Business News

Highlights, Net Income & Global Consolidated Sales

Thursday 28. October 2010 - All segments had robust volume increases, with Safety & Protection up 31% and Electronics & Communications up 24%.

DuPont made a $500 million voluntary contribution to its principal U.S. pension plan in September. The company expects 2010 free cash flow to be about $1.7 billion.
Third quarter 2010 consolidated net sales of $7.0 billion were 17% higher than 2009 reflecting 14% higher volume, 5% higher local selling prices, a 1% reduction from currency exchange rates and a 1% reduction from portfolio changes. Emerging markets sales increased 22%.
The table below shows regional sales and variances versus the third quarter 2009.
Net income attributable to DuPont for the third quarter 2010 was $367 million versus $409 million in 2009. Pharmaceuticals income was down substantially in the quarter related to patent expirations. Fourteen percent higher sales volume was partly offset by selected growth investments in Agriculture & Nutrition and Safety & Protection and higher pension expense. Fixed costs were 45% of sales, improving from 49% in third quarter 2009. Fixed cost productivity is tracking ahead of pace for the full year.