19 April 2012 17:16 [Source: ICIS news]
HOUSTON (ICIS)--DuPont is seeing signs that its markets are improving after a couple of challenging quarters, the CEO of the US-based producer said on Thursday.
Meanwhile, essentially all of DuPont’s industrial businesses – which include performance chemicals, performance coatings, and performance products – saw sequential volume improvements in the 2012 first quarter from the 2011 fourth quarter, Kullman said.
Going forward, DuPont expects further sequential volume improvements in its businesses, she said.
However, on a year-on-year comparison, DuPont’s volume growth trends are relatively weaker, given the strong 2011 first and second quarters, she added.
“The good news is that we don’t see conditions deteriorate for our industrial businesses,” she said in commenting on
But despite a strong first quarter and the positive outlook, DuPont chose to leave its full-year 2012 earnings guidance unchanged at $4.20 to $4.40/share, excluding significant items, Kullman said.
DuPont would need to see a beyond the second quarter before changing the guidance, she said.
Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog
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