Sept 18 (Reuters) - Industrial materials maker DuPont ( DD )
on Thursday forecast 2025 net sales of about $6.87
billion, recasting its prior outlook to reflect the planned
spin-off of its electronics unit and the divestiture of its
Aramids business.
The revised figure excludes results from Qnity Electronics,
which will be separated on November 1, and the Aramids unit,
which will be treated as discontinued operations beginning the
third quarter.
DuPont ( DD ) also lowered its third-quarter adjusted profit
forecast to $1.06 per share, from an earlier forecast of $1.15
per share, on Aramids business sale.
The company had previously forecast 2025 net sales of $12.85
billion.
Last month, the chemical maker said it will sell its
heat-resistant fiber business Aramids, home to brands such as
body armor maker Kevlar, to peer Arclin for $1.8 billion as the
chemicals company undergoes a broader reorganization.
The company said it will provide an update of its full-year
adjusted profit forecast, as part of its third quarter earnings
call as it finalizes its capital structure.