• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Printed Electronics
    • Raw Materials
    • Equipment
    • Services
    • Suppliers Guide
    • Resources
    • More
  • Magazine
  • News
  • Printed Electronics
  • Raw Materials
  • Equipment
  • Services
  • Suppliers Guide
  • Resources
  • Current & Past Issues
    Features
    Editorials
    Digital Edition
    Subscribe Now
    Advertise Now
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Breaking News
    Experts Opinion
    Financial News
    Manufacturers News
    Mergers and Acquisitions
    Online Exclusives
    Personnel
    Product Releases
    Suppliers News
    Live From Shows
    Displays and Lighting
    Photovoltaics
    Printed Batteries
    Printed Circuit Boards/Membrane Switches/In Mold Electronics
    Flexible and Printed Electronics
    RFID and NFC
    Sensors and Wearables
    Smart Cards and Packaging
    Touch Screens
    Adhesives, Barriers and Encapsulants
    Chemicals, Metals and Powders
    Conductive Inks and Coatings
    Electronic Materials
    Film, Paper, Glass and Substrates
    Graphene, Perovskites and Carbon Nanotubes
    Nanomaterials
    Printed Electronic Components
    Research Reports
    Semiconductors and Quantum Dots
    Energy Curing Equipment
    Lab and Testing Equipment
    Manufacturing Equipment
    Printing Equipment
    3D Printing
    Contract Manufacturing Services
    Product Design and Testing
    Research and Consulting
    Research Institutions
    Research Reports
    Universities
    Equipment
    All Companies
    Materials
    Categories
    Converting
    Printed Electronics Systems
    Associations
    Research and Services
    Used Machinery
    Add New Company
    Industry Events
    Live from show events
    Podcasts
    Videos
    Blogs
    Slideshows
    Infographics
    Webinars
    Whitepapers
    Equipment and Services
    Glossary
    • Magazine
      • Current & Past Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Suppliers Guide
      • Suppliers Guide
      • Add Your Company
    • Printed Electronics
      • Photovoltaics
      • Printed Batteries
      • Printed Circuit Boards/Membrane Switches/In Mold Electronics
      • Flexible and Printed Electronics
      • RFID and NFC
      • Sensors and Wearables
      • Smart Cards and Packaging
      • Touch Screens
    • Raw Materials
      • Adhesives, Barriers and Encapsulants
      • Chemicals, Metals and Powders
      • Conductive Inks and Coatings
      • Electronic Materials
      • Film, Paper, Glass and Substrates
      • Graphene, Perovskites and Carbon Nanotubes
      • Nanomaterials
      • Semiconductors and Quantum Dots
    • Equipment
      • Energy Curing Equipment
      • Lab and Testing Equipment
      • Manufacturing Equipment
      • Printing Equipment
      • 3D Printing
    • Services
      • Contract Manufacturing Services
      • Product Design and Testing
      • Research and Consulting
      • Research Institutions
      • Research Reports
      • Universities
    • Online Exclusives
    • Slideshows
    • Blog
    • Videos
    • Podcasts
    • Infographics
    • Events
      • Industry Events
      • Live from show events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    DowDuPont Reports 4Q, Full Year 2017 Results

    4Q net sales rise 13% to $20.1 billion, with gains in all operating segments and geographies.

    Related CONTENT
    • Counterfeit-Proof and Unique Identification Shows Authenticity of Products
    • ‘Smart’ Shirt Using Carbon Nanotube Threads Keeps Tabs on the Heart
    • Space Mission Tests NREL Perovskite Solar Cells
    • NREL Chooses Mortenson To Complete RAIL Facility
    • Self-Powered Implantable Device Stimulates Fast Bone Healing, Then Disappears Without a Trace
    02.01.18
    DowDuPont reported a GAAP loss per share from continuing operations of $0.52 during the fourth quarter of 2017. Adjusted earnings per share increased 41% to $0.83, compared with pro forma adjusted earnings per share in the year-ago period of $0.59. Adjusted earnings per share excludes significant items in the quarter totaling net charges of $1.26 per share, as well as a $0.09 per share charge for DuPont amortization of intangible assets.
     
    Net sales increased 13% to $20.1 billion, with gains in all operating segments and geographies, from pro forma net sales of $17.7 billion in the year-ago period. The primary sales growth drivers by division were: Materials Science – Industrial Intermediates & Infrastructure (27%) and Packaging & Specialty Plastics (17%); Specialty Products – Transportation & Advanced Polymers and Nutrition & Biosciences (10% each); and Agriculture (5%). Regional sales increases were led by Europe, Middle East and Africa (EMEA) (25%) and North America (10%), with gains in all divisions, led by the Materials Science operating segments.
     
    Volume grew 6% on a pro forma basis, with increases in all operating segments and geographies on broad-based, consumer-led and investment-driven demand. Volume gains were led by Industrial Intermediates & Infrastructure (13%), Packaging & Specialty Plastics (8%), Electronics & Imaging (6%) and Transportation & Advanced Polymers (5%). Regional volume growth was led by EMEA (10%) and Asia Pacific (6%).
     
    Operating EBITDA increased 24% on a pro forma basis to $3.9 billion, driven by volume and price gains, including new capacity additions in the US Gulf Coast and Saudi Arabia.
     
    The company achieved an annual cost synergy run-rate of more than $800 million and more than $200 million of realized savings in the fourth quarter. DowDuPont is increasing its cost synergy commitment from $3 billion to $3.3 billion.
     
    Cash flow from operations in the quarter was $4.2 billion, driven by increased cash earnings and Agriculture’s seasonal cash inflow, partly offset by contributions to pension plans.
     
    The company is announcing today that it has updated the timing and sequence of the intended separation of the companies: Materials Science is expected to separate by the end of the first quarter of 2019, and Agriculture and Specialty Products are expected to separate by June 1, 2019.
     
    “Our fourth quarter operating results continued the strong performance that we delivered throughout 2017, as we grew our top and bottom lines by double digits in the quarter and the full year,” said Ed Breen, CEO of DowDuPont. “Our 2017 results reflect robust underlying demand for many of our products, the power of our innovation engine and our leading positions in growing markets. We delivered these results while completing our merger, realigning the business around key end-markets, and achieving more than $800 million in run-rate savings from our cost synergy programs. We also are making significant progress standing up the intended public companies, which we now expect to spin about 14 to 16 months from today.”
     
    2017 Full-Year Highlights
     
    GAAP earnings per share from continuing operations was $0.95 for the full year. Pro forma adjusted earnings per share increased 22% to $3.40 versus the year-ago period. Pro forma adjusted earnings per share excludes significant items totaling net charges of $1.90 per share, as well as a $0.33 per share charge for DuPont amortization of intangible assets.
     
    GAAP net sales increased 30%. Pro forma net sales increased to $79.5 billion, up 12% versus the year-ago period, with gains in all operating segments and all geographies. Primary sales growth drivers were: Materials Science – Performance Materials & Coatings (37%), Industrial Intermediates & Infrastructure (17%) and Packaging & Specialty Plastics (13%); Specialty Products – Transportation & Advanced Polymers (14%) and Electronics & Imaging (12%); and Agriculture (2%). Sales rose double-digits in EMEA (17%), Asia Pacific (15%) and North America (10%). Sales in Latin America grew 5%.
     
    Pro forma operating EBITDA increased 15% to $16.2 billion, driven by volume and price gains, including new capacity additions; cost synergies and productivity actions; higher equity earnings; lower pension/OPEB costs; and the full-year contribution of silicones. These gains more than offset higher feedstock costs, startup expenses on the US Gulf Coast and the unfavorable impact of hurricanes. Increases were achieved in most operating segments, led by double-digit growth in Performance Materials & Coatings; Industrial Intermediates & Infrastructure; Electronics & Imaging; Transportation & Advanced Polymers; and Agriculture.
     
    Outlook
     
    “The trajectory of global economic expansion has gained momentum – driven by robust fundamentals in consumer and business confidence, employment and wage growth and manufacturing and infrastructure investment activity,” said Andrew Liveris, executive chairman of DowDuPont. “In developed economies in particular, such as the United States, Germany, France, Canada and the UK, we continue to see strong leading indicators of broad-based growth. Furthermore, early signs from the business community point to US tax reform as a catalyst for further domestic capital investments, which will take advantage of enhanced competitiveness and pro-business incentives. Adding to this, the emerging middle class in developing economies, most notably in India and China, but also in Africa and the Middle East, continues to support sustainable growth.
     
    “All of this bodes well for the products and technologies within DowDuPont’s portfolio, which are well positioned to meet growing needs in the Materials Science, Agriculture and Specialty Product sectors. Looking ahead, our levers of value creation are clear: continuing to further unlock the cost and growth synergies of this merger transaction, capitalizing on our early success and achieving the enhanced cost synergy commitment we are announcing today; delivering new products from our in-flight growth investments and powerful innovation pipeline; and quickly standing and separating into three industry-leading companies on the new accelerated timeline we announced today.”
     
     
    Related Searches
    • coatings
    • dupont
    • dowdupont
    • electronics
    Suggested For You
    Counterfeit-Proof and Unique Identification Shows Authenticity of Products Counterfeit-Proof and Unique Identification Shows Authenticity of Products
    ‘Smart’ Shirt Using Carbon Nanotube Threads Keeps Tabs on the Heart ‘Smart’ Shirt Using Carbon Nanotube Threads Keeps Tabs on the Heart
    Space Mission Tests NREL Perovskite Solar Cells Space Mission Tests NREL Perovskite Solar Cells
    NREL Chooses Mortenson To Complete RAIL Facility NREL Chooses Mortenson To Complete RAIL Facility
    Self-Powered Implantable Device Stimulates Fast Bone Healing, Then Disappears Without a Trace Self-Powered Implantable Device Stimulates Fast Bone Healing, Then Disappears Without a Trace
    DuPont Completes Acquisition of Laird Performance Materials DuPont Completes Acquisition of Laird Performance Materials
    Argonne National Laboratory Hosting Materials for Printed Hybrid Electronics Webinar Argonne National Laboratory Hosting Materials for Printed Hybrid Electronics Webinar
    Sergio Pombo Joins SolarWindow Sergio Pombo Joins SolarWindow
    Brewer Science Expands Capabilities: Smart Devices, Printed Electronics Foundry Brewer Science Expands Capabilities: Smart Devices, Printed Electronics Foundry
    Rapid, Reliable On-site Drug Detection Using Wearable Sensor Rapid, Reliable On-site Drug Detection Using Wearable Sensor
    OTI Lumionics Sees Opportunities in OLED Field OTI Lumionics Sees Opportunities in OLED Field
    NanoDirect Launches Direct Silver Line of Silver Nanowire Dispersions NanoDirect Launches Direct Silver Line of Silver Nanowire Dispersions
    Universal Display’s Dr. Mark Thompson Inducted into National Academy of Engineering Universal Display’s Dr. Mark Thompson Inducted into National Academy of Engineering
    Profusa Turns to NextFlex for Skin-worn Reader for Continuous Oxygen Monitoring Profusa Turns to NextFlex for Skin-worn Reader for Continuous Oxygen Monitoring
    Printed Electronics Now’s Top Stories for 2017 Printed Electronics Now’s Top Stories for 2017

    Related Breaking News

    • Breaking News | Flexible and Printed Electronics | Research Institutions | Smart Cards and Packaging
      Counterfeit-Proof and Unique Identification Shows Authenticity of Products

      Counterfeit-Proof and Unique Identification Shows Authenticity of Products

      Fraunhofer SmartID project looks to develop a novel marking system that can determine the authenticity of products via smart devices even while offline.
      09.15.21

    • Breaking News | Sensors and Wearables | Universities
      ‘Smart’ Shirt Using Carbon Nanotube Threads Keeps Tabs on the Heart

      ‘Smart’ Shirt Using Carbon Nanotube Threads Keeps Tabs on the Heart

      Rice’s flexible carbon nanotube fibers woven into clothing gather accurate EKG, heart rate.
      Mike Williams, Rice University 08.31.21

    • Breaking News | Graphene, Perovskites and Carbon Nanotubes | Photovoltaics
      Space Mission Tests NREL Perovskite Solar Cells

      Space Mission Tests NREL Perovskite Solar Cells

      The latest test will evaluate the potential use of perovskite solar cells in space and assess the durability of materials used in those cells.
      Wayne Hicks, NREL 08.30.21


    • Breaking News | Flexible and Printed Electronics | Graphene, Perovskites and Carbon Nanotubes | Research Institutions
      NREL Chooses Mortenson To Complete RAIL Facility

      NREL Chooses Mortenson To Complete RAIL Facility

      The 15,700-square-foot Research and Innovation Laboratory (RAIL) will provide multipurpose lab space for energy efficiency and renewable energy research.
      07.23.21

    • Breaking News | Flexible and Printed Electronics | Sensors and Wearables | Universities
      Self-Powered Implantable Device Stimulates Fast Bone Healing, Then Disappears Without a Trace

      Self-Powered Implantable Device Stimulates Fast Bone Healing, Then Disappears Without a Trace

      Thin, flexible device is self-powered, implantable and bioresorbable.
      Jason Daley 07.12.21

    Loading, Please Wait..
    Trending
    • Flexible And Printed Electronics Among CES 2023 Highlights
    • STMicroelectronics Reports Q4, FY 2022 Financial Results
    • Siman Group Partners With SML To Unlock Full Retail Potential With RFID
    • Sensormatic Solutions By Johnson Controls, Zliide To Reimagine Self-Checkout
    • Henkel Highlights Pad Printing, Antenna Technologies At LOPEC 2023
    Breaking News
    • Weekly Recap: Avery Dennison, CES 2023 and Canatu’s LiDAR Deicing Top This Week’s Stories
    • Celanese Launches Nine New Conductive Inks
    • NREL Develops Thin, Lightweight Layer for Radiation Barrier for Perovskites in Space
    • LG Display Reports Fourth Quarter 2022 Results
    • STMicroelectronics Reports Q4, FY 2022 Financial Results
    View Breaking News >
    CURRENT ISSUE

    Winter 2021

    • Printed Electronics Now’s International Suppliers’ Directory
    • The Automotive Market and Flexible and Printed Electronics
    • Flexible and Printed Electronics in Healthcare
    • Flexible and Printed Electronics Make Gains in Smart Packaging
    • PAPERONICS: Low-cost multisensory paper and packaging applications
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Nutrasource Rebrands Clinical Trial Site to Apex Trials
    Kerry Sponsors Upcycled Food Foundation Research Fellowship
    Probiotics Supplementation Reduces Complications in Colorectal Cancer Patients
    Coatings World

    Latest Breaking News From Coatings World

    Epoxytec Announces New Website Launch
    Paints and Coatings Market Worth $212B by 2026: MarketsandMarkets
    Axalta Releases Fourth Quarter and Full Year 2022 Results
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    MPO's Most-Read Stories This Week—Jan. 28
    Alleviant Medical Closes $75M Financing Round
    Know Labs Founder Ron Erickson Named CEO
    Contract Pharma

    Latest Breaking News From Contract Pharma

    SK bioscience Introduces New Global Partnership Model for Vaccines
    Merck's KEYTRUDA Wins Expanded Approval in Non-Small Cell Lung Cancer
    Bone Biologics Engages Avania for NB1 Clinical Trial
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    LVMH Reports Record 2022
    Haircare Brand Uncle Funky’s Daughter Announces Retail Expansion
    TRESemmé Introduces New Pro Infusion Collection
    Happi

    Latest Breaking News From Happi

    Consumers Trust P&G, Newell Brands To Restructure
    Alix Earle, Jonathan Monroe Are Fast-Growing Beauty Influencers on Instagram
    Fragrance Creators Launches First-of-its-Kind Data Insights Program
    Ink World

    Latest Breaking News From Ink World

    Weekly Recap: Sustainability and Pigments, TSCA and Raw Materials Top This Week’s Stories
    Roland DGA Announces Major Expansion of TrueVIS Printer Family
    Neos Expands Production Capacity, European Market Presence
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Label industry mourns CCL's Alan Horn, Baldwin focuses on narrow web and more
    Channeled Resources launches blank labels with PET liner
    Infigo partners with Four Pees in Benelux region
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Weekly Recap: Thinx Settles Class Action Lawsuit, Abena, Finess Hygiene Announce Merger & More
    Essity’s Sales Grow
    Thinx to Pay up to $5 million to Settle Class Action Suit
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    ODT's Most-Read Stories This Week—Jan. 28
    Roche, Sysnav Partner on Movement Tracking Tech for Neuromuscular Disorders
    Orthopedic Braces/Support, Casting/Splints Market to Top $12B by 2030
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Weekly Recap: Avery Dennison, CES 2023 and Canatu’s LiDAR Deicing Top This Week’s Stories
    Celanese Launches Nine New Conductive Inks
    NREL Develops Thin, Lightweight Layer for Radiation Barrier for Perovskites in Space

    Copyright © 2023 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login