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WILMINGTON, Del. - DuPont (NYSE: NYSE:DD), a global innovation leader in technology-based materials and solutions with a market capitalization of $34.15 billion and annual revenue of $12.39 billion, announced today the immediate appointment of Kurt McMaken to its Board of Directors. McMaken will join both the Audit and the Nomination and Governance committees.
Kurt McMaken currently serves as the Chief Financial Officer of Brinks, a prominent company specializing in the management of cash and valuables, as well as providing digital retail and ATM managed services. Before his tenure at Brinks, which began in 2022, McMaken held the position of senior vice president, Operations Finance and Finance Transformation at Eaton (NYSE:ETN) Corporation plc. His career at Eaton spanned two decades, where he held various financial and management roles. McMaken’s professional journey started at PricewaterhouseCoopers LLP in their Audit & Business Advisory Services practice.
DuPont’s Executive Chairman Ed Breen expressed confidence in McMaken’s abilities, citing his "global business expertise in the manufacturing sector and extensive background in finance and strategic planning" as valuable assets for DuPont’s future growth and value creation strategies. The company maintains a strong financial position with a "GOOD" overall health score according to InvestingPro analysis, and has consistently paid dividends for 54 consecutive years, currently offering a 1.83% yield.
McMaken is an alumnus of Georgetown University, where he earned a Bachelor of Science degree, and he holds an M.B.A. from the University of Chicago Booth School of Business.
DuPont, known for its contributions to various industries including electronics, transportation, construction, water, healthcare, and worker safety, relies on its diverse science and expertise to provide customers with essential innovations. According to InvestingPro, which offers comprehensive analysis and 8 additional key insights about DuPont’s performance, the company’s stock is currently trading near its Fair Value. This appointment is part of DuPont’s ongoing efforts to enhance its leadership and strategic direction.
This news is based on a press release statement.
In other recent news, DuPont reported impressive fourth-quarter earnings, with adjusted earnings per share of $1.13, surpassing analyst expectations of $0.99. The company’s revenue for the quarter was $3.09 billion, slightly above the anticipated $3.08 billion, marking a 7% year-over-year increase. DuPont’s strong performance was driven by robust demand in electronics and growth in the water and healthcare markets. BMO Capital Markets and Barclays (LON:BARC) both adjusted their outlooks, with BMO raising its price target to $112 and maintaining an Outperform rating, while Barclays upgraded DuPont to Equalweight and increased the target to $89. BofA Securities also raised its price target to $88, maintaining an Underperform rating, citing DuPont’s impressive earnings and optimistic 2025 outlook. The company expects 2025 earnings per share between $4.30 and $4.40, with revenue ranging from $12.8 to $12.9 billion. DuPont’s ElectronicsCo division, which showed a 7% sales increase and a 19% rise in EBITDA, is set for a planned separation on November 1. Analysts highlight this strategic split as a potential catalyst for further growth and investor interest.
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