DuPont reports record first quarter earnings

The Delaware-based chemical giant reported a 12 percent increase in sales for the first quarter of 2012 compared to last year.

DuPont’s record setting first quarter earnings per share of $1.61 demonstrates the company’s ability to weather changes in costs for raw materials and other fluctuations in the market, according to DuPont CEO Ellen Kullman. 

“Our company has chagned a lot in the last decade.  We are much less impacted by run ups in major commodity prices,” she said during an appearance this morning on CNBC via sattellite from WHYY’s Wilmington studio.  “Also the global nature of our business and the variety of the sectors we participate in [like] agriculture, automotive, industrial, food ingredients, things like that really help us balance the equation out and get great growth going forward.”

DuPont has reaffirmed its full-year earnings outlook of $4.20 to $4.40 per share, which would be a 7 to 12 percent growth compared to 2011.

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