DuPont Reports Solid Third Quarter Results - Emerging Markets Sales Grow 25 Percent

Date: 25 October 2008
Source: Dupont
Highlights • Third quarter 2008 earnings per share were $.40, including a hurricane-related charge of $.16 per share.

Excluding significant items, earnings were $.56 per share compared to $.59 per share in the third quarter 2007.

• Sales increased 9 percent to $7.3 billion, reflecting 9 percent higher local selling prices, a 4 percent currency benefit and 4 percent lower volume. Continuing growth in emerging markets, where sales increased 25 percent, contributed to 16 percent sales growth outside the United States.

• Higher selling prices more than offset a 16 percent increase in raw material, energy and freight costs.

• Agriculture & Nutrition sales grew 22 percent, reflecting strong demand in the southern hemisphere.

• For the nine months ended September 30, 2008, earnings per share were $3.05, up 13 percent excluding significant items.

• The company provided fourth quarter 2008 earnings guidance of $.20 to $.25 per share which reflects continuing hurricane-related business interruption impacts of about $.10 earnings per share and expected weakening demand in North American and Western European markets.

• The company revised its full-year 2008 earnings outlook to a range of $3.25 to $3.30 per share, excluding significant items. The previously provided full-year outlook was a range of $3.45 to $3.55 per share.

“Our businesses performed well in the third quarter despite hurricanes and slower economies around the world, reflecting the strong position of our science-based products in production agriculture, photovoltaics and emerging markets,” said DuPont Chairman and CEO Charles O. Holliday, Jr.

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600450 DuPont Reports Solid Third Quarter Results - Emerging Markets Sales Grow 25 Percent
Date: 25 October 2008
Source: Dupont

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