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April 24, 2007                                                Contact:    Anthony Farina
WILMINGTON, Del.                                                          302-774-4005
                                                                          anthony.r.farina@usa.dupont.com

                        DuPont Reports 15% Earnings Growth in First Quarter 2007;
                                       Reaffirms Full Year Outlook

Highlights

•    First quarter 2007 earnings per share grew 15 percent to $1.01 from $0.88 in the first quarter of
     2006.

•    Excluding significant items, earnings per share increased 15 percent to $1.07 from $0.93.

•    Sales grew 6 percent reflecting 2 percent volume growth, 2 percent higher local currency selling
     prices and a 2 percent currency benefit.

•    Strong seed sales and growth outside the United States more than offset lower volumes in the
     U.S. housing and automotive markets.

•    Fixed costs as a percentage of sales improved 190 basis points from the prior-year quarter.

•    Segment pre-tax operating margin, excluding significant items, improved 120 basis points
     versus first quarter 2006.

•    DuPont reaffirmed its full year 2007 earnings outlook of about $3.15 per share, excluding
     significant items.

                    “We’re off to a solid start in 2007,” said DuPont Chairman and Chief Executive Officer
Charles O. Holliday, Jr. “We continue to improve operating margin and return on capital as we deliver on
our growth strategies and productivity initiatives. Our results highlight the benefits of our global presence
and diversified businesses.”


Global Consolidated Net Income and Sales
                    Net income for the first quarter of 2007 was $945 million, or $1.01 per share
including a net charge of $0.06 per share to increase an existing litigation reserve. First quarter 2006
net income was $817 million, or $0.88 per share including a net charge of $0.05 per share for
significant items. The increase in first quarter net income reflected 6 percent revenue growth driven by
significantly higher seed sales, increased pharmaceuticals income, fixed cost productivity gains and a
favorable currency impact. See Schedule D for a summary of first quarter 2007 earnings and
comparisons to prior year.


E. I. du Pont de Nemours and Company
2
                    Consolidated net sales increased $451 million, or 6 percent, to $7.8 billion in the first
 quarter, reflecting 2 percent higher local prices, a 2 percent increase in volume, and a 2 percent
 currency benefit. A summary of first quarter 2007 worldwide regional sales performance is shown in
 the table below.
                                                                               Percentage Change Due to:
                                        Three Months Ended                Local
                                           March 31, 2007                Currency       Currency
                                         $           % Change             Price           Effect       Volume
(Dollars in billions)

U.S.                                  $3.3                    2              3                -                 (1)
Europe                                 2.5                   11              1                7                  3
Asia Pacific                           1.1                    4              2                -                  2
Canada & Latin America                 0.9                   11              2                1                  8

Total Consolidated Sales              $7.8                   6               2                2                 2

                    Worldwide sales volume grew 2 percent reflecting significantly higher sales of seed
 products and volume growth outside the United States, partly offset by lower sales into the U.S.
 residential construction and OEM motor vehicle markets.

 Earnings Per Share
                    The table below shows the variances in first quarter 2007 earnings per share (EPS) versus
 first quarter 2006:

                                                  EPS ANALYSIS
                                                                                     EPS
                          1st Quarter 2006                                           $ .88
                          1Q'06 Significant items (see Schedule B)                     .05
                            Local prices                                                .12
                            Variable costs                                            (.13)
                            Volume                                                      .03
                            Fixed costs*                                               .02
                            Pharmaceuticals                                            .04
                            Currency                                                    .06
                            Tax Rate                                                  (.02)
                            Other                                                      .02
                          1Q'07 Significant item (see Schedule B)                    (.06)
                          1st Quarter 2007                                            $1.01
                          * Excluding volume and currency impact
3
Business Segment Performance
                    Segment pre-tax operating income (PTOI) for first quarter of 2007 increased 20
percent to $1.6 billion from $1.3 billion in the first quarter of 2006. Excluding significant items in
both years, segment PTOI rose 13 percent to $1.6 billion in the quarter from $1.4 billion in the prior-
year quarter. Segment PTOI, sales and related variances versus first quarter of 2006 are shown in the
following tables:
                                                                       Three Months Ended March 31
PRE-TAX OPERATING INCOME                                                                         % Change
                                                            2007                2006              vs. 2006
(Dollars in millions)
Agriculture & Nutrition                                         $651               $597                     9
Coatings & Color Technologies*                                   194                 21                   824
Electronic & Communication                                       124                160                  (23)
Technologies
Performance Materials*                                           150                155                   (3)
Pharmaceuticals                                                  225                169                   33
Safety & Protection                                              291                268                     9
Other                                                           (56)               (56)                     -
    Total                                                   $1,579               $1,314                   20

*    See Schedule B for detail of significant items.


                                                                              Percentage
                                          Three Months Ended               Change Due to:
SEGMENT SALES*                              March 31, 2007                USD
                                            $      % Change               Price       Volume
(Dollars in billions)

Agriculture & Nutrition                    2.5          13                  8             5
Coatings & Color Technologies              1.6           5                  3             2
Electronic & Communication
  Technologies                             0.9              4               1              3
Performance Materials                      1.6              3               6             (3)
Safety & Protection                        1.4              1               3             (2)

*    Segment sales include intersegment transfers.



Agriculture & Nutrition
   • PTOI increased 9 percent to $651 million from $597 million due to strong seed sales partially
       offset by higher production costs. The first quarter of 2006 included a $28 million gain on the sale
       of a technology license. Excluding this gain, PTOI grew 14 percent.

     •      Sales grew 13 percent to $2.5 billion primarily due to a strong Pioneer seed business. Volumes
            grew 5 percent and USD selling prices increased 8 percent. Significant global gains in seed corn
            and cereals herbicides more than offset the impact of lower demand for cotton and soybean
            products in North America.
4




Coatings & Color Technologies
   • PTOI was $194 million versus $21 million in the prior year which included a $135 million
       restructuring charge. Excluding the prior year restructuring charge, PTOI grew 24 percent as
       increased volume and cost productivity gains offset higher ingredient costs. PTOI in 2007 also
       included $16 million of hurricane-related insurance recoveries.

    •   First quarter 2007 sales of $1.6 billion grew 5 percent reflecting 3 percent higher USD selling
        prices and 2 percent volume gains. Higher volume reflects post-hurricane share recovery in
        titanium dioxide and increased sales of refinish paint in Europe, net of lower volumes in
        automotive OEM and from divested businesses.

Electronic & Communication Technologies
    • PTOI declined to $124 million in the first quarter from $160 million in the prior year as
       improvements in packaging graphics and inks did not offset lower refrigerants pricing and lower
       sales in certain electronic materials markets.

    •   Sales grew 4 percent to $920 million as volume growth in fluoroproducts and imaging were
        partially offset by lower refrigerant product pricing and softness in certain cell phone supply
        chains.

Performance Materials
   • PTOI was $150 million in the quarter, including a net $52 million charge related to existing
       litigation. Excluding this charge, PTOI increased 30 percent to $202 million from $155 million in
       the prior year, reflecting improvement in all businesses. Packaging and industrial polymers
       produced particularly strong results.

    •   Sales increased 3 percent to $1.6 billion reflecting price gains and favorable currency, partially
        offset by lower volume. Volume gains in Europe were offset by lower demand in Asia Pacific
        and North America.

Safety & Protection
    • PTOI increased 9 percent to $291 million from $268 million in last year’s first quarter as strong
       earnings growth in aramid products and cost productivity gains were partially offset by lower
       volumes in U.S. housing.

    •   First quarter 2007 sales of $1.4 billion were up 1 percent versus 2006 reflecting a 3 percent
        increase in USD selling prices partially offset by 2 percent lower volumes, largely from decreased
        sales in U.S. housing.

Additional information on segment performance is available on the DuPont Investor Center website at
www.dupont.com.
5
Outlook
                  DuPont reaffirms its outlook for 2007 full-year earnings per share of about $3.15,
excluding a $0.06 per share charge for significant items. The company continues to expect modest
volume gains as growth outside the United States and strong agricultural seed markets outweigh lower
demand from the U.S. housing and automotive markets. The company’s outlook for the remainder of
2007 assumes that energy and ingredient costs will continue to be about equal to 2006.
                  “We’re right on track. We are well positioned in global industrial and agricultural
markets and have an exciting pipeline of new products that customers value,” Holliday said. “We remain
intensely focused on accelerating returns on our innovation and increasing cost and capital productivity.”


Use of Non-GAAP Measures
                  Management believes that measures of income excluding significant items (quot;non-GAAPquot;
information) are meaningful to investors because they provide insight with respect to ongoing operating
results of the company. Such measurements are not recognized in accordance with generally accepted
accounting principles (GAAP) and should not be viewed as an alternative to GAAP measures of
performance. Reconciliations of non-GAAP measures to GAAP are provided in Schedule E.
                  DuPont is a science-based products and services company. Founded in 1802, DuPont puts
science to work by creating sustainable solutions essential to a better, safer, healthier life for people
everywhere. Operating in more than 70 countries, DuPont offers a wide range of innovative products and
services for markets including agriculture and food; building and construction; communications; and
transportation.

Forward-Looking Statements: This news release contains forward-looking statements based on
management's current expectations, estimates and projections. All statements that address expectations or
projections about the future, including statements about the company's strategy for growth, product
development, market position, expected expenditures and financial results are forward-looking
statements. Some of the forward-looking statements may be identified by words like quot;expects,quot;
quot;anticipates,quot; quot;plans,quot; quot;intends,quot; quot;projects,quot; quot;indicates,quot; and similar expressions. These statements are
not guarantees of future performance and involve a number of risks, uncertainties and assumptions.
Many factors, including those discussed more fully elsewhere in this release and in documents filed with
the Securities and Exchange Commission by DuPont, particularly its latest annual report on Form 10-K
and quarterly report on Form 10-Q, as well as others, could cause results to differ materially from those
stated. These factors include, but are not limited to changes in the laws, regulations, policies and
economic conditions, including inflation, interest and foreign currency exchange rates, of countries in
which the company does business; competitive pressures; successful integration of structural changes,
including restructuring plans, acquisitions, divestitures and alliances; cost of raw materials, research and
development of new products, including regulatory approval and market acceptance; seasonality of sales
of agricultural products; and severe weather events that cause business interruptions, including plant and
power outages, or disruptions in supplier and customer operations.

                                                    ###
4/24/07
6

                                                   E. I. du Pont de Nemours and Company
                                                       Consolidated Income Statements
                                                (Dollars in millions, except per share amounts )


SCHEDULE A
                                                                                                           Three Months Ended
                                                                                                                March 31,
                                                                                                         2007              2006
Net sales                                                                                          $         7,845    $         7,394
                    (c)
Other income, net                                                                                               316               270
Total                                                                                                        8,161              7,664

Cost of goods sold and other operating charges (a), (b)                                                      5,546              5,337
Selling, general and administrative expenses                                                                   838                791
Amortization of intangible assets                                                                               56                 59
Research and development expense                                                                               310                313
Interest expense                                                                                                99                114
Total                                                                                                        6,849              6,614

Income before income taxes and minority interests                                                            1,312              1,050
                            (c)
Provision for income taxes                                                                                      365               231
Minority interests in earnings of consolidated subsidiaries                                                       2                 2
Net income                                                                                         $            945   $           817
Basic earnings per share of common stock                                                           $          1.02    $          0.88

Diluted earnings per share of common stock                                                         $          1.01    $          0.88

Dividends per share of common stock                                                                $          0.37    $          0.37

Average number of shares outstanding used in earnings per share (EPS) calculation:
 Basic                                                                                                 924,020,389        921,213,271
 Diluted                                                                                               933,267,492        929,800,408


(a), (b), (c) See Notes to Schedules of Significant Items for additional information
7

                                         E. I. du Pont de Nemours and Company
                                               Schedules of Significant Items
                                      (Dollars in millions, except per share amounts )

SCHEDULE B
SIGNIFICANT ITEMS
                                                      Pre-tax                      After-tax                 ($ Per Share)
                                               2007             2006           2007         2006          2007          2006
1st Quarter
Litigation related item (a)                $     (52)                      $     (52)                 $    (0.06)
                        (b)                                 $    (135)                   $     (98)                  $   (0.10)
Restructuring charges
                              (c)                                      7                        48                        0.05
Corporate tax-related item

                                           $     (52)       $ (128)        $     (52)     $    (50)   $    (0.06)    $   (0.05)




SIGNIFICANT ITEMS BY SEGMENT
                                                                           Three Months Ended
                                                                                March 31,
                                                                             2007        2006
Agriculture & Nutrition                                                    $      -    $      -
Coatings & Color Technologies (b)                                                   -         (135)
Electronic & Communication Technologies                                             -            -
Performance Materials (a)                                                        (52)          -
Safety & Protection                                                                -           -
Textiles & Interiors                                                               -           -
Other                                                                              -           -
Total (excluding Corporate)                                                $     (52)     $ (135)
8

                                        E. I. du Pont de Nemours and Company
                                         Notes to Schedules of Significant Items
                                     (Dollars in millions, except per share amounts )



(a)   First quarter 2007 includes a net $52 charge in Cost of goods sold and other operating charges for existing
      litigation in the Performance Materials segment in connection with the elastomers antitrust matter.


(b)   First quarter 2006 includes a restructuring charge of $135 in the Coatings & Color Technologies segment in
      connection with the company's plans to close and consolidate certain manufacturing and laboratory sites. Cost of
      goods sold and other operating charges includes employee separation charges, primarily in Europe and the U.S.,
      for approximately 1,300 employees and other exit costs.


(c)   First quarter 2006 includes a reversal of accrued interest of $7 ($4 after-tax) in Other income, net and the
      reversal of $44 of income taxes associated with favorable settlement of certain prior-year tax contingencies
      which had been previously reserved.
9

                                          E. I. du Pont de Nemours and Company
                                            Consolidated Segment Information
                                                    (Dollars in millions )

SCHEDULE C
                                                                                      Three Months Ended
                                                                                           March 31,
SEGMENT SALES (1)                                                                                   2006 (2)
                                                                                       2007
Agriculture & Nutrition                                                               $ 2,450      $ 2,174
Coatings & Color Technologies                                                           1,559        1,478
Electronic & Communication Technologies                                                   920          885
Performance Materials                                                                   1,589        1,541
Safety & Protection                                                                     1,370        1,360
Other                                                                                      43           46
Total Segment sales                                                                   $ 7,931      $ 7,484

Elimination of intersegment transfers                                                     (86)         (90)
Consolidated net sales                                                                $ 7,845      $ 7,394


                                                                                      Three Months Ended
                                                                                           March 31,
PRETAX OPERATING INCOME/(LOSS) (PTOI) (3)                                                              2006 (2)
                                                                                          2007

Agriculture & Nutrition                                                               $   651      $   597
Coatings & Color Technologies                                                             194           21
Electronic & Communication Technologies                                                   124          160
Performance Materials                                                                     150          155
Pharmaceuticals                                                                           225          169
Safety & Protection                                                                       291          268
Other                                                                                     (56)         (56)
Total Segment PTOI                                                                    $ 1,579      $ 1,314

Exchange gains and losses (4)                                                               (28)          (18)
Corporate expenses & net interest                                                          (239)         (246)

Income before income taxes and
  minority interests                                                                  $ 1,312      $ 1,050

(1) Sales for the reporting segments include intersegment transfers.
(2) Certain reclassifications of 2006 segment data have been made to reflect changes in organizational
    structure for 2007.
(3) Refer to the Notes to Schedules of Significant Items for additional information.
(4) Net after-tax exchange activity for first quarter 2007 and 2006 was a loss of $18 and a loss of
    $22, respectively. Gains and losses resulting from the company's hedging program are largely
    offset by associated tax effects.
10

                                                E. I. du Pont de Nemours and Company
                                                   Summary of Earnings Comparisons
                                             (Dollars in millions, except per share amounts )


SCHEDULE D




                                                                                           Three Months Ended
                                                                                                March 31,
                                                                                                                  % Change
                                                                                 2007               2006

Segment PTOI                                                               $         1,579      $         1,314       20%
Significant Items charge included in first
  quarter PTOI (per Schedule B)                                                          52                135
Segment PTOI excluding Significant Items                                   $         1,631      $         1,449       13%



Net Income                                                                 $            945     $          817        16%
Significant Items charge included in first
  quarter Net Income (per Schedule B)                                                    52                 50
Net Income excluding Significant Items                                     $            997     $          867        15%



EPS                                                                        $          1.01      $          0.88       15%
Significant Items charge included in first
  quarter EPS (per Schedule B)                                                          0.06               0.05
EPS excluding Significant Items                                            $            1.07    $          0.93       15%


Average number of diluted shares outstanding                                   933,267,492          929,800,408       0.4%
11

                                                  E. I. du Pont de Nemours and Company
                                                  Reconciliation of Non-GAAP Measures
                                               (Dollars in millions, except per share amounts )


SCHEDULE E

Reconciliations of Adjusted EBIT / Adjusted EBITDA to Consolidated Income Statement
                                                                                                 Three Months Ended
                                                                                                      March 31,
                                                                                                 2007          2006

Income before income taxes and minority interests                                            $    1,312     $   1,050
Less: Minority interest in earnings of
                             (1)
  consolidated subsidiaries                                                                          (4)            (2)
Add: Net interest expense (2)                                                                        87            95
Adjusted EBIT                                                                                     1,395         1,143
                                     (3)
Add: Depreciation and amortization                                                                  337           337
Adjusted EBITDA                                                                              $    1,732     $   1,480

(1) Excludes income taxes.
(2) Includes interest expense plus amortization of capitalized interest less interest income.
(3) Excludes amortization of capitalized interest.



Calculation of Segment PTOI as a Percent of Segment Sales
                                                                                         Three Months Ended
                                                                                2007            2006       % Change

Segment PTOI excluding Significant Items                                    $    1,631       $    1,449           13%
Segment sales                                                               $    7,931       $    7,484            6%

Segment PTOI as a percent of segment sales                                      20.56%           19.36%



Reconciliations of Fixed Costs as a Percent of Sales
                                                                                                 Three Months Ended
                                                                                                      March 31,
                                                                                                 2007          2006

Total charges and expenses - consolidated                                                    $    6,849     $   6,614
Income Statements
Remove:
  Interest expense                                                                                  (99)         (114)
 Variable costs (1)                                                                              (3,743)        (3,437)
  Significant Items - charge (2)                                                                    (52)         (135)
    Fixed costs                                                                              $    2,955     $   2,928
Consolidated net sales                                                                       $    7,845     $   7,394
Fixed costs as a percent of sales                                                                 37.7%         39.6%

(1) Includes variable manufacturing costs, freight, commissions and other selling expenses which vary
    with the volume of sales.
(2) See Schedule B for detail of Significant Items.
12

                                                E. I. du Pont de Nemours and Company
                                                Reconciliation of Non-GAAP Measures
                                             (Dollars in millions, except per share amounts )




SCHEDULE E (continued)

Reconciliation of Earnings Per Share (EPS) Outlook

                                                                                            Year Ended
                                                                                           December 31,
                                                                                        2007         2006
                                                                                       Outlook       Actual

Earnings per share - excluding Significant Items                                      $     3.15     $     2.88
Significant Items included in EPS:
   Litigation related charges - Performance Materials                                      (0.06)                -
   Restructuring charges -
      Agriculture & Nutrition                                                                    -        (0.13)
      Coatings & Color Technologies                                                              -        (0.10)
   American Jobs Creation Act                                                                    -         0.02
   Hurricane related items                                                                       -         0.10
   Asbestos insurance recovery                                                                   -         0.04
   Asset impairment - Safety & Protection                                                        -        (0.03)
   Sales terms and expense accrual
      changes                                                                                  -          (0.04)
   Corporate tax-related items                                                                 -           0.64
Net (charge)/benefit for Significant Items                                                 (0.06)          0.50
Reported EPS                                                                          $     3.09     $     3.38




Reconciliation of Base Income Tax Rate to Effective Income Tax Rate

                                                                                          Three Months Ended
                                                                                               March 31,
                                                                                          2007           2006

Income before income taxes and minority interests                                     $    1,312     $    1,050
Add: Significant Items - charge                                                               52            128
      Net exchange losses                                                                     28             18
Income before income taxes, Significant Items,
exchange gains/losses and minority
  interests                                                                           $    1,392     $    1,196

Provision for income taxes                                                            $     365      $     231
Add: Tax benefit on Significant Items                                                         -             78
      Tax benefit/(expense) on exchange
        gains/losses                                                                            10              (4)
Provision for income taxes, excluding
  taxes on Significant Items and exchange gains                                       $     375      $     305

Effective income tax rate                                                                  27.8%          22.0%
Base income tax rate                                                                       26.9%          25.5%

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dupont Earnings Release2007 1st

  • 1. April 24, 2007 Contact: Anthony Farina WILMINGTON, Del. 302-774-4005 anthony.r.farina@usa.dupont.com DuPont Reports 15% Earnings Growth in First Quarter 2007; Reaffirms Full Year Outlook Highlights • First quarter 2007 earnings per share grew 15 percent to $1.01 from $0.88 in the first quarter of 2006. • Excluding significant items, earnings per share increased 15 percent to $1.07 from $0.93. • Sales grew 6 percent reflecting 2 percent volume growth, 2 percent higher local currency selling prices and a 2 percent currency benefit. • Strong seed sales and growth outside the United States more than offset lower volumes in the U.S. housing and automotive markets. • Fixed costs as a percentage of sales improved 190 basis points from the prior-year quarter. • Segment pre-tax operating margin, excluding significant items, improved 120 basis points versus first quarter 2006. • DuPont reaffirmed its full year 2007 earnings outlook of about $3.15 per share, excluding significant items. “We’re off to a solid start in 2007,” said DuPont Chairman and Chief Executive Officer Charles O. Holliday, Jr. “We continue to improve operating margin and return on capital as we deliver on our growth strategies and productivity initiatives. Our results highlight the benefits of our global presence and diversified businesses.” Global Consolidated Net Income and Sales Net income for the first quarter of 2007 was $945 million, or $1.01 per share including a net charge of $0.06 per share to increase an existing litigation reserve. First quarter 2006 net income was $817 million, or $0.88 per share including a net charge of $0.05 per share for significant items. The increase in first quarter net income reflected 6 percent revenue growth driven by significantly higher seed sales, increased pharmaceuticals income, fixed cost productivity gains and a favorable currency impact. See Schedule D for a summary of first quarter 2007 earnings and comparisons to prior year. E. I. du Pont de Nemours and Company
  • 2. 2 Consolidated net sales increased $451 million, or 6 percent, to $7.8 billion in the first quarter, reflecting 2 percent higher local prices, a 2 percent increase in volume, and a 2 percent currency benefit. A summary of first quarter 2007 worldwide regional sales performance is shown in the table below. Percentage Change Due to: Three Months Ended Local March 31, 2007 Currency Currency $ % Change Price Effect Volume (Dollars in billions) U.S. $3.3 2 3 - (1) Europe 2.5 11 1 7 3 Asia Pacific 1.1 4 2 - 2 Canada & Latin America 0.9 11 2 1 8 Total Consolidated Sales $7.8 6 2 2 2 Worldwide sales volume grew 2 percent reflecting significantly higher sales of seed products and volume growth outside the United States, partly offset by lower sales into the U.S. residential construction and OEM motor vehicle markets. Earnings Per Share The table below shows the variances in first quarter 2007 earnings per share (EPS) versus first quarter 2006: EPS ANALYSIS EPS 1st Quarter 2006 $ .88 1Q'06 Significant items (see Schedule B) .05 Local prices .12 Variable costs (.13) Volume .03 Fixed costs* .02 Pharmaceuticals .04 Currency .06 Tax Rate (.02) Other .02 1Q'07 Significant item (see Schedule B) (.06) 1st Quarter 2007 $1.01 * Excluding volume and currency impact
  • 3. 3 Business Segment Performance Segment pre-tax operating income (PTOI) for first quarter of 2007 increased 20 percent to $1.6 billion from $1.3 billion in the first quarter of 2006. Excluding significant items in both years, segment PTOI rose 13 percent to $1.6 billion in the quarter from $1.4 billion in the prior- year quarter. Segment PTOI, sales and related variances versus first quarter of 2006 are shown in the following tables: Three Months Ended March 31 PRE-TAX OPERATING INCOME % Change 2007 2006 vs. 2006 (Dollars in millions) Agriculture & Nutrition $651 $597 9 Coatings & Color Technologies* 194 21 824 Electronic & Communication 124 160 (23) Technologies Performance Materials* 150 155 (3) Pharmaceuticals 225 169 33 Safety & Protection 291 268 9 Other (56) (56) - Total $1,579 $1,314 20 * See Schedule B for detail of significant items. Percentage Three Months Ended Change Due to: SEGMENT SALES* March 31, 2007 USD $ % Change Price Volume (Dollars in billions) Agriculture & Nutrition 2.5 13 8 5 Coatings & Color Technologies 1.6 5 3 2 Electronic & Communication Technologies 0.9 4 1 3 Performance Materials 1.6 3 6 (3) Safety & Protection 1.4 1 3 (2) * Segment sales include intersegment transfers. Agriculture & Nutrition • PTOI increased 9 percent to $651 million from $597 million due to strong seed sales partially offset by higher production costs. The first quarter of 2006 included a $28 million gain on the sale of a technology license. Excluding this gain, PTOI grew 14 percent. • Sales grew 13 percent to $2.5 billion primarily due to a strong Pioneer seed business. Volumes grew 5 percent and USD selling prices increased 8 percent. Significant global gains in seed corn and cereals herbicides more than offset the impact of lower demand for cotton and soybean products in North America.
  • 4. 4 Coatings & Color Technologies • PTOI was $194 million versus $21 million in the prior year which included a $135 million restructuring charge. Excluding the prior year restructuring charge, PTOI grew 24 percent as increased volume and cost productivity gains offset higher ingredient costs. PTOI in 2007 also included $16 million of hurricane-related insurance recoveries. • First quarter 2007 sales of $1.6 billion grew 5 percent reflecting 3 percent higher USD selling prices and 2 percent volume gains. Higher volume reflects post-hurricane share recovery in titanium dioxide and increased sales of refinish paint in Europe, net of lower volumes in automotive OEM and from divested businesses. Electronic & Communication Technologies • PTOI declined to $124 million in the first quarter from $160 million in the prior year as improvements in packaging graphics and inks did not offset lower refrigerants pricing and lower sales in certain electronic materials markets. • Sales grew 4 percent to $920 million as volume growth in fluoroproducts and imaging were partially offset by lower refrigerant product pricing and softness in certain cell phone supply chains. Performance Materials • PTOI was $150 million in the quarter, including a net $52 million charge related to existing litigation. Excluding this charge, PTOI increased 30 percent to $202 million from $155 million in the prior year, reflecting improvement in all businesses. Packaging and industrial polymers produced particularly strong results. • Sales increased 3 percent to $1.6 billion reflecting price gains and favorable currency, partially offset by lower volume. Volume gains in Europe were offset by lower demand in Asia Pacific and North America. Safety & Protection • PTOI increased 9 percent to $291 million from $268 million in last year’s first quarter as strong earnings growth in aramid products and cost productivity gains were partially offset by lower volumes in U.S. housing. • First quarter 2007 sales of $1.4 billion were up 1 percent versus 2006 reflecting a 3 percent increase in USD selling prices partially offset by 2 percent lower volumes, largely from decreased sales in U.S. housing. Additional information on segment performance is available on the DuPont Investor Center website at www.dupont.com.
  • 5. 5 Outlook DuPont reaffirms its outlook for 2007 full-year earnings per share of about $3.15, excluding a $0.06 per share charge for significant items. The company continues to expect modest volume gains as growth outside the United States and strong agricultural seed markets outweigh lower demand from the U.S. housing and automotive markets. The company’s outlook for the remainder of 2007 assumes that energy and ingredient costs will continue to be about equal to 2006. “We’re right on track. We are well positioned in global industrial and agricultural markets and have an exciting pipeline of new products that customers value,” Holliday said. “We remain intensely focused on accelerating returns on our innovation and increasing cost and capital productivity.” Use of Non-GAAP Measures Management believes that measures of income excluding significant items (quot;non-GAAPquot; information) are meaningful to investors because they provide insight with respect to ongoing operating results of the company. Such measurements are not recognized in accordance with generally accepted accounting principles (GAAP) and should not be viewed as an alternative to GAAP measures of performance. Reconciliations of non-GAAP measures to GAAP are provided in Schedule E. DuPont is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation. Forward-Looking Statements: This news release contains forward-looking statements based on management's current expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the company's strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like quot;expects,quot; quot;anticipates,quot; quot;plans,quot; quot;intends,quot; quot;projects,quot; quot;indicates,quot; and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in documents filed with the Securities and Exchange Commission by DuPont, particularly its latest annual report on Form 10-K and quarterly report on Form 10-Q, as well as others, could cause results to differ materially from those stated. These factors include, but are not limited to changes in the laws, regulations, policies and economic conditions, including inflation, interest and foreign currency exchange rates, of countries in which the company does business; competitive pressures; successful integration of structural changes, including restructuring plans, acquisitions, divestitures and alliances; cost of raw materials, research and development of new products, including regulatory approval and market acceptance; seasonality of sales of agricultural products; and severe weather events that cause business interruptions, including plant and power outages, or disruptions in supplier and customer operations. ### 4/24/07
  • 6. 6 E. I. du Pont de Nemours and Company Consolidated Income Statements (Dollars in millions, except per share amounts ) SCHEDULE A Three Months Ended March 31, 2007 2006 Net sales $ 7,845 $ 7,394 (c) Other income, net 316 270 Total 8,161 7,664 Cost of goods sold and other operating charges (a), (b) 5,546 5,337 Selling, general and administrative expenses 838 791 Amortization of intangible assets 56 59 Research and development expense 310 313 Interest expense 99 114 Total 6,849 6,614 Income before income taxes and minority interests 1,312 1,050 (c) Provision for income taxes 365 231 Minority interests in earnings of consolidated subsidiaries 2 2 Net income $ 945 $ 817 Basic earnings per share of common stock $ 1.02 $ 0.88 Diluted earnings per share of common stock $ 1.01 $ 0.88 Dividends per share of common stock $ 0.37 $ 0.37 Average number of shares outstanding used in earnings per share (EPS) calculation: Basic 924,020,389 921,213,271 Diluted 933,267,492 929,800,408 (a), (b), (c) See Notes to Schedules of Significant Items for additional information
  • 7. 7 E. I. du Pont de Nemours and Company Schedules of Significant Items (Dollars in millions, except per share amounts ) SCHEDULE B SIGNIFICANT ITEMS Pre-tax After-tax ($ Per Share) 2007 2006 2007 2006 2007 2006 1st Quarter Litigation related item (a) $ (52) $ (52) $ (0.06) (b) $ (135) $ (98) $ (0.10) Restructuring charges (c) 7 48 0.05 Corporate tax-related item $ (52) $ (128) $ (52) $ (50) $ (0.06) $ (0.05) SIGNIFICANT ITEMS BY SEGMENT Three Months Ended March 31, 2007 2006 Agriculture & Nutrition $ - $ - Coatings & Color Technologies (b) - (135) Electronic & Communication Technologies - - Performance Materials (a) (52) - Safety & Protection - - Textiles & Interiors - - Other - - Total (excluding Corporate) $ (52) $ (135)
  • 8. 8 E. I. du Pont de Nemours and Company Notes to Schedules of Significant Items (Dollars in millions, except per share amounts ) (a) First quarter 2007 includes a net $52 charge in Cost of goods sold and other operating charges for existing litigation in the Performance Materials segment in connection with the elastomers antitrust matter. (b) First quarter 2006 includes a restructuring charge of $135 in the Coatings & Color Technologies segment in connection with the company's plans to close and consolidate certain manufacturing and laboratory sites. Cost of goods sold and other operating charges includes employee separation charges, primarily in Europe and the U.S., for approximately 1,300 employees and other exit costs. (c) First quarter 2006 includes a reversal of accrued interest of $7 ($4 after-tax) in Other income, net and the reversal of $44 of income taxes associated with favorable settlement of certain prior-year tax contingencies which had been previously reserved.
  • 9. 9 E. I. du Pont de Nemours and Company Consolidated Segment Information (Dollars in millions ) SCHEDULE C Three Months Ended March 31, SEGMENT SALES (1) 2006 (2) 2007 Agriculture & Nutrition $ 2,450 $ 2,174 Coatings & Color Technologies 1,559 1,478 Electronic & Communication Technologies 920 885 Performance Materials 1,589 1,541 Safety & Protection 1,370 1,360 Other 43 46 Total Segment sales $ 7,931 $ 7,484 Elimination of intersegment transfers (86) (90) Consolidated net sales $ 7,845 $ 7,394 Three Months Ended March 31, PRETAX OPERATING INCOME/(LOSS) (PTOI) (3) 2006 (2) 2007 Agriculture & Nutrition $ 651 $ 597 Coatings & Color Technologies 194 21 Electronic & Communication Technologies 124 160 Performance Materials 150 155 Pharmaceuticals 225 169 Safety & Protection 291 268 Other (56) (56) Total Segment PTOI $ 1,579 $ 1,314 Exchange gains and losses (4) (28) (18) Corporate expenses & net interest (239) (246) Income before income taxes and minority interests $ 1,312 $ 1,050 (1) Sales for the reporting segments include intersegment transfers. (2) Certain reclassifications of 2006 segment data have been made to reflect changes in organizational structure for 2007. (3) Refer to the Notes to Schedules of Significant Items for additional information. (4) Net after-tax exchange activity for first quarter 2007 and 2006 was a loss of $18 and a loss of $22, respectively. Gains and losses resulting from the company's hedging program are largely offset by associated tax effects.
  • 10. 10 E. I. du Pont de Nemours and Company Summary of Earnings Comparisons (Dollars in millions, except per share amounts ) SCHEDULE D Three Months Ended March 31, % Change 2007 2006 Segment PTOI $ 1,579 $ 1,314 20% Significant Items charge included in first quarter PTOI (per Schedule B) 52 135 Segment PTOI excluding Significant Items $ 1,631 $ 1,449 13% Net Income $ 945 $ 817 16% Significant Items charge included in first quarter Net Income (per Schedule B) 52 50 Net Income excluding Significant Items $ 997 $ 867 15% EPS $ 1.01 $ 0.88 15% Significant Items charge included in first quarter EPS (per Schedule B) 0.06 0.05 EPS excluding Significant Items $ 1.07 $ 0.93 15% Average number of diluted shares outstanding 933,267,492 929,800,408 0.4%
  • 11. 11 E. I. du Pont de Nemours and Company Reconciliation of Non-GAAP Measures (Dollars in millions, except per share amounts ) SCHEDULE E Reconciliations of Adjusted EBIT / Adjusted EBITDA to Consolidated Income Statement Three Months Ended March 31, 2007 2006 Income before income taxes and minority interests $ 1,312 $ 1,050 Less: Minority interest in earnings of (1) consolidated subsidiaries (4) (2) Add: Net interest expense (2) 87 95 Adjusted EBIT 1,395 1,143 (3) Add: Depreciation and amortization 337 337 Adjusted EBITDA $ 1,732 $ 1,480 (1) Excludes income taxes. (2) Includes interest expense plus amortization of capitalized interest less interest income. (3) Excludes amortization of capitalized interest. Calculation of Segment PTOI as a Percent of Segment Sales Three Months Ended 2007 2006 % Change Segment PTOI excluding Significant Items $ 1,631 $ 1,449 13% Segment sales $ 7,931 $ 7,484 6% Segment PTOI as a percent of segment sales 20.56% 19.36% Reconciliations of Fixed Costs as a Percent of Sales Three Months Ended March 31, 2007 2006 Total charges and expenses - consolidated $ 6,849 $ 6,614 Income Statements Remove: Interest expense (99) (114) Variable costs (1) (3,743) (3,437) Significant Items - charge (2) (52) (135) Fixed costs $ 2,955 $ 2,928 Consolidated net sales $ 7,845 $ 7,394 Fixed costs as a percent of sales 37.7% 39.6% (1) Includes variable manufacturing costs, freight, commissions and other selling expenses which vary with the volume of sales. (2) See Schedule B for detail of Significant Items.
  • 12. 12 E. I. du Pont de Nemours and Company Reconciliation of Non-GAAP Measures (Dollars in millions, except per share amounts ) SCHEDULE E (continued) Reconciliation of Earnings Per Share (EPS) Outlook Year Ended December 31, 2007 2006 Outlook Actual Earnings per share - excluding Significant Items $ 3.15 $ 2.88 Significant Items included in EPS: Litigation related charges - Performance Materials (0.06) - Restructuring charges - Agriculture & Nutrition - (0.13) Coatings & Color Technologies - (0.10) American Jobs Creation Act - 0.02 Hurricane related items - 0.10 Asbestos insurance recovery - 0.04 Asset impairment - Safety & Protection - (0.03) Sales terms and expense accrual changes - (0.04) Corporate tax-related items - 0.64 Net (charge)/benefit for Significant Items (0.06) 0.50 Reported EPS $ 3.09 $ 3.38 Reconciliation of Base Income Tax Rate to Effective Income Tax Rate Three Months Ended March 31, 2007 2006 Income before income taxes and minority interests $ 1,312 $ 1,050 Add: Significant Items - charge 52 128 Net exchange losses 28 18 Income before income taxes, Significant Items, exchange gains/losses and minority interests $ 1,392 $ 1,196 Provision for income taxes $ 365 $ 231 Add: Tax benefit on Significant Items - 78 Tax benefit/(expense) on exchange gains/losses 10 (4) Provision for income taxes, excluding taxes on Significant Items and exchange gains $ 375 $ 305 Effective income tax rate 27.8% 22.0% Base income tax rate 26.9% 25.5%