Tuesday, April 23, 2013 - 10:33am
Agriculture up, chemicals clipped in latest DuPont earnings
Updated Tuesday, April 23, 2013 - 12:12pm
DuPont says its net income more than doubled in the first quarter on strong results by its agricultural unit.
CEO Ellen Kullman says net income was $3.35 billion or $3.58 per share for the quarter ended March 31. That's up from $1.49 billion, or $1.58 per share, a year ago.
"Our agriculture segment produced record revenue with an increase of 14%. Nutrition and health delivered a 7% revenue improvement compared to 2012. For the year, we reaffirmed today our full year 2013 revenue per share outlook. We also announced a five percent dividend increase earlier today," says Kullman.
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The gains in agriculture were offset some by the performance chemicals unit, which saw its numbers drop, not unexpectedly, due to lower market prices for the titanium dioxide the unit produces.
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