Tuesday, science and technology company EI DuPont de Nemours & Co. (DD), reaffirmed its earnings per share view for the full year 2009 and issued its earnings guidance for the full year 2010.
DuPont reaffirmed its full year 2009 non-GAAP earnings outlook of $1.95 to $2.05 per share, which excludes significant items estimated at $0.15 per share. On a GAAP basis, the company expects earnings in the range of $1.80 to $1.90 per share.
DuPont said that for full year 2010 it expects earnings to be in the range of $2.10 to $2.40 per share.
Chief Executive Officer Ellen Kullman commenting on the the company's strategy said, "Our focus is on delivering superior growth for our shareholders through customer-driven and science-based solutions, carefully prioritized investments, industry-leading productivity, and strict accountability."
The company expects to generate about 10% top-line compound annual growth for the 2009-2012 period. EI DuPont also plans to capture $1 billion in fixed cost productivity and $1 billion in working capital productivity gains during the 2010-2012 time frame.
The company in its investors meeting brief said its business segment contributions to the growth between 2009-2012 expects Agriculture & Nutrition to generate more than $2 billion in top-line growth through 2012.
Electronics & Communications segment is expected to improve its margins and deliver top-line growth, while safety & production segment is expected to generate 12-16% annual revenue growth.
The company aims to restore pre-tax operating margins to low double digits by 2012, delivering $300 million in fixed and variable cost productivity. EI DuPont's performance materials segment would focus on earnings growth and cash generation.
Further, EI DuPont expects its performance chemicals segment to deliver top-quartile performance among peers.
DD is currently trading at $32.63, up $0.36 or 1.12%, on the NYSE.
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