By Elias Schisgall

DuPont de Nemours said it will undergo a reverse stock split on a 1-for-3 basis and reaffirmed its guidance.

The materials and chemicals company on Tuesday said the reverse split was approved by both shareholders and the board of directors. The split will become effective just past midnight on June 24.

The split is expected to reduce the company's total outstanding shares to roughly 135 million from about 405.1 million, based on the company's outstanding share count as of Friday. The total shares authorized for issuance will also be reduced by one-third, the company said.

Shareholders who would be entitled to receive fractional shares will instead receive a cash payment from the company's transfer agent, Computershare Trust Company.

The company also backed its second-quarter and full-year guidance. Taking into account the reverse split, the company is projecting second quarter adjusted earnings of $1.75 a share and full-year adjusted earnings between $7.02 and $7.16 a share.

Shares rose about 0.8%, to $49.50, in after-hours trading Tuesday. The stock closed up 2.8%, at $49.46, and has gained 23% this year.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

May 26, 2026 16:37 ET (20:37 GMT)

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