DuPont de Nemours, Inc. (NYSE:DD) will look for mergers and acquisitions. During the company's fourth quarter 2022 earnings conference call, Edward Breen, Chief Executive Officer, said that ‘We exited the year in a favorable balance sheet and liquidity position, and we look to further allocate excess capital over time to maximize value creation through both opportunistic M&A and incremental share repurchases. Our M&A focus remains on targets that fit within our growth pillars and are aligned with key secular growth trends that we have highlighted.

Further, our disciplined approach to portfolio management will ensure that DuPont focuses on growing businesses where we are the best strategic owner'. ‘Yes, we're looking at a couple of things we've been interested in. But my gut is we will do a bolt-on acquisition this year, but that's not a given.

We're in no rush. We want to get it at the right price. So we'll see, but we're definitely looking and zeroed in on a couple of things.

But I put them more in the bolt-on size from a spend category, and it would clearly be in one of our growth pillars where we have the expertise. And what we really want to do is pick up innovation and R&D and technologies in core areas to build out a couple of the platforms'.