DuPont De Nemours Inc (DD) released its first quarter results on Tuesday, May 4, 2021. The company reported net earnings of $8.90 per share for the first quarter ending March 31, 2021. Earnings for this past quarter were up 1,167 percent compared to the same period a year ago.
DuPont de Nemours, Inc. is based in Wilmington, Delaware. DuPont de Nemours, Inc. provides technology-based materials, ingredients, and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. The company's Electronics & Imaging segment supplies materials to manufacture photovoltaics and solar cells; materials and printing systems to the advanced printing industry; and materials and solutions for the fabrication of semiconductors and integrated circuits addressing front-end and back-end of the manufacturing process.
DuPont De Nemours' revenue decreased 10 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins decreased to 40.87% for the first quarter compared to the same period in the previous year, and operating margins increased to 17.23% over the same period. Net earnings for past trailing twelve months were $-1749.0 million, down 45% from the prior year.
Moving on to the balance sheet, DuPont De Nemours' cash levels jumped 146% for the first quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, increased 81.95% this past year. The current ratio for DuPont De Nemours now stands at 2.21. The company decreased shares outstanding by 27.49%.
Shares of DD are currently trading around $79.50. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 13.91 and price to book ratio of 1.77.