Did you hear?... Dupont uses restructuring to get its head above water

Dupont suffered financially in 2001, and is using its restructuring of last year to get its head back above water.

Dupont suffered financially in 2001, and is using its restructuring of last year to get its head back above water. According to data released in late January, fourth quarter earnings excluding one-time items were $.12 per share, well below fourth quarter earnings 2000 of $.47 a share. Full year earnings per share were $1.19 in 2001 compared to $2.73 for 2000. "In 2001, we restructured to meet current and future challenges; we focused capital and research expenditures on growth; and we sold the Pharmaceuticals and selected Polyester businesses. These actions helped us come out of a difficult year with exceptional financial strength," said Charles O. Holliday Jr., DuPont chairman and chief executive officer. "Clearly more remains to be done for us to deliver competitively superior earnings performance – which we will do." For the quarter, consolidated sales totaled $5.2 billion compared to $6.3 billion in 2000. In the segment Specialty Fibers, sales were 10 percent lower reflecting a 6 percent volume reduction and 4 percent lower prices. In the Apparel & Textile Science businesses, nylon textile prices and volumes were down significantly, reflecting a global recession in the apparel industry. Sales and earnings from non-wovens increased, reflecting strong sales of protective apparel, medical fabrics, and construction products. For more, go to www.Dupont.com.


Did you hear?...It's getting a bit sporty between DuPont and Invista

On Nov. 11, 2008, DuPont issued a press release saying, "DuPont (NYSE: DD) today filed a lawsuit claiming INVISTA is infringing a DuPont patent and has misappropriated DuPont trade secrets and proprietary information relating to DuPont's nylon engineering resins business. The ...read more

Did you hear?... DuPont reports that sales and earnings have declined

DuPont reports that sales and earnings have declined in the 1st quarter, with sales dipping 10 percent to $6.14 billion and net income declining 3.2 percent to $479 million. The company pointed to a continuing weakness in the U.S. textile market as the reason for significant ...read more

Fitness: Did You Hear?...

>> The industry (and the country as a whole) recognizes that kids aren't as fit and aren't as active as they once were or need to be. So when the 13-year-old son of Nautilus Group President Kevin Lamar (and his friends) wanted to start working out, Lamar discovered some ...read more

Fitness: Did you hear?...

>> Physi-Cal, the maker of the Mio heart-rate monitor and so-called "lifestyle watches," has hired Mardy Grossman for its newly created position of vice president of sales. Grossman has held executive positions with Kraft and Norske. At Mio she will direct continued sales growth. ...read more

Fitness: Did you hear?...

>> GERMANY -- Amer Group CEO Roger Talermo told the German financial paper Handelsblatt that the company is looking toward additional acquisitions. "An acquisition worth about Euro 300 million wouldn't be any problem for us," he told the paper. (In today's money, that would be ...read more

Fitness: Did you hear?...

>> Horizon Fitness has announced that Robert Brooks Associates, a rep firm for sporting goods manufacturers, has signed on to represent Horizon's products. Robert Brooks Associates also reps for Knight Golf, Ebonite Bowling Equipment, Bell Sports, and Roller Derby Skates. The ...read more

Fitness: Did you hear?...

>> Fattest cities unite! Southern belt wins in the need to loosen belts. The federal Centers for Disease Control and Prevention in Atlanta, Ga., recently released its list of the five fattest major cities in America. According to the CDC, you may be in the blubber belt if you ...read more

Did you hear?... Spyder announces European promotions and restructuring of overseas offices

Skiwear company Spyder Active Sports Inc. has announced European promotions and a restructuring of overseas offices. Cees DeWitte, formerly vice president of Spyder-Europe, has been promoted to general manager of Spyder-Europe. Additionally, Spyder has consolidated its customer ...read more

Did you hear?... DuPont forms a new wholly-owned subsidiary

Dupont has announced it is splitting its company into two with the formation of Dupont Textiles & Interiors, a new wholly-owned subsidiary. It will be the largest integrated textile fiber and interiors company in the world, with approximate annual revenue of $6.5 billion and ...read more