DuPont de Nemours, Inc. (DD): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el panorama dinámico de la innovación industrial, DuPont de Nemours, Inc. surge como una potencia transformadora, tejiendo estratégicamente juntos materiales avanzados, tecnologías agrícolas y soluciones sostenibles en los mercados globales. Al aprovechar su sólido lienzo de modelo de negocio, la compañía trasciende la fabricación de productos químicos tradicionales, posicionándose como una fuerza pionera que aborda desafíos globales complejos a través de la investigación científica de vanguardia y las asociaciones estratégicas. Desde la revolucionar las tecnologías de protección de cultivos hasta el desarrollo de materiales especializados de alto rendimiento para industrias que van desde la electrónica hasta la aeroespacial, el enfoque multifacético de DuPont representa un plan de la excelencia industrial moderna que continuamente empuja los límites de la innovación tecnológica.

DuPont de Nemours, Inc. (DD) - Modelo de negocio: asociaciones clave

Colaboración estratégica con empresas de tecnología agrícola

DuPont ha establecido asociaciones estratégicas con empresas clave de tecnología agrícola:

Pareja	Enfoque de colaboración	Año establecido
Bayer Cropcience	Desarrollo de la tecnología de semillas	2017
Agrisciencia de Corteva	Mejora de cultivos genéticos	2019

Asociaciones de investigación con universidades

DuPont mantiene colaboraciones de investigación con instituciones científicas líderes:

• Instituto de Tecnología de Massachusetts (MIT)
• Universidad de Stanford
• Universidad de Delaware

Empresas conjuntas en materiales especializados

Las asociaciones clave de la empresa conjunta incluyen:

Pareja	Enfoque de empresa conjunta	Valor de inversión
Químico de dow	Investigación de materiales avanzados	$ 130 millones
Basf se	Desarrollo de soluciones sostenibles	$ 95 millones

Asociaciones de la cadena de suministro

Asociaciones globales de fabricación de productos químicos:

• Compañía de químicas
• Lyondellbasell Industries
• Sabico

Acuerdos de licencia de tecnología

Asociaciones internacionales de licencia de tecnología:

Corporación	Dominio tecnológico	Ingresos anuales de licencia
Electrónica Samsung	Materiales de semiconductores avanzados	$ 42 millones
Siemens AG	Tecnologías de procesos industriales	$ 38 millones

DuPont de Nemours, Inc. (DD) - Modelo de negocio: actividades clave

Investigación y desarrollo de materiales avanzados

Inversión en I + D en 2023: $ 1.1 mil millones

Áreas de enfoque de investigación	Gasto anual
Polímeros avanzados	$ 380 millones
Innovaciones químicas especializadas	$ 290 millones
Tecnologías materiales sostenibles	$ 220 millones

Fabricación de productos químicos especializados

Instalaciones de fabricación totales: 47 sitios globales

• Capacidad de producción: 3.2 millones de toneladas métricas anualmente
• Ubicaciones de fabricación: América del Norte (22), Europa (12), Asia-Pacífico (13)

Ciencia e innovación agrícola

Categoría de investigación agrícola	Inversión
Tecnologías de protección de cultivos	$ 450 millones
Programas de mejora de semillas	$ 320 millones

Diseño e implementación de soluciones sostenibles

Presupuesto de I + D de sostenibilidad: $ 220 millones en 2023

• Tecnologías de reducción de carbono: $ 95 millones
• Iniciativas de economía circular: $ 75 millones
• Desarrollo de material renovable: $ 50 millones

Ingeniería de productos globales y avance tecnológico

Fuerza laboral total de ingeniería: 3.800 profesionales

Área de enfoque de ingeniería	Número de ingenieros dedicados
Ingeniería de materiales avanzados	1,200
Innovación de procesos	980
Transformación digital	620

DuPont de Nemours, Inc. (DD) - Modelo de negocio: recursos clave

Cartera de propiedad intelectual extensa

A partir de 2024, DuPont posee aproximadamente 5.300 patentes activas a nivel mundial. La cartera de patentes de la compañía abarca múltiples dominios tecnológicos:

Categoría de patente	Número de patentes
Ciencias de los materiales	1,876
Electrónica avanzada	1,245
Soluciones sostenibles	982
Química especializada	1,197

Investigaciones avanzadas y instalaciones de desarrollo

DuPont mantiene 15 centros de investigación globales con una inversión anual de I + D de $ 1.4 mil millones en 2024.

• Ubicaciones principales de I + D en Estados Unidos, Bélgica, China y Singapur
• Instalación total de la investigación Fultos cuadrados: 1.2 millones de pies cuadrados
• Personal de investigación anual promedio: 3.800 científicos e ingenieros

Fuerza laboral científica e de ingeniería altamente calificada

Composición de la fuerza laboral a partir de 2024:

Categoría de empleado	Número de empleados
Científicos de doctorado	1,150
Profesionales de ingeniería	4,750
Personal de apoyo técnico	2,600

Infraestructura de fabricación global

Capacidades de fabricación en 2024:

• Sitios de fabricación totales: 48 en 22 países
• Capacidad de fabricación total: 3.6 millones de toneladas métricas anualmente
• Instalaciones de fabricación ubicadas en América del Norte, Europa, Asia-Pacífico

Capacidades de capital financiero y de inversión sólidos

Recursos financieros a partir de 2024:

Métrica financiera	Valor
Activos totales	$ 38.6 mil millones
Equivalentes de efectivo y efectivo	$ 4.2 mil millones
Gastos de capital anuales	$ 1.7 mil millones
Porcentaje de inversión de investigación	4.6% de los ingresos

DuPont de Nemours, Inc. (DD) - Modelo de negocio: propuestas de valor

Soluciones sostenibles innovadoras para múltiples industrias

Ingresos 2023 de DuPont de Sostenibles Soluciones: $ 14.3 mil millones

Segmento de la industria	Ingresos de soluciones sostenibles
Electrónica	$ 3.2 mil millones
Transporte	$ 2.7 mil millones
Construcción	$ 2.5 mil millones

Materiales especializados de alto rendimiento

La línea de productos de materiales especializados generó $ 8.6 mil millones en 2023

• Polímeros avanzados
• Materiales resistentes a alta temperatura
• Plásticos de ingeniería especializada

Tecnologías agrícolas avanzadas y protección de cultivos

Ingresos del segmento de ciencias agrícolas: $ 6.9 mil millones en 2023

Categoría de productos	Cuota de mercado
Productos químicos de protección de cultivos	12.4%
Tecnologías de semillas	9.7%

Soluciones basadas en la ciencia que abordan los desafíos globales

Inversión en I + D en 2023: $ 1.7 mil millones

• Tecnologías de mitigación del cambio climático
• Soluciones de purificación de agua
• Desarrollo de material de energía renovable

Investigación de vanguardia que transforma aplicaciones industriales

Portafolio de patentes: 7.500 patentes activas en 2023

Área de enfoque de investigación	Número de patentes
Materiales avanzados	2,300
Biotecnología	1,600
Procesos industriales	1,900

DuPont de Nemours, Inc. (DD) - Modelo de negocio: Relaciones con los clientes

Asociaciones empresariales e industriales a largo plazo

A partir de 2024, DuPont mantiene asociaciones estratégicas con 237 principales clientes industriales en 12 países. La duración promedio de la asociación es de 8,6 años.

Sector industrial	Número de asociaciones a largo plazo	Duración promedio de la asociación
Agricultura	68	9.2 años
Electrónica	45	7.5 años
Fabricación	124	8.9 años

Soporte técnico y servicios de consulta

DuPont proporciona soporte técnico a través de 412 centros de servicio al cliente dedicados a nivel mundial. La compañía asigna $ 186 millones anuales para la infraestructura de atención al cliente.

• Soporte de línea de ayuda técnica 24/7
• Equipos de consulta de ingeniería especializada
• Centros de apoyo regional en América del Norte, Europa y Asia

Desarrollo de soluciones personalizadas

En 2024, DuPont invirtió $ 274 millones en el desarrollo de 156 soluciones personalizadas para clientes industriales específicos. La tasa de éxito de la implementación de la solución personalizada es del 82%.

Categoría de soluciones	Número de soluciones personalizadas	Inversión
Tecnologías agrícolas	54	$ 98 millones
Materiales avanzados	62	$ 112 millones
Biotecnología industrial	40	$ 64 millones

Plataformas de participación digital para clientes

DuPont opera 7 plataformas digitales de participación del cliente con 42,000 usuarios de empresas activas. La tasa de interacción de la plataforma digital es del 67% de las comunicaciones totales del cliente.

• Portales de recursos técnicos en línea
• Seguimiento de rendimiento del producto en tiempo real
• Interfaces de consulta virtual

Programas de investigación colaborativa e co-innovación

DuPont realiza 93 programas de investigación colaborativos activos con universidades y socios industriales. La inversión anual en iniciativas de coinnovación es de $ 214 millones.

Área de enfoque de investigación	Número de programas de colaboración	Inversión
Tecnologías sostenibles	37	$ 86 millones
Investigación de materiales avanzados	28	$ 72 millones
Innovaciones agrícolas	28	$ 56 millones

DuPont de Nemours, Inc. (DD) - Modelo de negocio: canales

Equipos de ventas directos

A partir de 2024, DuPont mantiene una fuerza de ventas directa global de aproximadamente 6.500 profesionales de ventas en múltiples segmentos comerciales.

Región de ventas	Número de representantes de ventas
América del norte	2,350
Europa	1,750
Asia-Pacífico	1,650
América Latina	750

Plataformas digitales en línea

DuPont opera múltiples canales de ventas digitales con las siguientes métricas:

• Tráfico de la plataforma de comercio electrónico: 3.2 millones de visitantes únicos por mes
• Tasa de conversión de ventas digitales: 4.7%
• Catálogo de productos en línea: 12,500 listados de productos

Ferias y conferencias comerciales de la industria

Participación anual en eventos de la industria:

Tipo de evento	Número de eventos	Asistentes totales
Ferias internacionales	47	82,500
Conferencias técnicas	28	45,200

Materiales de marketing técnico

DuPont produce y distribuye garantías de marketing técnico en múltiples canales:

• Hojas de datos técnicas digitales: 3.750 documentos
• Presentaciones técnicas de video: 215 videos
• Serie de seminarios web: 42 seminarios técnicos anuales

Redes de distribuidores estratégicos

Desglose del canal de distribución:

Tipo de distribuidor	Número de socios	Volumen de ventas anual
Distribuidores industriales	1,250	$ 2.3 mil millones
Distribuidores químicos especializados	475	$ 1.7 mil millones
Socios Estratégicos Globales	85	$ 1.1 mil millones

DuPont de Nemours, Inc. (DD) - Modelo de negocio: segmentos de clientes

Profesionales de la industria agrícola

DuPont sirve a los clientes agrícolas con un alcance del mercado global de $ 23.7 mil millones en segmento de ciencias agrícolas a partir de 2022.

Tipo de cliente	Tamaño del mercado	Enfoque del producto
Grandes granjas comerciales	$ 12.4 mil millones	Tecnologías de semillas
Granjas pequeñas a medianas	$ 6.9 mil millones	Soluciones de protección de cultivos
Agricultura de precisión	$ 4.4 mil millones	Herramientas de agricultura digital

Empresas de fabricación avanzada

El segmento de fabricación representa $ 15.2 mil millones en ingresos anuales para DuPont en 2022.

• CLIENTES DE MATERIALES ESPECIALIDAD: $ 8.7 mil millones
• Intermedios industriales: $ 6.5 mil millones

Electrónica y fabricantes de semiconductores

El segmento electrónica generó $ 5.6 mil millones en ingresos para 2022.

Segmento de clientes	Ganancia	Productos clave
Fabricantes de semiconductores	$ 3.2 mil millones	Materiales avanzados
Productores de componentes electrónicos	$ 2.4 mil millones	Materiales de rendimiento

Industrias automotrices y aeroespaciales

El segmento relacionado con el transporte representó $ 7.3 mil millones en 2022.

• Fabricantes automotrices: $ 4.9 mil millones
• Empresas aeroespaciales: $ 2.4 mil millones

Desarrolladores de tecnología sostenible

El segmento de soluciones de sostenibilidad alcanzó los $ 3.8 mil millones en 2022.

Enfoque de sostenibilidad	Valor comercial	Área tecnológica
Energía renovable	$ 1.6 mil millones	Materiales avanzados
Tecnología limpia	$ 2.2 mil millones	Soluciones de rendimiento

DuPont de Nemours, Inc. (DD) - Modelo de negocio: Estructura de costos

Inversiones significativas de investigación y desarrollo

Para el año fiscal 2023, DuPont reportó gastos de I + D de $ 1.022 mil millones, lo que representa aproximadamente el 3.8% de los ingresos totales de la compañía.

Año	Gasto de I + D	Porcentaje de ingresos
2023	$ 1.022 mil millones	3.8%
2022	$ 987 millones	3.6%

Gastos operativos de fabricación global

Los costos totales de fabricación para DuPont en 2023 fueron de $ 6.74 mil millones, con importantes inversiones en múltiples instalaciones globales.

• Instalaciones de fabricación de América del Norte: $ 2.89 mil millones
• Operaciones de fabricación europea: $ 1.65 mil millones
• Gastos de fabricación de Asia-Pacífico: $ 2.20 mil millones

Costos de adquisición y retención de talento

Los gastos totales de recursos humanos de DuPont en 2023 alcanzaron $ 2.36 mil millones, incluidos salarios, beneficios y reclutamiento.

Categoría de gastos	Cantidad
Compensación total de empleados	$ 1.84 mil millones
Reclutamiento y capacitación	$ 520 millones

Mantenimiento de la infraestructura tecnológica

La tecnología y los costos de mantenimiento de infraestructura digital para 2023 fueron de $ 412 millones.

• Actualización de sistemas de TI: $ 187 millones
• Inversiones de ciberseguridad: $ 95 millones
• Iniciativas de transformación digital: $ 130 millones

Gastos de cumplimiento y gestión regulatoria

Los costos de cumplimiento regulatorio para DuPont en 2023 totalizaron $ 345 millones en varios segmentos operativos.

Área de cumplimiento	Gasto
Cumplimiento ambiental	$ 156 millones
Regulaciones de seguridad	$ 89 millones
Informes legales y regulatorios	$ 100 millones

DuPont de Nemours, Inc. (DD) - Modelo de negocio: flujos de ingresos

Venta de productos químicos especializados

En 2023, DuPont reportó ventas de productos químicos especializados de $ 14.3 mil millones. El desglose de los ingresos por segmento incluye:

Segmento	Ingresos ($ mil millones)
Electrónica & Imagen	4.2
Movilidad & Materiales	5.1
Soluciones sostenibles	3.7
Agua & Protección	3.3

Licencias de tecnología agrícola

La licencia de tecnología agrícola generó $ 1.8 mil millones en ingresos para 2023, con áreas clave de licencia que incluyen:

• Rasgos genéticos de semillas
• Tecnología de protección de cultivos
• Patentes de biotecnología

Comercialización de materiales avanzados

Los ingresos de comercialización de materiales avanzados alcanzaron los $ 3.6 mil millones en 2023, con mercados primarios:

Mercado	Contribución de ingresos
Automotor	$ 1.2 mil millones
Electrónica	$ 1.1 mil millones
Fabricación industrial	$ 0.8 mil millones
Construcción	$ 0.5 mil millones

Servicios técnicos y consultores

Los servicios técnicos y de consultoría generaron $ 620 millones en ingresos para 2023, con servicios que incluyen:

• Consulta de ingeniería
• Apoyo de investigación y desarrollo
• Programas de capacitación técnica

Regalías de propiedad intelectual

Las regalías de propiedad intelectual contribuyeron con $ 450 millones a los ingresos de DuPont en 2023, derivados de:

• Licencia de patente
• Acuerdos de transferencia de tecnología
• Arreglos de licencia cruzada

DuPont de Nemours, Inc. (DD) - Canvas Business Model: Value Propositions

You're looking at the core offerings that DuPont de Nemours, Inc. is delivering to its customers as of late 2025, right before the planned separation of its electronics business. These value propositions are the tangible benefits driving the company's financial performance, which saw estimated full-year 2025 net sales guidance of $12.85 billion.

High-performance protection and safety solutions (e.g., Tyvek for PPE)

DuPont de Nemours, Inc. provides essential protection through materials like Tyvek, which is critical in medical packaging and personal protective equipment (PPE). The Water & Protection segment, which houses these solutions, posted net sales of approximately $1.4 billion in the fourth quarter of 2024.

• Safety Solutions sales grew at a high-single-digit organic rate in Q4 2024, driven by medical packaging volume gains.
• The Medical Segment held the largest share, 32%, in the overall HDPE Nonwovens (Tyvek) Market in 2023.
• Tyvek sales to China in 2024 were reported at $90 million, representing less than 1% of that year's total consolidated net sales.

Advanced water purification and separation technologies (Reverse Osmosis membranes)

The strength in water technologies is a key value driver for the 'New DuPont' portfolio post-spin. In the third quarter of 2025, the combined Healthcare & Water Technologies business delivered sales growth in the high-single digits organically.

This growth is directly tied to the performance of core separation technologies.

Technology Area	Reported Growth Driver (Q3 2025)	Historical Context (Q4 2024)
Reverse Osmosis & Ion Exchange	Continued strength driving organic growth.	Water Solutions sales up low-double digits organically.
Healthcare & Water Technologies Sales	High-single digits organic growth.	Part of IndustrialsCo, which saw 2% organic growth in Q1 2025.

Specialty materials for healthcare and biopharma end-markets

The focus on healthcare and biopharma is a clear source of resilience, offsetting weakness elsewhere. In Q3 2025, volume gains were specifically noted for medical packaging and biopharma applications within the Healthcare & Water Technologies unit.

For the full year 2025, the industrial co-segment (IndustrialsCo, which includes this area) was projected to see sales increase up to 4%, supported by strong demand for medical devices and applications.

Enabling technologies for advanced node semiconductor manufacturing (until spin-off)

This high-growth area, slated to spin off as Qnity Electronics, Inc. on November 1, 2025, shows premium performance metrics. Its value proposition is enabling the AI and advanced node revolution.

The segment's financial strength is evident when you compare its margins to the rest of the business.

• Q2 2025 Operating EBITDA Margin for the ElectronicsCo segment was 31.9%.
• This compares to the IndustrialsCo segment's margin of 24.4% in the same quarter.
• Semiconductor Technologies sales grew organically in the high-single digits in Q3 2025.
• Interconnect Solutions sales saw low-teens organic growth in Q3 2025.
• In Q1 2025, the ElectronicsCo segment delivered 14% organic sales growth.

Sustainable and durable solutions for construction and transportation

This area, primarily within the Diversified Industrials part of the portfolio, faces near-term headwinds, showing a more stable, lower-growth value proposition compared to electronics.

The performance here directly impacts the IndustrialsCo segment.

• Diversified Industrials sales fell in the low single digits in Q2 2025 due to persistent weakness in construction markets.
• Shelter Solutions sales were flat on an organic basis in Q4 2024 because of North America construction headwinds.

Finance: draft 13-week cash view by Friday.

DuPont de Nemours, Inc. (DD) - Canvas Business Model: Customer Relationships

You're looking at how DuPont de Nemours, Inc. maintains its grip on high-value industrial and technology markets, especially after the November 1, 2025, separation of its Electronics business, Qnity. The relationships are built on deep technical partnership, not just transactional sales.

Dedicated B2B sales force and technical service for complex solutions

DuPont de Nemours, Inc. focuses its commercial efforts on markets like healthcare and water, which require specialized material science expertise. The scale of the business these relationships support is significant; for the recast New DuPont structure, estimated full year 2025 Net Sales were about $6.865 billion, with an Operating EBITDA of about $1.575 billion. This scale necessitates a highly specialized, dedicated B2B sales force capable of providing in-depth technical service.

• Launched more than 30 new product offerings in 2025 that delivered sustainability and performance advantages for customers.
• The company received the 2024 Best Partner Award for Innovation from Samsung Electronics, underscoring success in technical collaboration.

Long-term, consultative relationships with large industrial customers

The strategy centers on being an indispensable supplier in secular growth trends. This consultative approach is how DuPont de Nemours, Inc. aims to achieve its medium-term goal of a 3-4% organic sales growth CAGR through 2028. The focus on high-demand areas like healthcare and water, which saw strong organic sales growth, suggests these relationships are sticky and value-driven rather than price-driven.

Co-development of custom material formulations with OEMs

The innovation pipeline directly reflects co-development efforts. The commitment to R&D fuels the creation of tailored materials. For instance, the company's mission is to empower the world with essential innovations, which requires deep integration with Original Equipment Manufacturers (OEMs) to solve specific engineering challenges. This is the engine behind the reported new product launches.

The strategic shift post-separation is designed to accelerate value creation by focusing on core competencies in innovation and deep customer relationships. The company is defintely using these deep ties to drive its expected 8-10% adjusted EPS growth CAGR through 2028.

Self-service and digital tools for order management and product information

While the core of the relationship is technical and consultative, DuPont de Nemours, Inc. supports efficiency through digital channels. The company is focused on operational excellence to support its commercial model. The financial context for the entire operation in late 2025 is substantial, with a quarterly dividend of $0.20 per share declared in November 2025 and a new share repurchase authorization of up to $2 billion, reflecting confidence in the underlying business stability supported by these customer interactions.

Metric Category	Financial/Statistical Data Point (Late 2025 Context)	Value
Business Scale (New DuPont)	Estimated Full Year 2025 Net Sales (Recast)	$6.865 billion
Business Profitability (New DuPont)	Estimated Full Year 2025 Operating EBITDA (Recast)	$1.575 billion
Customer Value Creation	New Product Offerings Launched in 2025 with Sustainability/Performance Advantages	More than 30
Shareholder Return Commitment	New Quarterly Dividend Declared (November 2025)	$0.20 per share
Capital Allocation for Growth/Support	New Share Repurchase Authorization	Up to $2 billion

DuPont de Nemours, Inc. (DD) - Canvas Business Model: Channels

You need to see the scale of the operation to understand how DuPont de Nemours, Inc. gets its products to market as of late 2025. The structure is a blend of direct engagement for key accounts and a broad partner network.

Direct sales to large industrial and manufacturing customers are the backbone for the high-value segments. This channel supports the core of the retained DuPont business, focused on Water & Protection, and supported the ElectronicsCo business until its November 1, 2025, separation into Qnity. For the twelve months ending September 30, 2025, consolidated net sales reached $12.817B. The Water & Protection segment, which is the core of the new DuPont, showed organic sales growth of 6% in the fourth quarter of 2024, and high-single digits organic growth in the second quarter of 2025, indicating strong direct engagement in those markets.

The global network of authorized distributors and value-added resellers is crucial for market breadth. This network partners with DuPont de Nemours, Inc.'s sales and marketing organization, including independent retailers, cooperatives, and agents worldwide. While a specific revenue split isn't public, this channel supports the overall sales volume. The company had 418,049,127 shares of common stock outstanding as of February 12, 2025, reflecting the scale of the entity supporting this network.

For e-commerce platforms for certain product lines and samples, specific revenue figures aren't broken out, but the focus on high-tech areas suggests digital support for technical sales. For example, Interconnect Solutions sales saw growth of low-teens on an organic basis in the third quarter of 2025, driven by AI ramps, which often involves direct technical consultation supported by digital tools for samples and initial orders.

The regional manufacturing and distribution centers (local-for-local strategy) are evident in the geographic performance. The company's structure is clearly regionalized for service delivery. In the first quarter of 2025, Asia Pacific delivered 13% organic sales growth, while the U.S. & Canada saw flat organic sales growth. This regional variance shows where local distribution and service capacity are most effectively driving sales volume.

Here's a quick look at the financial scale underpinning these channel activities through the third quarter of 2025:

Metric	Value (As of Q3 2025 or Latest Guidance)
Net Sales (TTM ending Sep 30, 2025)	$12.817B
Estimated Full Year 2025 Net Sales	$12.8 to $12.9 billion
Q3 2025 Organic Sales Growth	10%
Q3 2025 Operating EBITDA Margin	25.9%
Transaction-Adjusted Free Cash Flow (Q2 2025)	$433 million

The channel mix is designed to capture both the large, strategic, direct-sale opportunities and the necessary breadth provided by partners.

• Most products are marketed primarily through the Company's sales organization.
• The worldwide network includes distributors, independent retailers, cooperatives, and agents.
• Regional performance varies, with Asia Pacific showing 11% organic sales growth in Q2 2025.
• The Electronics Separation to Qnity was targeted for November 1, 2025, shifting a major product line's channel management.

DuPont de Nemours, Inc. (DD) - Canvas Business Model: Customer Segments

You're looking at the core markets DuPont de Nemours, Inc. serves after its major 2025 realignment, which separated the Electronics business into Qnity Electronics, Inc. The remaining core business, now largely structured under IndustrialsCo (which includes the former Water & Protection segment plus healthcare and non-electronics businesses), focuses on these key customer groups. The total trailing twelve months (TTM) revenue as of September 30, 2025, stood at $12.817B.

The customer base is served through distinct, high-value material science applications. For instance, in the third quarter of 2025, the combined Healthcare & Water Technologies business showed sales growth in the high-single digits organically, signaling strong demand from these end-markets. Conversely, the Diversified Industrials portion, which includes construction-related markets, saw only low-single digit organic sales growth in the same period, reflecting ongoing softness in construction.

Here's a look at the financial context for the segments housing these customers based on recent performance:

Segment/End-Market Focus	Latest Reported Organic Sales Growth	Latest Quarterly Sales (Approximate)	Key Driver/Commentary
Healthcare & Water Technologies	High-single digits (Q3 2025)	Part of IndustrialsCo Sales of $1,797 million (Q3 2025)	Driven by medical packaging, biopharma, reverse osmosis, and ion exchange.
Diversified Industrials (Industrial Technologies)	Low-single digits (Q3 2025)	Part of IndustrialsCo Sales of $1,797 million (Q3 2025)	Growth in Industrial Technologies partially offset by softness in construction.
Construction (Within Diversified Industrials)	Not specified, but showing continued softness	Contributes to softness in Diversified Industrials sales.	Weakness noted in Q2 and Q3 2025 guidance.

Water treatment and purification companies represent a significant, established customer base, even after the planned spin-off was cancelled in January 2025. The Water business generated approximately $1.5 billion in net sales in 2023, which informs the current customer mix within the post-realignment structure.

• Water treatment and purification companies (industrial and municipal)
• Healthcare and biopharma manufacturers
• Safety and Personal Protective Equipment (PPE) producers
• Diversified industrial end-markets (e.g., automotive, construction)

The composition of the former Water business highlights the diversity within that specific customer group as of 2023 data:

• Industrial and energy companies: account for about half of water revenues.
• Municipal/desalination markets: account for roughly one-fifth of sales.
• Life sciences/specialty markets: account for roughly one-fifth of sales.

For Safety and PPE producers, the underlying materials science is embedded within the IndustrialsCo segment, which saw 2% organic sales growth in Q1 2025 and 1% in Q2 2025. Automotive end-markets are also served through specific product lines now residing in IndustrialsCo, such as the Auto Adhesives & Fluids business.

Healthcare and biopharma manufacturers are key volume drivers, with their related sales (grouped with Water) showing high-single digit organic growth in Q3 2025, supported by growth in medical packaging and biopharma solutions. This contrasts with the overall IndustrialsCo organic growth of 4% in Q3 2025 (or 2% excluding order timing benefits). Finance: draft 13-week cash view by Friday.

DuPont de Nemours, Inc. (DD) - Canvas Business Model: Cost Structure

You're looking at the major drains on DuPont de Nemours, Inc.'s cash flow as of late 2025. Honestly, for a company this size, the cost structure is a complex mix of operational necessities and significant, one-time liabilities.

Cost of Goods Sold (COGS) Sensitivity

The core cost of making and selling products, the Cost of Goods Sold, remains heavily influenced by the volatile global market for inputs. While specific 2025 COGS figures are part of ongoing reporting, the trailing twelve months (TTM) figure leading up to September 2025 gives you a solid baseline. You'll want to watch energy contracts closely, as they directly feed into production costs across all segments.

Here's a look at the recent trend in COGS:

• TTM Cost of Goods Sold (ending September 2025): $8.076 billion.
• 5-year peak COGS (December 2022): $8.402 billion.
• 5-year low COGS (December 2020): $7.063 billion.

Investment in Growth and Operations

DuPont de Nemours, Inc. continues to fund its future through substantial spending on innovation and maintaining its asset base. Research & Development (R&D) is a non-negotiable cost for a technology leader, and Capital Expenditures (CapEx) reflect ongoing modernization and capacity needs, especially in high-growth areas like electronics.

For instance, looking at the first quarter of 2025, the company reported CapEx of $249 million. You know R&D expenses are tracked quarterly, but the commitment to innovation is a constant, heavy line item in the operating budget.

Selling, General, and Administrative (SG&A) Footprint

Managing a global operation means SG&A expenses are substantial, covering everything from sales teams to corporate overhead across its worldwide footprint. This cost category reflects the necessary infrastructure to support global sales and administrative functions.

The latest reported figure for SG&A shows the scale of this overhead:

Metric	Amount (Twelve Months Ending Sept 30, 2025)	Year-over-Year Change
SG&A Expenses	$1.543 billion	1.51% increase

The annual SG&A for the full year 2024 was $1.552 billion, so the TTM figure suggests a slight moderation in the rate of growth, which is positive for margin control.

Environmental and Legal Remediation Liabilities

This is where large, non-operational costs can significantly impact reported earnings. The environmental liabilities, particularly concerning PFAS contamination, represent a major structural cost. The settlement with New Jersey is a prime example of this exposure.

The New Jersey PFAS settlement, valued at over $2 billion, is split among DuPont de Nemours, Inc., Chemours Company, and Corteva, Inc. Here's the breakdown of the components related to this agreement:

• Total Settlement Value: Over $2 billion.
• Damages Paid to State (over 25 years): $875 million.
• Remediation Fund (up to): $1.2 billion.
• Reserve Fund for Failure to Complete Work (additional): $475 million.

This settlement resolves all pending environmental and other claims for legacy contamination at four specific sites in the state. It's a concrete, multi-year financial commitment you need to factor in.

Net Tariff Exposure

Trade policy creates direct cost headwinds that the company actively works to mitigate. For fiscal year 2025, DuPont de Nemours, Inc. has explicitly guided for a net tariff impact that needs to be absorbed.

The estimated net tariff exposure for FY25 is set at approximately $60 million. To give you context on the mitigation efforts, the company stated that without these actions, the annualized cost exposure could have been an estimated $500 million for the year. Furthermore, the guidance for the second half of 2025 specifically incorporated a net tariff headwind of about $20 million.

Finance: draft 13-week cash view by Friday.

DuPont de Nemours, Inc. (DD) - Canvas Business Model: Revenue Streams

You're looking at how DuPont de Nemours, Inc. (DD) brings in money, which is all about selling specialized materials and technologies across key industrial and life science markets. Honestly, the revenue picture right now is shaped by recent corporate separations, so we focus on the 'new DuPont' structure.

The core of the revenue generation comes from two main operational segments, which you can see reflected in their recent performance. For instance, in the third quarter of 2025, DuPont posted total Net Sales of $3.1 billion.

Here's a look at the segment-specific sales contributions based on recent activity:

• Sales of specialty products from the Healthcare & Water Technologies segment showed robust performance, delivering high-single-digit organic growth in the third quarter of 2025.
• Sales of materials from the Diversified Industrials segment posted growth on an organic basis in the low single-digit range for the same period.

To give you the forward-looking picture for the full fiscal year 2025, the company has set specific targets for the 'new DuPont' entity. We can lay out the key financial expectations here:

Metric	Full-Year 2025 Expectation
Net Sales Guidance	Approximately $6.84 billion
Organic Sales Growth Expectation	Expected 2% growth
Organic Growth Driver	Primarily volume-driven

The expected 2% organic sales growth for full-year 2025 is projected to be volume-driven, which tells us they are moving more product, even if pricing is a slight headwind. This is the top-line target they are working toward.

Beyond the operational sales, DuPont de Nemours, Inc. is also focused on returning capital directly to its owners. This is a key part of the overall financial structure you need to track:

• Return of capital to shareholders via a quarterly dividend set at $0.20 per share.
• This dividend is in line with the targeted 35-45% payout ratio for the new structure.

Finance: draft 13-week cash view by Friday.