Bloomberg News

DuPont Says 2012 Profit May Rise 12% on Agriculture Sales Gain

December 13, 2011

Dec. 13 (Bloomberg) -- DuPont Co., the most valuable U.S. chemicals company, said profit will rise as much as 12 percent in 2012 as agricultural and titanium-dioxide sales increase.

Adjusted net income will be $4.20 to $4.40 a share, representing an increase of 7 to 12 percent from the midpoint of its 2011 forecast, the Wilmington, Delaware-based company said today in a statement. The average of 18 analysts’ estimates compiled by Bloomberg is for earnings of $4.29 a share. Sales will be $40 billion to $42 billion next year, DuPont said.

DuPont said it expects long-term compound sales growth at its agricultural business of 8 to 10 percent with pretax operating profit margins rising to as much as 22 percent.

It expects long-term compound sales growth at its performance chemicals business, which makes titanium-dioxide pigment, of as much as 8 percent and pretax operating profit margins of as much as 20 percent. Near-term margins at the unit are expected to be as high as 24, DuPont said.

--Editor: Simon Casey

To contact the reporter on this story: Jack Kaskey in Houston at jkaskey@bloomberg.net

To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net -0- Dec/13/2011 13:04 GMT


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