duponts sales in its transportation and industrial segment ti fell 13 in the first quarterwilmington industrial materials maker dupont said on tuesday its second quarter would be the low point of the year as the covid19 pandemic slams the brakes on global vehicle sales hurting the companys automotive business the industrial giant is heavily exposed to the auto industry which was hardhit by the uschina trade war even before lockdowns imposed to arrest the spread of the virus emptied roads and shuttered car showrooms the company said it recorded a lowtomidteens percentage fall in april sales from last years levels as we see it now the second quarter should be the low point said chief financial officer lori koch on a conference call with analysts advt i think midteens down on revenue is probably the bottom of what were seeing based on what we know as of today chief executive officer ed breen said he said dupont expects continued demand for its products like protective gowns and food ingredients but that is expected to be more than offset by the wellknown softness in automotive aerospace oil and gas and other industrial markets sales in its transportation and industrial segment ti fell 13 in the first quarter weighed down by lower volumes and a fall in prices for nylon a stiff plastic used in making auto parts and industrial equipment dupont expects nylon prices to continue to decline sequentially into the currentquarter the company which undertook a cost savings program to battle challenging market conditions doubled its target to 180 million for the year from 90 million and slashed capital expenses by 500 million the wilmington delawarebased company one of three parts into which chemical conglomerate dowdupont was split into last year had earlier suspended its fullyear forecast citing uncertainties caused by the pandemic duponts stock which has lost nearly 30 this year rose about 4 in morning trade after it reported firstquarter adjusted earnings of 84 cents per share beating analysts average estimates of 75 centsread alsodassault systmes collaborates with geico taikisha to drive mass customization in auto body paint shoptoyota develops new paint atomizer claims 95 coating efficiency reuters published on may 6 2020 at 0813 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app dupont car paint dow chemical company automotive paint coronavirus crisis homenewsindustrycovid crisis dupont sees tough second quarter as auto sales crater