DuPont De Nemours, Inc. (DD) reported a mixed first-quarter fiscal 2024 with a 3% year-over-year sales decline to $2.931 billion, surpassing consensus estimates. Organic sales dropped by 6%, with varying declines across regions. The company saw a notable recovery in the electronics market, with significant volume growth in Semiconductor Technologies and Interconnect Solutions. Despite a decrease in Water & Protection sales and a contraction in operating EBITDA margins, DuPont beat adjusted EPS expectations and reported a substantial increase in adjusted free cash flow. The company anticipates sequential sales and earnings improvement in Q2 2024, driven by favorable seasonality and continued recovery in electronics. DuPont has raised its 2024 outlook for adjusted EPS and revenue, reflecting optimism about its future performance. Shares surged 7.77% to $78.13 following the announcement.