DuPont Chairman Outlines Earnings Growth Plan in Letter to Shareholders
Holliday outlined how the company plans to achieve higher profitability in2008 and beyond by making advances in agriculture, safety and protection,emerging markets and cost productivity.
"We are confident we can deliver attractive growth in earnings in 2008,and see even stronger growth in the years to follow -- continuing ourimprovement of the last three years," Holliday said.
"We recognize that these are challenging times, as the macroeconomic andglobal political environment creates concerns among investors about theoutlook for business profitability and growth for companies across theindustrial, consumer and service sectors," Holliday said. "While suchconcerns are real, the multi-year transformation of DuPont and our improvedperformance have put us in a better position to meet these challenges."
The full DuPont letter to shareholders is available at the following link:http://www2.dupont.com/Media_Center/en_US/assets/downloads/pdf/2008_shareholder_letter.pdf (Due to the length of this URL, please copy and paste into yourbrowswer)
DuPont is a science-based products and services company. Founded in 1802,DuPont puts science to work by creating sustainable solutions essential to abetter, safer, healthier life for people everywhere. Operating in more than 70countries, DuPont offers a wide range of innovative products and services formarkets including agriculture and food; building and construction;communications; and transportation.
Forward-Looking Statements: This news release contains forward-lookingstatements based on management's current expectations, estimates andprojections. All statements that address expectations or projections aboutthe future, including statements about the company's strategy for growth,product development, market position, expected expenditures and financialresults are forward-looking statements. Some of the forward-lookingstatements may be identified by words like "expects," "anticipates," "plans,""intends," "projects," "indicates," and similar expressions. These statementsare not guarantees of future performance and involve a number of risks,uncertainties and assumptions. Many factors, including those discussed morefully elsewhere in this release and in documents filed with the Securities andExchange Commission by DuPont, particularly its latest annual report on Form10-K and quarterly report on Form 10-Q, as well as others, could cause resultsto differ materially from those stated. These factors include, but are notlimited to changes in the laws, regulations, policies and economic conditions,including inflation, interest and foreign currency exchange rates, ofcountries in which the company does business; competitive pressures;successful integration of structural changes, including restructuring plans,acquisitions, divestitures and alliances; cost of raw materials, research anddevelopment of new products, including regulatory approval and marketacceptance; seasonality of sales of agricultural products; and severe weatherevents that cause business interruptions, including plant and power outages,or disruptions in supplier and customer operations.
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