The miracles of science™

Select Industry


DuPont News, October 23, 2007

Fourth Quarter, Full Year and 2008 Outlook

DuPont OvalDuPont updated its outlook for full-year 2007 earnings per share from about USD 3.15 to a range of USD 3.15 to USD 3.20, excluding the USD 0.09 per share charge for significant items in the year-to-date results.  For the fourth quarter 2007, the company expects strong sales growth outside the United States will continue to exceed the effect of lower demand from U.S. housing and auto markets. The company anticipates pre-tax operating income (PTOI) to grow substantially from last year's fourth quarter, reflecting continued execution of its growth strategies and productivity initiatives partially offset by higher ingredient costs.  Net Income growth is expected to be tempered by a much higher base tax rate in the fourth quarter versus the prior year.

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.  The company's current outlook is to grow 2008 earnings per share about 5 to 10 percent from its anticipated 2007 earnings of USD 3.15 to USD 3.20 per share before significant items. 

The company generated 11 percent earnings per share growth before significant items in the first nine months of the year. 

"This performance places us firmly on track to achieve our 2007 outlook and sets the stage for continued growth in 2008," Chad said.  "While uncertainties remain in the global economy, we are confident in our ability to deliver solid earnings growth next year.

"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," Chad said. "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."