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January 17, 2007
By: KERRY PIANOFORTE
Editor, Coatings World
DuPont updated its fourth quarter 2006 earnings outlook for significant items. The company previously announced that 2006 reported earnings were expected to be approximately $2.86 billion. The company said additional items will be included in its fourth quarter 2006 reported earnings, providing a net benefit of approximately $370 million to net income. Including these fourth quarter significant items, the company anticipates the 2006 net cash flow benefit will be approximately $25 million in the fourth quarter. “We are shifting capital and resources to our most attractive growth opportunities,” said Jeff Keefer, DuPont executive vice president and chief financial officer. “In addition to the recently announced divestitures in the Coatings & Color Technologies segment, several of these items are the result of executing our strategy to increase return on invested capital.”
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