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DuPont sales dip 4.5% on lower auto builds, weak electronics demand

Credit: REUTERS/BRENDAN MCDERMID

Industrial materials maker DuPont reported a 4.5% drop in quarterly sales on Thursday, as volumes were hurt by lower auto builds, weak electronics demand and continued automotive destocking amid a prolonged U.S.-China trade war.

Oct 31 (Reuters) - Industrial materials maker DuPont DD.N reported a 4.5% drop in quarterly sales on Thursday, as volumes were hurt by lower auto builds, weak electronics demand and continued automotive destocking amid a prolonged U.S.-China trade war.

The company, a part of the former conglomerate DowDupont until a split earlier this year, said net sales fell to $5.43 billion from $5.68 billion and in line with analysts' estimates, according to IBES data from Refinitiv.

(Reporting by Arathy S Nair in Bengaluru; Editing by Arun Koyyur)

((arathys.nair@thomsonreuters.com; +1 646 223 8780 (Extn 3863); Reuters Messaging: Twitter: https://twitter.com/ArathySom))

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