DuPont has revealed first quarter consolidated sales down 3% to US$10.1bn, principally due to differences in timing and planted area for agriculture sales, negative currency impact and adverse weather conditions in North America.
However, volume grew in each of DuPont’s industrial related segments and operating margins increased in six of seven segments compared to last year’s first quarter.
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“We achieved substantial earnings growth in most of our segments in the first quarter as we advanced our strategic and operational priorities,” said DuPont chair and CEO, Ellen Kullman.
“We delivered near record earnings per share despite the challenges of harsh weather and differences in year-on-year comparisons in our agriculture segment and our key initiatives remain on track.”
