Additional Information
Market: NYSE
Sector: Chemicals
Latest Price: 56.14  (9.48% Ascending)
52-week High: 80.50
52-week Low: 47.32
Market Cap: 50,797.60M
1 year chart
1 day chart

DuPont is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 90 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.

DuPont Q1 net gains, beats estimates; dividend raised

23rd Apr 2013, 8:54 am by Mourad Haroutunian
First-quarter sales rose 2 percent to $10.4 billion from $10.2 billion. First-quarter sales rose 2 percent to $10.4 billion from $10.2 billion.


DuPont Co. (NYSE:DD), the largest U.S. chemical company by market value, reported first-quarter profit gain that surpassed analysts' estimates as sales of new seed and crop protection products rose. The company increased its dividend by 5 percent.

Net income for the quarter that ended March 31 climbed to $3.35 billion, or $3.58 a share, from $1.49 billion, or $1.58 a share, in the year-earlier period, the Wilmington, Delaware-based company said in a statement on Tuesday. Excluding one-time items, the company reported a profit of $1.56 a share, topping the $1.52 average estimate of 19 analysts.

First-quarter sales rose 2 percent to $10.4 billion from $10.2 billion. Sales gains were driven by strong volume growth, particularly in North America and Latin America, and higher pricing from new seed and crop protection products.

The company said first-quarter results had been driven by record agriculture operating earnings offset by an expected decline in performance chemicals. Operating earnings rose 13 percent to an all-time high of $1.5 billion.

"The first quarter finished as expected, with the strong Agriculture performance and Performance Chemicals' decline from peak levels last year," CEO Ellen Kullman said in the statement.

The shares edged up 0.7 percent in premarket trading in New York on Monday, set to extend gains for a third day. The stock gained 12.1 percent this year, outperforming the S&P 500 index (INDEXSP:.INX) which has gained 9.6 percent.

Looking ahead, the company maintained its projection for full-year 2013 operating earnings of $3.85-$4.05 a share, an increase of 2-7 percent from $3.77 a share earned in 2012. Analysts, on average, expect a 2013 full-year profit of $3.89 a share.

For the first-half of this year, the company expects operating earnings per share to be about 7-9 percent lower than the first half of 2012, on lower performance chemicals earnings. 

DuPont also increased its quarterly cash dividend by 5 percent to 45 cents a share, payable June 12 to stockholders of record May 15. "This is the 435th consecutive quarterly dividend since the company's first dividend in the fourth quarter of 1904," the company, founded in 1802, said in a separate statement.

"Our strategies for growth and improved return on capital are working as we continue to focus on delivering science-powered innovation and industry-leading productivity improvement," the company said, citing Kullman.


No investment advice

Proactive Investors North America Inc, trades as "Proactiveinvestors USA & Canada".

You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

You understand that we may be providing advertising and/or marketing services to companies mentioned on the site. A full list of companies that are paying for services from us, or our affiliated companies in the UK and Australia can be viewed here