Business News

DuPont: Third Quarter Highlights, Net Income and Sales

Tuesday 21. October 2008 - Third quarter 2008 earnings per share were USD .40, including a hurricane-related charge of USD .16 per share. Excluding significant items, earnings were USD .56 per share compared to USD .59 per share in the third quarter 2007.

Sales increased 9 percent to USD 7.3 billion, reflecting 9 percent higher local selling prices, a 4 percent currency benefit and 4 percent lower volume. Continuing growth in emerging markets, where sales increased 25 percent, contributed to 16 percent sales growth outside the United States.
Higher selling prices more than offset a 16 percent increase in raw material, energy and freight costs.
Agriculture & Nutrition sales grew 22 percent, reflecting strong demand in the southern hemisphere.
For the nine months ended September 30, 2008, earnings per share were USD 3.05, up 13 percent excluding significant items.
Global Consolidated Net Income and Sales
Consolidated net sales grew 9 percent to USD 7.3 billion. Sales outside the United States grew 16 percent and accounted for 68 percent of worldwide sales. Sales in emerging markets grew 25 percent. A 9 percent increase in local selling prices more than offset lower global sales volumes resulting from weak demand in motor vehicle and construction-related markets, and hurricane disruptions.