DuPont 2nd Qtr 2008 Earnings Beats The Street

Agriculture Leads DuPont to Solid Second Quarter Growth
Company Increases Lower End of 2008 Earnings Outlook Range

Highlights
• Second quarter 2008 earnings per share grew 13 percent to $1.18, up from $1.04 in the second
quarter of 2007. Earnings benefited $.07 per share from a litigation settlement and a lower
base tax rate.
• Sales increased 12 percent to $8.8 billion, reflecting 7 percent higher local selling prices,
5 percent currency benefit, 1 percent higher volumes and a 1 percent reduction from portfolio
changes. Sales outside the United States grew 18 percent, while sales in the United States grew
5 percent despite weakness in housing and automotive markets.
• Local selling prices increased 7 percent, partially offsetting a 15 percent increase in energy,
raw materials and freight costs in the second quarter.
• Agriculture & Nutrition sales grew 23 percent, reflecting strong global demand for the
company’s corn, soybean and crop protection products.
• Fixed costs as a percentage of sales improved 200 basis points from the prior-year quarter,
reflecting the company’s continued cost productivity improvement programs.
• DuPont increased the lower end of its full year 2008 earnings outlook, narrowing the range to
$3.45 to $3.55 per share.