SlideShare una empresa de Scribd logo
1 de 12
Descargar para leer sin conexión
JULY 24, 2007                                                  Contact:    Anthony Farina
WILMINGTON, Del.                                                           302-774-4005
                                                                           anthony.r.farina@usa.dupont.com

                     DuPont Reports Second Quarter Earnings Per Share of $1.04;
                                    Reaffirms Full Year Outlook


Highlights
•    Second quarter 2007 earnings per share were $1.04, compared with $1.04 in the second quarter
     of 2006.

•    Earnings per share grew 3 percent to $1.04 from $1.01, excluding a $0.03 per share significant
     item in the prior-year quarter.

•    Sales grew 6 percent to $7.9 billion, reflecting 1 percent volume growth, 2 percent higher local
     selling prices and a 3 percent currency benefit.

•    Sales growth in all regions outside the United States more than offset lower U.S. volumes
     resulting from continuing weakness in housing and automotive markets.

•    The benefit of higher local selling prices was offset by a rise in energy and ingredient costs.

•    Fixed costs as a percentage of sales decreased 120 basis points from the prior-year quarter.

•    DuPont reaffirmed its full year 2007 earnings outlook of about $3.15 per share excluding
     significant items.

                    “We are seeing the benefit of our global presence – capitalizing on strong routes to
market in developing countries and building on our market-leading positions for businesses that serve
multiple industries,” said Charles O. Holliday, Jr., DuPont chairman and chief executive officer. “We
generated solid volume growth in all regions outside the United States and increased local selling prices
for the 14th consecutive quarter while reducing fixed costs as a percentage of sales. We are executing our
growth strategies and continuing to increase return on invested capital.”


Global Consolidated Sales and Net Income
                    Consolidated net sales grew 6 percent to $7.9 billion in the quarter due to 2 percent
higher local prices, a 1 percent increase in volume, and a 3 percent currency benefit. The 4 percent
volume growth outside the United States was partly offset by lower volumes, primarily in the United
States, from slower housing and auto markets. A summary of second quarter 2007 worldwide and
regional sales performance is shown in the table below.
E. I. du Pont de Nemours and Company
2
                                      Three Months Ended
                                         June 30, 2007                          Percentage Change Due to:
                                                                        Local
                                                       %                                    Currency
                                      $                                                                     Volume
                                                                       Currency
                                                     Change                                  Effect
                                                                        Price
(Dollars in billions)
U.S.                              $    3.3            1        %          3                    -                  (2)
Europe                                 2.3           12                   1                    7                   4
Asia Pacific                           1.3            8                   2                    1                   5
Canada & Latin America                 1.0            8                   2                    2                   4

Total Consolidated Sales          $    7.9             6       %           2                   3                  1

                      Net income for the second quarter of 2007 was $972 million, or $1.04 per share. Second
      quarter 2006 net income was $975 million, or $1.04 per share, and included a $31 million, or $0.03 per
      share tax benefit. Excluding the tax benefit, second quarter 2006 net income was $944 million, or $1.01
      per share. The year-over-year improvement in underlying results principally reflects higher local prices,
      favorable currency impact, volume growth outside the United States, and higher pharmaceutical income.
      These gains were partially offset by higher ingredient costs and increased cost investments primarily to
      accelerate biotech research and development, expand global sales coverage in seeds, and increase
      production capacity in Kevlar® and Nomex®, photovoltaics, and select China facilities.



      Earnings Per Share
                      The table below shows the variances in second quarter 2007 earnings per share (EPS)
      versus second quarter 2006:

                                                    EPS Analysis
                                                                                    EPS

                       2nd Quarter 2006                                            $ 1.04

                       Variances:
                          2Q’06 Significant item (see Schedule B)                    (.03)
                          Local prices                                                .13
                          Variable costs*                                            (.15)
                          Volume                                                      .03
                          Fixed costs*                                               (.02)
                          Currency                                                    .06
                          Pharmaceuticals                                             .03
                          Tax Rate                                                   (.01)
                          Other**                                                    (.04)

                       2nd Quarter 2007                                            $ 1.04

                       * Excludes volume and currency impact
                       ** Primarily reflects higher income from product licensing and
                          exchange gains in the prior year
3
Business Segment Performance
                Segment pre-tax operating income (PTOI) for the second quarter of 2007 grew 6
percent to $1.6 billion from $1.5 billion in the second quarter of 2006. Segment sales, PTOI, and
related variances versus the second quarter of 2006 are shown in the following tables:

SEGMENT SALES*                                   Three Months Ended            Percentage Change
                                                     June 30, 2007                  Due to:
(Dollars in billions)
                                                   $              %           USD          Volume
                                                               Change         Price
Agriculture & Nutrition                           2.1             7             6             1
Coatings & Color Technologies                     1.7             5             4             1
Electronic & Communication                        1.0             4             -             4
Technologies
Performance Materials                            1.7              8             7              1
Safety & Protection                              1.5              4             4              -

* Segment sales include intersegment transfers

PRE-TAX OPERATING INCOME
                                                              Three Months Ended June 30
(Dollars in millions)
                                                       2007           2006             % Change
                                                                                        vs. 2006
Agriculture & Nutrition                           $    428          $ 430                 -     %
Coatings & Color Technologies                          226              228              (1)
Electronic & Communication Technologies                176              168               5
Performance Materials                                  227              191              19
Pharmaceuticals                                        241              200              21
Safety & Protection                                    318              308               3
Other                                                  (37)              (32)            nm
                                                  $ 1,579           $ 1,493               6     %


Agriculture & Nutrition
• Sales of $2.1 billion grew 7 percent driven by strong U.S. seed corn and cereal herbicides sales. These
   gains were partially offset by lower sales of soybeans and cotton herbicides due to reduced acres in
   North America.

•   PTOI was $428 million versus $430 million in the second quarter 2006. Strong results in global crop
    protection products and North American seed corn were offset by lower soybean volumes and $33
    million of growth investments. These investments were made to accelerate biotechnology trait
    development, to more rapidly integrate existing traits into leading germplasm and to strengthen seed
    sales coverage.

Coatings & Color Technologies
• Second quarter 2007 sales of $1.7 billion grew 5 percent reflecting 4 percent higher USD selling
   prices and 1 percent higher volume. Increased sales of refinish coatings and titanium dioxide
   outpaced the negative impact of the weak U.S. auto and housing markets.

•   PTOI was $226 million, essentially equal to the prior year. Fixed cost reductions in OEM coatings
    and strong international sales were offset by weakness in U.S. auto and housing markets and
    increased ingredient and transportation costs.
4


Electronic & Communication Technologies
• Sales grew 4 percent to $979 million as volume growth in fluoroproducts and packaging graphics,
    favorable currency impact, and gains in photovoltaic markets were largely offset by lower refrigerant
    pricing and weakness in certain cell phone and semiconductor supply chains.

•   PTOI was $176 million in the quarter and included the benefit of a $25 million pre-tax inventory
    valuation adjustment. The weakness reflects lower refrigerants pricing and softness in certain
    electronic materials markets, primarily for cell phones.

Performance Materials
• Sales grew 8 percent to $1.7 billion reflecting higher local selling prices and a favorable currency
   impact. Volume growth in Europe and Latin America offset lower demand in North America.

•   PTOI increased 19 percent to $227 million primarily due to strong gains in the segment’s packaging,
    industrial polymer and elastomer product lines.

Safety & Protection
• Sales of $1.5 billion were up 4 percent reflecting a 4 percent increase in USD selling prices. Higher
    sales of aramids and construction materials outside the United States were offset by lower sales in
    U.S. housing markets.

•   PTOI increased 3 percent to $318 million, principally reflecting strong earnings growth in aramid
    products, largely offset by lower earnings from U.S. housing markets, spending for hybrid membrane
    technology and capacity expansions in Kevlar® and Nomex®.

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

Share Repurchase Program Update
                The company has completed nearly 80 percent of its $5 billion share repurchase program
announced October 2005. In the second quarter 2007, the company repurchased 5.9 million shares of its
stock for $300 million. The total amount repurchased to date under this program is $3.9 billion, or
approximately 90 million shares. The company expects to complete the remaining $1.1 billion of the
program, consistent with its financial discipline principles, by the end of 2007.


Outlook
                DuPont reaffirms its outlook for 2007 full-year earnings per share of about $3.15,
excluding a $0.06 per share charge for significant items in the first quarter 2007. For the second half of
2007, the company expects to benefit from continued growth outside the United States, higher local
selling prices and ongoing fixed cost productivity gains. The company also anticipates continued
softness in U.S. housing, higher ingredient costs and a higher base tax rate versus last year.
                “Our strong position as a global market leader in both developed and developing
economies enabled us to deliver 9 percent earnings growth in the first half of the year,” Holliday said.
5
“We will achieve our outlook through cost productivity gains and by continuing to deliver competitive
advantages to our customers through market-driven innovations.”


Use of Non-GAAP Measures
                 Management believes that measures of income excluding significant items (quot;non-
GAAPquot; information) are meaningful to investors because they provide insight with respect to ongoing
operating results of the company. Such measurements are not recognized in accordance with generally
accepted accounting principles (GAAP) and should not be viewed as an alternative to GAAP measures
of performance. Reconciliations of non-GAAP measures to GAAP are provided in Schedule D.
                 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 70 countries, DuPont offers a wide range of innovative
products and services for markets including agriculture and food; building and construction;
communications; and transportation.

Forward-Looking Statements: This news release contains forward-looking statements based on
management's current expectations, estimates and projections. All statements that address
expectations or projections about the future, including statements about the company's strategy for
growth, product development, market position, expected expenditures and financial results are
forward-looking statements. Some of the forward-looking statements may be identified by words like
quot;expects,quot; quot;anticipates,quot; quot;plans,quot; quot;intends,quot; quot;projects,quot; quot;indicates,quot; and similar expressions. These
statements are not guarantees of future performance and involve a number of risks, uncertainties and
assumptions. Many factors, including those discussed more fully elsewhere in this release and in
documents filed with the Securities and Exchange Commission by DuPont, particularly its latest
annual report on Form 10-K and quarterly report on Form 10-Q, as well as others, could cause results
to differ materially from those stated. These factors include, but are not limited to changes in the laws,
regulations, policies and economic conditions, including inflation, interest and foreign currency
exchange rates, of countries in which the company does business; competitive pressures; successful
integration of structural changes, including restructuring plans, acquisitions, divestitures and alliances;
cost of raw materials, research and development of new products, including regulatory approval and
market acceptance; seasonality of sales of agricultural products; and severe weather events that cause
business interruptions, including plant and power outages, or disruptions in supplier and customer
operations.

                                                    ###
7/24/07
6

                                           E. I. du Pont de Nemours and Company
                                               Consolidated Income Statements
                                        (Dollars in millions, except per share amounts )

SCHEDULE A
                                                                Three Months Ended                  Six Months Ended
                                                                      June 30,                           June 30,
                                                               2007               2006             2007           2006
Net sales                                                  $       7,875      $     7,442      $    15,720    $    14,836
                    (a)
Other income, net                                                     364               396            680             666
Total                                                              8,239            7,838           16,400         15,502

Cost of goods sold and other operating charges (b), (c)            5,555            5,227           11,101         10,564
Selling, general and administrative expenses                         877              853            1,715          1,644
Amortization of intangible assets                                     54               56              110            115
Research and development expense                                     337              328              647            641
Interest expense                                                     108              119              207            233
Total                                                              6,931            6,583           13,780         13,197

Income before income taxes and minority interests                  1,308            1,255            2,620          2,305
                            (a)
Provision for income taxes                                            335               279            700             510
Minority interests in earnings of consolidated
  subsidiaries                                                          1                  1              3              3
Net income                                                 $        972       $         975    $     1,917    $     1,792
Basic earnings per share of common stock                   $        1.05                       $      2.07
                                                                              $         1.05                  $        1.94

Diluted earnings per share of common stock                 $        1.04                       $      2.05
                                                                              $         1.04                  $        1.92

Dividends per share of common stock                        $        0.37                       $      0.74
                                                                              $         0.37                  $        0.74

Average number of shares outstanding used in earnings per share (EPS) calculation:
 Basic                                                  923,816,790        922,227,761         923,907,117    921,723,199
 Diluted                                                932,808,980        931,953,934         933,026,764    930,892,168


(a), (b), (c) See Notes to Schedules of Significant Items for additional information.
7

                                               E. I. du Pont de Nemours and Company
                                                     Schedules of Significant Items
                                            (Dollars in millions, except per share amounts )

SCHEDULE B
SIGNIFICANT ITEMS
                                                             Pre-tax                      After-tax                 ($ Per Share)
                                                      2007             2006           2007         2006          2007          2006
                                                 $      (52)      $     (128)     $     (52)    $     (50)   $    (0.06)    $   (0.05)
1st Quarter - Total
2nd Quarter:
Corporate tax-related item (a)                               -                -           -           31              -          0.03

2nd Quarter - Total                               $          -     $          -   $        -     $    31     $        -     $    0.03

                                                 $      (52)      $     (128)     $     (52)    $     (19)   $    (0.06)    $   (0.02)
Year-to-date - Total




SIGNIFICANT ITEMS BY SEGMENT
                                                  Three Months Ended                Six Months Ended
                                                         June 30,                        June 30,
                                                    2007          2006              2007          2006
Agriculture & Nutrition                           $      -     $       -          $      -     $       -
Coatings & Color Technologies (c)                            -                -            -         (135)
Electronic & Communication Technologies                      -                -            -            -
Performance Materials (b)                                    -                -         (52)          -
Safety & Protection                                          -                -           -           -
Textiles & Interiors                                         -                -           -           -
Other                                                        -                -           -           -
Total (excluding Corporate)                       $          -     $          -   $     (52)     $ (135)


(a), (b), (c) See Notes to Schedules of Significant Items for additional information.
8

                                        E. I. du Pont de Nemours and Company
                                         Notes to Schedules of Significant Items
                                     (Dollars in millions, except per share amounts )



(a)   Second quarter 2006 includes a tax benefit of $31 associated with an increase in the deferred tax assets of a
      European subsidiary for a tax basis investment loss recognized on the local tax return.

      Year-to-date 2006 includes a reversal of accrued interest of $7 ($4 after-tax) in Other income, net and the
      reversal of $44 of income taxes associated with favorable settlement of certain prior-year tax contingencies
      which had been previously reserved.

(b)   Year-to-date 2007 includes a net $52 charge in Cost of goods sold and other operating charges for existing
      litigation in the Performance Materials segment in connection with the elastomers antitrust matter.

(c)   Year-to-date 2006 includes a restructuring charge of $135 in the Coatings & Color Technologies segment in
      connection with the company's plans to close and consolidate certain manufacturing and laboratory sites. Cost of
      goods sold and other operating charges includes employee separation charges, primarily in Europe and the U.S.,
      for approximately 1,300 employees and other exit costs.
9

                                          E. I. du Pont de Nemours and Company
                                            Consolidated Segment Information
                                                    (Dollars in millions )

SCHEDULE C
                                                                 Three Months Ended         Six Months Ended
                                                                       June 30,                  June 30,
SEGMENT SALES (1)                                                            2006 (2)                    2006 (2)
                                                               2007                         2007
Agriculture & Nutrition                                       $ 2,074       $ 1,935        $ 4,524      $ 4,109
Coatings & Color Technologies                                   1,701         1,625          3,260        3,103
Electronic & Communication Technologies                           979           942          1,899        1,827
Performance Materials                                           1,679         1,556          3,268        3,097
Safety & Protection                                             1,466         1,413          2,836        2,773
Other                                                              50            48             93           94
Total Segment sales                                           $ 7,949       $ 7,519        $15,880      $15,003

Elimination of transfers                                          (74)          (77)          (160)        (167)
Consolidated net sales                                        $ 7,875       $ 7,442        $15,720      $14,836


                                                                 Three Months Ended         Six Months Ended
                                                                       June 30,                  June 30,
PRETAX OPERATING INCOME/(LOSS) (PTOI) (3)                                       2006 (2)                 2006 (2)
                                                                  2007                      2007

Agriculture & Nutrition                                       $   428       $   430        $ 1,079      $ 1,027
Coatings & Color Technologies                                     226           228            420          249
Electronic & Communication Technologies                           176           168            300          328
Performance Materials                                             227           191            377          346
Pharmaceuticals                                                   241           200            466          369
Safety & Protection                                               318           308            609          576
Other                                                             (37)          (32)           (93)         (88)
Total Segment PTOI                                            $ 1,579       $ 1,493        $ 3,158      $ 2,807

Exchange gains and (losses) (4)                                       8             26         (20)           8
Corporate expenses & net interest                                  (279)          (264)       (518)        (510)

Income before income taxes and
  minority interests                                          $ 1,308       $ 1,255        $ 2,620      $ 2,305

(1) Sales for the reporting segments include transfers.
(2) Certain reclassifications of 2006 segment data have been made to reflect changes in organizational
     structure for 2007.
(3) Refer to the Notes to Schedules of Significant Items for additional information.
(4) Net after-tax exchange activity for the three and six-months ended June 30, 2007 were losses of $7 and
    $25, respectively. For the three and six-months ended June 30, 2006, the net after-tax exchange activity
    were a gain of $9 and a loss of $12, respectively. Gains and losses resulting from the company's
    hedging program are largely offset by associated tax effects.
10

                                         E. I. du Pont de Nemours and Company
                                         Reconciliation of Non-GAAP Measures
                                      (Dollars in millions, except per share amounts )


SCHEDULE D

Summary of Earnings Comparisons
                                           Three Months Ended                              Six Months Ended
                                                 June 30,                                       June 30,
                                                                        %                                         %
                                   2007             2006              Change       2007            2006         Change

Segment PTOI                   $     1,579      $      1,493             6%    $     3,158     $      2,807       13%
Significant Items charge
  included in PTOI (per
  Schedule B)                               -                -                            52              135
Segment PTOI excluding
  Significant Items            $     1,579      $      1,493             6%    $     3,210     $      2,942        9%



Net Income                     $          972   $          975           0%    $     1,917     $      1,792        7%
Significant Items (benefit)/
  charge included in Net
  Income (per Schedule B)                   -              (31)                           52              19
Net Income excluding
  Significant Items            $          972   $          944           3%    $     1,969     $      1,811        9%



EPS                            $      1.04      $       1.04             0%    $      2.05     $       1.92        7%
Significant Items (benefit)/
  charge included in EPS
  (per Schedule B)                          -          (0.03)                         0.06             0.02
EPS excluding
  Significant Items            $      1.04      $       1.01             3%    $      2.11     $       1.94        9%


Average number of diluted
  shares outstanding           932,808,980       931,953,934            0.1%   933,026,764      930,892,168       0.2%


Calculation of Segment PTOI as a Percent of Segment Sales
                                           Three Months Ended                              Six Months Ended
                                                 June 30,                                       June 30,
                                                                        %                                         %
                                   2007             2006              Change       2007            2006         Change

Segment PTOI excluding
 Significant Items             $     1,579      $      1,493             6%    $     3,210     $     2,942         9%
Segment sales                  $     7,949      $      7,519             6%    $    15,880     $    15,003         6%

Segment PTOI as a percent
 of segment sales                   19.86%            19.86%                        20.21%          19.61%
11

                                              E. I. du Pont de Nemours and Company
                                              Reconciliation of Non-GAAP Measures
                                           (Dollars in millions, except per share amounts )


SCHEDULE D (continued)

Reconciliations of Adjusted EBIT / Adjusted EBITDA to Consolidated Income Statement
                                                               Three Months Ended                Six Months Ended
                                                                     June 30,                         June 30,
                                                               2007           2006              2007           2006

Income before income taxes and minority interests          $    1,308      $    1,255       $    2,620       $    2,305
Less: Minority interest in earnings of
  consolidated subsidiaries (1)                                       -               (1)              (4)              (3)
                            (2)
Add: Net interest expense                                         100             109              187              204
Adjusted EBIT                                                   1,408           1,363            2,803            2,506
                                     (3)
Add: Depreciation and amortization                                335             333              672              670
Adjusted EBITDA                                            $    1,743      $    1,696       $    3,475       $    3,176

(1) Excludes income taxes.
(2) Includes interest expense plus amortization of capitalized interest less interest income.
(3) Excludes amortization of capitalized interest.


Reconciliations of Fixed Costs as a Percent of Sales
                                                               Three Months Ended                Six Months Ended
                                                                     June 30,                         June 30,
                                                               2007            2006             2007             2006

Total charges and expenses - consolidated
 income statements                                         $    6,931      $    6,583       $ 13,780         $ 13,197
Remove:
 Interest expense                                                (108)           (119)            (207)            (233)
                  (1)
 Variable costs                                                 (3,781)        (3,505)          (7,524)          (6,942)
                             (2)
  Significant Items - charge                                      -               -              (52)            (135)
    Fixed costs                                            $    3,042      $    2,959       $ 5,997          $ 5,887
Consolidated net sales                                     $    7,875      $    7,442       $ 15,720         $ 14,836
Fixed costs as a percent of sales                               38.6%           39.8%          38.1%            39.7%

(1) Includes variable manufacturing costs, freight, commissions and other selling expenses which vary
    with the volume of sales.
(2) See Schedule B for detail of Significant Items.
12

                                           E. I. du Pont de Nemours and Company
                                           Reconciliation of Non-GAAP Measures
                                        (Dollars in millions, except per share amounts )


SCHEDULE D (continued)

Reconciliation of Earnings Per Share (EPS) Outlook

                                                                                            Year Ended
                                                                                           December 31,
                                                                                        2007         2006
                                                                                       Outlook       Actual

Earnings per share - excluding Significant Items                                      $      3.15     $     2.88
Significant Items included in EPS:
   Litigation related charges - Performance Materials                                       (0.06)               -
   Restructuring charges -
      Agriculture & Nutrition                                                                     -        (0.13)
      Coatings & Color Technologies                                                               -        (0.10)
   American Jobs Creation Act                                                                     -         0.02
   Hurricane related items                                                                        -         0.10
   Asbestos insurance recovery                                                                    -         0.04
   Asset impairment - Safety & Protection                                                         -        (0.03)
   Sales terms and expense accrual
      changes                                                                                   -          (0.04)
   Corporate tax-related items                                                                  -           0.64
Net (charge)/benefit for Significant Items                                                  (0.06)          0.50
Reported EPS                                                                          $      3.09     $     3.38




Reconciliation of Base Income Tax Rate to Effective Income Tax Rate

                                                            Three Months Ended             Six Months Ended
                                                                  June 30,                      June 30,
                                                            2007           2006            2007           2006

Income before income taxes and minority interests       $    1,308     $    1,255     $     2,620     $    2,305
Add: Significant Items - charge                                  -              -              52            128
      Net exchange (gains) / losses                             (8)           (26)             20             (8)
Income before income taxes, Significant Items,
exchange gains/losses and minority
  interests                                             $    1,300     $    1,229     $     2,692     $    2,425

Provision for income taxes                              $      335     $     279      $      700      $      510
Add: Tax benefit on Significant Items                            -            31               -             109
      Tax expense on exchange gains/losses                     (15)          (17)             (5)            (20)
Provision for income taxes, excluding
  taxes on Significant Items and exchange gains         $      320     $     293      $      695      $      599

Effective income tax rate                                    25.6%          22.2%           26.7%          22.1%
Base income tax rate                                         24.6%          23.8%           25.8%          24.7%

Más contenido relacionado

La actualidad más candente

u.s.bancorp2Q 2007 Earnings Release
u.s.bancorp2Q 2007 Earnings Release  u.s.bancorp2Q 2007 Earnings Release
u.s.bancorp2Q 2007 Earnings Release finance13
 
u.s.bancorp2Q 2008 Earnings Release
u.s.bancorp2Q 2008 Earnings Release u.s.bancorp2Q 2008 Earnings Release
u.s.bancorp2Q 2008 Earnings Release finance13
 
u.s.bancorp 2Q 2006 Earnings Release
u.s.bancorp 2Q 2006 Earnings Release  u.s.bancorp 2Q 2006 Earnings Release
u.s.bancorp 2Q 2006 Earnings Release finance13
 
u.s.bancorp4Q 2007 Earnings Release
u.s.bancorp4Q 2007 Earnings Release u.s.bancorp4Q 2007 Earnings Release
u.s.bancorp4Q 2007 Earnings Release finance13
 
u.s.bancorp 4Q 2005 Earnings Release - pdf version
 u.s.bancorp 4Q 2005 Earnings Release - pdf version u.s.bancorp 4Q 2005 Earnings Release - pdf version
u.s.bancorp 4Q 2005 Earnings Release - pdf versionfinance13
 
u.s.bancorp1Q 2003 Earnings Release and Supplemental Analyst Schedules
u.s.bancorp1Q 2003 Earnings Release and Supplemental Analyst Schedulesu.s.bancorp1Q 2003 Earnings Release and Supplemental Analyst Schedules
u.s.bancorp1Q 2003 Earnings Release and Supplemental Analyst Schedulesfinance13
 
du pont Earnings Release2005 4th
du pont Earnings Release2005 4thdu pont Earnings Release2005 4th
du pont Earnings Release2005 4thfinance9
 
du pont Earnings Release2006 1st
du pont Earnings Release2006 1stdu pont Earnings Release2006 1st
du pont Earnings Release2006 1stfinance9
 
u.s.bancorp3Q 2007 Earnings Release
u.s.bancorp3Q 2007 Earnings Release u.s.bancorp3Q 2007 Earnings Release
u.s.bancorp3Q 2007 Earnings Release finance13
 
u.s.bancorp 1Q 2005 Earnings Release
u.s.bancorp 1Q 2005 Earnings Release  u.s.bancorp 1Q 2005 Earnings Release
u.s.bancorp 1Q 2005 Earnings Release finance13
 
u.s.bancorp 4Q 2006 Earnings Release
u.s.bancorp 4Q 2006 Earnings Release  u.s.bancorp 4Q 2006 Earnings Release
u.s.bancorp 4Q 2006 Earnings Release finance13
 
u.s.bancorp 2Q 2005 Earnings Release
u.s.bancorp 2Q 2005 Earnings Release u.s.bancorp 2Q 2005 Earnings Release
u.s.bancorp 2Q 2005 Earnings Release finance13
 
u.s.bancorp 4Q 2004 Earnings Release
u.s.bancorp 4Q 2004 Earnings Release  u.s.bancorp 4Q 2004 Earnings Release
u.s.bancorp 4Q 2004 Earnings Release finance13
 
u.s.bancorp 3Q 2005 Earnings Release
u.s.bancorp 3Q 2005 Earnings Release u.s.bancorp 3Q 2005 Earnings Release
u.s.bancorp 3Q 2005 Earnings Release finance13
 
Fourth Quarter 2011 Masco Earnings Presentation
Fourth Quarter 2011 Masco Earnings PresentationFourth Quarter 2011 Masco Earnings Presentation
Fourth Quarter 2011 Masco Earnings PresentationMasco_Investors
 
atmos enerrgy ato47_slides
atmos enerrgy ato47_slidesatmos enerrgy ato47_slides
atmos enerrgy ato47_slidesfinance35
 
atmos enerrgy ato37_pres
atmos enerrgy ato37_presatmos enerrgy ato37_pres
atmos enerrgy ato37_presfinance35
 
atmos enerrgy _1qslides
atmos enerrgy _1qslidesatmos enerrgy _1qslides
atmos enerrgy _1qslidesfinance35
 
pepsi bottling pbg Non Gaap
  	 pepsi bottling  pbg Non Gaap  	 pepsi bottling  pbg Non Gaap
pepsi bottling pbg Non Gaapfinance19
 
Presentation of results from SpareBank 1 Gruppen - 1st half-year and 2nd quar...
Presentation of results from SpareBank 1 Gruppen - 1st half-year and 2nd quar...Presentation of results from SpareBank 1 Gruppen - 1st half-year and 2nd quar...
Presentation of results from SpareBank 1 Gruppen - 1st half-year and 2nd quar...SpareBank 1 Gruppen AS
 

La actualidad más candente (20)

u.s.bancorp2Q 2007 Earnings Release
u.s.bancorp2Q 2007 Earnings Release  u.s.bancorp2Q 2007 Earnings Release
u.s.bancorp2Q 2007 Earnings Release
 
u.s.bancorp2Q 2008 Earnings Release
u.s.bancorp2Q 2008 Earnings Release u.s.bancorp2Q 2008 Earnings Release
u.s.bancorp2Q 2008 Earnings Release
 
u.s.bancorp 2Q 2006 Earnings Release
u.s.bancorp 2Q 2006 Earnings Release  u.s.bancorp 2Q 2006 Earnings Release
u.s.bancorp 2Q 2006 Earnings Release
 
u.s.bancorp4Q 2007 Earnings Release
u.s.bancorp4Q 2007 Earnings Release u.s.bancorp4Q 2007 Earnings Release
u.s.bancorp4Q 2007 Earnings Release
 
u.s.bancorp 4Q 2005 Earnings Release - pdf version
 u.s.bancorp 4Q 2005 Earnings Release - pdf version u.s.bancorp 4Q 2005 Earnings Release - pdf version
u.s.bancorp 4Q 2005 Earnings Release - pdf version
 
u.s.bancorp1Q 2003 Earnings Release and Supplemental Analyst Schedules
u.s.bancorp1Q 2003 Earnings Release and Supplemental Analyst Schedulesu.s.bancorp1Q 2003 Earnings Release and Supplemental Analyst Schedules
u.s.bancorp1Q 2003 Earnings Release and Supplemental Analyst Schedules
 
du pont Earnings Release2005 4th
du pont Earnings Release2005 4thdu pont Earnings Release2005 4th
du pont Earnings Release2005 4th
 
du pont Earnings Release2006 1st
du pont Earnings Release2006 1stdu pont Earnings Release2006 1st
du pont Earnings Release2006 1st
 
u.s.bancorp3Q 2007 Earnings Release
u.s.bancorp3Q 2007 Earnings Release u.s.bancorp3Q 2007 Earnings Release
u.s.bancorp3Q 2007 Earnings Release
 
u.s.bancorp 1Q 2005 Earnings Release
u.s.bancorp 1Q 2005 Earnings Release  u.s.bancorp 1Q 2005 Earnings Release
u.s.bancorp 1Q 2005 Earnings Release
 
u.s.bancorp 4Q 2006 Earnings Release
u.s.bancorp 4Q 2006 Earnings Release  u.s.bancorp 4Q 2006 Earnings Release
u.s.bancorp 4Q 2006 Earnings Release
 
u.s.bancorp 2Q 2005 Earnings Release
u.s.bancorp 2Q 2005 Earnings Release u.s.bancorp 2Q 2005 Earnings Release
u.s.bancorp 2Q 2005 Earnings Release
 
u.s.bancorp 4Q 2004 Earnings Release
u.s.bancorp 4Q 2004 Earnings Release  u.s.bancorp 4Q 2004 Earnings Release
u.s.bancorp 4Q 2004 Earnings Release
 
u.s.bancorp 3Q 2005 Earnings Release
u.s.bancorp 3Q 2005 Earnings Release u.s.bancorp 3Q 2005 Earnings Release
u.s.bancorp 3Q 2005 Earnings Release
 
Fourth Quarter 2011 Masco Earnings Presentation
Fourth Quarter 2011 Masco Earnings PresentationFourth Quarter 2011 Masco Earnings Presentation
Fourth Quarter 2011 Masco Earnings Presentation
 
atmos enerrgy ato47_slides
atmos enerrgy ato47_slidesatmos enerrgy ato47_slides
atmos enerrgy ato47_slides
 
atmos enerrgy ato37_pres
atmos enerrgy ato37_presatmos enerrgy ato37_pres
atmos enerrgy ato37_pres
 
atmos enerrgy _1qslides
atmos enerrgy _1qslidesatmos enerrgy _1qslides
atmos enerrgy _1qslides
 
pepsi bottling pbg Non Gaap
  	 pepsi bottling  pbg Non Gaap  	 pepsi bottling  pbg Non Gaap
pepsi bottling pbg Non Gaap
 
Presentation of results from SpareBank 1 Gruppen - 1st half-year and 2nd quar...
Presentation of results from SpareBank 1 Gruppen - 1st half-year and 2nd quar...Presentation of results from SpareBank 1 Gruppen - 1st half-year and 2nd quar...
Presentation of results from SpareBank 1 Gruppen - 1st half-year and 2nd quar...
 

Destacado (7)

Google presentation
Google presentationGoogle presentation
Google presentation
 
Bs 28fdghs
Bs 28fdghsBs 28fdghs
Bs 28fdghs
 
Codemedia no PRIME
Codemedia no PRIMECodemedia no PRIME
Codemedia no PRIME
 
Wsi nabidka firmy
Wsi nabidka firmy Wsi nabidka firmy
Wsi nabidka firmy
 
Campanhas self service da boo-box para Anunciantes
Campanhas self service da boo-box para AnunciantesCampanhas self service da boo-box para Anunciantes
Campanhas self service da boo-box para Anunciantes
 
Basic Econ Ch4
Basic Econ Ch4Basic Econ Ch4
Basic Econ Ch4
 
Public schools presentation
Public schools presentationPublic schools presentation
Public schools presentation
 

Similar a du pont Earnings Release2007 2nd

du pont Earnings Release2008 3rd
du pont Earnings Release2008 3rddu pont Earnings Release2008 3rd
du pont Earnings Release2008 3rdfinance9
 
kellogg Q3 2007 Earnings Release
 kellogg 	 Q3 2007 Earnings Release kellogg 	 Q3 2007 Earnings Release
kellogg Q3 2007 Earnings Releasefinance23
 
LEAR Q 106 earnings
LEAR Q 106 earningsLEAR Q 106 earnings
LEAR Q 106 earningsfinance16
 
Credit Suisse 16th Annual Chemical Conference
	Credit Suisse 16th Annual Chemical Conference 	Credit Suisse 16th Annual Chemical Conference
Credit Suisse 16th Annual Chemical Conference finance10
 
AES 4Q 07 Review
AES 4Q 07 ReviewAES 4Q 07 Review
AES 4Q 07 Reviewfinance19
 
atmos enerrgy 4/08_slidePres
atmos enerrgy 4/08_slidePresatmos enerrgy 4/08_slidePres
atmos enerrgy 4/08_slidePresfinance35
 
u.s.bancorp1Q 2008 Earnings Release
u.s.bancorp1Q 2008 Earnings Release   u.s.bancorp1Q 2008 Earnings Release
u.s.bancorp1Q 2008 Earnings Release finance13
 
GM_Earning Release_Q3 08
GM_Earning Release_Q3 08GM_Earning Release_Q3 08
GM_Earning Release_Q3 08Manya Mohan
 
home depot PDF Carol Tomé Presentation
home depot  PDF  	Carol Tomé Presentation home depot  PDF  	Carol Tomé Presentation
home depot PDF Carol Tomé Presentation finance2
 
1Q07 EARNINGS Slides
1Q07 EARNINGS Slides1Q07 EARNINGS Slides
1Q07 EARNINGS Slidesfinance22
 
monsanto 04-02-08
monsanto 04-02-08monsanto 04-02-08
monsanto 04-02-08finance28
 
monsanto 04-02-08
monsanto 04-02-08monsanto 04-02-08
monsanto 04-02-08finance28
 
.monsanto 04-02-08
.monsanto 04-02-08.monsanto 04-02-08
.monsanto 04-02-08finance28
 
spectra energy _2QEarningsRelease
spectra energy _2QEarningsReleasespectra energy _2QEarningsRelease
spectra energy _2QEarningsReleasefinance49
 
du pont Earnings Release 2005 3rd
du pont Earnings Release 2005 3rddu pont Earnings Release 2005 3rd
du pont Earnings Release 2005 3rdfinance9
 
allstate Quarter Information2007 1st Earnings Press Release
allstate Quarter Information2007 1st Earnings Press Releaseallstate Quarter Information2007 1st Earnings Press Release
allstate Quarter Information2007 1st Earnings Press Releasefinance7
 
aon 4Q 2008_Earnings Release Final
aon  4Q 2008_Earnings Release Finalaon  4Q 2008_Earnings Release Final
aon 4Q 2008_Earnings Release Finalfinance27
 
4Q 07 EARNINGS SLIDES
4Q 07 EARNINGS SLIDES4Q 07 EARNINGS SLIDES
4Q 07 EARNINGS SLIDESfinance22
 
atmos enerrgy 17_pres
atmos enerrgy 17_presatmos enerrgy 17_pres
atmos enerrgy 17_presfinance35
 
CSChemicalConference_2006_Handout
CSChemicalConference_2006_HandoutCSChemicalConference_2006_Handout
CSChemicalConference_2006_Handoutfinance45
 

Similar a du pont Earnings Release2007 2nd (20)

du pont Earnings Release2008 3rd
du pont Earnings Release2008 3rddu pont Earnings Release2008 3rd
du pont Earnings Release2008 3rd
 
kellogg Q3 2007 Earnings Release
 kellogg 	 Q3 2007 Earnings Release kellogg 	 Q3 2007 Earnings Release
kellogg Q3 2007 Earnings Release
 
LEAR Q 106 earnings
LEAR Q 106 earningsLEAR Q 106 earnings
LEAR Q 106 earnings
 
Credit Suisse 16th Annual Chemical Conference
	Credit Suisse 16th Annual Chemical Conference 	Credit Suisse 16th Annual Chemical Conference
Credit Suisse 16th Annual Chemical Conference
 
AES 4Q 07 Review
AES 4Q 07 ReviewAES 4Q 07 Review
AES 4Q 07 Review
 
atmos enerrgy 4/08_slidePres
atmos enerrgy 4/08_slidePresatmos enerrgy 4/08_slidePres
atmos enerrgy 4/08_slidePres
 
u.s.bancorp1Q 2008 Earnings Release
u.s.bancorp1Q 2008 Earnings Release   u.s.bancorp1Q 2008 Earnings Release
u.s.bancorp1Q 2008 Earnings Release
 
GM_Earning Release_Q3 08
GM_Earning Release_Q3 08GM_Earning Release_Q3 08
GM_Earning Release_Q3 08
 
home depot PDF Carol Tomé Presentation
home depot  PDF  	Carol Tomé Presentation home depot  PDF  	Carol Tomé Presentation
home depot PDF Carol Tomé Presentation
 
1Q07 EARNINGS Slides
1Q07 EARNINGS Slides1Q07 EARNINGS Slides
1Q07 EARNINGS Slides
 
monsanto 04-02-08
monsanto 04-02-08monsanto 04-02-08
monsanto 04-02-08
 
monsanto 04-02-08
monsanto 04-02-08monsanto 04-02-08
monsanto 04-02-08
 
.monsanto 04-02-08
.monsanto 04-02-08.monsanto 04-02-08
.monsanto 04-02-08
 
spectra energy _2QEarningsRelease
spectra energy _2QEarningsReleasespectra energy _2QEarningsRelease
spectra energy _2QEarningsRelease
 
du pont Earnings Release 2005 3rd
du pont Earnings Release 2005 3rddu pont Earnings Release 2005 3rd
du pont Earnings Release 2005 3rd
 
allstate Quarter Information2007 1st Earnings Press Release
allstate Quarter Information2007 1st Earnings Press Releaseallstate Quarter Information2007 1st Earnings Press Release
allstate Quarter Information2007 1st Earnings Press Release
 
aon 4Q 2008_Earnings Release Final
aon  4Q 2008_Earnings Release Finalaon  4Q 2008_Earnings Release Final
aon 4Q 2008_Earnings Release Final
 
4Q 07 EARNINGS SLIDES
4Q 07 EARNINGS SLIDES4Q 07 EARNINGS SLIDES
4Q 07 EARNINGS SLIDES
 
atmos enerrgy 17_pres
atmos enerrgy 17_presatmos enerrgy 17_pres
atmos enerrgy 17_pres
 
CSChemicalConference_2006_Handout
CSChemicalConference_2006_HandoutCSChemicalConference_2006_Handout
CSChemicalConference_2006_Handout
 

Más de finance9

enterprise gp holdings Organizational and Ownership Structure Chart
enterprise gp holdings  Organizational and Ownership Structure Chart enterprise gp holdings  Organizational and Ownership Structure Chart
enterprise gp holdings Organizational and Ownership Structure Chart finance9
 
enterprise gp holdings Standards of Business Conduct
enterprise gp holdings Standards of Business Conductenterprise gp holdings Standards of Business Conduct
enterprise gp holdings Standards of Business Conductfinance9
 
enterprise gp holdings Governance Guidelines
enterprise gp holdings Governance Guidelinesenterprise gp holdings Governance Guidelines
enterprise gp holdings Governance Guidelinesfinance9
 
enterprise gp holdings Audit, Conflicts & Governance Committee
enterprise gp holdings Audit, Conflicts & Governance Committeeenterprise gp holdings Audit, Conflicts & Governance Committee
enterprise gp holdings Audit, Conflicts & Governance Committeefinance9
 
enterprise gp holdings Code of Conduct & Related Policies
enterprise gp holdings Code of Conduct & Related Policiesenterprise gp holdings Code of Conduct & Related Policies
enterprise gp holdings Code of Conduct & Related Policiesfinance9
 
02/11/09 HCA Announces Offering of $300 Million Senior Secured Second Lien Notes
02/11/09 HCA Announces Offering of $300 Million Senior Secured Second Lien Notes02/11/09 HCA Announces Offering of $300 Million Senior Secured Second Lien Notes
02/11/09 HCA Announces Offering of $300 Million Senior Secured Second Lien Notesfinance9
 
hca annual reports2000
hca annual reports2000hca annual reports2000
hca annual reports2000finance9
 
hca annual reports2001
hca annual reports2001hca annual reports2001
hca annual reports2001finance9
 
hca annual reports2002
hca annual reports2002hca annual reports2002
hca annual reports2002finance9
 
hca annual reports2003
hca annual reports2003hca annual reports2003
hca annual reports2003finance9
 
hca annual reports2004
hca annual reports2004hca annual reports2004
hca annual reports2004finance9
 
hca annual reports2005
hca annual reports2005hca annual reports2005
hca annual reports2005finance9
 
JP Morgan Presentation 15-Feb-2008
JP Morgan Presentation 15-Feb-2008JP Morgan Presentation 15-Feb-2008
JP Morgan Presentation 15-Feb-2008finance9
 
HCA Presents at Bank of America 2008 Credit Conference 20-Nov-2008
HCA Presents at Bank of America 2008 Credit Conference 20-Nov-2008HCA Presents at Bank of America 2008 Credit Conference 20-Nov-2008
HCA Presents at Bank of America 2008 Credit Conference 20-Nov-2008finance9
 
tyson foods 2007 Sustainability Report
tyson foods  2007 Sustainability Report tyson foods  2007 Sustainability Report
tyson foods 2007 Sustainability Report finance9
 
tyson foods Investor Fact Book
tyson foods Investor Fact Book tyson foods Investor Fact Book
tyson foods Investor Fact Book finance9
 
tyson foods 2008 Annual Report
tyson foods  2008 Annual Report tyson foods  2008 Annual Report
tyson foods 2008 Annual Report finance9
 
general dynamics 2008 Proxy Statement
general dynamics 2008 Proxy Statement	 general dynamics 2008 Proxy Statement
general dynamics 2008 Proxy Statement finance9
 
general dynamics 2007 Annual Report
general dynamics 2007 Annual Report	general dynamics 2007 Annual Report
general dynamics 2007 Annual Report finance9
 
general dynamics Restated Certificate of Incorporation
general dynamics Restated Certificate of Incorporation general dynamics Restated Certificate of Incorporation
general dynamics Restated Certificate of Incorporation finance9
 

Más de finance9 (20)

enterprise gp holdings Organizational and Ownership Structure Chart
enterprise gp holdings  Organizational and Ownership Structure Chart enterprise gp holdings  Organizational and Ownership Structure Chart
enterprise gp holdings Organizational and Ownership Structure Chart
 
enterprise gp holdings Standards of Business Conduct
enterprise gp holdings Standards of Business Conductenterprise gp holdings Standards of Business Conduct
enterprise gp holdings Standards of Business Conduct
 
enterprise gp holdings Governance Guidelines
enterprise gp holdings Governance Guidelinesenterprise gp holdings Governance Guidelines
enterprise gp holdings Governance Guidelines
 
enterprise gp holdings Audit, Conflicts & Governance Committee
enterprise gp holdings Audit, Conflicts & Governance Committeeenterprise gp holdings Audit, Conflicts & Governance Committee
enterprise gp holdings Audit, Conflicts & Governance Committee
 
enterprise gp holdings Code of Conduct & Related Policies
enterprise gp holdings Code of Conduct & Related Policiesenterprise gp holdings Code of Conduct & Related Policies
enterprise gp holdings Code of Conduct & Related Policies
 
02/11/09 HCA Announces Offering of $300 Million Senior Secured Second Lien Notes
02/11/09 HCA Announces Offering of $300 Million Senior Secured Second Lien Notes02/11/09 HCA Announces Offering of $300 Million Senior Secured Second Lien Notes
02/11/09 HCA Announces Offering of $300 Million Senior Secured Second Lien Notes
 
hca annual reports2000
hca annual reports2000hca annual reports2000
hca annual reports2000
 
hca annual reports2001
hca annual reports2001hca annual reports2001
hca annual reports2001
 
hca annual reports2002
hca annual reports2002hca annual reports2002
hca annual reports2002
 
hca annual reports2003
hca annual reports2003hca annual reports2003
hca annual reports2003
 
hca annual reports2004
hca annual reports2004hca annual reports2004
hca annual reports2004
 
hca annual reports2005
hca annual reports2005hca annual reports2005
hca annual reports2005
 
JP Morgan Presentation 15-Feb-2008
JP Morgan Presentation 15-Feb-2008JP Morgan Presentation 15-Feb-2008
JP Morgan Presentation 15-Feb-2008
 
HCA Presents at Bank of America 2008 Credit Conference 20-Nov-2008
HCA Presents at Bank of America 2008 Credit Conference 20-Nov-2008HCA Presents at Bank of America 2008 Credit Conference 20-Nov-2008
HCA Presents at Bank of America 2008 Credit Conference 20-Nov-2008
 
tyson foods 2007 Sustainability Report
tyson foods  2007 Sustainability Report tyson foods  2007 Sustainability Report
tyson foods 2007 Sustainability Report
 
tyson foods Investor Fact Book
tyson foods Investor Fact Book tyson foods Investor Fact Book
tyson foods Investor Fact Book
 
tyson foods 2008 Annual Report
tyson foods  2008 Annual Report tyson foods  2008 Annual Report
tyson foods 2008 Annual Report
 
general dynamics 2008 Proxy Statement
general dynamics 2008 Proxy Statement	 general dynamics 2008 Proxy Statement
general dynamics 2008 Proxy Statement
 
general dynamics 2007 Annual Report
general dynamics 2007 Annual Report	general dynamics 2007 Annual Report
general dynamics 2007 Annual Report
 
general dynamics Restated Certificate of Incorporation
general dynamics Restated Certificate of Incorporation general dynamics Restated Certificate of Incorporation
general dynamics Restated Certificate of Incorporation
 

Último

Lundin Gold April 2024 Corporate Presentation v4.pdf
Lundin Gold April 2024 Corporate Presentation v4.pdfLundin Gold April 2024 Corporate Presentation v4.pdf
Lundin Gold April 2024 Corporate Presentation v4.pdfAdnet Communications
 
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779Delhi Call girls
 
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptxFinTech Belgium
 
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...Pooja Nehwal
 
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptxFinTech Belgium
 
Bladex Earnings Call Presentation 1Q2024
Bladex Earnings Call Presentation 1Q2024Bladex Earnings Call Presentation 1Q2024
Bladex Earnings Call Presentation 1Q2024Bladex
 
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...makika9823
 
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...ranjana rawat
 
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur EscortsCall Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escortsranjana rawat
 
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service NashikHigh Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service NashikCall Girls in Nagpur High Profile
 
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...Call Girls in Nagpur High Profile
 
Booking open Available Pune Call Girls Shivane 6297143586 Call Hot Indian Gi...
Booking open Available Pune Call Girls Shivane  6297143586 Call Hot Indian Gi...Booking open Available Pune Call Girls Shivane  6297143586 Call Hot Indian Gi...
Booking open Available Pune Call Girls Shivane 6297143586 Call Hot Indian Gi...Call Girls in Nagpur High Profile
 
Dividend Policy and Dividend Decision Theories.pptx
Dividend Policy and Dividend Decision Theories.pptxDividend Policy and Dividend Decision Theories.pptx
Dividend Policy and Dividend Decision Theories.pptxanshikagoel52
 
The Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdfThe Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdfGale Pooley
 
Instant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School DesignsInstant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School Designsegoetzinger
 
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...Suhani Kapoor
 
Malad Call Girl in Services 9892124323 | ₹,4500 With Room Free Delivery
Malad Call Girl in Services  9892124323 | ₹,4500 With Room Free DeliveryMalad Call Girl in Services  9892124323 | ₹,4500 With Room Free Delivery
Malad Call Girl in Services 9892124323 | ₹,4500 With Room Free DeliveryPooja Nehwal
 
03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptxFinTech Belgium
 

Último (20)

Lundin Gold April 2024 Corporate Presentation v4.pdf
Lundin Gold April 2024 Corporate Presentation v4.pdfLundin Gold April 2024 Corporate Presentation v4.pdf
Lundin Gold April 2024 Corporate Presentation v4.pdf
 
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
 
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
 
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...
 
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
 
Bladex Earnings Call Presentation 1Q2024
Bladex Earnings Call Presentation 1Q2024Bladex Earnings Call Presentation 1Q2024
Bladex Earnings Call Presentation 1Q2024
 
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...
 
Commercial Bank Economic Capsule - April 2024
Commercial Bank Economic Capsule - April 2024Commercial Bank Economic Capsule - April 2024
Commercial Bank Economic Capsule - April 2024
 
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
 
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur EscortsCall Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
 
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service NashikHigh Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
 
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
 
Booking open Available Pune Call Girls Shivane 6297143586 Call Hot Indian Gi...
Booking open Available Pune Call Girls Shivane  6297143586 Call Hot Indian Gi...Booking open Available Pune Call Girls Shivane  6297143586 Call Hot Indian Gi...
Booking open Available Pune Call Girls Shivane 6297143586 Call Hot Indian Gi...
 
Dividend Policy and Dividend Decision Theories.pptx
Dividend Policy and Dividend Decision Theories.pptxDividend Policy and Dividend Decision Theories.pptx
Dividend Policy and Dividend Decision Theories.pptx
 
The Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdfThe Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdf
 
Instant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School DesignsInstant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School Designs
 
Veritas Interim Report 1 January–31 March 2024
Veritas Interim Report 1 January–31 March 2024Veritas Interim Report 1 January–31 March 2024
Veritas Interim Report 1 January–31 March 2024
 
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
 
Malad Call Girl in Services 9892124323 | ₹,4500 With Room Free Delivery
Malad Call Girl in Services  9892124323 | ₹,4500 With Room Free DeliveryMalad Call Girl in Services  9892124323 | ₹,4500 With Room Free Delivery
Malad Call Girl in Services 9892124323 | ₹,4500 With Room Free Delivery
 
03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx
 

du pont Earnings Release2007 2nd

  • 1. JULY 24, 2007 Contact: Anthony Farina WILMINGTON, Del. 302-774-4005 anthony.r.farina@usa.dupont.com DuPont Reports Second Quarter Earnings Per Share of $1.04; Reaffirms Full Year Outlook Highlights • Second quarter 2007 earnings per share were $1.04, compared with $1.04 in the second quarter of 2006. • Earnings per share grew 3 percent to $1.04 from $1.01, excluding a $0.03 per share significant item in the prior-year quarter. • Sales grew 6 percent to $7.9 billion, reflecting 1 percent volume growth, 2 percent higher local selling prices and a 3 percent currency benefit. • Sales growth in all regions outside the United States more than offset lower U.S. volumes resulting from continuing weakness in housing and automotive markets. • The benefit of higher local selling prices was offset by a rise in energy and ingredient costs. • Fixed costs as a percentage of sales decreased 120 basis points from the prior-year quarter. • DuPont reaffirmed its full year 2007 earnings outlook of about $3.15 per share excluding significant items. “We are seeing the benefit of our global presence – capitalizing on strong routes to market in developing countries and building on our market-leading positions for businesses that serve multiple industries,” said Charles O. Holliday, Jr., DuPont chairman and chief executive officer. “We generated solid volume growth in all regions outside the United States and increased local selling prices for the 14th consecutive quarter while reducing fixed costs as a percentage of sales. We are executing our growth strategies and continuing to increase return on invested capital.” Global Consolidated Sales and Net Income Consolidated net sales grew 6 percent to $7.9 billion in the quarter due to 2 percent higher local prices, a 1 percent increase in volume, and a 3 percent currency benefit. The 4 percent volume growth outside the United States was partly offset by lower volumes, primarily in the United States, from slower housing and auto markets. A summary of second quarter 2007 worldwide and regional sales performance is shown in the table below. E. I. du Pont de Nemours and Company
  • 2. 2 Three Months Ended June 30, 2007 Percentage Change Due to: Local % Currency $ Volume Currency Change Effect Price (Dollars in billions) U.S. $ 3.3 1 % 3 - (2) Europe 2.3 12 1 7 4 Asia Pacific 1.3 8 2 1 5 Canada & Latin America 1.0 8 2 2 4 Total Consolidated Sales $ 7.9 6 % 2 3 1 Net income for the second quarter of 2007 was $972 million, or $1.04 per share. Second quarter 2006 net income was $975 million, or $1.04 per share, and included a $31 million, or $0.03 per share tax benefit. Excluding the tax benefit, second quarter 2006 net income was $944 million, or $1.01 per share. The year-over-year improvement in underlying results principally reflects higher local prices, favorable currency impact, volume growth outside the United States, and higher pharmaceutical income. These gains were partially offset by higher ingredient costs and increased cost investments primarily to accelerate biotech research and development, expand global sales coverage in seeds, and increase production capacity in Kevlar® and Nomex®, photovoltaics, and select China facilities. Earnings Per Share The table below shows the variances in second quarter 2007 earnings per share (EPS) versus second quarter 2006: EPS Analysis EPS 2nd Quarter 2006 $ 1.04 Variances: 2Q’06 Significant item (see Schedule B) (.03) Local prices .13 Variable costs* (.15) Volume .03 Fixed costs* (.02) Currency .06 Pharmaceuticals .03 Tax Rate (.01) Other** (.04) 2nd Quarter 2007 $ 1.04 * Excludes volume and currency impact ** Primarily reflects higher income from product licensing and exchange gains in the prior year
  • 3. 3 Business Segment Performance Segment pre-tax operating income (PTOI) for the second quarter of 2007 grew 6 percent to $1.6 billion from $1.5 billion in the second quarter of 2006. Segment sales, PTOI, and related variances versus the second quarter of 2006 are shown in the following tables: SEGMENT SALES* Three Months Ended Percentage Change June 30, 2007 Due to: (Dollars in billions) $ % USD Volume Change Price Agriculture & Nutrition 2.1 7 6 1 Coatings & Color Technologies 1.7 5 4 1 Electronic & Communication 1.0 4 - 4 Technologies Performance Materials 1.7 8 7 1 Safety & Protection 1.5 4 4 - * Segment sales include intersegment transfers PRE-TAX OPERATING INCOME Three Months Ended June 30 (Dollars in millions) 2007 2006 % Change vs. 2006 Agriculture & Nutrition $ 428 $ 430 - % Coatings & Color Technologies 226 228 (1) Electronic & Communication Technologies 176 168 5 Performance Materials 227 191 19 Pharmaceuticals 241 200 21 Safety & Protection 318 308 3 Other (37) (32) nm $ 1,579 $ 1,493 6 % Agriculture & Nutrition • Sales of $2.1 billion grew 7 percent driven by strong U.S. seed corn and cereal herbicides sales. These gains were partially offset by lower sales of soybeans and cotton herbicides due to reduced acres in North America. • PTOI was $428 million versus $430 million in the second quarter 2006. Strong results in global crop protection products and North American seed corn were offset by lower soybean volumes and $33 million of growth investments. These investments were made to accelerate biotechnology trait development, to more rapidly integrate existing traits into leading germplasm and to strengthen seed sales coverage. Coatings & Color Technologies • Second quarter 2007 sales of $1.7 billion grew 5 percent reflecting 4 percent higher USD selling prices and 1 percent higher volume. Increased sales of refinish coatings and titanium dioxide outpaced the negative impact of the weak U.S. auto and housing markets. • PTOI was $226 million, essentially equal to the prior year. Fixed cost reductions in OEM coatings and strong international sales were offset by weakness in U.S. auto and housing markets and increased ingredient and transportation costs.
  • 4. 4 Electronic & Communication Technologies • Sales grew 4 percent to $979 million as volume growth in fluoroproducts and packaging graphics, favorable currency impact, and gains in photovoltaic markets were largely offset by lower refrigerant pricing and weakness in certain cell phone and semiconductor supply chains. • PTOI was $176 million in the quarter and included the benefit of a $25 million pre-tax inventory valuation adjustment. The weakness reflects lower refrigerants pricing and softness in certain electronic materials markets, primarily for cell phones. Performance Materials • Sales grew 8 percent to $1.7 billion reflecting higher local selling prices and a favorable currency impact. Volume growth in Europe and Latin America offset lower demand in North America. • PTOI increased 19 percent to $227 million primarily due to strong gains in the segment’s packaging, industrial polymer and elastomer product lines. Safety & Protection • Sales of $1.5 billion were up 4 percent reflecting a 4 percent increase in USD selling prices. Higher sales of aramids and construction materials outside the United States were offset by lower sales in U.S. housing markets. • PTOI increased 3 percent to $318 million, principally reflecting strong earnings growth in aramid products, largely offset by lower earnings from U.S. housing markets, spending for hybrid membrane technology and capacity expansions in Kevlar® and Nomex®. Additional information on segment performance is available on the DuPont Investor Center website at www.dupont.com. Share Repurchase Program Update The company has completed nearly 80 percent of its $5 billion share repurchase program announced October 2005. In the second quarter 2007, the company repurchased 5.9 million shares of its stock for $300 million. The total amount repurchased to date under this program is $3.9 billion, or approximately 90 million shares. The company expects to complete the remaining $1.1 billion of the program, consistent with its financial discipline principles, by the end of 2007. Outlook DuPont reaffirms its outlook for 2007 full-year earnings per share of about $3.15, excluding a $0.06 per share charge for significant items in the first quarter 2007. For the second half of 2007, the company expects to benefit from continued growth outside the United States, higher local selling prices and ongoing fixed cost productivity gains. The company also anticipates continued softness in U.S. housing, higher ingredient costs and a higher base tax rate versus last year. “Our strong position as a global market leader in both developed and developing economies enabled us to deliver 9 percent earnings growth in the first half of the year,” Holliday said.
  • 5. 5 “We will achieve our outlook through cost productivity gains and by continuing to deliver competitive advantages to our customers through market-driven innovations.” Use of Non-GAAP Measures Management believes that measures of income excluding significant items (quot;non- GAAPquot; information) are meaningful to investors because they provide insight with respect to ongoing operating results of the company. Such measurements are not recognized in accordance with generally accepted accounting principles (GAAP) and should not be viewed as an alternative to GAAP measures of performance. Reconciliations of non-GAAP measures to GAAP are provided in Schedule D. 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 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation. Forward-Looking Statements: This news release contains forward-looking statements based on management's current expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the company's strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like quot;expects,quot; quot;anticipates,quot; quot;plans,quot; quot;intends,quot; quot;projects,quot; quot;indicates,quot; and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in documents filed with the Securities and Exchange Commission by DuPont, particularly its latest annual report on Form 10-K and quarterly report on Form 10-Q, as well as others, could cause results to differ materially from those stated. These factors include, but are not limited to changes in the laws, regulations, policies and economic conditions, including inflation, interest and foreign currency exchange rates, of countries in which the company does business; competitive pressures; successful integration of structural changes, including restructuring plans, acquisitions, divestitures and alliances; cost of raw materials, research and development of new products, including regulatory approval and market acceptance; seasonality of sales of agricultural products; and severe weather events that cause business interruptions, including plant and power outages, or disruptions in supplier and customer operations. ### 7/24/07
  • 6. 6 E. I. du Pont de Nemours and Company Consolidated Income Statements (Dollars in millions, except per share amounts ) SCHEDULE A Three Months Ended Six Months Ended June 30, June 30, 2007 2006 2007 2006 Net sales $ 7,875 $ 7,442 $ 15,720 $ 14,836 (a) Other income, net 364 396 680 666 Total 8,239 7,838 16,400 15,502 Cost of goods sold and other operating charges (b), (c) 5,555 5,227 11,101 10,564 Selling, general and administrative expenses 877 853 1,715 1,644 Amortization of intangible assets 54 56 110 115 Research and development expense 337 328 647 641 Interest expense 108 119 207 233 Total 6,931 6,583 13,780 13,197 Income before income taxes and minority interests 1,308 1,255 2,620 2,305 (a) Provision for income taxes 335 279 700 510 Minority interests in earnings of consolidated subsidiaries 1 1 3 3 Net income $ 972 $ 975 $ 1,917 $ 1,792 Basic earnings per share of common stock $ 1.05 $ 2.07 $ 1.05 $ 1.94 Diluted earnings per share of common stock $ 1.04 $ 2.05 $ 1.04 $ 1.92 Dividends per share of common stock $ 0.37 $ 0.74 $ 0.37 $ 0.74 Average number of shares outstanding used in earnings per share (EPS) calculation: Basic 923,816,790 922,227,761 923,907,117 921,723,199 Diluted 932,808,980 931,953,934 933,026,764 930,892,168 (a), (b), (c) See Notes to Schedules of Significant Items for additional information.
  • 7. 7 E. I. du Pont de Nemours and Company Schedules of Significant Items (Dollars in millions, except per share amounts ) SCHEDULE B SIGNIFICANT ITEMS Pre-tax After-tax ($ Per Share) 2007 2006 2007 2006 2007 2006 $ (52) $ (128) $ (52) $ (50) $ (0.06) $ (0.05) 1st Quarter - Total 2nd Quarter: Corporate tax-related item (a) - - - 31 - 0.03 2nd Quarter - Total $ - $ - $ - $ 31 $ - $ 0.03 $ (52) $ (128) $ (52) $ (19) $ (0.06) $ (0.02) Year-to-date - Total SIGNIFICANT ITEMS BY SEGMENT Three Months Ended Six Months Ended June 30, June 30, 2007 2006 2007 2006 Agriculture & Nutrition $ - $ - $ - $ - Coatings & Color Technologies (c) - - - (135) Electronic & Communication Technologies - - - - Performance Materials (b) - - (52) - Safety & Protection - - - - Textiles & Interiors - - - - Other - - - - Total (excluding Corporate) $ - $ - $ (52) $ (135) (a), (b), (c) See Notes to Schedules of Significant Items for additional information.
  • 8. 8 E. I. du Pont de Nemours and Company Notes to Schedules of Significant Items (Dollars in millions, except per share amounts ) (a) Second quarter 2006 includes a tax benefit of $31 associated with an increase in the deferred tax assets of a European subsidiary for a tax basis investment loss recognized on the local tax return. Year-to-date 2006 includes a reversal of accrued interest of $7 ($4 after-tax) in Other income, net and the reversal of $44 of income taxes associated with favorable settlement of certain prior-year tax contingencies which had been previously reserved. (b) Year-to-date 2007 includes a net $52 charge in Cost of goods sold and other operating charges for existing litigation in the Performance Materials segment in connection with the elastomers antitrust matter. (c) Year-to-date 2006 includes a restructuring charge of $135 in the Coatings & Color Technologies segment in connection with the company's plans to close and consolidate certain manufacturing and laboratory sites. Cost of goods sold and other operating charges includes employee separation charges, primarily in Europe and the U.S., for approximately 1,300 employees and other exit costs.
  • 9. 9 E. I. du Pont de Nemours and Company Consolidated Segment Information (Dollars in millions ) SCHEDULE C Three Months Ended Six Months Ended June 30, June 30, SEGMENT SALES (1) 2006 (2) 2006 (2) 2007 2007 Agriculture & Nutrition $ 2,074 $ 1,935 $ 4,524 $ 4,109 Coatings & Color Technologies 1,701 1,625 3,260 3,103 Electronic & Communication Technologies 979 942 1,899 1,827 Performance Materials 1,679 1,556 3,268 3,097 Safety & Protection 1,466 1,413 2,836 2,773 Other 50 48 93 94 Total Segment sales $ 7,949 $ 7,519 $15,880 $15,003 Elimination of transfers (74) (77) (160) (167) Consolidated net sales $ 7,875 $ 7,442 $15,720 $14,836 Three Months Ended Six Months Ended June 30, June 30, PRETAX OPERATING INCOME/(LOSS) (PTOI) (3) 2006 (2) 2006 (2) 2007 2007 Agriculture & Nutrition $ 428 $ 430 $ 1,079 $ 1,027 Coatings & Color Technologies 226 228 420 249 Electronic & Communication Technologies 176 168 300 328 Performance Materials 227 191 377 346 Pharmaceuticals 241 200 466 369 Safety & Protection 318 308 609 576 Other (37) (32) (93) (88) Total Segment PTOI $ 1,579 $ 1,493 $ 3,158 $ 2,807 Exchange gains and (losses) (4) 8 26 (20) 8 Corporate expenses & net interest (279) (264) (518) (510) Income before income taxes and minority interests $ 1,308 $ 1,255 $ 2,620 $ 2,305 (1) Sales for the reporting segments include transfers. (2) Certain reclassifications of 2006 segment data have been made to reflect changes in organizational structure for 2007. (3) Refer to the Notes to Schedules of Significant Items for additional information. (4) Net after-tax exchange activity for the three and six-months ended June 30, 2007 were losses of $7 and $25, respectively. For the three and six-months ended June 30, 2006, the net after-tax exchange activity were a gain of $9 and a loss of $12, respectively. Gains and losses resulting from the company's hedging program are largely offset by associated tax effects.
  • 10. 10 E. I. du Pont de Nemours and Company Reconciliation of Non-GAAP Measures (Dollars in millions, except per share amounts ) SCHEDULE D Summary of Earnings Comparisons Three Months Ended Six Months Ended June 30, June 30, % % 2007 2006 Change 2007 2006 Change Segment PTOI $ 1,579 $ 1,493 6% $ 3,158 $ 2,807 13% Significant Items charge included in PTOI (per Schedule B) - - 52 135 Segment PTOI excluding Significant Items $ 1,579 $ 1,493 6% $ 3,210 $ 2,942 9% Net Income $ 972 $ 975 0% $ 1,917 $ 1,792 7% Significant Items (benefit)/ charge included in Net Income (per Schedule B) - (31) 52 19 Net Income excluding Significant Items $ 972 $ 944 3% $ 1,969 $ 1,811 9% EPS $ 1.04 $ 1.04 0% $ 2.05 $ 1.92 7% Significant Items (benefit)/ charge included in EPS (per Schedule B) - (0.03) 0.06 0.02 EPS excluding Significant Items $ 1.04 $ 1.01 3% $ 2.11 $ 1.94 9% Average number of diluted shares outstanding 932,808,980 931,953,934 0.1% 933,026,764 930,892,168 0.2% Calculation of Segment PTOI as a Percent of Segment Sales Three Months Ended Six Months Ended June 30, June 30, % % 2007 2006 Change 2007 2006 Change Segment PTOI excluding Significant Items $ 1,579 $ 1,493 6% $ 3,210 $ 2,942 9% Segment sales $ 7,949 $ 7,519 6% $ 15,880 $ 15,003 6% Segment PTOI as a percent of segment sales 19.86% 19.86% 20.21% 19.61%
  • 11. 11 E. I. du Pont de Nemours and Company Reconciliation of Non-GAAP Measures (Dollars in millions, except per share amounts ) SCHEDULE D (continued) Reconciliations of Adjusted EBIT / Adjusted EBITDA to Consolidated Income Statement Three Months Ended Six Months Ended June 30, June 30, 2007 2006 2007 2006 Income before income taxes and minority interests $ 1,308 $ 1,255 $ 2,620 $ 2,305 Less: Minority interest in earnings of consolidated subsidiaries (1) - (1) (4) (3) (2) Add: Net interest expense 100 109 187 204 Adjusted EBIT 1,408 1,363 2,803 2,506 (3) Add: Depreciation and amortization 335 333 672 670 Adjusted EBITDA $ 1,743 $ 1,696 $ 3,475 $ 3,176 (1) Excludes income taxes. (2) Includes interest expense plus amortization of capitalized interest less interest income. (3) Excludes amortization of capitalized interest. Reconciliations of Fixed Costs as a Percent of Sales Three Months Ended Six Months Ended June 30, June 30, 2007 2006 2007 2006 Total charges and expenses - consolidated income statements $ 6,931 $ 6,583 $ 13,780 $ 13,197 Remove: Interest expense (108) (119) (207) (233) (1) Variable costs (3,781) (3,505) (7,524) (6,942) (2) Significant Items - charge - - (52) (135) Fixed costs $ 3,042 $ 2,959 $ 5,997 $ 5,887 Consolidated net sales $ 7,875 $ 7,442 $ 15,720 $ 14,836 Fixed costs as a percent of sales 38.6% 39.8% 38.1% 39.7% (1) Includes variable manufacturing costs, freight, commissions and other selling expenses which vary with the volume of sales. (2) See Schedule B for detail of Significant Items.
  • 12. 12 E. I. du Pont de Nemours and Company Reconciliation of Non-GAAP Measures (Dollars in millions, except per share amounts ) SCHEDULE D (continued) Reconciliation of Earnings Per Share (EPS) Outlook Year Ended December 31, 2007 2006 Outlook Actual Earnings per share - excluding Significant Items $ 3.15 $ 2.88 Significant Items included in EPS: Litigation related charges - Performance Materials (0.06) - Restructuring charges - Agriculture & Nutrition - (0.13) Coatings & Color Technologies - (0.10) American Jobs Creation Act - 0.02 Hurricane related items - 0.10 Asbestos insurance recovery - 0.04 Asset impairment - Safety & Protection - (0.03) Sales terms and expense accrual changes - (0.04) Corporate tax-related items - 0.64 Net (charge)/benefit for Significant Items (0.06) 0.50 Reported EPS $ 3.09 $ 3.38 Reconciliation of Base Income Tax Rate to Effective Income Tax Rate Three Months Ended Six Months Ended June 30, June 30, 2007 2006 2007 2006 Income before income taxes and minority interests $ 1,308 $ 1,255 $ 2,620 $ 2,305 Add: Significant Items - charge - - 52 128 Net exchange (gains) / losses (8) (26) 20 (8) Income before income taxes, Significant Items, exchange gains/losses and minority interests $ 1,300 $ 1,229 $ 2,692 $ 2,425 Provision for income taxes $ 335 $ 279 $ 700 $ 510 Add: Tax benefit on Significant Items - 31 - 109 Tax expense on exchange gains/losses (15) (17) (5) (20) Provision for income taxes, excluding taxes on Significant Items and exchange gains $ 320 $ 293 $ 695 $ 599 Effective income tax rate 25.6% 22.2% 26.7% 22.1% Base income tax rate 24.6% 23.8% 25.8% 24.7%