DuPont's agriculture segment sales down 10% in Q1 2015

Date:04-24-2015

Sales of DuPont’s agriculture segment, including crop protection and seed business, decreased by 10.4% to $3,937 million in the first quarter ended March 31, 2015.

Operating earnings decreased by 18.5% to $1,174 million, as improved product mix in Pioneer, pricing actions taken in parts of Europe and Asia and productivity improvements were more than offset by the negative impact of currency, decreased volumes from expected reduction in global corn planted area, lower insecticide demand in Latin America and timing of seed shipments.

DuPont's agriculture segment sales results ($ million)
Q1 Ended March 31	Q1 2014	Q1 2015	Change %
Sales	4,394	3,937	-10.4
PTOI*	1,442	1,174	-18.5
* pre-tax operating income excluding significant items