2024 ASI Top 20: DuPont

Image courtesy of courtesy of Bramantya W.J. / Creatas Video+ / Getty Images Plus.

DuPont provides technology-based materials and solutions to key markets that include electronics, transportation, construction, water, healthcare and worker safety. The company reported full-year 2023 net sales of approximately $12.01 billion, representing a decrease of 7% compared to 2022.

"In the face of inventory destocking that impacted many of our end-markets in 2023 and continued economic softness in China, our teams remained focused on sound operational execution and driving productivity and cost discipline," said Ed Breen, DuPont’s executive chairman of the Board of Directors. "We delivered significant year-over-year cash flow improvement in 2023, including a strong fourth quarter finish, which underscores our ongoing prioritization of working capital management."

DuPont produces adhesives and related solutions for applications in electric and hybrid vehicles and the automotive aftermarket, along with composite, glass, and rubber-to-substrate bonding. ASI was unable to get adhesive sales from the company.

NOTES: In May of this year, DuPont selected Lori D. Koch, the company’s chief financial officer, to succeed Edward D. Breen as the company's chief executive officer. The new appointment became effective on June 1, and Breen transitioned from CEO to full-time executive chairman of the Board of Directors. In June of this year, the company announced a plan separate into three distinct, publicly traded companies. The company would separate its Electronics and Water businesses into two separate entities, while the New DuPont would continue as a diversified industrial company.

Opening image courtesy of Bramantya W.J. / Creatas Video+ / Getty Images Plus.