Chemicals maker DuPont's quarterly profit more than doubled as the worst dry spell in decades encouraged US farmers to buy its drought-hardy seeds and crop-protection products to boost yields.
Net income for the quarter, which included the beginning of the North American spring planting season, jumped to $3.35 billion, or $3.58 a share, in the first quarter, from $1.49 billion, or $1.58 a share, a year earlier.
Fourth-quarter earnings from continuing operations dipped to $1.47 from $1.48, a year earlier.
Net sales rose marginally to $10.4 billion on higher prices for seeds and crop protection products and demand in North America and Latin America.
Net income for the quarter, which included the beginning of the North American spring planting season, jumped to $3.35 billion, or $3.58 a share, in the first quarter, from $1.49 billion, or $1.58 a share, a year earlier.
Fourth-quarter earnings from continuing operations dipped to $1.47 from $1.48, a year earlier.
Net sales rose marginally to $10.4 billion on higher prices for seeds and crop protection products and demand in North America and Latin America.