DuPont News, July 22, 2008
DuPont Reports Second Quarter 2008 Results
Second quarter 2008 earnings per share grew 13 percent to USD 1.18, up from USD 1.04 in the second quarter of 2007. Earnings benefited USD .07 per share from a litigation settlement and a lower base tax rate.
"DuPont captured strong growth in agriculture and emerging markets and grew earnings despite accelerating raw material and energy costs in the second quarter. We are executing well in a challenging environment," said DuPont Chairman and CEO Chad Holliday. "DuPont's strategic transformation in recent years is enabling us to successfully adapt to the new reality of significantly higher commodity costs and we remain focused on achieving our 2010 accelerated growth plan."
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EPS Analysis
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EPS
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2nd Quarter 2007
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USD
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1.04
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Variances:
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Local prices
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.42
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Variable costs*
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(.51)
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Volume
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.03
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Fixed costs*
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(.04)
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Currency
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.11
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Pharmaceuticals
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.02
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Tax rate**
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.03
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Litigation settlement
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.04
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Fewer shares
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.03
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Lower interest expense
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.01
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2nd Quarter 2008
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USD
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1.18
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*
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Excludes volume and currency impact
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**
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Includes USD 0.03 from a favorable tax settlement
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![Global [change]](/globalassets/v3/images/en_US/topNav_Mn_count.gif)
