Financial News

DuPont Q2 profit down

August 15, 2011

DuPont Performance Coatings’ income of $73 million in the second-quarter represented a slight decrease over the same prior year period as higher sales were offset by higher raw material, energy and freight costs. Sales of $1.1 billion in the performance coatings business unit were up 15 percent compared to the same period last year. The company noted 14 percent higher selling prices and a one percent increase in volume. Higher selling prices reflect pricing actions across all market segments to offset higher raw material costs along with a favorable currency impact. DuPont said strong demand continued in industrial coatings, particularly in North American heavy-duty truck markets.