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DuPont Reports First Quarter Earnings Growth of Over 20 Percent
Date:4/22/2008

eaker demand in certain U.S. markets, this quarter is a good first step toward achieving our accelerated growth objectives," Holliday said. "We're taking the right actions in attractive markets to maximize value for shareholders."

Global Consolidated Sales

Consolidated net sales increased 9 percent to $8.6 billion in the first quarter. Sales outside the United States represented 62 percent of total sales and increased 16 percent, while sales in the U.S. were equal to last year. A summary of first quarter 2008 worldwide and regional sales performance is shown below.

Three Months Ended

March 31, 2008 Percentage Change Due to:

Local

% Currency Currency Portfolio

(Dollars in billions) $ Change Price Effect Volume /Other

U.S. $3.3 - 6 - (5) (1)

Europe 2.9 18 5 9 4 -

Asia Pacific 1.3 11 4 4 6 (3)

Canada & Latin America 1.1 15 5 11 (1) -

Total Consolidated Sales $8.6 9 6 5 (1) (1)

Net Income and Earnings Per Share

Net income for the first quarter 2008 was $1,191 million, or $1.31 per share. First quarter 2007 net income was $945 million, or $1.01 per share, including a significant item charge of $52 million, or $.06 per share. The table below shows the variances in first quarter 2008 earnings per share (EPS) versus first quarter 2007.

EPS Analysis

EPS

1st Quarter 2007 - Reported $1.01

Less: Significant items (0.06)

EPS excluding significant items 1.07

Local prices
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SOURCE DuPont
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