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March 19, 2007
By: KERRY PIANOFORTE
Pre-tax operating income (PTOI) for DuPont’s Coatings & Color Technologies segment was $282 million versus $153 million earned in the hurricane-impacted fourth quarter 2005. Excluding significant items, PTOI increased 31% due to higher titanium dioxide sales and a gain on the sale of assets, which together more than offset the impact of lower automotive OEM coatings volumes. Fourth quarter sales of $1.6 billion were up seven percent. Higher volumes in the titanium dioxide business and higher prices in the coatings businesses more than offset lower volume in automotive OEM coatings.
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