• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • 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
      • Add Your Company
      • Suppliers Guide
    • 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 Fourth Quarter, Full Year 2018 Results

    Cash flow from operations in 4Q 208 was $5.1 billion compared to $1.8 billion in the year-ago period.

    Related CONTENT
    • IDC: Smartphone Woes Continue with Worldwide Shipments Down 4.9% in 2018 Holiday Quarter
    • LG Display Reports Fourth Quarter 2018 Results
    • Avery Dennison Announces 4Q, Full Year 2018 Results
    • 3M Reports Fourth Quarter, Full Year 2018 Results
    • STMicroelectronics Reports Q4, FY 2018 Financial Results
    01.31.19
    DowDuPont announced its fourth quarter and full year 2018 financial highlights.
     
    For the fourth quarter of 2018, GAAP earnings per share from continuing operations totaled $0.21. Adjusted earnings per share increased 6% to $0.88, compared with the year-ago period of $0.83. Adjusted earnings per share excludes significant items in the quarter totaling net charges of $0.56 per share and an $0.11 per share charge for DuPont amortization of intangible assets.
     
    Net sales were even with the year-ago period at $20.1 billion, as price and volume gains were offset by currency. GAAP net income from continuing operations totaled $513 million. Operating EBITDA was $3.9 billion, flat with the year-ago period, as cost synergies and local price gains were offset by margin compression in the Materials Science Division, lower equity earnings and a headwind from currency.
     
    DowDuPont achieved cost synergy savings of more than $500 million in the quarter, and since merger close has now delivered more than $1.8 billion of cumulative savings.
     
    Cash flow from operations in the quarter was $5.1 billion compared to $1.8 billion in the year-ago period. After adjusting for the accounting and presentation change for accounts receivable securitization, cash flow from operations rose $0.9 billion year-over-year.
     
    “In our first full year as a merged company, we delivered consistently strong results. Pro forma sales rose 8% with gains in every geography. We delivered a 13% increase in operating EBITDA. And we raised our cost synergy expectation by 20% to $3.6 billion, while continuing to return significant capital to shareholders,” said Ed Breen, CEO of DowDuPont.
     
    “We remain on track for the separation of the new Dow on April 1, followed by Corteva from the new DuPont on June 1. We are excited about launching these three global companies, each set to be an industry leader with the right capital structure and now better positioned to serve customers, compete in their end markets and focus on their innovation priorities,” Breen added.
     
    For full-year 2018, GAAP earnings per share from continuing operations totaled $1.65. Adjusted earnings per share was $4.11, up 21% versus pro forma results in the year-ago period. Adjusted earnings per share excludes significant items totaling net charges of $2.02 per share, as well as a $0.44 per share charge for DuPont amortization of intangible assets.
     
    GAAP net sales increased 38%. Net sales increased 8% to $86.0 billion versus pro forma results in the year-ago period, with gains in all regions. GAAP net income from continuing operations totaled $4.0 billion. Operating EBITDA increased 13% to $18.3 billion versus pro forma results in the year-ago period, as cost synergies; local price gains; volume growth, including the benefit of new capacity additions; lower pension/OPEB costs; and higher equity earnings more than offset higher raw material costs.
     
    Cash flow from operations totaled $4.7 billion and included discretionary pension contributions of approximately $2.2 billion. Excluding these discretionary contributions, cash flow from operations would have been $6.9 billion.
     
    Materials Science net sales decreased 1% to $11.8 billion, as volume growth of 1% was more than offset by local price and currency, each down 1%. Operating EBITDA decreased 12% to $2.1 billion, driven by margin compression in isocyanates and polyethylene products and lower equity earnings.
     
    Full-year sales increased 11% on a pro forma basis, with local price and volume gains in all regions. Operating EBITDA grew 10% on a pro forma basis, with gains in all segments, driven by local price and volume gains, including contributions from new capacity on the U.S. Gulf Coast; cost synergies; and higher equity earnings.
     
    Performance Materials & Coatings reported net sales of $2.2 billion, down 1% from the year-ago period. Sales increases in most regions were more than offset by a decline in Asia Pacific. Local price increased 7%, with gains in all regions. Volume declined 6%, with decreases in both businesses and all regions. Currency decreased sales 2% versus the year-ago period.
     
    Consumer Solutions and Coatings & Performance Monomers both reported modest sales declines on lower volume and unfavorable impacts from currency, which more than offset price gains in all regions. Consumer Solutions continued to capture price gains, while volume declined primarily due to proactive measures to improve product and business mix. Coatings & Performance Monomers sales declined as price increases in most regions were more than offset by lower demand and a headwind from currency. Operating EBITDA increased to $421 million, up 5% from $400 million in the year-ago period.
     
    Electronics & Imaging reported net sales of $1.2 billion, down 2% from the year-ago period as volume growth of 1% was offset by a 2% decline in local price and a 1% currency headwind.
     
    Volume growth in the segment was led by continued strength in semiconductor technologies on strong demand in chemical mechanical planarization (CMP) and advanced packaging end-markets as well as double-digit gains in display technologies. These gains were partially offset by volume declines in interconnect solutions due to weaker smartphone sales and continued softness in the photovoltaics market. Volume gains in US and Canada and Asia Pacific were offset by declines in EMEA. Operating EBITDA for the segment was $685 million, an increase of 18% from $581 million in the year-ago period.
     
    Related Searches
    • LED
    • coatings
    • dowdupont
    • semiconductor
    Suggested For You
    IDC: Smartphone Woes Continue with Worldwide Shipments Down 4.9% in 2018 Holiday Quarter IDC: Smartphone Woes Continue with Worldwide Shipments Down 4.9% in 2018 Holiday Quarter
    LG Display Reports Fourth Quarter 2018 Results LG Display Reports Fourth Quarter 2018 Results
    Avery Dennison Announces 4Q, Full Year 2018 Results Avery Dennison Announces 4Q, Full Year 2018 Results
    3M Reports Fourth Quarter, Full Year 2018 Results 3M Reports Fourth Quarter, Full Year 2018 Results
    STMicroelectronics Reports Q4, FY 2018 Financial Results STMicroelectronics Reports Q4, FY 2018 Financial Results
    DowDuPont Named in America DowDuPont Named in America's Most JUST Companies 2018 List
    Applied Materials Announces 4Q, Fiscal Year 2018 Results Applied Materials Announces 4Q, Fiscal Year 2018 Results
    Merck KGaA Reports Third Quarter 2018 Results Merck KGaA Reports Third Quarter 2018 Results
    DowDuPont Reports Third Quarter 2018 Results DowDuPont Reports Third Quarter 2018 Results
    DuPont Reveals New Brand Identity DuPont Reveals New Brand Identity
    DowDuPont Announces Senior Leaders of Future Independent Companies, Corteva Agriscience and DuPont DowDuPont Announces Senior Leaders of Future Independent Companies, Corteva Agriscience and DuPont
    DuPont Electronics & Imaging Announces Newest In-Mold Electronics Inks DuPont Electronics & Imaging Announces Newest In-Mold Electronics Inks
    DowDuPont Announces Filing of Initial Form 10 Registration Statement for the New Dow DowDuPont Announces Filing of Initial Form 10 Registration Statement for the New Dow
    DowDuPont Reports Second Quarter 2018 Results DowDuPont Reports Second Quarter 2018 Results

    Related Breaking News

    • Breaking News | Conductive Inks and Coatings | Flexible and Printed Electronics
      PRINTING United Alliance Announces TAGA Presents Virtual Event

      PRINTING United Alliance Announces TAGA Presents Virtual Event

      Registration is free and now open for the two-day session.
      Anthony Locicero, Editor 01.26.21

    • Breaking News | Research Institutions | Semiconductors and Quantum Dots
      ITRI, DuPont Jointly Inaugurate Semiconductor Materials Lab

      ITRI, DuPont Jointly Inaugurate Semiconductor Materials Lab

      DuPont, in collaboration with ITRI, will conduct semiconductor material research, development and enhancement, and accelerate pilot testing.
      Anthony Locicero, Associate editor 01.26.21

    • Breaking News | Personnel | RFID and NFC
      Identiv Appoints Leigh Dow as VP of Marketing

      Identiv Appoints Leigh Dow as VP of Marketing

      Newly created role is part of the company’s ongoing transformation to become the leading provider of security and identity solutions.
      Anthony Locicero 01.26.21


    • Breaking News | Flexible and Printed Electronics | Research Institutions
      Imec Technology Taking Off to Space

      Imec Technology Taking Off to Space

      Imec will validate three of its technologies in a spaceflight environment. Being compact and sophisticated makes these systems attractive for implementation.
      Anthony Locicero, Associate editor 01.26.21

    • Breaking News | Displays and Lighting
      Osram in Top 25 of World’s 100 Most Sustainable Companies

      Osram in Top 25 of World’s 100 Most Sustainable Companies

      Out of approximately 7,400 worldwide companies, Osram ranks 23rd.
      Anthony Locicero, Associate editor 01.26.21

    • Breaking News | Graphene, Perovskites and Carbon Nanotubes | Research Institutions
      Graphene Flagship Study Predicts Increased Market Penetration by 2025

      Graphene Flagship Study Predicts Increased Market Penetration by 2025

      Most immediate applications of graphene, such as composites, inks and coatings are already commercially available.
      Anthony Locicero, Associate editor 01.25.21


    • Breaking News | RFID and NFC
      STMicroelectronics Powers NFC Applications with Message Content, Anti-Tamper in New Type-5 Tags

      STMicroelectronics Powers NFC Applications with Message Content, Anti-Tamper in New Type-5 Tags

      Tags deliver advantages such as extended communication range with superior reliability.
      Anthony Locicero, Associate editor 01.25.21

    • Breaking News | Suppliers News
      DuPont, Corteva, Chemours Announce Resolution of Legacy PFAS Claims

      DuPont, Corteva, Chemours Announce Resolution of Legacy PFAS Claims

      Companies also settle remaining Ohio multi-district PFOA litigation.
      Anthony Locicero, Associate editor 01.25.21

    • Breaking News | Displays and Lighting

      UDC Subsidiary Adesis' Website Wins 2020 MarCom Platinum Award

      “Our website is one of the primary thresholds to our brand," said Andrew Cottone, president of Adesis, Inc.
      Anthony Locicero, Associate editor 01.25.21


    • Breaking News | Semiconductors and Quantum Dots
      Ambiq Wins IoT Semiconductor Company of the Year Award

      Ambiq Wins IoT Semiconductor Company of the Year Award

      Ambiq believes that innovation is essential to the advancement of human society.
      Anthony Locicero, Associate editor 01.22.21

    • Breaking News | Displays and Lighting | Flexible and Printed Electronics | Personnel | Suppliers News
      Ynvisible Names Michael Robinson CEO, Jani-Mikael Kuusisto SVP Ventures

      Ynvisible Names Michael Robinson CEO, Jani-Mikael Kuusisto SVP Ventures

      Ynvisible is focusing on speed to market for customer products and sustainable financial growth.
      David Savastano, Editor 01.22.21

    • Breaking News | Photovoltaics | Research Institutions
      IHSMarkit Reports Top Clean-Tech Trends for 2021

      IHSMarkit Reports Top Clean-Tech Trends for 2021

      Solar surges by 30%, 10 GW milestone for offshore wind among highlights.
      David Savastano, Editor 01.22.21


    • Breaking News | RFID and NFC
      Roadsimple Modernizes Warehouse Ops with Zebra Technologies

      Roadsimple Modernizes Warehouse Ops with Zebra Technologies

      Roadsimple 'transformed our warehouse from a manual-based operation using pen and paper to a truly modernized one,' said Hao Fang, IT director.
      Printed Electronics Now staff 01.22.21

    • Breaking News | Sensors and Wearables
      Emerson Receives 2021 IoT Breakthrough Award for Analytics Platform of the Year

      Emerson Receives 2021 IoT Breakthrough Award for Analytics Platform of the Year

      Real-time data and analytics are key drivers for optimizing operational performance, asset health and plant safety.
      Printed Electronics Now Staff 01.21.21

    • Breaking News | Graphene, Perovskites and Carbon Nanotubes | Research Institutions
      Graphene Flagship Launches Redesigned Website

      Graphene Flagship Launches Redesigned Website

      Site features completely redesigned aesthetic, with emphasis on easy-to-access informative content presented in a simple, clean and visually appealing way.
      Printed Electronics Now staff 01.20.21

    Trending
    • Osram In Top 25 Of World’s 100 Most Sustainable Companies
    • DuPont, Corteva, Chemours Announce Resolution Of Legacy PFAS Claims
    • Graphene Flagship Study Predicts Increased Market Penetration By 2025
    • Phiaro Corporation Incorporates TactoTek IMSE Smart Surfaces Into Customer Projects
    • TNO At Holst Centre Develops Cuddle Vest
    Breaking News
    • PRINTING United Alliance Announces TAGA Presents Virtual Event
    • ITRI, DuPont Jointly Inaugurate Semiconductor Materials Lab
    • Identiv Appoints Leigh Dow as VP of Marketing
    • Imec Technology Taking Off to Space
    • Osram in Top 25 of World’s 100 Most Sustainable Companies
    View Breaking News >
    CURRENT ISSUE

    Fall 2020

    • Flexible Electronics Is Proving to Be Ideal for Healthcare
    • COVID-19 and the Printed Electronics Industry
    • Smart Packaging Looks to Move Forward
    • Electronic & Conductive Ink Conference Showcases Future of Ink Technology
    • Printed Electronics Now’s International Suppliers’ Directory
    • 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

    Omega-3s Evidenced to Reduce Low-Grade Inflammation in Elderly Men
    MIND and Mediterranean Diets Linked to Later Onset of Parkinson’s Disease
    Kerry Launches Web-Based Tool for Plant-Based Formulation Challenges
    Coatings World

    Latest Breaking News From Coatings World

    Keyland Polymer UV Powder, LLC Launches UVMax Defender
    Scott McLaughlin to Race in PPG Colors During Rookie INDYCAR Season
    Vink Chemicals Offers parmetol PSG
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Butterfly Network Appoints New Leader
    BD Names Chairman of Board
    Interplex Acquires OCP Group
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Adare Pharma Solutions Opens New Small-Scale Lab
    Stevanato Group Launches After-sales Service Offering
    X-Chem Acquires IntelliSyn and AviSyn
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    The Estée Lauder Companies Announces Game-Changing Sustainability Goals for Travel Retail
    Aura Introduces Customizable Hair Care
    Corpack Creates Custom Packaging for Marlies Möller Hair Care Line
    Happi

    Latest Breaking News From Happi

    Nice-Pak Receives EPA Approval for Disinfectant Wipes
    FDA Takes Major Action on Hand Sanitizers from Mexico
    Symrise Shares 2020 Sales Figures
    Ink World

    Latest Breaking News From Ink World

    Epson Partner Creates Label Applicators for Pharmaceutical Products
    Smurfit Kappa Sets New Sustainability Targets with Better Planet 2050
    Paragon Expands Direct Mail Capabilities with Ricoh Pro VC70000
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Great Lakes Label debuts new website
    Epson partner creates label applicators for pharmaceutical products
    ACTEGA removes chemicals from laminating adhesives
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    American Made Production Equipment for Mask Manufacturers
    Kimberly-Clark Releases Q4, Full Year Results
    Freudenberg to Establish Apparel Interlining Competence Centers
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Spinal Elements' Lucent XP-Curved Expandable TLIF Gains FDA Nod
    FDA OKs OrthoSpin's 2nd Gen Robotic, Digital External Fixation System
    Nextremity Solutions Enters Supply Agreement with Fort Wayne Metals
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    North American Semiconductor Equipment Industry Posts December 2020 Billings
    First Solar Signs Definitive Agreement to Sell US Development Platform to Leeward
    PRINTING United Alliance Announces TAGA Presents Virtual Event

    Copyright © 2021 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