DuPont reported second quarter 2011 earnings per share (EPS) and increased 2011 guidance – reflecting strong second-quarter results, the expectation for continued global economic growth and about USD …
DuPont reported second quarter 2011 earnings per share (EPS) and increased 2011 guidance – reflecting strong second-quarter results, the expectation for continued global economic growth and about USD 0.05 per share full-year impact from Danisco on an underlying basis. DuPont“s second-quarter 2011 earnings per share were USD 1.37, compared to USD 1.17 in 2010. Sales were USD 10.3 billion, up 19% versus 2010. This reflects 11% higher local prices, 2% higher sales volume, 3% currency benefit and a 3% increase from portfolio changes. Sales in developing markets grew 29% and represent 30% of total sales. Our strong second-quarter sales growth across all segments and regions resulted from consistent global execution and customer-focused innovation, said DuPont Chair & CEO Ellen Kullman. We are increasing our earnings outlook for 2011 based on strong performance year-to-date and confidence in our business plans for the second half of the year. Longer term, we expect additional compelling growth opportunities across our businesses stemming from science-powered innovations and collaboration, including the integration of Danisco“s world-class enzymes, fermentation and specialty food ingredients capabilities with DuPont“s strong industrial biosciences and nutrition & health offerings, Ellen said.