DowDuPont (DWDP) Tops Q1 EPS by 2c, Beats on Revenues

DowDuPont (NYSE: DWDP) reported Q1 EPS of $1.12, $0.02 better than the analyst estimate of $1.10. Revenue for the quarter came in at $21.5 billion versus the consensus estimate of $21.42 billion.

• GAAP EPS from Continuing Operations of $0.47; Adj. EPS Increases 7% to $1.12
• GAAP Net Income from Continuing Operations of $1.1B; Op. EBITDA Up 6% to $4.9B
• Net Sales Rise 5% to $21.5B, driven by Segments Within the Materials Science and Specialty Products Divisions
• Cost Synergy Savings of >$300MM; Run-Rate Ahead of Plan and Now on Pace to Achieve 75% Run-Rate of $3.3B Commitment by the End of the Third Quarter of 2018
• DWDP Expects Op. EBITDA up ~15% in 1H18; 2Q Op. EBITDA up in all Divisions: Ag high-30s percent; Materials Science mid-teens percent; Specialty Products ~20%

For earnings history and earnings-related data on DowDuPont (DWDP) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Zeo Energy Corp (ZEO) Misses Q2 EPS by 7c
• Algorhythm Holdings (RIME) Tops Q2 EPS by 54c