NEW YORK (Commodity Online): America-based multi-segment major, DuPont (NYSE: DD) has set the target to generate about 10% of top-line compounded annual growth for the 2009 – 2012, with estimated full-year earnings of 20% per share for the period.
On the event of the company’s Investor Day, DuPont CEO Ellen Kullman and the company's leadership team detailed how DuPont expects to build on its core competitive advantage of market-driven scientific innovation and its strong position in targeted global growth markets to deliver 20 percent compound annual earnings growth for the 2009-2012 period.
Get Trading Tips just for one commodity"Our focus is on delivering superior growth for our shareholders through customer-driven and science-based solutions, carefully prioritized investments, industry-leading productivity, and strict accountability," Kullman said. "By acting on our commitments to shareholders over the past 12 months, DuPont is meeting the economic recovery as a stronger, faster and more agile global competitor. We are well-positioned to outperform the rate at which markets recover and improve."
Company stocks traded positive on the NYSE on Wednesday at USD 32.56 up by 0.03%. The stocks have appreciated so far during past three months from USD 32.08 in the early August this year to the current levels.
By executing on its priorities, DuPont expects to generate about 10 percent top-line compound annual growth for the 2009-2012 period. The company also plans to capture $1 billion in fixed cost productivity and $1 billion in working capital productivity gains during the 2010-2012 timeframe.
DuPont expects to deliver, on average, 20 percent earnings per share growth, from 2009 estimated full-year earnings on a year-over-year basis through 2012. The company said that it expects to grow earnings in 2010 -- despite anticipated declines in pharmaceutical royalties after patents expire in 2010 -- to a range of $2.10 to $2.40 per share. DuPont also reaffirmed its full year 2009 earnings outlook of $1.95 to $2.05 per share, excluding significant items which are estimated to be $0.15 per share for full-year 2009 or $1.80 to $1.90 per share on a reported basis.
The company plans to capitalize on global growth opportunities by sharply focusing its innovation pipelines on four megatrends to: meet the increasing demand for food productivity; protect people and the environment; decrease dependence on fossil fuels; and capitalize on the growth of emerging markets where about one-third of DuPont's sales are currently generated.
