DD · Earnings call · 2026Q2T · Full report

Portfolio Reshaping (M&A / Divestiture)

DuPont de Nemours, Inc. · 2026-08-04 · Importance 46 · Surprise 42

DuPont continues to pursue a robust M&A pipeline in Water and Healthcare while maintaining a balanced approach to capital allocation. After announcing a $250 million share repurchase, management said it still has well over $1 billion available for acquisitions. Healthcare opportunities include packaging and CDMO assets, while Water opportunities are also under review. Management is targeting mid-teen gross valuation multiples and lower-teen net multiples after synergies, with acquired assets expected to add to the company’s growth algorithm.