and Cincinnati, OH (up 15 percent).

Raw profits on median-priced sales exceeded $100,000 during the third quarter in 67.3 percent of the metro areas analyzed, with 19 of the top 20 along the east or west coasts. They were led by San Jose, CA (raw profit of $785,000); San Francisco, CA ($380,600); San Diego, CA ($377,000); Los Angeles, CA ($376,000) and Barnstable, MA ($361,968).

The 25 lowest raw profits were all in the Midwest or South. The smallest were in Beaumont, TX ($15,481); Lubbock, TX ($29,740); Montgomery. AL ($35,590); Macon, GA ($37,692) and McAllen, TX ($40.312).

National median home value stalls in Summer of 2024, but still at all-time high
Nationwide, the median price of single-family homes and condos rose from the second to the third quarter of 2024 by just 0.2 percent after spiking 7.4 percent in the Spring. But it still hit a new record of $360,500, up from $359,900 in the prior three-month period. The latest median was up 5.3 percent from $342,500 in the third quarter of last year.

The typical value increased quarterly in 52.5 percent of the metro areas around the country with enough data to analyze and annually in 81.6 percent. It hit new highs during the third quarter in 50 percent of those markets.

Metro areas in upper half of the U.S. market, concentrated in the West and South regions, suffered the largest quarterly price declines. About two-thirds of those locations, with typical values of at least $350,000, absorbed losses. Measured annually, the best gains came in low-priced areas, clustered more in the Midwest and Northeast.

Markets with a population of at least 1 million and the biggest quarterly decreases in median home prices were San Francisco, CA (down 11.1 percent from the second to the third quarter of this year, to $1 million); Austin, TX (down 10.5 percent, to $425,000); New Orleans, LA (down 6.6 percent, to $242,900); San Jose, CA (down 6.1 percent, to $1.5 million) and Indianapolis, IN (down 4.2 percent, to $263,560).

The largest annual median-price increases in metro areas with a population of at least 1 million were in Rochester, NY (up 11.1 percent from the third quarter of 2023 to the third quarter of 2024, to $250,000); Providence, RI (up 10.3 percent, to $480,000); Hartford, CT (up 9.6 percent, to $367,000); Detroit, MI (up 9.4 percent, to $255,000) and Cleveland, OH (up 9.4 percent, to $221,000).

Historical Median Home Sales Prices 

Homeowners staying longer before selling
Homeowners who sold in the third quarter of 2024 had owned their homes an average of 8.09 years. That was up from 7.82 years in the second quarter of 2024 and from 7.74 years in the third quarter of 2023, marking the fifth increase in the last six quarters.

Average tenure was up from the third quarter of 2023 to the same period this year in 82 percent of metro areas with sufficient data. The largest annual increases were in Peoria, IL (tenure up 15 percent); Crestview, FL (up 14 percent); Medford, OR (up 14 percent); Salinas, CA (up 11 percent) and Fort Collins, CO (up 10 percent).

The longest average tenures for owners who sold in the third quarter were again in the Northeast or West regions of the U.S. They were led by Barnstable, MA (13.84 years); Bridgeport, CT (13.23 years); New Haven, CT (12.81 years); Hartford, CT (12.81 years) and San Francisco, CA (12.69 years).

Average U.S. Homeownership Tenure

The shortest average tenures among third-quarter sellers were in Provo, UT (6.62 years); Oklahoma City, OK (6.69 years); Lakeland, FL (6.81 years); San Antonio, TX (6.83 years) and Austin, TX (6.87 years).

Lender-owned foreclosures still decreasing
Home sales following foreclosures by banks and other lenders represented just 1.3 percent, or one of every 78 U.S. single-family home and condo sales in the third quarter of 2024. That was down from 1.4 percent in both the second quarter of 2024 and the third quarter of last year. The portion continues to represent just a tiny fraction of the 30.1 percent peak this century hit in 2009 during the aftermath of the Great Recession of 2007.

Among metro areas with sufficient data, those where REO sales represented the largest portion of all sales in the third quarter of 2024 included Honolulu (7.5 percent); Albany, NY (4.9 percent); Flint, MI (4.7 percent); Macon, GA (4.6 percent) and St. Louis, MO (3.6 percent).

Cash sales drop as portion of all transactions
Nationwide, all-cash sales accounted for 37.2 percent of single-family home and condo sales in the third quarter of 2024. That was down from 38.9 percent in the second quarter of 2024, although up slightly from 36.9 percent in the third quarter of last year.

Among metropolitan areas with sufficient data, those where all-cash sales represented the largest share of all transactions in the third quarter of 2024 included Myrtle Beach, SC (69 percent of all sales); Claremont–Lebanon, NH (64.8 percent); Macon, GA (59.9 percent); Warner Robins, GA (58.3 percent) and Hilton Head, SC (58 percent).

Those where cash sales represented the smallest share of all transactions in the third quarter of 2024 included Greeley, CO (15.7 percent); Hagerstown, MD (19.6 percent); Jacksonville, NC (21.6 percent); Washington, DC (22.2 percent) and Kennewick, WA (22.3 percent).

Institutional investment decreases again
Institutional investors nationwide accounted for 6 percent, or one of every 17 single-family home and condo sales in the third quarter of 2024. That was down from 6.2 percent in the second quarter of 2024 and from 6.6 percent in the third quarter of last year.

Among states with enough data to analyze, those with the largest percentages of sales to institutional investors in the third quarter of 2024 included Alabama (9.1 percent of all sales), Tennessee (8.9 percent), Oklahoma (8.4 percent), Georgia (8.2 percent) and Texas (8.1 percent).

Historical Home Sales by Type

FHA-financed purchases stay roughly the same
Nationwide, buyers using Federal Housing Administration (FHA) loans comprised 8.4 percent of all single-family home and condo sales in the third quarter of 2024 (one of every 12). That was about the same as the 8.2 percent level in second quarter of 2024 and down slightly from 8.7 percent a year earlier.

Among metropolitan areas with sufficient FHA-buyer data, those with the highest levels of FHA sales in the third quarter of 2024 included Lakeland, FL (24.1 percent of all sales); Merced, CA (23.5 percent); Bakersfield, CA (21.7 percent); Yuma, AZ (20.6 percent) and Visalia, CA (19.6 percent).

Report methodology
The ATTOM U.S. Home Sales Report provides percentages of REO sales and all sales that are sold to institutional investors and cash buyers, at the state and metropolitan statistical area. Data is also available at the county and zip code level, upon request. The data is derived from recorded sales deeds, foreclosure filings and loan data. Statistics for previous quarters are revised when each new report is issued as more deed data becomes available.

Definitions
All-cash purchase: sale where no loan is recorded at the time of sale and where ATTOM has coverage of loan data.

Homeownership tenure: for a given market and given quarter, the average time between the most recent sale date and the previous sale date, expressed in years.

Home seller price gains: the difference between the median sales price of homes in a given market in a given quarter and the median sales price of the previous sale of those same homes, expressed both in a dollar amount and as a percentage of the previous median sales price.

Institutional investor purchases: residential property sales to non-lending entities that purchased at least 10 properties in a calendar year.

REO sale: a sale of a property that occurs while the property is actively bank owned (REO).

About ATTOM 
ATTOM provides premium property data and analytics that power a myriad of solutions that improve transparency, innovation, digitization and efficiency in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation’s population. A rigorous data management process involving more than 20 steps validates, standardizes, and enhances the real estate data collected by ATTOM, assigning each property record with a persistent, unique ID — the ATTOM ID. The 30TB ATTOM Data Warehouse fuels innovation in many industries including mortgage, real estate, insurance, marketing, government and more through flexible data delivery solutions that include ATTOM Cloud, bulk file licenses, property data APIs, real estate market trends, property navigator and more. Also, introducing our newest innovative solution, making property data more readily accessible and optimized for AI applications – AI-Ready Solutions. 

Media Contact:
Megan Hunt
megan.hunt@attomdata.com 

Data and Report Licensing:
datareports@attomdata.com

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Four Wheel Campers Adds External Power Ports as a Standard Feature in All Flatbed and Slide-In Campers

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January 16, 2025

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WOODLAND, Calif., Jan. 15, 2025 /PRNewswire/ — Four Wheel Campers, a leader in camper innovation, is excited to announce that external power ports are now standard in all flatbed and slide-in pop-up truck camper models. This new feature enhances the functionality of the campers, making it easier than ever for adventurers to stay powered while exploring the great outdoors.

Stay Connected and Powered Anywhere

The addition of external power ports equips every flatbed and slide-in camper with multiple charging and power options to suit a variety of needs:

12 Volt DC Power for Starlink: Efficiently power your Starlink setup through the external DC port, ensuring reliable internet access no matter where your adventures take you.120 Volt AC Power: Charge essential gear or operate your induction stove seamlessly with 120V AC power outlets.USB and USB-C Ports: Keep small devices like phones, tablets, and cameras charged and ready to go with convenient USB and USB-C ports.

Innovation Meets Convenience

Four Wheel Campers is committed to delivering features that elevate the overlanding experience for customers. By making external power ports standard, the company ensures that adventurers have the power solutions they need for a connected and comfortable journey. These ports are designed to provide efficient power for Starlink setups, essential gear, and small devices, making every trip more convenient and enjoyable.

Designed for Modern Overlanders

The external power ports are seamlessly integrated into the camper’s design, offering reliable performance while maintaining the sleek, classic look that Four Wheel Campers is known for. These ports enhance the convenience of the campers, aligning with Four Wheel Campers’ mission to innovate and provide exceptional outdoor solutions.

Available Now

The new external power ports are included as a standard feature in all flatbed and slide-in camper models and are available immediately. Customers can learn more by visiting the Four Wheel Campers website or reaching out to their local dealer.

About Four Wheel Campers

Founded in 1972, Four Wheel Campers has been at the forefront of the overlanding industry, specializing in innovative pop-up campers designed to fit just about any truck on the market. Known for their exceptional craftsmanship, reliability, and customer-focused approach, Four Wheel Campers enables adventurers to maximize their trucks’ potential for confident and convenient exploration of the great outdoors.

Media Contact: 

Sarah Daniels
Communications and Events Manager
Four Wheel Campers
sarah@fourwh.com
Four Wheel Campers – Pop Up Truck Camper Leader Since 1972

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SOURCE Four Wheel Campers

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GAIMIN Achieves ISO Certification, Setting a New Benchmark in the DePIN Industry

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January 15, 2025

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ZUG, Switzerland, Jan. 15, 2025 /CNW/ – GAIMIN, a global leader in decentralized computing and blockchain technology, proudly announces its ISO certification achievement. This milestone establishes GAIMIN publicly as one of the very few—if not the first—Decentralized Physical Infrastructure Network (DePIN) companies to receive such a globally recognized standard, underscoring its commitment to security, quality, and operational excellence.

Pioneering Standards in Decentralized Computing

The International Organization for Standardization (ISO) certification is a hallmark of excellence, demonstrating compliance with stringent global standards. For GAIMIN, this certification validates its efforts to build a secure, scalable, and reliable decentralized infrastructure that transforms the gaming and blockchain industries.

“This ISO certification underscores our position as a trailblazer in the DePIN sector. It reflects our unyielding commitment to building secure, reliable, and innovative solutions that redefine decentralized infrastructure and inspire confidence among our partners and users,” said Martin Speight, CEO of GAIMIN. “This accomplishment sets a new standard for decentralized networks and positions us as a trusted organization for enterprises, developers, and gamers worldwide.”

What the Certification Means for GAIMIN and the Industry

GAIMIN’s ISO certification reflects the rigorous adherence to the international standards of ISO 27001 (Information Security Management Systems). This certification reinforces:

Enhanced Security: Ensuring robust protection of user data and decentralized operations.Operational Excellence: Delivering reliable and high-performing services across GAIMIN’s platforms.Global Trust: Assuring partners, users, and stakeholders that GAIMIN operates with the highest professionalism and care.

In an industry often associated with unregulated ecosystems, GAIMIN’s certification sets a precedent, highlighting the importance of compliance and accountability in decentralized infrastructures.

A Milestone for the DePIN Ecosystem

As a pioneer in the DePIN space, GAIMIN’s achievement marks a significant advancement for the industry and sets a standard for other players. Decentralized Physical Infrastructure Networks are at the forefront of technological innovation, leveraging distributed computing resources to power applications across gaming, AI, and blockchain. By obtaining ISO certification, GAIMIN elevates the credibility and viability of DePINs, paving the way for wider adoption and integration.

This accomplishment also positions GAIMIN as a benchmark for emerging companies in the DePIN space, urging the industry to prioritize security, efficiency, and quality.

What’s Next for GAIMIN?

The ISO certification is only the beginning of GAIMIN’s ambitious roadmap. Building on this foundation, the company plans to:

Expand Partnerships: Leverage its certification to collaborate with global leaders in the gaming, blockchain, and cloud technology sectors.Enhance User Experience: Roll out new features and improvements across its platforms to ensure seamless and secure user interactions.Drive Innovation: Invest in cutting-edge research to advance decentralized computing, AI tools, and blockchain gaming ecosystems.Scale Globally: Strengthen its presence in international markets, attracting more users and developers to its secure, ISO-certified infrastructure.

“This milestone signifies not only GAIMIN’s dedication to excellence but also its role as a trailblazer in shaping the future of decentralized technology,” Speight added. “We’re committed to setting the highest standards for ourselves and inspiring the industry to follow suit.”

About GAIMIN

GAIMIN is a tech ecosystem revolutionizing decentralized computing by enabling gamers to monetize their idle computing power, providing a vast resource base to supply the global demand for cloud computing. Its platform supports a robust ecosystem that includes blockchain-powered applications, AI-powered tools, and tokenized rewards, all underpinned by a secure and scalable infrastructure. With its ISO certification, GAIMIN reinforces its mission to deliver innovative and reliable solutions to its global community.

Media Contact

Andrew Faridani
Chief Marketing Officer (CMO)
andrew@gaimin.io

GAIMIN
Email: info@gaimin.io
Phone: +41 41 711 9325
Website: https://www.gaimin.io/

For editors: GAIMIN’s achievement is a landmark event for the DePIN sector. For interviews, images, or further information, please contact the media team directly: andrew@gaimin.io

SOURCE Gaimin

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DuPont Provides Update on Separation Plans, Reaffirms Financial Guidance

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January 15, 2025

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Accelerates the tax-free spin-off of its Electronics business, now targeting November 1, 2025DuPont to retain the Water business within its portfolioReaffirms fourth quarter and full year 2024 net sales, operating EBITDA and adjusted EPS financial guidance ahead of its February 11th earnings call

WILMINGTON, Del., Jan. 15, 2025 /PRNewswire/ — DuPont (NYSE:DD) today announced the acceleration of the separation of its Electronics business and is now targeting November 1, 2025 to complete the transaction. This decision recognizes the size and importance of Electronics to the overall shareholder value creation opportunity and DuPont’s desire to complete the separation as quickly as possible.

Additionally, DuPont no longer intends to separate its Water business. The company evaluated all strategic alternatives and concluded the best path to generate value is for the Water business to remain in the DuPont portfolio. This also enhances DuPont’s ability to continue optimizing its portfolio following the Electronics separation.

“We remain confident in the opportunity to create significant shareholder value through the separation of the Electronics business,” said Ed Breen, DuPont Executive Chairman. “Achieving an independent Electronics company as soon as possible is the right decision for our shareholders.”

“We remain excited about the value creation opportunity for DuPont following the Electronics separation,” added Lori Koch, DuPont Chief Executive Officer. “The decision for Water to remain with DuPont provides the new organization with greater strategic flexibility over time and another high growth business alongside Healthcare. We continue to have conviction in the attractive outlook for Water and expect 2025 to be a strong year for the business.” 

Reaffirms Fourth Quarter and Full Year 2024 Financial Outlook

DuPont reaffirms its fourth quarter and full year 2024 financial guidance for net sales, operating EBITDA and adjusted EPS as provided on November 5, 2024 as part of its third quarter earnings release, including the expected continued improved performance in Water.

About DuPont
DuPont (NYSE: DD) is a global innovation leader with technology-based materials and solutions that help transform industries and everyday life. Our employees apply diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, construction, water, healthcare and worker safety. More information about the company, its businesses and solutions can be found at www.dupont.com. Investors can access information included on the Investor Relations section of the website at investors.dupont.com.

DuPont™ and all products, unless otherwise noted, denoted with ™, SM or ® are trademarks, service marks or registered trademarks of affiliates of DuPont de Nemours, Inc.

Overview
On May 22, 2024, DuPont announced a plan to separate each of its Electronics and Water businesses in a tax-free manner to its shareholders. On January 15, 2025, DuPont announced it is targeting November 1, 2025, for the completion of the intended separation of the Electronics business (the “Intended Electronics Separation”). DuPont also announced that it would retain the Water business.

The Intended Electronics Separation will not require a shareholder vote and is subject to satisfaction of customary conditions, including final approval by DuPont’s Board of Directors, receipt of tax opinion from counsel, the filing and effectiveness of a Form 10 registration statement with the U.S. Securities and Exchange Commission, applicable regulatory approvals and satisfactory completion of financing. 

Cautionary Statement Regarding Forward Looking Statements
This communication contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “target, “outlook,” “stabilization,” “confident,” “preliminary,” “initial,” and similar expressions and variations or negatives of these words. All statements, other than statements of historical fact, are forward-looking statements, including statements regarding outlook, expectations and guidance. Forward-looking statements address matters that are, to varying degrees, uncertain and subject to risks, uncertainties, and assumptions, many of which that are beyond DuPont’s control, that could cause actual results to differ materially from those expressed in any forward-looking statements.

Forward-looking statements are not guarantees of future results. Some of the important factors that could cause DuPont’s actual results to differ materially from those projected in any such forward-looking statements include, but are not limited to: (i) the ability of DuPont to effect the Intended Electronics Separation and to meet the conditions related thereto; (ii) the possibility that the Intended Electronics Separation will not be completed within the anticipated time period or at all; (iii) the possibility that the Intended Electronics Separation will not achieve its intended benefits; (iv) the impact of Intended Electronics Separation on DuPont’s businesses and the risk that the separation may be more difficult, time-consuming or costly than expected, including the impact on DuPont’s resources, systems, procedures and controls, diversion of management’s attention and the impact and possible disruption of existing relationships with customers, suppliers, employees and other business counterparties; (v) the possibility of disruption, including disputes, litigation or unanticipated costs, in connection with the Intended Electronics Separation; (vi) the uncertainty of the expected financial performance of DuPont or the separated company following completion of the Intended Electronics Separation; (vii) negative effects of the announcement or pendency of the Intended Electronics Separation on the market price of DuPont’s securities and/or on the financial performance of DuPont; (viii) the ability to achieve anticipated capital structures in connection with Intended Electronics Separation, including the future availability of credit and factors that may affect such availability; (ix) the ability to achieve anticipated credit ratings in connection with the Intended Electronics Separation; (x) the ability to achieve anticipated tax treatments in connection with the Intended Electronics Separation and completed and future, if any, divestitures, mergers, acquisitions and other portfolio changes and the impact of changes in relevant tax and other laws; (xi) risks and uncertainties related to the settlement agreement concerning PFAS liabilities reached June 2023 with plaintiff water utilities by Chemours, Corteva, EIDP and DuPont; (xii) risks and costs related to each of the parties respective performance under and the impact of the arrangement to share future eligible PFAS costs by and among DuPont, Corteva and Chemours, including the outcome of any pending or future litigation related to PFAS or PFOA, including personal injury claims and natural resource damages claims; the extent and cost of ongoing remediation obligations and potential future remediation obligations; and changes in laws and regulations applicable to PFAS chemicals; (xiii) indemnification of certain legacy liabilities; (xiv) the failure to realize expected benefits and effectively manage and achieve anticipated synergies and operational efficiencies in connection with the Intended Electronics Separation and completed and future, if any, divestitures, mergers, acquisitions, and other portfolio management, productivity and infrastructure actions; (xv) the risks and uncertainties, including increased costs and the ability to obtain raw materials and meet customer needs from, among other events, pandemics and responsive actions; (xvi) timing and recovery from demand declines in consumer-facing markets, including in China; (xvii) adverse changes in worldwide economic, political, regulatory, international trade, geopolitical, capital markets and other external conditions; and other factors beyond DuPont’s control, including inflation, recession, military conflicts, natural and other disasters or weather-related events, that impact the operations of DuPont, its customers and/or its suppliers; (xviii) the ability to offset increases in cost of inputs, including raw materials, energy and logistics; (xix) the risks associated with demand and market conditions in the semiconductor industry and associated end markets, including from continuing or expanding trade disputes or restrictions, including on exports to China of U.S.-regulated products and technology; (xx) the risks, including ability to achieve, and costs associated with DuPont’s sustainability strategy, including the actual conduct of DuPont’s activities and results thereof, and the development, implementation, achievement or continuation of any goal, program, policy or initiative discussed or expected; (xxi) other risks to DuPont’s business and operations, including the risk of impairment; (xxii) the possibility that DuPont may fail to realize the anticipated benefits of the $1 billion share repurchase program announced on February 6, 2024 and that the program may be suspended, discontinued or not completed prior to its termination on June 30, 2025; (xxiii) the risks associated with the termination of the previously announced plan to separate DuPont’s Water business; and (xxiv) other risk factors discussed in DuPont’s most recent annual report and subsequent current and periodic reports filed with the U.S. Securities and Exchange Commission. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business or supply chain disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on DuPont’s consolidated financial condition, results of operations, credit rating or liquidity. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. DuPont assumes no obligation to publicly provide revisions or updates to any forward-looking statements whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.

Non-GAAP Financial Measures
Operating EBITDA and adjusted EPS are considered non-GAAP financial measures. DuPont’s management believes these non-GAAP financial measures are useful to investors because they provide additional information related to the ongoing performance of DuPont to offer a more meaningful comparison related to future results of operations. For more information on how DuPont defines and uses these measures, please see “Non-GAAP Financial Measures” in the Investor Overview presentation available in the Investors section of  www.dupont.com.

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SOURCE DuPont

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