DuPont updates outlook for first quarter earnings

DuPont announced Wednesday that it expects underlying earnings for first quarter 2002 to exceed the high end of current First Call earnings estimates, which is USD 0.51 per share.

The company said that the change in its first quarter outlook reflects lower fixed costs across most of its reporting segments, as well as somewhat stronger early season sales in its production agriculture businesses. The company also indicated that, despite some firming in a number of its chemical and materials businesses versus the fourth quarter of 2001, there is still some uncertainty about the timing of a broad-based recovery in end-user demand.

DuPont will provide further details on its first quarter results on April 23, via its first quarter earnings news release, Web site postings and investor conference call.

600450 DuPont updates outlook for first quarter earnings
Date: 8 April 2002
Source: DuPont

See more news about:

Others also read

William A. Wulfsohn, vice president and general manager of Nylon System for Honeywell International, has been named vice president of European coatings for PPG Industries (NYSE:PPG) and managing director of PPG Europe. "Bill will play a vital role in helping our European coatings businesses achieve their full potential," said Michael A.
Apogee Enterprises Inc. reported level sales but an increase in earnings for the third quarter of its fiscal 2003. Bloomington-based Apogee, which makes glass products and services, said the earnings increase was mainly the result of improvements in its architectural glass business.
Bystronic is to take over Armatec Vierhaus GmbH with effect from 1 January 2003. For Bystronic, a global supplier of system solutions for the manufacture of architectural and automotive glass, the takeover of Armatec, which specialises in laminated safety glass and handling systems, ideally complements the Bystronic portfolio.
The butterflies at Melbourne Zoo have gone upmarket with a new accommodation wing featuring Pilkington glass.
Owens-Brockway Glass Container Inc., an indirect wholly-owned subsidiary of Owens-Illinois, Inc., (NYSE: OI) announced today that is has closed on the sale of $175 million principal amount of its 8-3/4% Senior Secured Notes due November 15, 2012.
UCB reached an agreement with Solutia to acquire Solutia's Resins, Additives & Adhesives activity for $500 million, plus a $10 million exclusivity fee.

Add new comment