DuPont 2Q Earnings Grow 8 Percent

DuPont News, July 24, 2012
 
Ellen Kullman

 

Today, DuPont reported second quarter 2012 earnings per share (EPS) and announced it expects full-year earnings to be toward the lower end of its existing outlook range of $4.20 to $4.40 per share, excluding significant items.

DuPont’s second-quarter 2012 earnings per share were $1.48 per share compared to $1.37 in 2011, excluding significant items from both periods.  Reported second-quarter earnings were $1.25 per share compared to $1.29 in 2011.

Sales were $11.0 billion, up 7% versus 2011. This reflects 6% higher local prices, a 5% increase from portfolio changes, partially offset by a 3% reduction from currency and 1% lower sales volume.  Sales in developing markets grew 11%.

“Our agriculture, food and bioscience businesses are performing exceptionally well globally, and our advanced materials businesses are achieving solid results despite slower growth in some key markets and continued weakness in Europe,” said DuPont Chair & CEO Ellen Kullman. “Our global teams continue to execute well in a dynamic environment, while investing for growth driven by science-powered innovation and collaboration.”

The table below shows year-over-year earnings per share (EPS) variances for the first quarter.