Business News
DuPont: Fourth Quarter 2008 Outlook
Tuesday 21. October 2008 - The company expects fourth quarter 2008 earnings to be in the range of USD .20 to USD .25 per share, excluding significant items. The outlook includes expected earnings impact of about USD .10 per share from hurricane-related business interruptions, principally the loss of production and sales from the companys Orange, Texas plant.
The outlook also reflects expected weakening demand in North American and Western European markets. Based on the fourth quarter estimate, the company expects to earn between USD 3.25 and USD 3.30 per share for the full year 2008, excluding significant items. Comparable full-year 2007 earnings were USD 3.28 per share. The companys previous outlook, issued July 22, 2008, was USD 3.45 to USD 3.55 per share.
“Our leadership teams around the world are actively engaged with customers and suppliers, making appropriate and timely adjustments to any changes in demand,” Chad said. “We enter these challenging times in a better position than any prior economic slowdown. Our cash position, borrowing capability, and balance sheet are strong and we remain intensely focused on our operating cash flows.”