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Chemical Week Magazine :: Top of the Week
DuPont profits fall sharply; industrial gas results mixed
5:42 AM MST | January 25, 2013 | —CW Staff
Kullman: Volume gains driven by agriculture. The cyclical downturn in titanium dioxide (TiO2) continued to drag on DuPont’s profits, which tumbled 70% in the fourth quarter and erased gains from DuPont’s agricultural segment. However, fourth-quarter earnings and the midpoint of DuPont’s 2013 guidance topped analysts’ expectations. Industrial gas firms Praxair, Air Products, and Airgas, which also reported quarterly results last week, noted an uncertain economic environment. DuPont reports net income of $111 million compared with $373...
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