United States. DuPont reported an increase in its third quarter of 2011 earnings of $69 per share, excluding significant items, compared to $40 per share a year earlier.
Sales increased 32% to $9.2 billion with a 15% increase in local prices, 4% in foreign exchange earnings, 1% in volume and a 12% net increase since portfolio changes. Sales in development markets grew by 38%.
High-performance coatings reported sales of $1.1 billion representing 17% growth, high selling prices reflect favorable forex and price actions in all market segments to offset high raw material costs. Demand increased in part for vehicle coatings and remains strong for industrialists.
"The resilience and diversity of DuPont's business portfolio was evident in this period. Despite turbulence in the global economy and market conditions, we had solid growth through innovative products and technology processes," said Ellen Kullman, CEO of DuPont.
