DD · Earnings call · 2026Q2T · Full report
Free Cash Flow and Liquidity
DuPont de Nemours, Inc. · 2026-08-04 · Importance 56 · Surprise 24 · In source text
Transaction-adjusted second-quarter free cash flow was $326 million, representing 127% conversion. Management attributed the result to earnings growth and net working capital productivity, including improvements in DSO, DPO, and inventory days. Full-year free cash flow conversion is expected to be closer to 100% than the 90% target. Management expects the second half to be seasonally stronger than the first half, although tax-payment timing may affect individual quarters.
Key facts
- Company expects full year 2026 free cash flow conversion to be ahead of 90% target and Antonella later indicated closer to 100% on a full year basis.
- CFO expectation that on a full year basis they will be much closer to 100% than to 90% in free cash flow conversion.
- Transaction-adjusted free cash flow in Q2 2026: $326 million and related conversion of 127%.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | committed | — | Company expects full year 2026 free cash flow conversion to be ahead of 90% target and Antonella later indicated closer to 100% on a full… |
| cash | positive | realized | — | Transaction-adjusted free cash flow in Q2 2026: $326 million and related conversion of 127%. |