Packaging

DuPont Outlook for 2011

Monday 31. January 2011 - DuPont revised its full-year 2011 earnings outlook to a range of $3.45 to $3.75 per share. Previous guidance was $3.30 to $3.60 per share. This revision reflects a lower base tax rate of 20-21% and reduced pension expense headwind, partly offset by anticipated dilution from increased shares outstanding.

The earnings outlook reflects the expectation for continued steady global economic growth with increasing industrial production, favorable North American agricultural conditions and the company’s further penetration of developing markets. As previously announced, earnings from Pharmaceuticals are expected to decline about $280 million pre-tax versus 2010.
DuPont announced Jan. 9 that it entered into a definitive agreement for the acquisition of Danisco, expected to be completed early in the second quarter. The impact of this acquisition could reduce 2011 earnings by $.30-$.45 per share on a reported basis.