du pont (e.i.) de nemours (DD) Key Developments
DuPont Appoints E Bryan Snell as President of Titanium Technologies Business for the Chemours Chemicals Unit
May 20 15
DuPont announced that it has appointed E Bryan Snell as president of the titanium technologies business for the Chemours chemicals unit, effective immediately. Snell was previously senior vice president of productivity and strategy.
DuPont Microcircuit Materials Introduces New Generation of PV Metallization Pastes
May 4 15
DuPont Microcircuit Materials has introduced DuPont Solamet PV19x photovoltaic metallization pastes as the newest family of advanced materials designed to help increase the power output of solar panels. Solamet PV19x pastes offer solar cell and panel manufacturers significant efficiency gains up to and exceeding 0.15% when compared to Solamet PV18x paste, the current industry benchmark. Increasing the efficiency of solar cells boosts the power output of solar panels, lowers overall system costs and helps improve the return on investment for solar energy systems. DuPont Solamet PV19A photovoltaic metallization paste, the first product in the PV19x series, is a front side silver paste based on proprietary Tellurium technology and tailored to optimize the efficiency with which solar cells convert sunlight into electricity. It enhances the power output of solar cells by enabling fine line printing down to 30 microns and demonstrating excellent paste transfer for improved line aspect ratios that minimizes the shading effect on the surface of the solar cells, while maintaining superior electrical conductivity. Solamet PV19x pastes offer wider processing latitude during manufacturing, which means cost savings result from higher yields, and tighter cell distribution is shifted toward higher efficiency. Improved frit technology enables extreme Lightly Doped Emitters (LDEs) because it improves contact resistance by 10 fold to further boost efficiency on monocrystalline and multicrystalline solar cells.
DuPont Signs Technology Cooperation Agreement with Neo Solar Power for High-Efficiency Solar Cell Technology
Apr 27 15
DuPont has signed a technology cooperation agreement with Neo Solar Power for high-efficiency solar cell technology. The purpose of the agreement is to develop high-efficiency solar cell technology using new DuPont Solamet PV19x series photovoltaic metallization paste in order to help NSP improve solar cell efficiency and panel power output.
E. I. du Pont de Nemours and Company Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Full Year of 2015
Apr 21 15
E. I. du Pont de Nemours and Company reported consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales were $9,172 million against $10,128 million a year ago. Income before income taxes was $1,601 million against $1,802 million a year ago. Net income attributable to DuPont was $1,031 million or $1.13 diluted per share against $1,439 million or $1.54 diluted per share a year ago. Operating earnings (non-GAAP) was $1,228 million or $1.34 diluted per share against $1,472 million or $1.58 diluted per share a year ago. Cash used for operating activities was $2,123 million against $2,421 million a year ago. Purchases of property, plant and equipment was $565 million against $320 million a year ago. Operating earnings before income taxes was $1,822 million against $1,848 million a year ago. Adjusted EBIT from operating earnings was $1,902 million against $1,945 million a year ago. Adjusted EBITDA from operating earnings were $2,348 million against $2,382 million a year ago.
The company now estimates an approximately $0.80 per share negative currency impact in 2015, up from the $0.60 per share the company estimated on January 23, 2015. The company also now anticipates that the operational redesign will deliver savings of approximately $0.40 per share in 2015. As a result, the company expects to be at the low end of its previously communicated outlook range of $4.00-$4.20 operating earnings per share for 2015, including the full year outlook for the Performance Chemicals segment. GAAP EPS was $3.44 to $3.64 per share.
DuPont Declares Second Quarter Dividends on Common Stock, Payable on June 12, 2015 and Preferred Stock Dividend, Payable on July 24, 2015
Apr 21 15
DuPont declared a second quarter common stock dividend of 49 cents per share payable June 12, 2015, to stockholders of record May 15, 2015. This represents a 4% increase over the 47
cents paid last quarter.
Regular quarterly dividends of $1.12-1/2 per share on the $4.50 series preferred stock and $0.87-1/2 cents per share on the $3.50 series preferred stock also were declared, both payable July 24, 2015 to stockholders of record July 10, 2015.