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DuPont Posts 3Q Results

May 31, 2011

DuPont's company sales for the first quarter of 2011 were $10 billion with 9% higher sales volume, 8% higher local price and a 1% increase from portfolio changes.

Sales in developing markets grew 30%.

First quarter consolidated net sales were $10 billion, 18% higher than the prior year, reflecting 9% higher local prices and a net 1% increase due to portfolio changes.

DuPont's first quarter net income was $1.4 million compared to $1.1 million the prior year, reflecting higher sales volumes and selling prices, partly offset by a $171 million decline in pharmaceuticals pre-tax income due to patent expirations.

In the Safety & Protection segment, sales totaled $1 billion, rising 22% and reflecting a 14% volume increase and a 7% increase from a portfolio change. Growth came from increased demand for aramid and nonwoven products in industrial markets across all regions.
In the Performance Coatings sector, sales reached $1 billion, increasing 10%, reflecting 6% higher selling prices and 6% higher volume. Sales increased across all regions, especially in the U.S. and Asia Pacific.

In the Performance Materials sector, sales reached $1.7 billion, an increase of 11%, with 7% higher volume, 6% higher selling price and a 2% reduction form a portfolio change. Continued improvement in automotive, electronic and packaging markets resulted in higher volume.