DuPont posts loss on $2.5-billion impairment charge

摘要

DuPont reports a second-quarter net loss of $2.5 billion, reflecting the impact of a $2.5-billion noncash impairment charge in the transportation and industrial segment and restructuring costs. Adjusted earnings were $514 million, down 19% year on year (YOY). Reported adjusted earnings of 70 cts/share were down 30% YOY and 11 cts/share above consensus estimates, as reported by Zacks Investment Research. Net sales of $4.8 billion were down 12% YOY. Organic sales and volumes were both down 10% YOY.