-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OHo0uKppyoVHkXeC2N1XmFmjgPIv242ym8LcAQPCRqHfF0vFAdB/Xd+h701lEJig w8SZdmCWas7rCTok4GVKeQ== 0000030554-98-000027.txt : 19980710 0000030554-98-000027.hdr.sgml : 19980710 ACCESSION NUMBER: 0000030554-98-000027 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980709 ITEM INFORMATION: FILED AS OF DATE: 19980709 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: DUPONT E I DE NEMOURS & CO CENTRAL INDEX KEY: 0000030554 STANDARD INDUSTRIAL CLASSIFICATION: PLASTIC MAIL, SYNTH RESIN/RUBBER, CELLULOS (NO GLASS) [2820] IRS NUMBER: 510014090 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-00815 FILM NUMBER: 98662600 BUSINESS ADDRESS: STREET 1: 1007 MARKET ST CITY: WILMINGTON STATE: DE ZIP: 19898 BUSINESS PHONE: 3027741000 8-K 1 CURRENT REPORT SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported): July 9, 1998 E. I. du Pont de Nemours and Company (Exact Name of Registrant as Specified in Its Charter) Delaware 1-815 51-0014090 (State or Other Jurisdiction (Commission (I.R.S Employer of Incorporation) File Number) Identification No.) 1007 Market Street Wilmington, Delaware 19898 (Address of principal executive offices) Registrant's telephone number, including area code: (302) 774-1000 1 Item 5. Other Events ------------ In connection with Debt and/or Equity Securities that may be offered on a delayed or continuous basis under Registration Statements on Form S-3 (No. 33-53327, No. 33-61339 and No. 33-60069), we hereby file the following press release. Contact: Susan Gaffney (302) 774-2698 DUPONT ANNOUNCES SECOND QUARTER EARNINGS SHORTFALL -------------------------------------------------- Wilmington, Del., July 9 -- DuPont today announced that it expects 1998 second quarter diluted earnings to be 10-15 percent below the $.99 per share earned in the same period a year ago. About half of this shortfall is due to a sudden shift in June in the crop protection products business due to weather and competitive pricing pressures in North America combined with weak demand and currency translations in Asia. The other half is made up of three key factors -- sharply lower oil prices, the General Motors strike and lower demand in the textile apparel industry. "Our earnings performance this quarter is unacceptable, and I have begun putting in place specific actions to improve second half performance," said Charles O. Holliday, Jr., DuPont president and CEO. 2 "We have strong underlying fundamentals in the chemicals and specialties businesses despite the impact of slower economic growth, the Asian financial crisis and dilution from 1997 acquisitions. However, unless we see an improvement in energy prices, we are unlikely to meet our objective of a fifth consecutive year of record earnings," said Holliday. I remain committed to successfully transforming DuPont into a highly profitable life sciences and materials company. Our strategy is in place, and in the last 90 days we have announced that we will exit the oil business, purchased Merck's share of our pharmaceuticals joint venture, and organized DuPont's chemicals and specialties businesses to aggressively implement differentiated strategies for long-term profitable growth," said Holliday. DuPont will announce second quarter 1998 earnings on July 22. # # # 7/9/98 3 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. E. I. DU PONT DE NEMOURS AND COMPANY (Registrant) /s/ D. B. Smith ------------------------------------ D. B. Smith Assistant Controller July 9, 1998 4 -----END PRIVACY-ENHANCED MESSAGE-----