DuPont Reports 4Q and Full-Year Operating EPS of $0.27 and $2.77

Increasing 2016 Cost Savings to Annual Run Rate of $1.0 BillionCompany Expects 2016 Full-Year Operating Earnings of $2.95 – $3.10 Per Share WILMINGTON, Del., Jan. 26, 2016 /PRNewswire/ — Fourth-Quarter Highlights Fourth-quarter operating earnings per share were $0.27, in line with expectations, versus $0.57 in prior year. GAAP1 (losses) earnings per share were ($0.26) versus $0.63 in prior year. Excluding currency, sales declined 1 percent. Currency negatively impacted sales by an additional 8 percent. Segment pre-tax operating earnings of $553 million included $170 million, or $0.17 per share, of negative impact from currency. Growth in Industrial Biosciences and Nutrition & […]

DuPont Announces Executive Leadership Changes

James C. Borel and Gary W. Spitzer to Retire in Early 2016 WILMINGTON, Del., Dec. 14, 2015 /PRNewswire/ — Today DuPont announced the following executive leadership changes, effective Jan. 1, 2016 to streamline the company for growth and simplify the organization. James C. Collins, executive vice president, will lead the DuPont Agriculture business segment.  Marc Doyle has been named executive vice president and will lead the Electronics & Communications, Industrial Biosciences, Nutrition & Health, Performance Materials and Safety & Protection business segments.  Richard C. Olson has been named senior vice president – Corporate Services and will assume responsibility for the Safety, […]

DuPont Announces $700 Million Global Cost Savings and Restructuring Plan for 2016; Highlights 2016 Macroeconomic Expectations

WILMINGTON, Del., Dec. 11, 2015 /PRNewswire/ — Today DuPont announced a 2016 global cost savings and restructuring plan designed to reduce $700 million in costs compared with 2015. The 2016 cost reductions include a range of structural actions across all businesses and staff functions globally to operate more efficiently by further consolidating businesses and aligning staff functions more closely with the businesses.  The new plan builds on the company’s previous operational redesign initiative. The plan further simplifies the company’s structure into fewer, larger businesses with integrated functions, leading to sustainable cost reductions, faster decision making and closer connections to end markets.  […]