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DuPont Posts 3Q Results

October 26, 2010

DuPont's sales reach $7 billion

DuPont’s total company sales for the third quarter 2010 were $7 billion, with sales in emerging markets up 22%.

DuPont’s third quarter consolidated net sales were $7 billion, 17% higher than the prior year, reflecting 14% higher volume, 5% higher local selling prices, a 1% reduction from currency exchange rates and a 1% reduction due to portfolio changes.

DuPont’s third quarter net income reached $367 million compared to $409 million the prior year. 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.

In the Safety & Protection Segment, sales totaled $871 million, an increase of 30%, primarily due to higher volume. Growth reflects increased demand for aramid and nonwoven products due to strengthening in industrial markets and strong demand across all regions.

In the Performance Coatings sector, sales totaled $937 million, an increase of 6%, on 5% higher volume, reflecting continued strengthening in North American and European heavy duty truck markets and increased demand in global automotive markets, most significant in North America.

In the Electronics & Communications segment, sales reached $703 million, an increase of 30%, reflecting higher volume and higher selling prices. Higher volume was driven by growth in all regions, particularly in Asia Pacific and Europe, and strong demand across most market segments, particularly in photovoltaics.

Performance Materials tallied sales of $1.6 billion, an increase of 21%, reflecting higher volumes and higher selling prices.