DuPont improves outlook for second quarter earnings

Date: 1 July 2002
Source: DuPont

Date: 1 July 2002

As reported yesterday, DuPont has announced it now estimates second quarter underlying earnings per share to be between USD 0.64 and USD 0.67.

This represents an improvement of the company's previous earnings estimate of about USD 0.55. The company's underlying earnings in the second quarter of 2001 were USD 0.41 per share.

The improved outlook reflects higher sales across most of the DuPont reporting segments. Current First Call consensus is USD 0.56 per share.

Separately, the company now expects to complete its evaluation of goodwill in accordance with SFAS 142 and to announce a non-cash impairment charge with its second quarter earnings report.

DuPont will provide further details when it releases second quarter results on July 24.

600450 DuPont improves outlook for second quarter earnings glassonweb.com

See more news about:

Others also read

Apogee Enterprises Inc. reported level sales but an increase in earnings for the third quarter of its fiscal 2003. Bloomington-based Apogee, which makes glass products and services, said the earnings increase was mainly the result of improvements in its architectural glass business.
William A. Wulfsohn, vice president and general manager of Nylon System for Honeywell International, has been named vice president of European coatings for PPG Industries (NYSE:PPG) and managing director of PPG Europe. "Bill will play a vital role in helping our European coatings businesses achieve their full potential," said Michael A.
Bystronic is to take over Armatec Vierhaus GmbH with effect from 1 January 2003. For Bystronic, a global supplier of system solutions for the manufacture of architectural and automotive glass, the takeover of Armatec, which specialises in laminated safety glass and handling systems, ideally complements the Bystronic portfolio.
Owens-Brockway Glass Container Inc., an indirect wholly-owned subsidiary of Owens-Illinois, Inc., (NYSE: OI) announced today that is has closed on the sale of $175 million principal amount of its 8-3/4% Senior Secured Notes due November 15, 2012.
The butterflies at Melbourne Zoo have gone upmarket with a new accommodation wing featuring Pilkington glass.
UCB reached an agreement with Solutia to acquire Solutia's Resins, Additives & Adhesives activity for $500 million, plus a $10 million exclusivity fee.

Add new comment