DuPont's (DD) Tyvek Facility Obtains ISCC PLUS Certification
DuPont de Nemours Inc. DD recently announced that its Tyvek manufacturing facility in Luxembourg has acquired International Sustainability and Carbon Certification (ISCC) PLUS validation. This accreditation evaluates and validates the use of clear, transparent and traceable processes by enterprises that use the mass balance approach to preserve the chain of custody.
ISCC PLUS, using the mass balance approach, permits the use of sustainable raw materials produced from renewable and recycled sources. This allows for the gradual replacement of fossil fuel-based raw materials and a lower carbon footprint for Tyvek products, which can be passed on to value chain partners that are keen to find more sustainable products.
The achievement of ISCC PLUS accreditation is a significant step forward in the advancement of circular economy principles in the many end markets covered by Tyvek products.
Shares of DuPont have lost 3% over the past year compared with a 17.2% decline of its industry.
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The company, on its third-quarter call, said that it now sees net sales for 2023 to be around $12,170 million. Adjusted earnings per share for 2023 are estimated to be around $3.45. Also, Operating EBITDA for 2023 is expected to be around $2,975 million.
For the fourth quarter, demand for consumer electronics is anticipated to remain in line with the third quarter, as indicated by consistent order rates from customers. This will likely result in a sequential sales improvement in the Semiconductor Technologies segment. However, compared with the previous guidance, there are additional challenges stemming from channel inventory destocking and decreased industrial water demand in China, DD noted.
DuPont de Nemours, Inc. Price and Consensus
DuPont de Nemours, Inc. price-consensus-chart | DuPont de Nemours, Inc. Quote
Zacks Rank & Key Picks
DuPont currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space include Carpenter Technology Corporation CRS, Axalta Coating Systems Ltd. AXTA and The Andersons Inc. ANDE.
Carpenter Technology has a projected earnings growth rate of 213.2% for the current fiscal year. It currently sports a Zacks Rank #1 (Strong Buy). CRS has a trailing four-quarter earnings surprise of roughly 14.3%, on average. The stock is up around 69.1% in a year. You can see the complete list of today’s Zacks #1 Rank stocks here.
Axalta has a projected earnings growth rate of 5.4% for the current year. It currently flaunts a Zacks Rank #1. AXTA has a trailing four-quarter earnings surprise of roughly 6.7%, on average. The stock is up around 16.2% in a year.
Andersons currently carries a Zacks Rank #2 (Buy). The stock has gained roughly 33.3% in the past year. ANDE beat the Zacks Consensus Estimate in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 64.4%, on average.
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