1、May 2,20251Q 2025Financial Results2OverviewOn January 15,2025,DuPont de Nemours,Inc.(“DuPont”,or after the completion of the Intended Electronics Separation,“New DuPont”)announced it is targeting November 1,2025 to complete the intended separation of its Electronics business(the“Intended Electronics
2、 Separation”)by way of a spin-off transaction,thereby creating a new independent,publicly traded electronics company(“ElectronicsCo”).The Intended Electronics Separation will not require a shareholder vote and is subject to satisfaction of customary conditions,including final approval by DuPonts Boa
3、rd of Directors,receipt of tax opinion from counsel,the completion and effectiveness of the Form 10 registration statement filed with the U.S.Securities and Exchange Commission,applicable regulatory approvals and satisfactory completion of financing.Effective in the first quarter of 2025,in light of
4、 the Intended Electronics Separation,the Company realigned its management and reporting structure.This realignment resulted in a change in reportable segments in the first quarter of 2025 which changed the manner in which the Company reports financial results by segment,(the 2025 Segment Realignment
5、).As a result,commencing with the first quarter of 2025,the businesses to be separated as part of the Intended Electronics Separation are reported separately from the other businesses of DuPont.The discussion of results,including the financial measures further discussed below,are reflective of the n
6、ew two segment reporting structure as described below:ElectronicsCo includes the businesses within the Semiconductor Technologies and Interconnect Solutions lines of business,as well as the electronics-related product lines previously within Industrial Solutions,including electronics polymers and pe