DuPont News, October 20, 2009
DuPont 2009 Earnings Outlook Revised
DuPont revised its full-year 2009 earnings outlook to a range of $1.95 to $2.05 per share, excluding significant items. This reflects a narrowing toward the upper end of the company’s previous range of $1.70 to $2.10 per share. The full-year free cash flow target remains $2.5 billion.
The outlook anticipates improving demand across key markets. The company expects lower raw material costs and currency exchange rates will be a benefit to earnings in the fourth quarter versus the prior year.
Aggressive actions to reduce costs and capital expenditures will continue as the company maintains an appropriate level of investment for high-growth, high-margin businesses including seed products and photovoltaics.
