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Wilmington, DE (USA), 23 October 2007 -  ““DuPont generated solid operating leverage and 20 percent earnings per share growth in the third quarter,” said Charles O. Holliday, Jr., DuPont chairman and chief executive officer.  “We increased sales outside the United States 11 percent and grew worldwide Agriculture & Nutrition segment sales 21 percent.  Our performance reflects the concentrated actions of our employees to execute our growth strategies and productivity initiatives, which overcame the challenges of higher cost ingredients and lower U.S. demand.”

Consolidated net sales increased 6 percent to $6.7 billion in the quarter.  Excluding portfolio changes, sales grew 7 percent and sales generated outside the United States were 64 percent of total consolidated net sales.  Volume rose 6 percent outside the United States, with significant growth in Latin America, led by the Agriculture & Nutrition segment.

Net income for the third quarter 2007 was $526 million, or $0.56 per share, including a $0.03 per share litigation charge.  Third quarter 2006 net income was $485 million, or $0.52 per share, including a $0.03 per share benefit for insurance recoveries. 

Business segment pre-tax operating income (PTOI) for the third quarter 2007 grew 2 percent to $916 million from $900 million in the third quarter 2006.  Excluding significant items from the prior-year third quarter, segment PTOI increased 12 percent from $850 million.

DuPont’s 2008 outlook is positive.  The company expects strong revenue growth in emerging markets and anticipates significant earnings growth in its Agriculture & Nutrition segment.  New product acceleration efforts and continued cost and capital productivity gains across the company are expected to be additional contributing factors.  This positive outlook is moderated by potentially lower demand from U.S. housing and automotive markets and the uncertainty of ingredient costs.  

 “This performance places us firmly on track to achieve our 2007 outlook and sets the stage for continued growth in 2008. While uncertainties remain in the global economy, we are confident in our ability to deliver solid earnings growth next year,” Holliday said. “Looking beyond 2008, DuPont is well-positioned to capitalize on exciting growth opportunities in markets such as energy efficiency, agriculture productivity, renewable energy, and safety and security. We have aligned our research and development investments with these growth opportunities and are positioned to deliver attractive returns in these fast growing markets with a strong pipeline of new technologies and products.”
  
DuPont is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people verywhere. Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and ransportation.