Farms.com Home   Ag Industry News

DuPont Switching Gears, Increasing Focus on Agriculture

By Amanda Brodhagen, Farms.com

DuPont’s agriculture unit continues to perform well, reporting a 7 percent gain in sales, according to its second-quarter earnings report.

While the company’s agriculture segment had a strong showing, DuPont said it is exploring spinning off its performance chemicals arm after a 12 percent decrease in profits. This move marks a shift away from DuPont’s traditional business model – performance chemicals towards a greater emphasis on supplying inputs for agriculture crops.

The company attributed its agriculture sales growth due to higher seed prices coupled with higher insecticide and fungicide volumes. “Agriculture sales remained strong in the second quarter and titanium dioxide volume improved. As expected, this was largely offset by a substantial decline in performance chemicals earnings from last year’s peak levels,” said Ellen Kullman, DuPont Chair and CEO.

Overall, the company reported second-quarter profit of $1.03-billion, or $1.11 per share.  DuPont said it expects full-year operating earnings to be about $3.85 per share.
 


Trending Video

Complete Guide to WELL WATER Testing!

Video: Complete Guide to WELL WATER Testing!

Are you clueless about where to get your water tested, how to perform the tests, or interpret the results? Don't sweat it! I'm here to simplify water filtration for you.

In this step-by-step guide, I will take you through the entire process of testing well water quality. From choosing the right test kit, identifying common mistakes during the sampling process, to analyzing the results, I've got you covered.

I'll be demonstrating the process using a test kit from https://mytapscore.com/. They offer a range of comprehensive tests and easy-to-follow instructions, making water testing a breeze!

You'll see me sample water right from my home, as I share tips and insights on how to get the most accurate results. Plus, I'll answer FAQs about water testing and talk about what a complete well water filtration system should consist of.

By the end of this video, you'll not only have a better understanding of water quality and the threats that could be lurking in your tap, but you'll also know how to tackle them.

Once you have your results, send them to us at info@waterestore.com with your water concerns, and we'll provide personalized recommendations for fixing your water.