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研究快訊:杜邦第一季每股收益超出預期;利潤率和現金流大幅成長

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-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師總結如下:杜邦公司公佈了令人矚目的2026財年第一季業績,調整後每股收益為0.55美元,高於去年同期的0.36美元,超出市場普遍預期的0.48美元。淨銷售額成長4%(高於我們先前3%的預期),其中有機成長2%,營業EBITDA利潤率從22.3%提升230個基點至24.6%。營業現金流從7,700萬美元成長至2.32億美元,增幅超過兩倍;經交易調整後的自由現金流年增800萬美元,達到1.47億美元;營業EBITDA成長15%,達4.14億美元。我們對這些業績表示讚賞,杜邦公司在所有指標上均表現強勁,同時完成了策略性產品組合轉型,展現了其定價能力,在終端市場狀況不一的情況下,仍實現了1%的定價貢獻和顯著的利潤率提升。隨著芳綸資產剝離完成,並已獲得 18 億美元的收益,管理層已做好充分準備,在投資利潤率更高的醫療保健和水技術業務的同時,加快股東回報。

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