Date: 22 October 2009
We delivered on our commitment to shareholders, while navigating through some very difficult business conditions,” said DuPont CEO Ellen Kullman. “We see overall sequential improvement in our industrial businesses as market conditions begin to firm.With a more streamlined organization, permanent fixed cost reductions and increased productivity, DuPont is well-positioned to capitalize as markets improve.
“We will continue to leverage our market-driven science across the company to deliver products customers want around the world,” Ellen said. “We are focused on growth and our rigorous operational discipline in order to deliver continued earnings improvement.”
The table below shows year-over-year earnings per share (EPS) variances for the third quarter. Earnings principally reflect lower variable and fixed costs, lower sales volume and the impact of the stronger dollar. Capacity utilization has significantly improved versus prior quarters this year.
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