• 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 First Quarter 2019 Results

    Separation of Dow completed on April 1 and remains on track for separation of Corteva Agriscience and DuPont on June 1.

    DowDuPont Reports First Quarter 2019 Results
    Related Content
    • Raj Ratnakar Named Chief Strategy Officer for Specialty Products Division of DowDuPont
    • Zebra Technologies Announces 1Q 2019 Results
    • ASSA ABLOY Reports Good Start to 2019
    • Avery Dennison Announces First Quarter 2019 Results
    • DowDuPont Announces New Members for Future Board of Directors of DuPont
    05.03.19
    DowDuPont reported its first quarter 2019 results.
     
    Net sales of $19.6 billion were down 9% compared with the year-ago period on lower local price of 4%, a 3% currency headwind and volume declines of 2%. Volume gains of 3% in Asia Pacific and 1% in EMEA were more than offset by volume declines in US & Canada of 7% and in Latin America of 1%.
     
    GAAP earnings per share from continuing operations totaled $0.23, a decline of 51% versus the year-ago period of $0.47. Adjusted earnings per share decreased 25% to $0.84, compared with the year-ago period of $1.12.
     
    GAAP net income from continuing operations totaled $0.6 billion, down 50% versus the year-ago period. Operating EBITDA was $4.0 billion, down 17% as compared to the year-ago period.
     
    DowDuPont achieved year-over-year cost synergies of approximately $400 million in the quarter, and since merger close has now delivered more than $2.2 billion of cost savings.
     
    “Each business aggressively managed the levers within our control and benefitted from the strong foundations we have put in place in the face of discrete headwinds, including the effects of unprecedented bad weather, margin compression in key value chains, and sluggish auto and smartphone market conditions. Our emphasis on innovation and valued-added, higher margin products enabled us to benefit from stronger pricing in both our Specialty Products and Agriculture Divisions. We also advanced our cost synergies with an additional $400 million of savings in the quarter and we completed our $3 billion share repurchase program, repurchasing $1.6 billion in the quarter,” said Ed Breen, CEO of DowDuPont.
     
    “In 30 days, we expect to complete our journey to create three leading companies in the materials science, agriculture and specialty products industries from the combination of two world-class organizations. I am confident that each of the companies we have created is a compelling investment opportunity in their respective space, with attractive financial characteristics and capital allocation policies, best-in-class cost structures and innovation priorities to accelerate growth,” Breen added.
     
    Materials Science net sales were $10.8 billion, down 10% versus the year-ago period. Operating EBITDA of $1.9 billion, down 24% versus the same quarter last year.
     
    Performance Materials & Coatings net sales were $2.3 billion, down 2% versus the year-ago period. Volume increased 1%, with growth in Asia Pacific and EMEA, and price was flat with the year-ago period. Currency decreased sales by 3%. Consumer Solutions sales were flat with the year-ago period as gains in volume and local price were offset by currency headwinds in EMEA and Asia Pacific.
     
    Coatings & Performance Monomers reported a sales decline on lower volume, local price and currency, in part due to shedding of lower margin business and weather-related delays to seasonal demand in the US & Canada and EMEA regions.
     
    Operating EBITDA was $481 million, down 18% from operating EBITDA of $586 million in the year-ago period, primarily due to lower prices for siloxanes and shipping restrictions from a Performance Monomers facility in Deer Park, TX, due to a fire at a nearby third-party storage and terminal facility.
     
    Industrial Intermediates & Infrastructure net sales were $3.4 billion, down 8% versus the year-ago period. Volume grew 6%, with gains in all regions. Local price declined 11% with decreases in all regions and both businesses. Currency decreased sales by 3%. Operating EBITDA was $448 million, down 31% from operating EBITDA of $654 million in the year-ago period.
     
    Packaging & Specialty Plastics net sales were $5.1 billion , down 15% versus the year-ago period. Volume contracted 2%, driven primarily by higher ethane feedstock usage in the US, which reduced sales of Hydrocarbons & Energy co-products.
     
    The Packaging and Specialty Plastics business grew volume on higher demand in Asia Pacific and EMEA, supported by new capacity adds. End-market growth was led by Industrial & Consumer Packaging and Flexible Food & Specialty Packaging. Operating EBITDA was $993 million, down 24% from operating EBITDA of $1 .3 billion in the year-ago period.
     
    Specialty Products net sales totaled $5.4 billion, a decline of 3% versus the year-ago period. Organic sales were flat with the year-ago period with strength in industrial, medical, life & personal protection, water and health & nutrition end-markets offsetting softness in automotive, smartphones and North America energy markets. Operating EBITDA of $1.6 billion was flat with the year-ago period.
     
    Electronics & Imaging reported net sales of $1.1 billion, down 7% from the year-ago period driven by volume and currency headwinds of 6% and 1%, respectively. Local price was flat with gains in the US & Canada offset by declines in Asia Pacific and EMEA. Operating EBITDA for the segment was $385 million , a decrease of 3% from $398 million in the year-ago period.
     
    Organic sales growth in the US & Canada and EMEA was more than offset by declines in Asia Pacific. Double-digit volume growth in Display Technologies was more than offset by declines in Interconnect Solutions and Photovoltaic and Advanced Materials. Soft smartphone demand, impacting both Interconnect Solutions and Semiconductor Technologies, and continued weakness in photovoltaics were the primary drivers of the volume decline.
     
    Nutrition & Biosciences reported net sales of $1.7 billion, down 4% from the year-ago period. Volume gains in Nutrition & Health were more than offset by softer volumes in Industrial Biosciences. Operating EBITDA for the segment was $390 million, down 7% from operating EBITDA of $418 million in the year-ago period on higher raw materials and a currency headwind, which more than offset cost synergy savings.
     
    Transportation & Advanced Polymers reported net sales of $1.4 billion, down 5% from the year-ago period. Operating EBITDA for the segment totaled $414 million , a decrease of 5% from $437 million in the year-ago period.
     
    Safety & Construction reported net sales of $1.3 billion, up 2% from the year-ago period. Volume gains of 4% were driven by continued strength across industrial, life & personal protection and medical end markets, resulting in strong growth in the Water Solutions business, Tyvek protective garments and Kevlar high-strength materials, more than offsetting continued softness in North America residential construction demand. Volume increased in all regions.
     
    Operating EBITDA for the segment totaled $411 million , an increase of 16% from $354 million in the year-ago period.
     
    Agriculture net sales of $3.4 billion decreased 11% from the year-ago period. In the quarter, volume declined 7%, price increased 1%, and currency was a headwind of 5%, largely driven by the Euro, other Eastern European currencies and the Brazilian Real. Operating EBITDA of $667 million decreased 25% from the year-ago period, driven by the impact of decreased sales in the corn belt.
     
     
    Related Searches
    • electronics
    • semiconductor
    • display
    • dupont
    Suggested For You
    Raj Ratnakar Named Chief Strategy Officer for Specialty Products Division of DowDuPont Raj Ratnakar Named Chief Strategy Officer for Specialty Products Division of DowDuPont
    Zebra Technologies Announces 1Q 2019 Results Zebra Technologies Announces 1Q 2019 Results
    ASSA ABLOY Reports Good Start to 2019 ASSA ABLOY Reports Good Start to 2019
    Avery Dennison Announces First Quarter 2019 Results Avery Dennison Announces First Quarter 2019 Results
    DowDuPont Announces New Members for Future Board of Directors of DuPont DowDuPont Announces New Members for Future Board of Directors of DuPont
    LG Chem Acquires DuPont’s Soluble OLED IP, Technologies LG Chem Acquires DuPont’s Soluble OLED IP, Technologies
    Global Electronic Contract Manufacturing, Design Services Market Size to Grow, Research Says Global Electronic Contract Manufacturing, Design Services Market Size to Grow, Research Says
    Merck KGaA Achieves 2018 Targets Merck KGaA Achieves 2018 Targets
    First Solar, Inc. Announces 4Q, Full Year 2018 Financial Results First Solar, Inc. Announces 4Q, Full Year 2018 Financial Results
    ASSA ABLOY Reports Strong Sales Growth in 2018 ASSA ABLOY Reports Strong Sales Growth in 2018
    DowDuPont Reports Fourth Quarter, Full Year 2018 Results DowDuPont Reports Fourth Quarter, Full Year 2018 Results
    Grand View Research: Global Graphene Market $42.8 Million in 2017 Grand View Research: Global Graphene Market $42.8 Million in 2017
    Grand View Research: Global Specialty Polyamides Market Valued at $2.23 Billion Grand View Research: Global Specialty Polyamides Market Valued at $2.23 Billion
    First Solar Announces Full-Year 2019 Financial Guidance First Solar Announces Full-Year 2019 Financial Guidance
    DowDuPont Named in America DowDuPont Named in America's Most JUST Companies 2018 List

    Related Breaking News

    • Breaking News | Conductive Inks and Coatings | Displays and Lighting | Film, Paper, Glass and Substrates | Flexible and Printed Electronics | Personnel | Photovoltaics
      Raj Ratnakar Named Chief Strategy Officer for Specialty Products Division of DowDuPont

      Raj Ratnakar Named Chief Strategy Officer for Specialty Products Division of DowDuPont

      The Specialty Products Division is expected to become an independent company (the new DuPont) on June 1, 2019.
      05.06.19

    • Breaking News | Financial News | RFID and NFC
      Zebra Technologies Announces 1Q 2019 Results

      Zebra Technologies Announces 1Q 2019 Results

      Notes strong first-quarter net sales of $1,066 million, year-over-year growth of 9.1%.
      05.01.19

    • Breaking News | Financial News | RFID and NFC
      ASSA ABLOY Reports Good Start to 2019

      ASSA ABLOY Reports Good Start to 2019

      Net sales increased by 16% to $2,261.53 million, with organic growth of 5% and acquired net growth of 3%.
      04.26.19


    • Breaking News | Financial News | RFID and NFC
      Avery Dennison Announces First Quarter 2019 Results

      Avery Dennison Announces First Quarter 2019 Results

      Net sales declined 2.0% to $1.74 billion, with an organic sales change (non-GAAP) of 2.4%.
      04.26.19

    • Breaking News | Conductive Inks and Coatings | Displays and Lighting | Film, Paper, Glass and Substrates | Personnel | Photovoltaics
      DowDuPont Announces New Members for Future Board of Directors of DuPont

      DowDuPont Announces New Members for Future Board of Directors of DuPont

      Adds Frank Clyburn, Terrence Curtin, and Fred Lowery to the future DuPont board.
      04.18.19

    Loading, Please Wait..
    Trending
    • Celanese Launches Nine New Conductive Inks
    • Weekly Recap: CES 2023, Ams OSRAM And Celanese Top This Week’s Stories
    • Tageos Introduces EOS-460 U9, New Tire Tagging RFID Inlays
    • Flex Recognized As One Of Fortune World’s Most Admired Companies 2023
    • Thin Film, Printed Battery Market Worth $296 Million by 2025: MarketsandMarkets
    Breaking News
    • Emerson Launches Ovation Green Software Portfolio
    • Graphene Flagship Researchers Examine Applications for Space
    • Weekly Recap: CES 2023, ams OSRAM and Celanese Top This Week’s Stories
    • Pixelligent Names Jeff Anderson as VP of Sales & Marketing
    • Flex Recognized as One of Fortune World’s Most Admired Companies 2023
    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

    GOED Elects New Board Officers for 2023
    Aspire Hires Darrec Jones as VP of Business Development
    Pycnogenol Supplementation Linked to Better Hair Density in Menopausal Women
    Coatings World

    Latest Breaking News From Coatings World

    Caren Hoffmann Appointed Vice President for BASF Mining Solutions
    Microban International Announces Four Senior Hires
    PPG Completes COLORFUL COMMUNITIES Project in Denmark
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Digital X-Ray is as Effective as Lung Ventilation Perfusion in Detecting CTEPH
    CIBC Innovation Banking Provides $25M in Debt Financing to Podimetrics
    Invacare's Interim CEO Permanently Secures Job
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Astellas Announces New President and CEO and Management Structure
    Thermo Fisher, Celltrio Partner on Cell Line Automation Platform
    Lilly 4Q Revenues Down 9% to $7.3B
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Interpack 2023 to Focus on Sustainability
    e.l.f. Cosmetics Unveils New Bold Satin Finish Lipstick
    Weekly Recap: L’Oréal & LVMH Bid for Aesop, Ariana Grande Purchases r.e.m. Beauty & More
    Happi

    Latest Breaking News From Happi

    Perfect Corp. Partners with Precision Skin by DermConcept to AI-Powered Digital Skin Diagnostic
    Old Spice Kicks Off ‘Smelf-Confidence’ Marketing Campaign During Super Bowl LVII
    Next of Us (NOU) Launches Moisturizing Cream and Reactivating Mist for Varied Curl Types
    Ink World

    Latest Breaking News From Ink World

    Fujifilm Expands Its RxD Inkjet Pigment Dispersions Color Range
    Weekly Recap: Pigments, Inkjet Ink Market Reports Top This Week’s Stories
    Roland DGA Announces Key Changes to Leadership Team
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Fujifilm expands RxD inkjet pigment dispersions color range
    Anderson & Vreeland acquires flexo consumable assets from Grimco
    Hamillroad Software's Bellissima DMS honored in Brazil
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Avgol to Showcase Algaeing Colorants and Fibers at Filtech
    Uster to Host Webinar on Zero-Level Contamination Control
    Typar Expands Drainable Wrap Line
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Steady Growth Forecast for Global Orthobiologics Market
    ODT's Most-Read Stories This Week—Feb. 4
    Toetal Solutions Secures $1.8 Million in New Financing
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Weekly Recap: CES 2023, ams OSRAM and Celanese Top This Week’s Stories
    Zebra Provides East West Shrine Bowl with RFID Tracking Technology
    AAAS Elects Three ORNL Scientists as Fellows

    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