Mid-single digit growth across 85 percent of the Nutrition & Biosciences segment driven by strength in food & beverage and health & wellness end markets was partially offset by declines in businesses exposed to energy and industrial markets. Fremaux is an exceptionally effective mentor for technical and professional staff in the research and development organization and has helped nurture key scientific and technical talent. The unaudited pro forma Statements of Operations for the six months ended June 30, 2019 give effect to the pro forma events as if they had been consummated on January 1, 2018. Demand for Tyvek® protective garments continued to be robust, leading to a greater than 60 percent increase in garment sales versus last year which was enabled by efforts to increase capacity and redirect supply from non-personal protection markets. "As we head into 2020, this strong internal discipline continues to be paramount as we foresee further nylon pricing declines and unfavorable nylon mix partially offsetting organic revenue growth in our other core segments.". Nutrition & Biosciences Nutrition & Biosciences reported net sales of $1.5 billion, down 1 percent from the year-ago period. Currency was a 1 percent headwind. Clearance processes in the remaining required jurisdictions are well underway. Operating EBITDA for the segment was $49 million, a decrease of 86 percent from operating EBITDA of $357 million in the year-ago period, driven primarily by charges of approximately $130 million associated with temporarily idling approximately 50 percent of our polymer capacity to align supply with demand. Operating EBITDA(2) was $1.1 billion, down 20 percent versus operating EBITDA(2) in the prior year. A prime example of his contributions to the Tyvek® business include serving as Technical lead for the Tyvek® Medical Packaging Transition Program which delivered a more modern and sustainable process for making critical medical packaging products, followed by the invention of Tyvek® 40L, a new medical packaging product. There were no pro forma adjustments for the three or six months ended June 30, 2020 and for the three months ended June 30, 2019. GAAP loss from continuing operations totaled $(2.5) billion, versus GAAP loss from continuing operations of $(1.1 billion) in the year-ago period; the decline mostly attributable to a non-cash impairment charge in the Transportation & Industrial segment resulting from significant near-term demand weakness in the automotive industry due to COVID-19 as well as revised views of market recovery based on third-party estimates. Led by scientific curiosity and powerful business intuition, he continues to identify new market opportunities and expand DuPont's product pipeline. Sales gains were led by Food & Beverage on volume gains in the plant-based meat category and price improvements across the F&B portfolio, as well as Pharma Solutions which recorded its strongest sales quarter ever on increased demand in over-the-counter and prescription pharma applications. Net sales totaled $4.8 billion, down 12 percent versus the year-ago period. DuPont Photovoltaic and Advanced Materials (PVAM) represents a portfolio of product solutions with over 40+ years of service to the solar, aerospace, automotive industries and many others. ET. China sales in our core segments improved 6 percent versus the second quarter 2019 and 20 percent sequentially from first quarter 2020. Investors can access information included on the Investor Relations section of the website at investors.dupont.com. DuPont de Nemours, the industrial materials-maker that emerged from the $120 billion megamerger of Dow Chemical Co. and DuPont Co., on Tuesday fired its … Please select at least one newsletter to subscribe. Certain pro forma adjustments were made to illustrate the estimated effects of the Transactions, assuming that the Transactions had occurred on January 1, 2018. These items are uncertain, depend on various factors, and could have a material impact on U.S. GAAP results for the guidance period. The slide presentation that accompanies the conference call will be posted on the DuPont's Investor Relations Events and Presentations page. "Our business teams, customers, and partners see tremendous opportunity for growth and greater innovation as the businesses come together. These areas of strength within Health & Biosciences were more than offset by significant demand weakness in biorefinery and microbial control. "We delivered on our structural cost commitments and generated organic revenue growth in the Electronics & Imaging and Nutrition & Biosciences segments despite significant declines in global economic activity. Favorable product mix led by gains in probiotics and animal nutrition as well as cost productivity actions generated a 240 basis point improvement in operating EBITDA margins. While health care workers worldwide respond to the coronavirus outbreak, hundreds of employees at DuPont’s Spruance manufacturing plant in Chesterfield County are working to ramp up production of a material that helps shield those front-line fighters from the virus. Management estimates these integration and separation costs in 2020 to be approximately $650 million - $800 million on a pre-tax basis, or approximately $0.70 - $0.85 per share. Operating EBITDA for the segment was $49 million, a decrease of 86 percent from operating EBITDA of $357 million in the year-ago period, driven primarily by charges of approximately $130 million associated with temporarily idling approximately 50 percent of our polymer capacity to align supply with demand. May 18, 2020In a time of unprecedented need, our commitment to the community in our hometown of Wilmington, Delaware remains strong as ever. The unaudited pro forma Consolidated Statements of Operations (discussed in the following section) included herein include costs previously allocated to the materials science and agriculture businesses that did not meet the definition of expenses related to discontinued operations in accordance with Financial Accounting Standards Codification 205, "Presentation of Financial Statements" ("ASC 205") and thus are reflected in the Company's results of continuing operations.

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