DowDuPont beats estimates on gains in materials science, specialty products

摘要

DowDuPont reports net income from continuing operations of $1.1 billion, up 24% year on year (YOY). Operating EBITDA of $4.9 billion was up 6% YOY as solid price and volume gains in materi- als science and specialty products more than ofset a decline in agriculture due to a weather-related shift impacting seed and crop protection deliveries. Net sales rose 5% YOY, to $21.5 billion. “We had good volume growth, pricing momentum, new product launches (in material science and specialty products) that allowed us to improve margins as well as more than $300 million in cost synergies that helped drive bottom-line performance," Howard Ungerleider, DowDuPont chief fnancial ofcer told CW.