DuPont said on Tuesday it plans to announce a $2 billion share repurchase program after separation from DowDupont on June 1.
DowDuPont, formed in 2017 by the $130 billion merger of chemical giants Dow Chemical and DuPont, is now in the process of splitting into three separate business units - Dow, DuPont and Corteva Agriscience.
Dow Inc, which makes chemicals used in cosmetics, paints and packaging, was spun off on April 1. Corteva is set to be separated on June 1. The company produces corn, soybean, cotton sunflower seeds as well as insecticides and herbicides.
DuPont, which makes chemicals used in semiconductors, brake fluids and lubricants, plans to grow full-year organic revenue by 2 percent to 3 percent and adjusted operating core earnings by 3 percent to 5 percent as a separate entity.