8-KRegulation FD

EIDP, Inc. 8-K Report, Regulation FD Disclosure (Mar 10, 2014)

Filed March 10, 2014For Securities:CTA-PBCTA-PA

Summary

EIDP, Inc. (DuPont) filed an 8-K on March 10, 2014, to reaffirm its full-year 2014 operating earnings outlook of $4.20-$4.45 per share. This reaffirmation comes ahead of investor meetings and aims to provide clarity amidst certain anticipated headwinds for the first quarter of 2014. The company expects Q1 2014 results to be challenged by adverse weather conditions in North America, business disruptions in Ukraine, and farmer uncertainty impacting agricultural sales timing. Despite these short-term concerns, DuPont anticipates that full-year performance will be driven by effective business plan execution, a general improvement in global industrial production, and beneficial lower agricultural input costs, which are expected to outweigh the first-quarter challenges.

Key Highlights

  • 1Reaffirms 2014 full-year operating earnings per share outlook of $4.20-$4.45.
  • 2Acknowledges potential headwinds impacting Q1 2014 revenue and earnings growth.
  • 3Identifies specific Q1 challenges: severe North American weather, Ukraine business disruptions, and agricultural farmer uncertainty.
  • 4Expresses confidence in full-year performance driven by business execution and global industrial production improvement.
  • 5Expects benefits from lower agricultural input costs to contribute positively to full-year results.
  • 6Clarifies that the outlook excludes an estimated $0.09 per share for non-operating pension/OPEB costs (a non-GAAP measure).
  • 7Includes standard forward-looking statements disclaimer regarding risks and uncertainties.

Frequently Asked Questions

The company is reaffirming its previously issued full-year 2014 operating earnings per share outlook, which remains in the range of $4.20 to $4.45.

The first quarter is expected to face challenges from extended cold temperatures and winter storms in North America, business disruptions in Ukraine, and uncertainty among farmers that could affect the timing of agricultural sales and planted areas.

The company is furnishing this report ahead of investor meetings during the week of March 10, 2014, to reaffirm its full-year outlook and provide investors with clarity on its expectations, especially in light of anticipated Q1 headwinds.

DuPont expects to overcome the Q1 challenges through the execution of its business plans, an anticipated improvement in global industrial production, and the benefit of lower agricultural input costs.