Dow DuPont recently released Q4 2017 and full-year results, the company in the quarter and full-year total revenue and net profit have achieved double-digit growth.
2017Highlights of the fourth quarter of the year
Dow DuPont reports that GAAP's loss-making share-based loss per share was $ 0.52 per share, after adjusting for earnings per share of $ 0.83, up 41% from the adjusted adjusted earnings per share of $ 0.59 in the same period last year. Adjusted earnings per share Excluding important items for the quarter, including a net $ 1.26 per share in net expenses and a $ 0.09 per share in DuPont's amortization of intangible assets.
Net sales of 20.1 billion U.S. dollars, up 13% over the same period of the previous year's simulated net sales of 17.7 billion U.S. dollars, and rising in all business sectors and regions. The main sectors driving sales growth under each segment are: Materials Science Industrial Intermediates and Infrastructure (27%) and Packaging & Specialty Plastics (17%) sectors in the segment; Transport and Advanced Materials, Nutrition and Biotechnology (10% each) segment in Specialty Products segment; and Agriculture segment (5% ). The leading regions in sales growth were Europe, Middle East and Africa (EMEA) (25%) and North America (10%) with growth in all sectors, of which the leading segment is the Materials Science segment.
Analog sales rose 6%, with consumer-led and investment-driven broad-based demand growth across all business units and regions, with industry-wide intermediates and infrastructure (13%), packaging and specialty plastics (8% , Electronics and imaging (6%) and transportation and advanced materials (5%). The top selling areas are EMEA (10%) and Asia Pacific (6%).
Local prices rose 5% in simulations, rising in all regions, with double-digit gains among industrial intermediates and infrastructure (12%) and high performance materials and coatings (10%).
Simulated operating EBITDA increased to $ 3.9 billion, up 24%, as a result of the following positive factors: higher sales and prices, including new capacity in the Gulf Coast of the United States and Saudi Arabia; cost optimization benefits; pensions / other Lower after-service benefits costs and higher share equity gains, all of which are sufficient to offset the impact of rising raw material costs and start-up costs associated with new assets on the Gulf Coast of the United States.
The company achieved an annualized cost optimization benefit of more than 800 million U.S. dollars and achieved more than 200 million U.S. dollars in cost savings in the fourth quarter of 2005. Dow DuPont announced that the cost optimization benefits it promised to achieve increased from 3 billion U.S. dollars to 3.3 billion U.S. dollars .
Dow DuPont announced the latest plan for spin-off timing and sequencing of three companies: the Materials Science segment is expected to be split by no later than the end of the first quarter of 2019, and the Agricultural and Specialty Products segments will be released no later than June 1, 2019 Day split into companies.
"Our fourth quarter results continued our full year performance in 2017 with double-digit growth in both total revenue and net profit for the quarter and full year." Dow's chief executive, (Ed Breen). "The results for 2017 reflect the potentially strong demand for many of our products, the momentum of our innovative engines and our leadership position in a growing market, and we achieved these results in parallel with the completion of our merger , Readjusted its operations in major end markets and realized an annualized cost savings of more than 800 million dollars under the cost optimization benefit project, and based on the progress made, we raised the promised cost optimization benefit from 3 billion U.S. dollars To US $ 3.3bn, an increase of 10%. We are also making significant progress in setting up a planned listed company and we now expect to complete the spin-off of the three companies in about 14 to 16 months. "
2017Annual performance highlights
GAAP earnings per share for continuing operations was $ 0.95. The adjusted adjusted earnings per share was $ 3.40, up 22% from a year ago. Key items adjusted for adjusted earnings per share include: total net expenditure of $ 1.90 per share and DuPont Amortization of Amortization of $ 0.33 Equity.
GAAP net sales increased 30% .Sales net sales increased to 79.5 billion US dollars, an increase of 12% over the same period last year, all business segments and regions have increased. Mainly to promote sales growth of the sector or sector: Materials Science and Technology sector high Performance Materials and Coatings (37%), Industrial Intermediates and Infrastructure (17%) and Packaging and Specialty Plastics (13%); Transportation and Advanced Materials (14%) for Specialty Products and Electronics and Imaging (12% ) Sector and the agricultural sector (2%). Double-digit sales growth was achieved in EMEA (17%), Asia Pacific (15%) and North America (10%) Sales in Latin America The amount increased by 5%.
Simulated operating EBITDA increased to 16.2 billion US dollars, an increase of 15%.
"The global economy continues to grow under the impetus of strong consumer and business confidence, healthy employment and wage growth, and active investment in manufacturing and infrastructure," said Andrew Liveris, executive chairman of Dow Corps. Said.'We continue to see the first sign of widespread strong growth in developed economies such as the United States, Germany, France, Canada and the United Kingdom.Otherwise, early signs of business show that the tax reform in the United States will become a further investment in domestic capital Of these catalysts, which will benefit from more competitive and business-friendly incentives.In addition, the emerging middle class in developing economies, most notably in India and China, but also in Africa and the Middle East The middle class continues to provide support for sustainable growth.
"All of these are a good omen for the products and technologies in the Dow DuPont portfolio and our products and technologies are well positioned to meet the growing needs of the materials science, agriculture and specialty products industries." Looking ahead, Our means of creating value are clear: Continue to further leverage the costs and growth benefits of mergers and acquisitions to capitalize on our early successes and meet our promise announced today to enhance cost-effectiveness; leveraging our sustained growth investment and strong Of its innovative R & D lines to deliver new products and to quickly establish and split three industry-leading companies based on the latest acceleration schedule announced by us. '