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  "docSlug": "8aba66576764",
  "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)",
  "authorId": "06_Trian_Partners",
  "authorName": "Nelson Peltz",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2015-04-21 00:00:00",
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  "pageNumber": 13,
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  "notes": "The slide uses a table to contrast Q1 2014 vs Q1 2015 performance metrics.",
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      "kind": "callout",
      "text": "While Q1 EPS was above consensus, management has beaten Q1 consensus two out of the last three years, while ultimately missing Fiscal Year guidance in each of those years",
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      "kind": "list",
      "text": "Organic Revenue Growth of -1% Y-O-Y\nSegment margins contracted by ~100bps\nOperating EPS decline 15% Y-O-Y (meager 1% increase, excluding currency)\nRevised full year 2015 guidance to “low end” of previously communicated range\nWhile Q1 EPS was above consensus, management has beaten Q1 consensus two out of the last three years, while ultimately missing Fiscal Year guidance in each of those years",
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      "text": "Operating EPS: 15%",
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      "kind": "source-note",
      "text": "Source: DuPont 4/21/15 Form 8-K and other SEC filings and Bloomberg. (1) Source: DuPont SEC filings, average of 2011-2014.",
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      "text": "Net Revenue, % - Growth, % - Organic Growth, Adjusted Segment EBIT, % - Growth, % - Margin, Operating EPS, % - Growth, Adjustment: Reported Impact of Currency, Adjusted Operating EPS ex. Currency, % - Growth",
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      "text": "Q1, Typically ~40% Of Fiscal Year Earnings(1), Was \"More Of The Same\"",
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