MOSCOW (
MRC) -- DuPont Co.’s sales and net income experienced slight changes for the second quarter 2014, as operating earnings dropped to USD1.17 per share in the second quarter, down from USD1.28 per share in 2013, said
Plasticsnews.
The firm’s net income increased slightly to about USD1.07 billion, up USD40 million from 2013. However for the half year, net income is down to about USD2.52 billion compared to USD4.39 billion in 2013.
DuPont’s sales decreased by 1 percent to about USD9.71 billion in the second quarter compared to USD9.84 billion in 2013. Sales also declined for the six-month period, down to about USD19.8 billion compared to USD20.3 billion in 2013.
The company’s Performance Chemicals segment was its second-largest performer sales wise for the three-month period, reporting sales of about USD1.7 billion. That, however, was down 8 percent compared to 2013. Operating earnings were down USD17 million, or 6 percent, to USD251 million.
Chair and CEO Ellen Kullman said DuPont will move ahead with its
planned separation of its Performance Chemicals segment, which is still on track for mid-2015. She said DuPont has launched the initial stage of a broad initiative to reset the firm’s operating model.
DuPont’s Performance Materials business was its third best performer among its seven primary business segments, recording sales of about USD1.58 billion, which was down 2 percent compared to 2013. Operating earnings decreased USD29 million, or 9 percent, to USD303 million.
The firm’s largest segment was Agriculture, recording sales of about USD3.62 billion, which DuPont said was no change from 2013. However, the firm reported an 11 percent decrease in earnings to USD836 million.
Regionally, the U.S. and Canada accounted for about USD4.6 billion of its total second quarter sales, which dropped 3 percent compared to 2013. Its sales in the Europe, Middle East and Africa region increased 2 percent to about USD2.12 billion, while sales in the Asia Pacific held at about USD2.09 billion. Sales in Latin America dropped 4 percent to USD895 million.
DuPont is an American chemical company that was founded in July, 1802. The company manufactures a wide range of chemical products, leading extensive innovative research in this field. The company is the inventor of many unique plastics and other materials, including neoprene, nylon, Teflon, Kevlar, Mylar, Tyvek, etc. DuPont was the developer and main producer of Freon used in the production of refrigeration equipment.
MRC