Business News
DuPont Reports First Quarter 2008 Results
Friday 25. April 2008 - First quarter 2008 earnings were USD 1.31 per share compared to USD 1.01 in the prior year. Excluding a significant item charge in the prior year, earnings per share increased 22 percent.
“Were off to a strong start for the year,” said DuPont Chairman and CEO Chad Holliday. “Our investments in agriculture and emerging markets enabled us to capitalize on robust growth in those areas which, when combined with gains from our productivity improvement programs, more than offset higher ingredient costs and weakness in certain U.S. markets. Well continue to drive faster revenue growth from science-based, high value-added products and greater productivity.”
“Despite the impact of weaker demand in certain U.S. markets, this quarter is a good first step toward achieving our accelerated growth objectives,” Chad said. “Were taking the right actions in attractive markets to maximize value for shareholders.”
EPS Analysis
EPS
1st Quarter 2007 – Reported $ 1.01
Less: Significant items (0.06)
EPS excluding significant items 1.07
Local prices 0.36
Variable costs* (0.28)
Volume (0.01)
Fixed costs* (0.03)
Currency 0.11
Pharmaceuticals 0.01
Tax 0.03
Lower interest expense 0.02
Lower shares 0.03
1st Quarter 2008 – Reported $ 1.31
*Excludes volume and currency impact