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DuPont Delivers Strong 2Q Earnings

Published on 2010-07-28. Author : SpecialChem

DuPont reported second quarter 2010 earnings per share (EPS) and increased 2010 guidance, reflecting improving volumes in all segments and all regions.

DuPont's second-quarter 2010 reported earnings per share were $1.26, compared to $.46 in second quarter 2009. Sales were $8.6 billion, up 26% versus 2009. This reflects 21% higher volume, 5% higher local selling prices, a 1% benefit from currency, and a 1% reduction from portfolio changes. Emerging markets sales increased 32%.

"Our outstanding focus and disciplined execution delivered excellent results," said DuPont Chair and CEO Ellen Kullman. "DuPont's global team worked closely with customers, applying the breadth and depth of our science capabilities to meet market needs. We grew sales across every segment. Several businesses, including electronics and titanium dioxide, delivered results that far exceeded pre-recession levels. We continue to hit our productivity and cost-control targets, and remain highly disciplined in creating operating leverage to further grow the company."

About DuPont:

Founded in 1802, Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in approximatley 80 countries, DuPont offers a wide range of innovative products and services for markets including agriculture, nutrition, electronics, communications, safety and protection, home and construction, transportation and apparel. puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in approximatley 80 countries, DuPont offers a wide range of innovative products and services for markets including agriculture, nutrition, electronics, communications, safety and protection, home and construction, transportation and apparel.

Source: DuPont


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