DuPont’s Q1 earnings dragged down by TiO2 business and currency exchange
Published: Wednesday, 22 April 2015
Leading chemicals and coatings producer DuPont saw its first quarter earnings slip 28% as sales in all of its businesses fell owing to negative currency exchange impacts, while its TiO2 and agriculture businesses experienced challenging market environments. However, as all eyes are on the company’s performance amid its battle with shareholder Trian, DuPont was quick to point out that volumes in its core businesses were up and its TiO2 business spin-off would help enhance performance.
The DuPont Co. has reported a 28% fall in earnings to
$1.03bn for the first quarter of 2015, owing to negative
currency exchanges and poor results in the
company’s soon to be spun-off performance
Total sales for the company fell 9% to $9.17bn, which the