Summary
E. I. du Pont de Nemours and Company (DuPont) filed its annual report for the fiscal year ending December 30, 2010, highlighting strong performance recovery and strategic growth initiatives. The company reported a significant increase in net sales and income compared to the previous year, driven by higher sales volumes and improved pricing across most segments. This financial uplift was supported by a broad economic recovery and specific segment strengths, particularly in Agriculture & Nutrition and Electronics & Communications. DuPont also provided an outlook for 2011, anticipating continued growth, though tempered by expected declines in pharmaceutical income due to patent expirations.
Financial Highlights
56 data pointsBeta
Financial Statements
Beta
| Revenue | $27.70B |
| R&D Expenses | $1.60B |
| SG&A Expenses | $2.91B |
| Operating Expenses | $25.64B |
| Operating Income | $4.61B |
| Interest Expense | $590.00M |
| Net Income | $3.05B |
| EPS (Basic) | $3.32 |
| EPS (Diluted) | $3.28 |
| Shares Outstanding (Basic) | 908.86M |
| Shares Outstanding (Diluted) | 921.65M |
Key Highlights
- 1DuPont is a science and innovation leader across various disciplines, including agriculture, chemistry, and materials science, operating globally with approximately 60,000 employees.
- 2The company has a diversified business structure with seven reportable segments: Agriculture & Nutrition, Electronics & Communications, Performance Chemicals, Performance Coatings, Performance Materials, Safety & Protection, and Pharmaceuticals.
- 3A significant strategic development is the announced acquisition of Danisco A/S for $6.3 billion, expected to close in Q2 2011, which aims to establish DuPont as a leader in industrial biotechnology.
- 4Sales in developing markets showed strong growth, increasing to 32% of total company sales in 2010, with plans to reach 36% by 2015.
- 5The company continues to invest in research and development, with a focus on sustainability and addressing global trends like increasing food production and decreasing dependency on fossil fuels.
- 6DuPont maintained a consistent dividend payment history, marking its 426th consecutive quarterly dividend, and repurchased $250 million of its common stock in Q4 2010.
- 7The company is actively managing risks, including raw material price volatility, litigation, environmental liabilities, and potential business disruptions, with various hedging and risk mitigation strategies in place.