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

ndustrial

coatings and benefits from cost productivity and currency. These gains

were offset by lower volumes and the absence of a prior-year quarter

$16 million hurricane-related insurance recovery.

Electronic & Communication Technologies

-- Sales grew 12 percent to $1.0 billion and PTOI increased 41 percent to

$175 million, reflecting strong demand for refrigerants and

photovoltaic products.

Performance Materials

-- Sales grew 8 percent to $1.7 billion from continued strength in Asian

and European automotive and packaging materials markets.

-- PTOI increased 46 percent to $219 million in the quarter. Excluding a

$52 million significant item charge in the prior year, PTOI increased

8 percent. Sales improvement was partially offset by higher cost

ingredients and costs associated with manufacturing process

consolidations.

Safety & Protection

-- Sales were $1.4 billion, equal to the prior-year quarter. Excluding

the impact of a chemical business divestiture, sales grew 4 percent.

The impact of positive USD pricing and growth in emerging markets was

largely offset by lower volumes in U.S. construction markets.

-- PTOI was $272 million, down 7 percent reflecting lower volume, higher

costs associated with growth investments and the impact of a divested

business.

Additional information on segment performance is available on the DuPont Investor Center website at http://www.dupont.com.

Outlook

The company today reaffirmed its full-year 2008 earnings outlook of $3.40 to $3.55 per share and its first half 2008 earnings outlook for growth of about 10 percent, excluding significant items. The company also said it continues to expect second quarter earnings of about $1.05 per share. For the remainder of 2008, the company
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SOURCE DuPont
Copyright©2008 PR Newswire.
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