DuPont Targets 12 Earnings Growth through 2015

摘要

DuPont says it expects full-year 2011 earnings of $3.30-$3.60/share, on sales of $33 billion-$34 billion. The consensus of analysts’ estimates is $3.45/share and revenue of $33.42 billion, as reported by Thomson One (New York). DuPont’s shares fell 1.6 this morning after DuPont issued its earnings outlook at its investor day in Wilmington, DE. DuPont says it expects about 12 earnings per share compound annual growth rate (CAGR) through 2015. Its electronics and communications segmentis poised for the biggest sales gain through 2015, with CAGR growth of 10-12. DuPont cites particularly strong demand from the consumer electronics and photovoltaics markets. Sales in its electronicsand communications segment, and its safety and protection unit will grow 8-10, DuPont says. Revenue growth across its other divisions will be slightly slower. Meanwhile, DuPont says it is evaluating a “major” brownfield titanium dioxide (TiO2) expansion and expects additional capacity onstream between 2014 and 2015. In China, the company says it is pursuing a license to build a greenfield TiO2 plant, which is expected to start up after 2015.