WILMINGTON, Del., Jan. 22 /PRNewswire-FirstCall/ -- In a letter to shareholders posted today, DuPont Chairman and CEO Charles O. Holliday, Jr., highlighted the company’s recent improvements in profitability, return on capital and productivity. The company announced strong fourth quarter and full year 2007 financial results earlier today.
Holliday outlined how the company plans to achieve higher profitability in 2008 and beyond by making advances in agriculture, safety and protection, emerging markets and cost productivity.
“We are confident we can deliver attractive growth in earnings in 2008, and see even stronger growth in the years to follow -- continuing our improvement of the last three years,” Holliday said.
“We recognize that these are challenging times, as the macroeconomic and global political environment creates concerns among investors about the outlook for business profitability and growth for companies across the industrial, consumer and service sectors,” Holliday said. “While such concerns are real, the multi-year transformation of DuPont and our improved performance have put us in a better position to meet these challenges.”
The full DuPont letter to shareholders is available at the following link: http://www2.dupont.com/Media_Center/en_US/assets/downloads/pdf/2008_shareholde r_letter.pdf (Due to the length of this URL, please copy and paste into your browswer)
DuPont is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.
Forward-Looking Statements: This news release contains forward-looking statements based on management’s current expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the company’s strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like “expects,” “anticipates,” “plans,” “intends,” “projects,” “indicates,” and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in documents filed with the Securities and Exchange Commission by DuPont, particularly its latest annual report on Form 10-K and quarterly report on Form 10-Q, as well as others, could cause results to differ materially from those stated. These factors include, but are not limited to changes in the laws, regulations, policies and economic conditions, including inflation, interest and foreign currency exchange rates, of countries in which the company does business; competitive pressures; successful integration of structural changes, including restructuring plans, acquisitions, divestitures and alliances; cost of raw materials, research and development of new products, including regulatory approval and market acceptance; seasonality of sales of agricultural products; and severe weather events that cause business interruptions, including plant and power outages, or disruptions in supplier and customer operations.
CONTACT: Anthony Farina of DuPont, +1-302-774-4005,
anthony.r.farina@usa.dupont.com
Web site: http://www.dupont.com/
