DuPont reports strong earnings; CEO warns of need for deficit reduction
Kullman gave her economic appraisal in satellite interview from WHYY’s
The company reported $34.8 billion in sales worldwide. Its stock earnings beat Wall Street expectations as well. Kullman says the company's agriculture division deserves much of the credit and should keep the company competitive in 2013. “We are coming out of a strong Latin American season. Year to year our Agriculture sections were up 18% and we are setting up strongly for the North American season in 2013,” the CEO told
Kullman predicted the construction economy should be strong in 2013, which should help their Tyvek division, the home insulation product. She wasn’t as bullish about the auto industry. She said the growth in the first of 2013 will be slow and that industry might only grow 2% after a strong 2012.
But she says it’s all about
However, in this country, all eyes are going to be on the talks to reduce the deficit. “If there is a time frame (for deficit reduction) and they can make real progress that will be seen as a positive,” she said. But Kullman warned that the deadlines for dealing with the issue are moved out that would be seen as a negative. She said a dialogue needs to be established over the next few months for a framework that can be seen as something substantial for change.
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