PaintSquare.com


The First Word in Protective & Marine Coatings

A Product of Technology Publishing / PaintSquare
JPCL | PaintSquare News | Durability + Design | Paint BidTracker

Paint and Coatings Industry News

Main News Page


Performance Coatings, Materials Lift DuPont’s Q3

Wednesday, October 27, 2010

Comment | More

DuPont notched double-digit percentage increases in sales during the third quarter, with all segments recording “robust volume increases,” the company said.

The company delivered third-quarter earnings of $.40 per share despite $.13 Pharmaceuticals decline.

Sales of $7 billion grew 17% versus the prior year, reflecting 14% higher volume, 5% higher local selling prices, a 1% reduction from currency exchange rates, and a 1% reduction from portfolio changes, the company reported. Sales in emerging markets increased 22 percent.

The company increased its full-year 2010 earnings guidance to about $3.10 per share, excluding significant items. The company’s previous guidance was a range of $2.90 to $3.05 per share.

“I am proud of our business teams’ performance this quarter, with segment pre-tax earnings up 33 percent excluding Pharmaceuticals income,” said DuPont Chair and CEO Ellen Kullman.

“DuPont’s market focus and science-based innovations helped drive outstanding sales growth, with all business segments and regions contributing.”

The company reported these segment results:

Performance Coatings

Third-quarter 2010 sales of $937 million were up $55 million, or 6%, on 5% higher volume. Results reflect continued strengthening in North American and European heavy-duty truck markets and increased demand in global automotive markets, most significantly in North America. PTOI was $64 million, up 10% from higher volume.
 
Performance Materials

Third-quarter 2010 sales of $1.6 billion were up $275 million, or 21%, with 19% higher volume and a 4% increase in selling prices. The higher volume reflects strong demand in automotive, electronic and packaging markets, with growth in all regions, particularly Asia Pacific. PTOI was $281 million, an improvement of 22% from higher volume and selling prices, partially offset by the absence of a $24 million benefit from insurance recoveries in 2009.
 
Safety & Protection

Third-quarter 2010 sales of $871 million were up $201 million, or 30%, primarily due to higher volume. Growth reflects increased demand for aramid and nonwoven products due to strengthening in industrial markets, and strong demand across all regions. PTOI was $134 million, an improvement of $76 million from higher volume and the absence of a $26 million asset impairment charge in 2009.

Outlook

The company’s increased earnings outlook reflects strong third-quarter results and expectations for sustained demand in key global markets, continued pricing momentum and benefits from ongoing productivity.

   

Tagged categories: Coatings manufacturers; DuPont; Earnings reports; Economy; Finance

Comment Join the Conversation:

Sign in to our community to add your comments.

Hempel (USA) Inc.
HEMPEL PROTECTIVE COATINGS

Efficient systems and high quality products to reduce your maintenance costs. Visit Hempel Protective for more information.


Wasser High-Tech Coatings Inc.
Wasser Coatings Protect

some of the most important bridges in the country; learn about our NEPCOAT-approved system and our entire range of MCU & Polyurea coatings. 1-800-627-2968 www.wassercoatings.com


Carboline Company
Hyrdrocarbon Fire & Jet Fire Protection

Pyroclad X1 is the latest breakthrough in epoxy based intumescent fireproofing technology


Polyval Coatings
POLYFLEX brand Polyurea

high chemical resistant membranes are used extensively to protect our environment in secondary containment applications.


Greener Blast Technologies
Reinventing the Blasting Industry

Greener Blast Technology, Inc. manufactures the most effective slurry blasting system available on the market to date.


Simpson Strong-Tie
Repair, Protect & Strengthen

Need a coating? Turn to Fox. We have solutions to repair, protect and strengthen concrete, steel and wood substrates. Call 888-760-0369 or email info@foxind.com


Keizer Technologies, Inc.
Fast • Safe • Clean • Silent

The innovative RPR Induction Disbonder, the world’s fastest, safest, cleanest and very cost effective method for removing paint and coatings from steel surfaces.

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker JPCL Europe

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2014, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com