• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    2023 CEO Forum

    The 2023 Automotive Coatings Market

    Color Trends in the Paint and Coatings Industry

    2023 European Coatings Show EXHIBITOR SHOWCASE

    Industry is Looking Forward to the 2023 European Coatings Show
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Raw Materials & Equipment
    Video Bites
    Suppliers News
    Live From Shows
    Top News
    Sherwin-Williams Wins Three AMPP Awards

    OQ Chemicals Reduces CO2 Emissions at Bay City, Texas Plant by 10% in 2022

    Perstorp Strengthens Sustainable Offerings

    Orion Debottlenecks Plant in Germany for High-Jetness Carbon Blacks

    Barentz Expands Market Acceleration Team
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    Sherwin-Williams Wins Three AMPP Awards

    Norwegian Cruise Line Goes Biocide-Free with Nippon Paint Marine's AQUATERRAS

    Stahl Completes Acquisition of ICP Industrial Solutions Group

    The 2023 Automotive Coatings Market

    Color Trends in the Paint and Coatings Industry
    Additives
    Binders
    Pigments
    Solvents

    OQ Chemicals Reduces CO2 Emissions at Bay City, Texas Plant by 10% in 2022

    Orion Debottlenecks Plant in Germany for High-Jetness Carbon Blacks

    Evonik Obtains Certification for VISIOMER Terra Biobased Methacrylates

    BASF Invests in Expansion of Polymer Dispersions Plant in Daya Bay, China

    Evonik Invests in Interface Polymers
    Company Capabilities
    Buyers Guide
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Siltech Corporation

    Clariant Additives

    Active Minerals

    Arkema

    EPS
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    Southern Society for Coatings Technology Annual Meeting and Technology Conference

    Eastern Coatings Show

    CPCA Annual Conference

    66th Annual Sink or Swim

    Middle East Coatings Show
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Siltech Corporation

    Clariant Additives

    Active Minerals

    Arkema

    EPS
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • China Report
      • India/Asia Pacific Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Glossary
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    DowDuPont Reports Second Quarter 2018 Results

    ...

    DowDuPont Reports Second Quarter 2018 Results
    08.03.18
    DowDuPont reported its second quarter 2018 financial results.
     
    Net sales increased 17% to $24.2 billion, with double-digit growth in all divisions and gains in all geographic regions, from pro forma net sales of $20.7 billion in the year-ago period. The Agriculture division increased sales 25%, driven by a recovery from weather-related delays in the first quarter and local price gains. The Materials Science division grew sales 18%, with double-digit gains in all segments and in all regions. The Specialty Products division increased sales by 10%, with gains in most segments and all regions.
     
    Volume grew 10% on a pro forma basis from the year-ago period, with gains in all divisions and all regions, led by double-digit gains in US & Canada and Asia Pacific. Agriculture volume increased 20%, primarily driven by a recovery from weather-related delays in the first quarter. Materials Science and Specialty Products volume increased 10% and 4%, respectively, both with gains in all segments and regions.
     
    Local price rose 4% on a pro forma basis, with gains in all divisions and all regions, led by a 5% increase in Materials Science and a 4% increase in Agriculture.
     
    GAAP earnings per share from continuing operations was $0.76. Adjusted earnings per share increased 41% to $1.37, compared with pro forma adjusted earnings per share in the year-ago period of $0.97.
     
    Operating EBITDA increased 29% on a pro forma basis from the year-ago period to $5.7 billion. Agriculture achieved 45% operating EBITDA growth. Specialty Products delivered operating EBITDA growth of 23%. Materials Science delivered operating EBITDA growth of 22%.
     
    DowDuPont achieved cost synergy savings of more than $375 million in the quarter, reaching cumulative savings of nearly $900 million since merger close. The company now expects to achieve year-over-year savings of $1.4 billion in 2018, a more than 15% increase from its previous target.
     
    Cash flow from operations was $2.1 billion, driven by increased cash earnings.
     
    “We continued to deliver strong results in the second quarter, including double-digit gains in sales and operating EBITDA,” said Ed Breen, CEO of DowDuPont. “Volume growth, local price gains, and operating margin expansion were the key highlights, reflecting a clear focus from the businesses on execution. Our new product launches are resonating with customers, resulting in strong demand across each of our targeted end-markets. These are indicators that our three divisions are making a difference in the marketplace and for shareholders. We have great momentum and our employees are enthusiastic about the future of our intended industry-leading companies – Corteva, Dow, and DuPont.”
    Related Searches
    • dowdupont
    • led
    • merger
    • dow
    Suggested For You
    Axalta Wins Three 2021 Edison Awards Axalta Wins Three 2021 Edison Awards
    PPG, Pittsburgh Penguins Foundation, Carnegie Science Center Provide School Assembly Program PPG, Pittsburgh Penguins Foundation, Carnegie Science Center Provide School Assembly Program
    Gelest CEO Elected to National Academy of Engineering Gelest CEO Elected to National Academy of Engineering
    PPG Seeks EPA Approval for Antiviral Paint Containing Corning Technology PPG Seeks EPA Approval for Antiviral Paint Containing Corning Technology
    Arkema Ranks 11th in Wall Street Journal’s World’s Most Sustainably Managed Companies Ranking Arkema Ranks 11th in Wall Street Journal’s World’s Most Sustainably Managed Companies Ranking
    Chemicals - Analyst Positive at IHS Markit’s 33rd annual World Petrochemical Conference Chemicals - Analyst Positive at IHS Markit’s 33rd annual World Petrochemical Conference
    DowDuPont Updates Materials Science Division & Specialty Products Division Advisory Committee DowDuPont Updates Materials Science Division & Specialty Products Division Advisory Committee
    DowDuPont Announces New Members of Agriculture, Materials Science, and Specialty Products Divisions’ DowDuPont Announces New Members of Agriculture, Materials Science, and Specialty Products Divisions’
    Dow EVP, General Counsel to Retire, Successor Named Dow EVP, General Counsel to Retire, Successor Named
    DowDuPont Invests $100 Million to Expand Manufacturing Capacity DowDuPont Invests $100 Million to Expand Manufacturing Capacity
    Eastman, Axalta, Olin Corp. – Insight Into EMN Innovation Day; Results from AXTA, OLN Eastman, Axalta, Olin Corp. – Insight Into EMN Innovation Day; Results from AXTA, OLN
    DowDuPont, Eastman – Analyst Raises DWDP PT, Comments on EMN Results DowDuPont, Eastman – Analyst Raises DWDP PT, Comments on EMN Results
    DowDuPont Reveals Corporate Brand Names for Three Independent Divisions DowDuPont Reveals Corporate Brand Names for Three Independent Divisions

    Related Breaking News

    • Automotive Refinish | Breaking News | Paint & Coatings Manufacturer News
      Axalta Wins Three 2021 Edison Awards

      Axalta Wins Three 2021 Edison Awards

      Won 3 bronze Edison Awards in the categories of Innovative Services, Sustainability and Engineering and Materials Science.
      04.23.21

    • Breaking News | Paint & Coatings Manufacturer News
      PPG, Pittsburgh Penguins Foundation, Carnegie Science Center Provide School Assembly Program

      PPG, Pittsburgh Penguins Foundation, Carnegie Science Center Provide School Assembly Program

      Schools, libraries, and organizations can book Science of Hockey now as a virtual program or bring the assembly to their location this fall.
      03.29.21

    • Breaking News | People in the News
      Gelest CEO Elected to National Academy of Engineering

      Gelest CEO Elected to National Academy of Engineering

      Election to the NAE is “among the highest professional distinctions accorded to an engineer," according to the organization.
      03.01.21


    • Breaking News | Product news | Special Purpose Coatings
      PPG Seeks EPA Approval for Antiviral Paint Containing Corning Technology

      PPG Seeks EPA Approval for Antiviral Paint Containing Corning Technology

      ...
      Coatings World staff 11.13.20

    • Breaking News
      Arkema Ranks 11th in Wall Street Journal’s World’s Most Sustainably Managed Companies Ranking

      Arkema Ranks 11th in Wall Street Journal’s World’s Most Sustainably Managed Companies Ranking

      ...
      Coatings World staff 10.16.20

    Loading, Please Wait..
    Trending
    • BASF Invests In Expansion Of Polymer Dispersions Plant In Daya Bay, China
    • Sherwin-Williams Wins Three AMPP Awards
    • Norwegian Cruise Line Goes Biocide-Free With Nippon Paint Marine's AQUATERRAS
    • Interpon Powder Coatings On Dubai’s Latest Luxury Hotel ​
    • Shelf Life Vs Pot Life Vs Working Life Of Paint And Coatings
    Breaking News
    • Sherwin-Williams Wins Three AMPP Awards
    • OQ Chemicals Reduces CO2 Emissions at Bay City, Texas Plant by 10% in 2022
    • Perstorp Strengthens Sustainable Offerings
    • Orion Debottlenecks Plant in Germany for High-Jetness Carbon Blacks
    • Barentz Expands Market Acceleration Team
    View Breaking News >
    CURRENT ISSUE

    March 2023

    • 2023 CEO Forum
    • The 2023 Automotive Coatings Market
    • Color Trends in the Paint and Coatings Industry
    • 2023 European Coatings Show EXHIBITOR SHOWCASE
    • Industry is Looking Forward to the 2023 European Coatings Show
    • 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

    GOOD Meat Receives FDA Go-Ahead for Cultured Meat
    IFF Achieves Industrial-Scale Production of Anaerobic Probiotic Strain
    Jones Healthcare Group Primed to Help Nutraceutical Brands Comply with New Packaging Rules
    Coatings World

    Latest Breaking News From Coatings World

    Sherwin-Williams Wins Three AMPP Awards
    OQ Chemicals Reduces CO2 Emissions at Bay City, Texas Plant by 10% in 2022
    Perstorp Strengthens Sustainable Offerings
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    First European Use of CairnSurgical's Breast Cancer Locator System
    Healthcare AI Specialist, SensorsCall Join Forces on Home Monitoring Tech
    Victoria Carr-Brendel Joins Vicarious Surgical Board
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Aenova Names Roel de Nobel Head of Business Unit Solids
    Macomics, Ono Pharmaceutical Partner to Develop Immuno-oncology Antibody Drugs
    Dupixent Trial Demonstrates Potential to be First Biologic to Treat COPD
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    The RealReal Discontinues Beauty Business
    Tree Hut Announces Pop-Up Experience in NYC
    Puig’s Net Revenue Grows 40% to Over $3.9 Billion in 2022
    Happi

    Latest Breaking News From Happi

    Mary Kay's Topical with Vinca Major Provides Reduction of Melanin Production
    Gojo Industries Announces Next Phase of its Sustainable Value Strategy
    Puig Exceeds $3.89 Billion in Revenues for 2022
    Ink World

    Latest Breaking News From Ink World

    Amcor, Nfinite Enter into Agreement on Recyclable Packaging
    Smurfit Kappa Completes Exit from Russia
    Sun Chemical Announces Plans for INFOFLEX 2023
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    TLMI announces 2022 Eugene Singer Award winners
    Pulse Roll Label Products expands technical sales team
    Mark Andy introduces ProWORX Label Suite
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Heartland Polymers Begins Production in Alberta
    Zeta Polimeri Becomes Radici EcoMaterials
    Responsible Flushing Alliance Holds Annual Meeting
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    3D LifePrints Rebrands to Insight Surgery & Launches New Business in Houston
    Companion Spine Closes $60.1 Million Series A Funding Round
    Missouri Neurosurgeon Settles Federal Kickback Lawsuit for $825K
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    HID Reports on Reshaping the Security Industry
    Meyers Introduces New Function47 Division
    Global Fab Equipment Spending on Track for 2024 Recovery: SEMI

    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