DuPont de Nemours, Inc. (DD) Q1 2023 Earnings Call Transcript

DuPont de Nemours, Inc. (NYSE:DD) Q1 2023 Earnings Conference Call May 2, 2023 8:00 AM ET

Company Participants

Chris Mecray - Vice President, Investor Relations

Ed Breen - Chief Executive Officer

Lori Koch - Chief Financial Officer

Conference Call Participants

Steve Tusa - JPMorgan

Jeff Sprague - Vertical Research

Scott Davis - Melius Research

Christopher Parkinson - Mizuho

Mike Leithead - Barclays

Aleksey Yefremov - KeyBanc

Vincent Andrews - Morgan Stanley

Josh Spector - UBS

John Roberts - Credit Suisse

Steve Byrne - Bank of America

John McNulty - BMO Capital Markets

David Begleiter - Deutsche Bank

Arun Viswanathan - RBC Capital Markets

Mike Sison - Wells Fargo

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the DuPont First Quarter 2023 Earnings Call.

I would now like to turn the call over to Chris Mecray, Head of Investor Relations. Please go ahead.

Chris Mecray

Good morning, and thank you for joining us for DuPont's first quarter 2023 financial results conference call. Joining me today are Ed Breen, Chief Executive Officer; and Lori Koch, Chief Financial Officer. We've prepared slides to supplement our remarks, which are posted on DuPont's website under the Investor Relations tab and through the webcast link. Please read the forward-looking statement disclaimer contained in the slides.

During this call, we will make forward-looking statements regarding our expectations or predictions about the future. Because these statements are based on current assumptions and factors that involve risks and uncertainties, our actual performance and results may differ materially from our forward-looking statements. Our Form 10-K is updated by our current and periodic reports includes detailed discussion of principal risks and uncertainties, which may cause such differences. Unless otherwise specified, all historical financial measures presented today exclude significant items.

We will also refer to other non-GAAP measures, a reconciliation to the most directly comparable GAAP financial measure is included in our press release and presentation materials and have been posted to DuPont's Investor Relations website.

I'll now turn the call over to Ed.

Ed Breen

Good morning and thank you for joining our first quarter 2023 financial review. This morning, we announced quarterly results with operating EBITDA in line and revenue and adjusted EPS slightly better than our previously communicated guidance. This performance reflects our team's continued strong execution, while facing short term volume pressure and select consumer driven short cycle end markets, including electronics and construction.