DuPont Reports Higher Income, Revenue

Wilmington, DE, April 19, 2012 --  DuPont reported an increase in first-quarter profit and revenue as higher prices offset cost increases.

The company posted net income of $1.49 billion, or $1.57 per share, compared with $1.43 billion, or $1.52 per share, a year earlier.

Sales for the quarter grew 12% to $11.2 billion.

DuPont's results often serve as an indicator for the global economy since its products are used in a wide array of products, including floorcovering.