(Reuters) -Industrial materials maker DuPont forecast current-quarter sales and adjusted profit below Wall Street estimates on Thursday to reflect the planned spinoff of its Qnity electronics unit and Aramids business divestiture.

The Wilmington, Delaware-based company has been undergoing a strategic reorganization and attempting to streamline its portfolio as the chemicals industry grapples with higher feedstock and energy costs.

Weak demand in key end markets, especially in Europe – where strict regulations have raised the cost of manufacturing – also weighs on the industry.

In August, DuPont had said it would sell its heat-resistant fiber business, Aramids, which houses brands such as body armor maker Kevlar, to peer Arclin for $1.8 billion.

The company’s board also greenlit the pre

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