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DUPONT TM DuPont Reports First Quarter 2021 Results 1Q21 GAAP EPS from continuing operations of $ 0.89 ; adjusted EPS of $ 0.91 1Q21 Net Sales of $ 4.0 billion , up 8 percent ; organic sales up 7 percent versus the year - ago period 1Q21 GAAP Income from continuing operations of $ 541 million ; operating EBITDA of $ 1.05 billion , up 15 percent versus the year - ago period Earnings leverage of 1.9 times driving operating EBITDA margin expansion of 160 basis points Approximately $ 660 million of capital returned to shareholders during the quarter through share repurchases and dividends Raises full year 2021 guidance for net sales , operating EBITDA and adjusted EPS WILMINGTON , Del . , May 4 , 2021 - DuPont ( NYSE : DD ) today announced financial results for the first quarter 2021 . " As we emerge from the COVID - 19 pandemic , the leading positions we hold in semiconductor , smartphones , automotive , water filtration , and residential construction end - markets enabled us to deliver strong first quarter results ahead of expectations with organic sales growth in all three reporting segments , " said Ed Breen , DuPont Executive Chairman and Chief Executive Officer . " We delivered these results despite headwinds associated with escalating raw material and logistics costs and global supply constraints of key raw materials . Our teams have worked closely with our suppliers and customers to help mitigate the impact incurred as a result of these industry challenges . " " In addition to delivering solid financial results , we advanced a number of strategic priorities , " Breen continued . " During the first quarter , we completed the separation of our Nutrition & Biosciences business via a tax - free split and signed agreements to divest our Clean Technologies and Solamet® businesses ( ² ) and expect all three transactions will deliver approximately $ 8 billion in gross proceeds . Additionally , we announced a definitive agreement to acquire Laird Performance Materials ( ² ) which complements our Electronics & Industrial segment . The planned acquisition of Laird Performance Materials is part of our strategy of growing as a global innovation leader through targeted M & A . We also executed $ 500 million of share repurchases under our existing program and have approximately $ 500 million repurchase authorization remaining which we intend to complete by June 1. Also , as previously announced , our Board of Directors authorized a new $ 1.5 billion share buyback program which expires on June 30 , 2022 . Finally , we de - levered our balance sheet during the quarter by paying down our $ 3 billion term loan and we will redeem the $ 2 billion May 2020 bonds later this month . These actions , combined with our dividend policy , further illustrate our commitment to a balanced capital allocation approach . " First Quarter 2021 Results Net sales totaled $ 4.0 billion , up 8 percent versus the year - ago period as reported and up 7 percent versus the year - ago period on an organic ( ¹ ) basis . Sales were up on an as reported and organic basis in all three segments led by double - digit growth in Electronics & Industrial on continued strength in both semiconductors and smartphone technologies , high single - digit organic growth in Mobility & Materials on further recovery in automotive and industrial markets , and strong demand in Water & Protection for water filtration technologies . On a regional basis , organic sales growth was led by Asia Pacific more than offsetting declines in US & Canada and EMEA . GAAP EPS from continuing operations totaled $ 0.89 on GAAP income from continuing operations of $ 541 million , versus GAAP EPS from continuing operations of $ ( 0.75 ) on a GAAP loss from continuing operations of $ ( 550 ) million in the year - ago period . The improvement is attributable to the absence of prior year goodwill and asset impairment charges , significantly less integration and separation costs , a significantly lower share count , higher segment earnings , and a lower tax rate , partially offset by the absence of a prior year gain related to a divestiture . ( 1 ) Adjusted EPS , operating EBITDA and free cash flow are non - GAAP measures . See page 6 for further discussion . Reconciliation to the most directly comparable GAAP measure , including details of significant items begins on page 11 of this communication . ( 2 ) Subject to regulatory approval and other customary closing conditions .