DuPont Reports Fourth Quarter 2009 EPS of $.48; Increases 2010 Guidance Results Reflect Improving Volumes in all Regions

Results Reflect Improving Volumes in all RegionsHighlights:DuPont's fourth-quarter 2009 earnings were $.48 per share, compared to a fourth-quarter 2008 loss of $.70 per share.

Excluding significant items, fourth-quarter 2009 earnings were $.44 per share versus a $.28 per share loss in the prior year (see Schedule B.)

Sales of $6.4 billion were up 10 percent versus prior year, led by sales growth greater than 20 percent for titanium dioxide, electronic materials, performance polymers and seed products.

Volume grew 10 percent, with increases in all regions. Asia Pacific sales exceeded pre-recession levels with volume up 34 percent versus prior year, reflecting very strong demand in China, Japan, Korea and India.* Raw material, energy and freight costs for the fourth-quarter were about 20 percent lower after adjusting for currency and volume.

The company exceeded its full-year goal to deliver $1 billion of fixed cost reductions and productivity actions.

Full-year 2009 earnings were $1.92 per share versus $2.20 in 2008. Excluding significant items, 2009 earnings were $2.03 per share versus $2.78 in the prior year.

Full-year free cash flow of $3.4 billion achieved the company's goal, reflecting capital productivity and favorable currency impact. DuPont increased its full-year 2010 earnings guidance to a range of $2.15 to $2.45 per share. The previous guidance was $2.10 to $2.40 per share.

"Across the organization, DuPont delivered on its commitments in 2009," said DuPont (NYSE: DD) Chair and CEO Ellen Kullman. "We intend to emerge stronger in 2010 by building on the work we accomplished last year, with a focus on sales growth through market-driven innovation and operating leverage. We remain committed to compound annual growth targets of 10 percent for top-line and 20 percent for earnings through 2012."

Global Consolidated Sales and Net Income

Fourth-quarter 2009 consolidated net sales of $6.4 billion were 10 percent higher than prior year, reflecting 10 percent higher volume, 3 percent lower local prices, a 4 percent positive impact from currency exchange rates and a 1 percent reduction from portfolio changes. The table below shows regional sales and variances versus fourth-quarter 2008.

Read the full report here.

600450 DuPont Reports Fourth Quarter 2009 EPS of $.48; Increases 2010 Guidance Results Reflect Improving Volumes in all Regions glassonweb.com

See more news about:

Others also read

The report focuses on Global major leading players with information such as company profiles, product picture, future road map, opportunities and investment.

DowDuPont™ today announced the members of the future boards of directors of Dow, DuPont, and Corteva Agriscience™, establishing strong governance structures that will support the long-term value creation of each independent company.
As in 2016, Sparklike will also be participating in this year's Engineered Transparency, where Sparklike's Sales Director, Mr. Mauri Saksala will be presenting the paper Independent Testing of Sparklike Laser™ – Non-destructive Insulating Glass Gas Fill Analyser.
The 2017 annual report of Şişecam Group, was awarded the "Bronze" prize in ARC (Annual Report Competition), one of the world's most prestigious annual report competitions and organized by MerComm this year for the 32nd time.
The Glass and Glazing Federation has released its Annual Report 2018 reporting on the activity and performance of the Federation for the year ending 31st December 2017.
China now is the largest manufacturer and user of architectural doors and windows and facades in the globe. The number of industry players in the construction industry of doors, windows and facades in China is approximately 6.8 million at present.

Add new comment