DuPont’s second-quarter results fell sharply on negative currency impacts, continued weakness in performance chemicals—a business it spun-out to shareholders on 1 July—and lower volumes in agriculture. The company reports net income down 12.0% year-on-year (YOY), to $945 million. Operating earnings of $1.18/share were up a penny YOY. Net sales declined 11.4% YOY, to $8.6 billion. Volumes were down 2%. Revenue declined across all regions and segments. Sales were down 8% YOY in the US and Canada, which accounts for nearly 50% of revenue, and fell 18% in Europe, Mideast, and Africa; 10% in Asia Pacific, and 18% in Latin America.
展开▼
