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The company has been increasing prices to tackle rising costs for raw materials and energy.
Prices of U.S. natural gas, a key input, averaged $6.10 per million metric British thermal units during the October-December quarter, nearly 26% higher from a year earlier.
Sales from the electronics and industrial unit, one of the company’s highest revenue generating segments, fell 8% to $1.34 billion in the reported quarter, while the water and protection segment raked in $1.5 billion, up 6% from a year earlier.
DuPont’s net sales fell 4% to $3.1 billion in the quarter, compared with analysts’ estimates of $3.09 billion, according to Refinitiv IBES data.
On an adjusted basis, the company earned 89 cents per share, beating estimates of 78 cents per share.
