Technology
DuPont Reports Second Quarter 2026 Results
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2 hours agoon
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Exceeds Second Quarter 2026 Guidance
Raises Full Year 2026 Guidance
Second Quarter 2026 Highlights
Net Sales of $1.8 billion increased 4%; organic sales increased 4% versus year-ago periodGAAP Income from continuing operations of $191 million; operating EBITDA of $448 millionGAAP EPS from continuing operations of $1.37; adjusted EPS of $1.88Cash provided by operating activities from continuing operations of $400 million; transaction-adjusted free cash flow of $326 million representing 127% conversionAnnounces intent to repurchase $250 million of shares in the third quarterAnnounces the Company’s Global Industry Classification Standard (GICS) code has changed to Industrials effective July 31, 2026
WILMINGTON, Del., Aug. 4, 2026 /PRNewswire/ — DuPont (NYSE: DD) announced its financial results(1) for the second quarter ended June 30, 2026 and raised financial guidance for the full year 2026.
“We delivered another strong quarter, exceeding our financial guidance and demonstrating our focus on consistent execution” said Lori Koch, DuPont Chief Executive Officer. “Mid-single digit organic growth, strong margin expansion, coupled with robust adjusted EPS growth and free cash flow generation underscore the strength of our market-leading businesses and reflect disciplined execution of our strategic priorities, supported by our ongoing focus on excellence and productivity.”
“We are delivering on our commitments, creating value for all of our key stakeholders and further strengthening the foundation for sustainable, long-term profitable growth,” Koch concluded.
Second Quarter 2026 Consolidated Results(1)
Dollars in millions, except EPS
2Q’26
2Q’25
Change
vs. 2Q’25
Organic Sales (2)
vs. 2Q’25
Net sales
$1,819
$1,749
4 %
4 %
GAAP Income from continuing operations
$191
$24
n.m.
Operating EBITDA(2)
$448
$423
6 %
Operating EBITDA margin(2) %
24.6 %
24.2 %
40 bps
GAAP EPS from continuing operations
$1.37
$0.17
n.m.
Adjusted EPS(2)
$1.88
$1.27
48 %
Cash provided by operating activities – cont. ops.
$400
$74
n.m.
Transaction-adjusted free cash flow(2)
$326
$107
205 %
Net sales
Net sales were up 4% on a 4% increase in organic sales.4% organic sales growth in Healthcare & Water Technologies; 3% organic sales growth in Diversified Industrials.
GAAP Income from continuing operations
GAAP Income/GAAP EPS from continuing operations improved on higher segment earnings and lower interest expense and transaction costs.
Operating EBITDA
Operating EBITDA increased on organic growth and productivity.
Adjusted EPS
Adjusted EPS increased on higher segment earnings, lower net interest expense and a lower tax rate.
Cash provided by operating activities from continuing operations
Cash provided by operating activities from continuing operations in the quarter of $400 million, capital expenditures of $76 million and separation-related transaction costs and other payments of $2 million resulted in transaction-adjusted free cash flow and related conversion of $326 million and 127%, respectively.
(1)
Results and cash flows are presented on a continuing operations basis. See page 6 for further information, including the basis of presentation included in this release.
(2)
Organic sales, operating EBITDA, operating EBITDA margin, adjusted EPS, transaction-adjusted free cash flow and transaction-adjusted free cash flow conversion are non-GAAP measures and only reflect continuing operations. See page 6 for further discussion, including a definition of significant items. Reconciliation to the most directly comparable GAAP measure, including details of significant items begins on page 13 of this communication.
Second Quarter 2026 Segment Highlights
Healthcare & Water Technologies
Dollars in millions
2Q’26
2Q’25
Change
vs. 2Q’25
Organic Sales(2)
vs. 2Q’25
Net sales
$856
$817
5 %
4 %
Operating EBITDA
$258
$248
4 %
Operating EBITDA margin %
30.1 %
30.4 %
(30) bps
Net sales
Net sales increased 5% on organic sales growth of 4% and a currency benefit of 1%.Healthcare Technologies sales up mid-single digits on an organic basis on broad-based growth led by personal protection and biopharma.Water Technologies sales up low-single digits on an organic basis on continued strength in industrial water and semiconductor markets, partially offset by weakness in the Middle East.
Operating EBITDA
Operating EBITDA increased on organic growth and productivity, partially offset by growth investments.Operating EBITDA margin of 30.1% decreased 30 basis points as organic growth and productivity were more than offset by less favorable mix and growth investments.
Diversified Industrials
Dollars in millions
2Q’26
2Q’25
Change
vs. 2Q’25
Organic Sales(2)
vs. 2Q’25
Net sales
$963
$932
3 %
3 %
Operating EBITDA
$213
$199
7 %
Operating EBITDA margin %
22.1 %
21.4 %
70 bps
Net sales
Net sales increased 3% on organic sales growth in the quarter.Building Technologies sales up low-single digits on an organic basis due to growth in residential and non-residential construction markets.Industrial Technologies sales up mid-single digits on an organic basis on continued strength in aerospace coupled with growth in electric vehicle applications.
Operating EBITDA
Operating EBITDA and margin increased on organic growth, favorable mix and productivity.
2026 Financial Outlook
Dollars in millions, except EPS
2H’26E
Full Year 2026E
Net sales
$3,660 – $3,690
$7,160 – $7,190
Operating EBITDA(2)
$890 – $910
$1,750 – $1,770
Adjusted EPS(2)
$3.65 – $3.80
$7.17 – $7.32
“Our strong execution and market-driven growth continue to translate into higher earnings and free cash flow generation. As a result of our second quarter outperformance, we are again raising the midpoint of our full-year 2026 operating EBITDA guidance to approximately $1.76 billion and adjusted EPS guidance to $7.24 per share, while increasing our expectation for organic sales growth to slightly above 4%,” said Antonella Franzen, DuPont Chief Financial Officer.
“With continued strength across healthcare, industrial water, and aerospace end-markets, we expect mid-single digit organic sales growth in the second half and remain focused on driving profitable growth and value creation for shareholders.” Franzen concluded.
Conference Call
The Company will host a live webcast of its quarterly earnings conference call with investors to discuss its results and business outlook beginning today at 8:00 a.m. ET. The slide presentation that accompanies the conference call will be posted on the DuPont’s Investor Relations Events and Presentations page. A replay of the webcast also will be available on the DuPont’s Investor Relations Events and Presentations page following the live event.
About DuPont
DuPont (NYSE: DD) is a global innovation leader, providing advanced solutions that help transform industries and improve everyday life across our key markets of healthcare, water, construction, and industrial. 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.
DuPontTM and all products, unless otherwise noted, denoted with TM, SM or ® are trademarks, service marks or registered trademarks of affiliates of DuPont de Nemours, Inc.
Overview
On May 26, 2026, DuPont’s Board of Directors announced a reverse stock split of the Company’s common stock, par value $0.01 per share, at a ratio of 1-for-3, as well as a reduction in the number of authorized shares of its common stock by a corresponding ratio (the “Reverse Stock Split”), as approved by shareholders. The Reverse Stock Split became effective on June 24, 2026. All share and share-related information presented in these interim Consolidated Financial Statements has been retroactively adjusted in all periods presented to reflect the decreased number of shares resulting from the Reverse Stock Split and related impacts.
On April 1, 2026, DuPont completed the sale of the Aramids business (the “Aramids Business” and the divestiture of the Aramids Business, the “Aramids Divestiture”) to Arclin, a portfolio company of an affiliate of TJC LP for pre-tax cash proceeds of approximately $1.2 billion, subject to customary transaction adjustments, a note receivable in the principal amount of $300 million (the “Aramids Note Receivable”) and a non-controlling common equity interest (the “Aramids Equity Consideration”), valued at $325 million, in New Arclin U.S. Holding Corp., which now owns the Arclin global materials business and the Aramids Business. The financial results of the divested Aramids Business are reflected in DuPont’s interim Consolidated Financial Statements as discontinued operations, along with comparative periods.
On November 1, 2025, DuPont completed the separation of its semiconductor and interconnect solutions businesses (the “Electronics Business” and the separation of the Electronics Business, the “Electronics Separation”) into an independent public company, Qnity Electronics, Inc. (“Qnity”), by way of the distribution to DuPont’s stockholders of record as of October 22, 2025 of all the issued and outstanding common stock of Qnity on November 1, 2025 (the “Qnity Distribution”). As a result, the financial results of the divested Electronics Business are reflected in DuPont’s interim Consolidated Financial Statements as discontinued operations for all periods.
Cautionary Statement Regarding Forward-looking Statements
Certain statements in this release may be considered 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 (the “Exchange Act”). Forward-looking statements often contain words such as “expect”, “anticipate”, “intend”, “plan”, “believe”, “seek”, “see”, “will”, “would”, “target”, “outlook”, “stabilization”, “confident”, “preliminary”, “initial”, “continue”, “may”, “could”, “project”, “estimate”, “forecast” and similar expressions and variations or negatives of these words. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements address matters that are, to varying degrees, uncertain and subject to risks, uncertainties, and assumptions, many of which 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 to realize the intended benefits of the Electronics Separation and the Qnity Distribution, including achievement of the intended tax treatment, contractual allocation to, and assumption by Qnity of certain liabilities, including certain legacy liabilities with respect to per- and polyfluoroalkyl substances (“PFAS”) and the possibility of disputes, litigation or unanticipated costs in connection with the Electronics Separation and Qnity Distribution; (ii) the impact of the Aramids Divestiture on DuPont’s balance sheet, financial condition and future results of operations; (iii) risks and costs related to the impact of the arrangement to share future eligible PFAS costs by and among DuPont, Corteva, Inc. and The Chemours Company, including the outcome of pending or future litigation related to PFAS or PFOA, which includes personal injury claims and natural resource damages claims; the extent and cost of ongoing and potential future remediation obligations; and changes in laws and regulations applicable to PFAS chemicals; (iv) the failure to realize expected benefits and effectively manage and achieve anticipated synergies and operational efficiencies in connection with the Electronics Separation, the Aramids Divestiture and completed and future, if any, divestitures, mergers, acquisitions, and other portfolio management, productivity and infrastructure actions; (v) risks and uncertainties that are outside the Company’s control but adversely impact the overall environment in which DuPont, its customers and/or its suppliers operate, including changes in economic, political, regulatory, international trade, geopolitical, military conflicts, capital markets and other external conditions, including pandemics and responsive actions, as well as natural and other disasters or weather-related events; (vi) the ability to offset increases in cost of inputs, including raw materials, energy and logistics; (vii) the risks and uncertainties associated with continuing or expanding geopolitical conflicts or trade disputes or restrictions and responsive actions, new or increased tariffs or export controls, including on exports to China of U.S.-regulated products and technology; (viii) other risks to DuPont’s business and operations, including the risk of impairment; (ix) risks and uncertainties in connection with completing the $2 billion share buyback announced on November 6, 2025, including timeline, associated costs and the possibility that the authorization may be suspended or discontinued prior to completion; (x) the ability to realize the intended benefits of the Reverse Stock Split; (xi) the impact of the invalidation of certain tariffs imposed under the International Emergency Economic Powers Act and (xii) other risk factors discussed in DuPont’s most recent annual report on Form 10-K, and subsequent quarterly reports on Form 10-Q and current reports on Form 8-K 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. Undue reliance should not be placed 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
Unless otherwise indicated, all financial metrics presented reflect continuing operations only.
This communication includes information that does not conform to accounting principles generally accepted in the United States of America (“U.S. GAAP”) and are considered non-GAAP measures. Management uses these measures internally for planning, forecasting and evaluating the performance of the Company, including allocating resources. 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. These non-GAAP financial measures supplement disclosures prepared in accordance with U.S. GAAP, and should not be viewed as an alternative to U.S. GAAP. Furthermore, such non-GAAP measures may not be consistent with similar measures provided or used by other companies. Reconciliations for these Non-GAAP measures to U.S. GAAP are provided in the Selected Financial Information and Non-GAAP Measures starting on page 12. Non-GAAP measures included in this communication are defined below. The Company has not provided forward-looking U.S. GAAP financial measures or a reconciliation of forward-looking non-GAAP financial measures to the most comparable U.S. GAAP financial measures on a forward-looking basis because the Company is unable to predict with reasonable certainty the ultimate outcome of certain future events. These events include, among others, the impact of portfolio changes, including asset sales, mergers, acquisitions, and divestitures; contingent liabilities related to litigation, environmental and indemnifications matters; impairments and discrete tax items. These items are uncertain, depend on various factors, and could have a material impact on U.S. GAAP results for the guidance period.
Key Terms
Significant Items
Significant items are items that arise outside the ordinary course of business for the Company and includes items for nonconsolidated affiliates, that the Company’s management believes may cause misinterpretation of underlying business and investment 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 with integration and separation activities related to transformational acquisitions and divestitures as they are considered unrelated to ongoing business performance. There were no significant items associated with nonconsolidated affiliates recorded for the three and six month periods ended June 30, 2026 and June 30, 2025.
Future Reimbursable Indirect Costs
Indirect costs, such as those related to corporate and shared service functions previously allocated to the separated Electronics Business and Aramids Business, do not meet the criteria for discontinued operations and are reported within continuing operations in all respective periods presented. The Company has, is, will or expects to be reimbursed in accordance with the applicable transition service agreements (“TSAs”) for the portion of indirect costs related to activities the Company is, will or expects to undertake on a transitional basis to support a) Qnity not beyond year end 2027 for services and 2040 for site leases and, b) the Aramids Business post the Aramids Divestiture, but not beyond 2028 (such indirect costs “Future Reimbursable Indirect Costs”). Services provided and costs reimbursed in accordance with the applicable TSAs include but are not limited to, costs associated with information technology services/support, product stewardship and regulatory support, facilities services, and shared property lease costs.
Future Reimbursable Indirect Costs do not meet the criteria for discontinued operations and therefore are included in both GAAP Net Income from Continuing Operations and in GAAP Cash provided by operating activities-continuing operations for all periods presented. Future Reimbursable Indirect Costs are excluded from Adjusted Earnings, Operating EBITDA and Transaction-Adjusted Free Cash Flow, each defined below. Such indirect costs that are not subject to future reimbursement are reported within continuing operations in Corporate and are included within Adjusted Earnings, Operating EBITDA, and Cash provided by operating activities-continuing operations.
Corporate DDOB Remediation Costs
Corporate DDOB Remediation Costs are environmental remediation costs, including certain investigate, remediate and restoration costs, associated with discontinued or divested operations, businesses or product lines (“Corporate DDOB Remediation Costs”). DDOB Remediation Costs are excluded from Adjusted Earnings and Operating EBITDA, as defined below, to provide better insight into the underlying business performance of the Company.
Non-GAAP Measure Definitions
Organic Sales
Organic Sales is defined as net sales excluding the impacts of currency and portfolio.
Adjusted Earnings
Adjusted Earnings is defined as income from continuing operations excluding the after-tax impact of significant items, after-tax impact of amortization expense of intangibles, the after-tax impact of non-operating pension / other post employment benefits (“OPEB”) credits / costs, Future Reimbursable Indirect Costs and Corporate DDOB Remediation Costs.
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
Adjusted EPS is defined as Adjusted Earnings per common share – diluted. Management estimates amortization expense in 2026 associated with intangibles to be about $275 million on a pre-tax basis, or approximately $1.54 per share.
Operating EBITDA, EBITDA Margin & Incremental Margin
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, Corporate DDOB Remediation 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.
Adjusted Free Cash Flow & Adjusted Free Cash Flow Conversion
Adjusted Free Cash Flow is defined as cash provided by/used for operating activities from continuing operations less capital expenditures and excluding the impact of cash inflows/outflows that are unusual in nature and/or infrequent in occurrence that neither relate to the ordinary course of the Company’s business nor reflect the Company’s underlying business liquidity. As a result, Adjusted Free Cash Flow represents cash that is available to the Company, after investing in its asset base, to fund obligations using the Company’s primary source of liquidity, cash provided by operating activities from continuing operations. Management believes Adjusted Free Cash Flow, even though it may be defined differently from other companies, is useful to investors, analysts and others to evaluate the Company’s cash flow and financial performance, and it is an integral measure used in the Company’s financial planning process. Management notes that there were no exclusions for items that are unusual in nature and/or infrequent in occurrence for the three and six month periods ended June 30, 2026.
Adjusted Free Cash Flow Conversion is defined as Adjusted Free Cash Flow divided by Adjusted Earnings. Management uses Adjusted Free Cash Flow Conversion as an indicator of our ability to convert earnings to cash.
Transaction Adjusted Free Cash Flow & Transaction Adjusted Free Cash Flow Conversion
Management believes supplemental non-GAAP financial measures including Transaction-Adjusted Free Cash Flow and Transaction-Adjusted Free Cash Flow Conversion (each defined below) provide an integral view of information on the Company’s underlying business performance during this period of transformational change. Management believes the Electronics Separation and Aramids Divestiture collectively represent a significant transformational change for the Company and separation-related transaction cost payments impact comparability to the Company’s continuing operations. Management believes Transaction-Adjusted Free Cash Flow, which may be defined differently from other companies, is useful to investors, analysts and others to evaluate the Company’s cash flow and financial performance, and it is an integral measure used in the Company’s financial planning process. These non-GAAP financial measures are not intended to represent residual cash flow for discretionary expenditures since other non-discretionary expenditures, such as mandatory debt service requirements, are not deducted from the measure.
Transaction-Adjusted Free Cash Flow is defined as cash provided by/used for operating activities from continuing operations less capital expenditures and removing the impact of separation-related transaction costs and other payment and cash inflows/outflows that are unusual in nature and/or infrequent in occurrence that neither relate to the ordinary course of the Company’s business nor reflect the Company’s underlying business liquidity.
Transaction-Adjusted Free Cash Flow Conversion is defined as Transaction-Adjusted Free Cash Flow excluding separation-related transaction costs, divided by Adjusted Earnings.
Separation-related transaction costs and other payments include cash outflows directly associated with the Electronics Separation and the Aramids Divestiture. These costs include advisor and banking fees, payments related to establishing a new capital structure (including fees associated with interest rate swaps), capital expenditures required to facilitate physical asset separation, restructuring payments associated with senior leadership, and Future Reimbursable Indirect Costs, among other expenditures.
Future Reimbursable Indirect Costs are excluded from Adjusted Earnings and Operating EBITDA. To provide comparable data analysis, the Company has also adjusted payments associated with Future Reimbursable Indirect Costs within Separation-related transaction costs and other payments. This adjustment is intended to provide insight into the Company’s underlying business performance. For the six months ended June 30, 2026, the Company adjusted $8 million associated with Future Reimbursable Indirect Costs within Separation-related transaction costs and other payments.
Additionally, $2 and $5 million were reflected in Separation-related transaction costs and other payments for the three and six month periods ended June 30, 2026, respectively, for capital expenditures incurred to complete the physical separation of shared locations.
Finally, $6 million of restructuring and short-term incentive program payments to former senior leadership were reflected in Separation-related transaction costs and other payments for the six month period ended June 30, 2026. These payments were reflected in other cash payments as they related to the establishment of the post-spin leadership structure.
DuPont de Nemours, Inc.
Consolidated Statements of Operations
Three Months Ended
June 30,
Six Months Ended
June 30,
In millions, except per share amounts (Unaudited)
2026
2025
2026
2025
Net sales
$ 1,819
$ 1,749
$ 3,500
$ 3,361
Cost of sales
1,180
1,143
2,259
2,212
Research and development expenses
42
53
89
103
Selling, general and administrative expenses
269
262
524
496
Amortization of intangibles
68
74
136
149
Restructuring and asset related (benefits) charges – net
(3)
—
43
39
Acquisition, integration and separation costs
7
55
7
105
Equity in earnings (loss) of nonconsolidated affiliates
9
9
8
(6)
Sundry income (expense) – net
42
(9)
78
91
Interest expense
41
84
81
167
Income from continuing operations before income taxes
$ 266
$ 78
$ 447
$ 175
Provision for income taxes on continuing operations
75
54
106
71
Income from continuing operations, net of tax
$ 191
$ 24
$ 341
$ 104
(Loss) income from discontinued operations, net of tax
(44)
46
(30)
(615)
Net income (loss)
$ 147
$ 70
$ 311
$ (511)
Net income attributable to noncontrolling interests
4
11
7
19
Net income (loss) available for DuPont common stockholders
$ 143
$ 59
$ 304
$ (530)
Per common share data:
Earnings per common share from continuing operations – basic
$ 1.38
$ 0.17
$ 2.45
$ 0.73
(Loss) earnings per common share from discontinued operations – basic
(0.32)
0.25
(0.22)
(4.53)
Earnings (loss) per common share – basic
$ 1.05
$ 0.42
$ 2.23
$ (3.80)
Earnings per common share from continuing operations – diluted
$ 1.37
$ 0.17
$ 2.43
$ 0.73
(Loss) earnings per common share from discontinued operations – diluted
(0.32)
0.25
(0.22)
(4.52)
Earnings (loss) per common share – diluted
$ 1.05
$ 0.42
$ 2.22
$ (3.79)
Weighted-average common shares outstanding – basic
135.9
139.6
136.3
139.6
Weighted-average common shares outstanding – diluted
136.8
139.9
137.2
139.9
DuPont de Nemours, Inc.
Condensed Consolidated Balance Sheets
In millions, except share amounts (Unaudited)
June 30, 2026
December 31, 2025
Assets
Current Assets
Cash and cash equivalents
$ 1,740
$ 715
Restricted cash and cash equivalents
42
42
Accounts and notes receivable – net
1,751
1,669
Inventories
1,210
1,172
Prepaid and other current assets
113
121
Assets of discontinued operations
—
1,856
Total current assets
$ 4,856
$ 5,575
Property, plant and equipment – net of accumulated depreciation (June 30,
2026 – $3,694; December 31, 2025 – $3,565)
3,379
3,464
Other Assets
Goodwill
7,840
7,915
Other intangible assets
2,789
2,936
Investments and noncurrent receivables
981
432
Deferred income tax assets
221
282
Deferred charges and other assets
995
971
Total other assets
$ 12,826
$ 12,536
Total Assets
$ 21,061
$ 21,575
Liabilities and Equity
Current Liabilities
Short-term borrowings
$ —
$ 60
Accounts payable
978
995
Income taxes payable
53
54
Accrued and other current liabilities
970
882
Liabilities of discontinued operations
—
314
Total current liabilities
$ 2,001
$ 2,305
Long-Term Debt
3,125
3,134
Other Noncurrent Liabilities
Deferred income tax liabilities
295
405
Pension and other post-employment benefits – noncurrent
400
432
Other noncurrent obligations
1,359
1,196
Total other noncurrent liabilities
$ 2,054
$ 2,033
Total Liabilities
$ 7,180
$ 7,472
Commitments and contingent liabilities
Stockholders’ Equity
Common stock (authorized 555,555,556 shares of $0.01 par value each;
issued 2026: 135,038,855 shares; 2025: 136,398,482 shares)
1
1
Additional paid-in capital
$ 38,710
38,721
Accumulated deficit
(24,326)
(24,278)
Accumulated other comprehensive loss
(616)
(525)
Total DuPont stockholders’ equity
$ 13,769
$ 13,919
Noncontrolling interests
112
184
Total equity
$ 13,881
$ 14,103
Total Liabilities and Equity
$ 21,061
$ 21,575
DuPont de Nemours, Inc.
Consolidated Statement of Cash Flows
Six Months Ended June 30,
In millions (Unaudited)
2026
2025
Operating Activities
Net income (loss)
$ 311
$ (511)
Loss from discontinued operations
(30)
(615)
Net income from continuing operations
$ 341
$ 104
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
309
326
Credit for deferred income tax and other tax related items
45
9
(Earnings) losses of nonconsolidated affiliates (in excess of) less than dividends received
(6)
7
Net periodic pension benefit costs
6
2
Periodic benefit plan contributions
(28)
(23)
Restructuring and asset related charges – net
43
39
Interest rate swap gain
—
(51)
Stock based compensation
27
22
Donatelle contingent earn-out true-up
(14)
(12)
Other net (income) loss
(2)
16
Changes in assets and liabilities, net of effects of acquired and divested companies:
Accounts and notes receivable
(88)
(213)
Inventories
(29)
(51)
Accounts payable
92
(19)
Other assets and liabilities, net
(64)
(5)
Cash provided by operating activities – continuing operations
$ 632
$ 151
Investing Activities
Capital expenditures
(178)
(172)
Proceeds and adjustments to proceeds from sales of businesses, net of cash divested
1,158
—
Other investing activities, net
9
7
Cash provided by (used for) investing activities – continuing operations
$ 989
$ (165)
Financing Activities
Changes in short-term borrowings
(60)
—
Purchases of common stock and forward contracts
(275)
—
Proceeds from issuance of Company stock
107
4
Employee taxes paid for share-based payment arrangements
(22)
(22)
Distributions to noncontrolling interests
(11)
(5)
Dividends paid to stockholders
(163)
(343)
Other financing activities, net
(1)
(7)
Cash used for financing activities – continuing operations
$ (425)
$ (373)
Cash Flows from Discontinued Operations
Cash (used for) provided by operations – discontinued operations
(158)
540
Cash used for investing activities – discontinued operations
(6)
(193)
Cash used for financing activities – discontinued operations
(3)
(17)
Cash (used for) provided by discontinued operations
$ (167)
$ 330
Effect of exchange rate changes on cash, cash equivalents and restricted cash
(7)
44
Increase (decrease) in cash, cash equivalents and restricted cash
$ 1,022
$ (13)
Cash, cash equivalents and restricted cash from continuing operations, beginning of period
757
1,834
Cash, cash equivalents and restricted cash from discontinued operations, beginning of period
3
58
Cash, cash equivalents and restricted cash at beginning of period
$ 760
$ 1,892
Cash, cash equivalents and restricted cash from continuing operations, end of period
1,782
1,817
Cash, cash equivalents and restricted cash from discontinued operations, end of period
—
62
Cash, cash equivalents and restricted cash at end of period
$ 1,782
$ 1,879
DuPont de Nemours, Inc.
Select Segment Information and Non-GAAP Measures
Net Sales by Segment
Three Months Ended
Six Months Ended
In millions (Unaudited)
Jun 30, 2026
Jun 30, 2025
Jun 30, 2026
Jun 30, 2025
Healthcare & Water Technologies
$ 856
$ 817
$ 1,662
$ 1,580
Diversified Industrials
963
932
1,838
1,781
Total
$ 1,819
$ 1,749
$ 3,500
$ 3,361
Net Sales Variance by Segment
Three Months Ended June 30, 2026
Organic Sales
Currency
Portfolio / Other
Total
Percent change from prior year (Unaudited)
Healthcare & Water Technologies
4 %
1 %
— %
5 %
Diversified Industrials
3
—
—
3
Total
4 %
— %
— %
4 %
Net Sales Variance by Segment
Six Months Ended June 30, 2026
Organic Sales
Currency
Portfolio / Other
Total
Percent change from prior year (Unaudited)
Healthcare & Water Technologies
3 %
2 %
— %
5 %
Diversified Industrials
2
1
—
3
Total
3 %
1 %
— %
4 %
Operating EBITDA by Segment
Three Months Ended
Six Months Ended
In millions (Unaudited)
Jun 30, 2026
Jun 30, 2025
Jun 30, 2026
Jun 30, 2025
Healthcare & Water Technologies
$ 258
$ 248
$ 502
$ 471
Diversified Industrials
213
199
413
384
Corporate 1
(23)
(24)
(53)
(72)
Total
$ 448
$ 423
$ 862
$ 783
1.
Corporate includes expenses of the Corporate function not allocated to specific business in the Company.
Equity in Earnings (Loss) of Nonconsolidated Affiliates by Segment
Three Months Ended
Six Months Ended
In millions (Unaudited)
Jun 30, 2026
Jun 30, 2025
Jun 30, 2026
Jun 30, 2025
Healthcare & Water Technologies
$ 1
$ —
$ 2
$ —
Diversified Industrials
—
—
(1)
—
Corporate 1
8
9
7
(6)
Total equity earnings (loss) included in operating EBITDA (GAAP)
$ 9
$ 9
$ 8
$ (6)
1.
Corporate includes the equity interest acquired in the Delrin® Divestiture transaction.
DuPont de Nemours, Inc.
Selected Financial Information and Non-GAAP Measures
Reconciliation of “Income from continuing operations, net of tax” to
“Operating EBITDA”
Three Months Ended
Six Months Ended
In millions (Unaudited)
Jun 30, 2026
Jun 30, 2025
Jun 30, 2026
Jun 30, 2025
Income from continuing operations, net of tax (GAAP)
$ 191
$ 24
$ 341
$ 104
+ Provision for income taxes on continuing operations
75
54
106
71
Income from continuing operations before income taxes
$ 266
$ 78
$ 447
$ 175
+ Depreciation and amortization
154
166
309
326
– Interest income 1, 2
24
18
34
35
+ Interest expense 3
41
84
81
166
– Non-operating pension/OPEB benefit (costs) credits 1
(1)
—
(1)
2
– Foreign exchange gains (losses), net 1
4
(14)
14
(17)
+ Future Reimbursable Indirect Costs
—
25
8
50
+ Corporate DDOB Remediation Costs
6
2
10
5
– Significant items charge
(8)
(72)
(54)
(81)
Operating EBITDA (non-GAAP)
$ 448
$ 423
$ 862
$ 783
1.
Included in “Sundry income (expense) – net”.
2.
The three and six months ended June 30, 2026 and 2025 excludes accrued interest income earned on employee retention credits. Refer to details of significant items on page 14.
3.
The six months ended June 30, 2025 excludes interest rate swap basis amortization. Refer to details of significant items on page 14.
Reconciliation of “Cash provided by operating activities – continuing
operations” to Adjusted Free Cash Flow 1 , Transaction-Adjusted Free
Cash Flow1 and calculation of “Adjusted Free Cash Flow Conversion”
and “Transaction-Adjusted Free Cash Flow Conversion”
Three Months Ended
Six Months Ended
In millions (Unaudited)
Jun 30, 2026
Jun 30, 2025
Jun 30, 2026
Jun 30, 2025
Cash provided by operating activities (GAAP) 2 – continuing operations
$ 400
$ 74
$ 632
$ 151
Capital expenditures
(76)
(50)
(178)
(172)
Adjusted free cash flow (non-GAAP)
$ 324
$ 24
$ 454
$ (21)
Separation-related transaction cost and other payments3
2
83
19
136
Transaction-adjusted free cash flow (non-GAAP)
$ 326
$ 107
$ 473
$ 115
Adjusted earnings (non-GAAP) 4
$ 257
$ 177
$ 483
$ 331
Adjusted free cash flow conversion (non-GAAP)
126 %
14 %
94 %
(6) %
Transaction-adjusted free cash flow conversion (non-GAAP)
127 %
60 %
98 %
35 %
1
Adjusted Free Cash Flow and Transaction-Adjusted Free Cash Flow are calculated on a continuing operations basis for all periods presented. Refer to the definitions of Non-GAAP metrics on pages 7-8 for additional information.
2
Refer to the Consolidated Statement of Cash Flows included in the schedules above for major GAAP cash flow categories as well as further detail relating to the changes in “Cash provided by operating activities – continuing operations” for the six month periods noted.
3
Other payments for the three months ended June 30, 2026 includes $2 million related of separation-related capital expenditures. Other payments for the six months ended June 30, 2026 includes $5 million of separation-related capital expenditures, $6 million related to restructuring and short-term incentive program payments associated with former senior leadership, and $8 million for Future Reimbursable Indirect Costs (as defined in our Non-GAAP definitions).
4
Refer to page 14 for the Non-GAAP reconciliations of Net income from continuing operations available for DuPont common stockholders to Adjusted Earnings (Non-GAAP).
DuPont de Nemours, Inc.
Selected Financial Information and Non-GAAP Measures
Significant Items Impacting Results for the Three Months Ended June 30, 2026
In millions, except per share amounts (Unaudited)
Pretax 1
Net
Income 2
EPS 3
Income Statement Classification
Reported earnings (GAAP)
$ 266
$ 187
$ 1.37
Less: Significant items
Acquisition, integration & separation costs
(7)
(5)
(0.04)
Acquisition, integration and separation costs
Restructuring and asset related benefits – net
3
—
—
Restructuring and asset related charges – net
Other benefits (credits), net 4
(4)
(3)
(0.02)
Sundry income (expense) – net; Selling, general and administrative expenses
Income tax items 5
—
(3)
(0.02)
Provision for income taxes on continuing operations
Total significant items
$ (8)
$ (11)
$ (0.08)
Less: Amortization of intangibles
(68)
(53)
(0.39)
Amortization of intangibles
Less: Non-op pension / OPEB benefit costs
(1)
(1)
(0.01)
Sundry income (expense) – net
Less: Corporate DDOB remediation costs
(6)
(5)
(0.03)
Selling, general and administrative expenses
Adjusted earnings (non-GAAP)
$ 349
$ 257
$ 1.88
Significant Items Impacting Results for the Three Months Ended June 30, 2025
In millions, except per share amounts (Unaudited)
Pretax 1
Net
Income 2
EPS 3
Income Statement Classification
Reported earnings (GAAP)
$ 78
$ 24
$ 0.17
Less: Significant items
Acquisition, integration and separation costs
(55)
(46)
(0.32)
Acquisition, integration and separation costs
Restructuring and asset related benefits – net
—
1
—
Restructuring and asset related charges – net
Interest rate swap mark-to-market loss 6
(27)
(21)
(0.15)
Sundry income (expense) – net
Other benefits (credits), net 7
10
8
0.06
Sundry income (expense) – net
Income tax items 8
—
(18)
(0.13)
Provision for income taxes on continuing operations
Total significant items
$ (72)
$ (76)
$ (0.54)
Less: Amortization of intangibles
(74)
(58)
(0.42)
Amortization of intangibles
Less: Non-op pension / OPEB benefit credits
—
—
—
Sundry income (expense) – net
Less: Future reimbursable indirect costs
(25)
(19)
(0.14)
Selling, general and administrative expenses
Less: Corporate DDOB remediation costs
(2)
—
—
Selling, general and administrative expenses
Adjusted earnings (non-GAAP)
$ 251
$ 177
$ 1.27
1.
Income (loss) from continuing operations before income taxes.
2.
Net income (loss) from continuing operations available for DuPont common stockholders. The income tax effect on significant items was calculated based upon the enacted tax laws and statutory income tax rates applicable in the tax jurisdiction(s) of the underlying non-GAAP adjustment.
3.
Earnings (loss) per common share from continuing operations – diluted.
4.
Includes benefits related to an adjustment of the Donatelle contingent earn-out liability ($8 million pre-tax benefit) and legal costs within the Healthcare & Water Technologies segment associated with a pending intellectual property matter ($7 million pre-tax cost), and legal costs associated with personal injury cases associated with Corian® Quartz, a product within the Diversified Industrials segment ($8 million pre-tax cost).
5.
Reflects the net impact of a valuation allowance release in Europe and a deferred tax asset reversal in the U.S.
6.
The three months ended June 30, 2025 includes non-cash mark-to-market loss related to the 2022 Swaps and 2024 Swaps and the interest settlement loss on the 2022 Swaps.
7.
Reflects the accrued interest earned on employee retention credits ($3 million pre-tax benefit), benefits related to an adjustment of the Donatelle contingent earn-out liability ($12 million pre-tax benefit) and legal costs within the Healthcare & Water Technologies segment associated with a pending intellectual property matter ($5 million pre-tax cost).
8.
Reflects the income tax impact of certain internal restructurings related to the Electronics Separation.
DuPont de Nemours, Inc.
Selected Financial Information and Non-GAAP Measures
Significant Items Impacting Results for the Six Months Ended June 30, 2026
In millions, except per share amounts (Unaudited)
Pretax 1
Net
Income 2
EPS 3
Income Statement Classification
Reported earnings (GAAP)
$ 447
$ 334
$ 2.43
Less: Significant items
Acquisition, integration & separation costs
(7)
(5)
(0.04)
Acquisition, integration and separation costs
Restructuring and asset related charges – net
(43)
(36)
(0.26)
Restructuring and asset related charges – net
Other benefits (credits), net 4
(4)
(3)
(0.02)
Sundry income (expense) – net; Selling, general and administrative expenses
Income tax items 5
—
15
0.11
Provision for income taxes on continuing operations
Total significant items
$ (54)
$ (29)
$ (0.21)
Less: Amortization of intangibles
(136)
(105)
(0.77)
Amortization of intangibles
Less: Non-op pension / OPEB benefit costs
(1)
(1)
(0.01)
Sundry income (expense) – net
Less: Future reimbursable indirect costs
(8)
(6)
(0.04)
Selling, general and administrative expenses
Less: Corporate DDOB remediation costs
(10)
(8)
(0.06)
Selling, general and administrative expenses
Adjusted earnings (non-GAAP)
$ 656
$ 483
$ 3.52
Significant Items Impacting Results for the Six Months Ended June 30, 2025
In millions, except per share amounts (Unaudited)
Pretax 1
Net
Income 2
EPS 3
Income Statement Classification
Reported earnings (GAAP)
$ 175
$ 102
$ 0.73
Less: Significant items
Acquisition, integration and separation costs
(105)
(89)
(0.63)
Acquisition, integration and separation costs
Restructuring and asset related charges – net
(39)
(32)
(0.23)
Restructuring and asset related charges – net
Interest rate swap mark-to-market loss 6
50
39
0.28
Sundry income (expense) – net; Interest expense
Other benefits (credits), net 7
13
11
0.08
Sundry income (expense) – net
Income tax items 8
—
(2)
(0.02)
Provision for income taxes on continuing operations
Total significant items
$ (81)
$ (73)
$ (0.52)
Less: Amortization of intangibles
(149)
(117)
(0.84)
Amortization of intangibles
Less: Non-op pension / OPEB benefit credits
2
2
0.01
Sundry income (expense) – net
Less: Future reimbursable indirect costs
(50)
(39)
(0.28)
Selling, general and administrative expenses
Less: Corporate DDOB remediation costs
(5)
(2)
(0.01)
Selling, general and administrative expenses
Adjusted earnings (non-GAAP)
$ 458
$ 331
$ 2.37
1.
Income (loss) from continuing operations before income taxes.
2.
Net income (loss) from continuing operations available for DuPont common stockholders. The income tax effect on significant items was calculated based upon the enacted tax laws and statutory income tax rates applicable in the tax jurisdiction(s) of the underlying non-GAAP adjustment.
3.
Earnings (loss) per common share from continuing operations – diluted.
4.
Reflects the accrued interest earned on employee retention credits ($3 million pre-tax benefit), benefits related to an adjustment of the Donatelle contingent earn-out liability ($14 million pre-tax benefit), legal costs within the Healthcare & Water Technologies segment associated with a pending intellectual property matter ($10 million pre-tax cost), and legal costs associated with personal injury cases associated with Corian® Quartz, a product within the Diversified Industrials segment ($11 million pre-tax cost).
5.
Reflects the 2026 income tax benefit primarily the result of a discrete tax benefit relating to a change in tax classification of a non-U.S. legal entity ($20 million pre-tax benefit).
6.
The six months ended June 30, 2025 includes non-cash mark-to-market gain related to the 2022 Swaps and 2024 Swaps and the interest settlement loss on the 2022 Swaps. The six months ended June 30, 2025 also includes basis amortization on the 2022 Swaps ($1 million pre-tax, reflected in “Interest expense” within the Consolidated Statements of Operations).
7.
Reflects the accrued interest earned on employee retention credits ($6 million pre-tax benefit), benefits related to an adjustment of the Donatelle contingent earn-out liability ($12 million pre-tax benefit), legal costs within the Healthcare & Water Technologies segment associated with a pending intellectual property matter ($5 million pre-tax cost).
8.
Reflects the income tax impact of certain internal restructurings related to the Electronics Separation.
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SOURCE DuPont
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Wingstop Saddles Up for the Flavor Rodeo with BBQ Favorites, Carolina Gold and Jamaican Jerk
Published
19 minutes agoon
August 4, 2026By
To celebrate the returning flavors, Wingstop introduces the first-ever Delivery Cowboy experience, plus $0 delivery with qualifying purchase from Aug. 14-16 using code GIDDYUP
DALLAS, Aug. 4, 2026 /PRNewswire/ — Wingstop (NASDAQ: WING) is saddling up for the Flavor Rodeo, bringing fan-favorites Carolina Gold and Jamaican Jerk back to menus nationwide* after prior limited-time runs. The flavors will be available exclusively to Club Wingstop members starting Aug. 7, and to all fans beginning Aug. 11, alongside two new additions: Hot Honey Mustard Dip and Sprite Strawberry Rodeo**, available exclusively at Wingstop locations featuring Coca-Cola Freestyle dispensers nationwide.
In true rodeo fashion, Wingstop is giving flavors this bold the entrance they deserve by trading four wheels for four hooves with a Delivery Cowboy experience in the Fort Worth Stockyards — the kind of launch only the Dallas-based flavor giant could pull off.
For one afternoon only on Friday, Aug. 7, from 1:30 to 3:30 p.m. CT, select Club Wingstop members who visit Cowtown Coliseum can be among the first to try Carolina Gold and Jamaican Jerk, with their orders hand-delivered on horseback by Wingstop’s Delivery Cowboys, while supplies last. The experience delivers on Wingstop’s promise to turn fan loyalty into unforgettable real-world moments that extend beyond the menu.
Forget standard, play-it-safe BBQ. The Flavor Rodeo delivers striking flavor contrasts designed to give taste buds a wild ride.
Carolina Gold: Sweet, tangy Southern BBQ with rich golden flavor inspired by the Carolinas.Jamaican Jerk: Warm Caribbean spices and savory herbs come together for a bold island-inspired flavor.Hot Honey Mustard Dip: Sweet honey mustard with a fiery kick for the perfect balance of sweet and heat.Sprite Strawberry Rodeo: A blend of a bright citrus zip of lemon-lime notes with smooth strawberry sweetness for a crisp, refreshing finish.
“While everyone else serves the expected barbecue, Wingstop is giving fans a lineup so strong it deserves an equally bold entrance,” said Michael Skipworth, President and CEO of Wingstop. “The Flavor Rodeo brings back two fan favorites, adds two new ways to elevate every order and gives Club Wingstop members an experience they won’t find anywhere else.”
Can’t make it to Fort Worth? Saddle up at your nearest Wingstop or order online through Wingstop.com or the Wingstop app to experience the Flavor Rodeo for yourself. Fans nationwide can get in on the action with code GIDDYUP to receive $0 delivery with qualifying purchase from Aug. 14-16 at participating U.S. locations.
Club Wingstop members can continue to unlock exclusive access to flavor launches, member-only perks and unique brand experiences by joining through the Wingstop app or Wingstop.com.
*Available for a limited time only at participating locations in the U.S. While supplies last.
**”Sprite” is a registered trademark of the Coca-Cola Company.
About Wingstop
Founded in 1994 and headquartered in Dallas, TX, Wingstop Inc. (NASDAQ: WING) operates and franchises more than 3,000 restaurants worldwide, with approximately 98% of the total restaurant count owned by brand partners. Generating over $5 billion in system-wide sales in fiscal 2025, Wingstop offers made-to-order, always fresh classic and boneless wings, tenders and chicken sandwiches in 12 bold, distinctive flavors, alongside signature sides and iconic housemade ranch and bleu cheese dips. Dedicated to Serving the World Flavor, Wingstop is the Official Chicken Partner of the NBA with a vision to become a Top 10 Global Restaurant Brand. Learn more at wingstop.com or follow @Wingstop on X, Instagram, Facebook and TikTok.
Media Contact
Kyra Harbert
media@wingstop.com
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SOURCE Wingstop Restaurants Inc.
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CME Group July Volume Hits New Record of 27 Million Contracts, Up 23% Year Over Year
Published
19 minutes agoon
August 4, 2026By
Record July ADV in interest rate, equity index, energy, agricultural and metals productsInternational ADV grew 32% to 8.8 million contracts
CHICAGO, Aug. 4, 2026 /PRNewswire/ — CME Group, the world’s leading derivatives marketplace, today reported its highest July average daily volume (ADV) on record at 27 million contracts, an increase of 23% year-over-year. Market statistics are available in greater detail at https://cmegroupinc.gcs-web.com/monthly-volume.
July 2026 ADV across asset classes includes:
Interest Rate ADV of 12.6 million contractsEquity Index ADV of 8.2 million contractsEnergy ADV of 2.6 million contractsAgricultural ADV of 2 million contractsForeign Exchange ADV of 811,000 contractsMetals ADV of 788,000 contractsCryptocurrency ADV of 237,000 contracts ($10.3 billion notional)
Additional July 2026 product highlights compared to July 2025:
Interest Rate ADV increased 17%SOFR futures ADV increased 9% to 3.6 million contractsU.S Treasury futures and options ADV increased 22% to 7 million contracts10-Year U.S. Treasury Note futures ADV increased 13% to 1.8 million contracts5-Year U.S. Treasury Note futures ADV increased 13% to 1.3 million contracts10-Year U.S. Treasury Note options ADV increased 46% to 1.2 million contracts2-Year U.S. Treasury Note futures ADV increased 32% to 873,000 contracts30-Day Fed Funds futures ADV increased 60% to 660,000 contractsEquity Index ADV increased 48%Micro E-Mini Nasdaq-100 futures ADV increased 159% to 3 million contractsE-Mini S&P 500 futures ADV increased 24% to 1.4 million contractsMicro E-Mini S&P 500 futures ADV increased 27% to 1.1 million contractsE-Mini S&P 500 options ADV increased 8% to 1.1 million contractsEnergy ADV increased 9%WTI Crude Oil futures ADV increased 17% to 953,000 contractsHenry Hub Natural Gas futures ADV increased 2% to 454,000 contractsMicro WTI Crude Oil futures ADV increased 175% to 179,000 contractsAgricultural ADV increased 15%Corn futures ADV increased 16% to 441,000 contractsSoybean futures ADV increased 12% to 293,000 contractsChicago SRW Wheat futures ADV increased 53% to 176,000 contractsForeign Exchange ADV increased 9%Japanese Yen futures ADV increased 39% to 184,000 contractsMetals ADVMicro Gold futures ADV increased 41% to 287,000 contractsMicro Silver futures ADV increased 123% to 49,000 contracts1-Ounce Gold futures ADV increased 417% to 51,000 contractsInternational ADV increased 32% to 8.8 million contracts, with EMEA ADV up 29% to 6.3 million contracts and APAC ADV up 41% to 2.1 million contractsMicro Products ADVMicro E-mini Equity Index futures and options ADV of 4.4 million contracts represented 54% of overall Equity Index ADV, Micro Energy futures accounted for 7.1% of overall Energy ADV and Micro Metals futures accounted for 53% of overall Metals ADVBrokerTec overall average daily notional value (ADNV) increased 15% to $1.056 trillionU.S. Repo ADNV increased 9% to $393 billionEuropean Repo ADNV increased 20% to €356 billionU.S. Treasury ADNV increased 13% to $91 billion EBS Spot FX ADNV increased 25% to $70 billion and FX Link ADV increased 38% to 55,000 contracts ($5.2 billion notional per leg)Customer average collateral balances to meet performance bond requirements for rolling 3-months ending June 2026 were $150 billion for cash collateral and $170.4 billion for non-cash collateral
As the world’s leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, cryptocurrencies, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC (“S&P DJI”). “S&P®”, “S&P 500®”, “SPY®”, “SPX®”, US 500 and The 500 are trademarks of Standard & Poor’s Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners.
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SOURCE CME Group
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DR. PHONE FIX COMPLETES ACQUISITION, ESTABLISHES NEW BRUNSWICK PRESENCE, ADVANCES NATIONAL EXPANSION STRATEGY
Published
19 minutes agoon
August 4, 2026By
Acquisition expands Company’s integrated device care platform to 45 corporately owned locations across six provinces
EDMONTON, AB , Aug. 4, 2026 /CNW/ — Dr. Phone Fix Canada Corporation (TSXV: DPF) (“Dr. Phone Fix” or the “Company”), one of Canada’s fastest-growing and award-winning integrated device care platforms, is pleased to announce that it has completed its previously announced acquisition of the assets of Martin Cell Phone Solutions Ltd. (“Martin”) an established device repair business located in Saint John, New Brunswick (the “Transaction”).
The acquisition establishes Dr. Phone Fix’s presence in New Brunswick and expands the Company’s corporately owned retail network to 45 locations across six (6) provinces, further advancing its strategy of building a scalable national integrated device care platform through disciplined acquisitions, selective greenfield expansion and strategic partnerships.
The Transaction adds an established revenue-generating retail location, a loyal customer base and an immediate operating presence in New Brunswick, strengthening the Company’s growing footprint in Atlantic Canada following its recent expansion into Nova Scotia.
“Our objective is to build a scalable national integrated device care platform by acquiring quality businesses and integrating them into our centralized operating model,” said Piyush Sawhney, Founder and Chief Executive Officer of Dr. Phone Fix. “This transaction reflects the disciplined acquisition strategy we intend to replicate as we continue expanding our national integrated device care platform, which we believe can create meaningful shareholder value. This strategy includes a disciplined purchase price, modest upfront cash, vendor alignment and operational upside through integration.”
Transaction Details
Under the terms of the asset purchase agreement governing the Transaction, Dr. Phone Fix has acquired the assets of Martin for total consideration of $144,440.48, which includes $9,440.48 of inventory.
The purchase price is structured to preserve cash and align vendor incentives with post-closing performance, and includes:
$50,000 in cash paid at closing;$50,000 of deferred and performance-based payments tied to revenue thresholds; andthe issuance of common shares of the Company as partial consideration, aligned with long-term value creation.
In connection with the Transaction, the Company issued 352,849 common shares of the Company to Martin, representing an aggregate value of $44,440.48 (the “Consideration Shares”). The Consideration Shares are subject to a statutory hold period of four months and one day in accordance with applicable securities laws. The Transaction has received approval from the TSX Venture Exchange.
Continued Growth
The Canadian device repair and pre-owned device sale industry remains highly fragmented, presenting opportunities for disciplined consolidation by well-capitalized operators with scalable operating platforms. Management believes this presents opportunities for disciplined consolidation through acquisitions of established businesses that can benefit from Dr. Phone Fix’s centralized operating platform.
Prior to closing, Martin generated approximately $350,000 in annual revenue based on historical financial information provided by the vendor. Dr. Phone Fix expects to enhance the performance of the acquired location by integrating it into the Company’s centralized operating platform, including procurement, inventory management, pricing optimization, marketing, training and standardized store-level operating processes. Management believes these capabilities provide opportunities to improve operational efficiency and support long-term store performance.
Mr. Sawhney continued, “We continue to see attractive acquisition opportunities across Canada within a fragmented industry. Our strategy is not simply to increase store count, but to build a stronger national platform with increasing operating scale, greater purchasing leverage and enhanced capabilities to serve customers, carriers, insurers and OEM partners across Canada.”
The Company intends to maintain uninterrupted service for Matin’s existing customers while gradually integrating the location into the Dr. Phone Fix platform.
Dr. Phone Fix continues to evaluate additional acquisition opportunities across Canada that complement its existing geographic footprint and support its long-term growth strategy.
About Dr. Phone Fix
Dr. Phone Fix is an award-winning Canadian integrated device care platform providing repair, refurbishment, certified pre-owned devices, trade-in solutions and related services through its growing national retail network. Founded in 2019, the Company now operates 45 corporately owned retail locations nationwide, delivering fast, reliable, and environmentally conscious repair services alongside a curated selection of certified pre-owned devices and premium accessories. Dr. Phone Fix maintains relationships with OEMs, insurance partners and certified suppliers, ensuring consistently high-quality standards across its national footprint. With a mission rooted in sustainability, transparency, and exceptional customer service, Dr. Phone Fix is focused on advancing the device care and resale ecosystem in Canada.
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Cautionary Statement Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable securities laws. Forward-looking information can be identified by words such as: “intend”, “believe”, “estimate”, “expect”, “may”, “will” and similar references to future periods. Forward looking information includes, but is not limited to, the expected benefits and synergies from the Transaction, including anticipated revenue enhancements and operational improvements; the Company’s intention to expand its national footprint; expectations regarding the performance of acquired locations; and expectations regarding future growth and profitability. Although the Company believes that, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risk that the Company may not realize the anticipated benefits of the Transaction; and the risk that the future plans of the Company may differ from those that currently are contemplated. The forward-looking statements contained in this news release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.
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